Dieuw Thonet

[Dieuw Thonet @DieuwT]

@elonmusk Where is Kennedy?

[Nick Gerli @nickgerli1]

One thing that people in the housing market need to get prepared for is no bounce back in buyer demand from lower rates.

Mortgage Rates are down to 6.4%. This has only lowered the monthly house payment for buyers to $2,700/month.

In reality we need to get to $2,100-$2,200/month pmt for a real bounce back in buyers.

Getting there will necessitate a 5.5% mortgage rate and a 15% drop in prices.

[Dieuw Thonet @DieuwT]

Who will fix this?