Insanely Busy Mortgage Broker - Debbie Bloyd #5113
b'Interest rates rising for now what will the effect be? Buyers haven\\u2019t seemed to notice. One a $300k mortgage their payment has gone up $60-70 per month. Buyers need to prepared for higher insurance, taxes, utilities, etc. Texas had their freeze and they\\u2019re still trying to get rid of the claims backlog. Many lost power for days.\\xa0 What\\u2019s going on in the Real Estate market? Inventory around nation the nation is extremely low. 1 month\\u2019s inventory currently. More people are staying put than ever before. Elderly aren\\u2019t downsizing. New homebuyers are purchasing larger homes. Out of state buyers snapping up high priced homes. Prices are going up and lots of cash sales happening. New home construction is on the upsurge. There\\u2019s wait lists galore.\\xa0 Investing in Real Estate to cash in inflation. People have waited for a good deal. People were waiting for lower mortgage rates. They bet wrong. Now they\\u2019re trying to beat higher rates and trying to get more.\\xa0 Over 55 communities are increasing greatly. Lots of golf carts. People over 60 downsizing to these communities.\\xa0 Foreclosures also coming to a head. The moratorium is coming to an end. There\\u2019s still a number of homes that are on chopping block. This could see an increase in inventory eventually. It\\u2019s all in flux.'