Lending rates are climbing, which means it’s harder for people to get loans to buy property with. And sellers don’t want to let go because they haven’t really realized that their property is actually dropping in value, also they don’t want to sell because they want to put their money somewhere else but don’t want to pay the ridiculously high rates
ebj0hnson t1_j2up5u9 wrote
Reply to comment by Zaedus in [Discussion] Well, I've officially enrolled in courses to get my Real Estate Sales Licenses in Pennsylvania and Delaware! Long-time Dream, New Year, New Job, New Income Stream! by francisxavier12
Lending rates are climbing, which means it’s harder for people to get loans to buy property with. And sellers don’t want to let go because they haven’t really realized that their property is actually dropping in value, also they don’t want to sell because they want to put their money somewhere else but don’t want to pay the ridiculously high rates