A major shift could be coming for the housing market—here’s what it means for buyers.
Transcript:
DAVE RAMSEY: Well, there seems to be a pent up demand. People have been sitting on the sidelines, quote, waiting on prices to come down. They’re not going to because there’s not as much supply as there is demand. I don’t think prices are going to drop. If interest rates would tick down a point or two points, I think we’d see the thing catch on fire, because I think some of the people that are sitting on the sidelines would jump back in the game. And from a consumer confidence perspective, and they seem to be waiting on that. And maybe they get the other side of the tariff panic. Maybe we get the other side of, Oh, I don’t know whether I buy a house in the middle of all this, if that stuff calms down, then that’ll probably loosen up the housing market as well. So I actually predicted, wrongly, that we’d be in a good boom market by right now. So I don’t know if I know what I’m doing or not, but probably fall. I’m just a glass half full guy, so I’m looking for this market to come back.
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