My sister has her house on the market and the first person that wanted it was approved and they put down some money towards it but then backed out once they spoke to the bank and learned of how high the interest rate is. So even though the house is priced right, it seems that the interest rates are working against both the buyer and the seller.
Sorry to hear about the fall-through. We are seeing more of that happen than in a "normal" market. Interest rates are high relatively to what they have been the last couple of years but not that bad if you look back further. Buyers are slowly adjusting to the "new" way but at the end of the day, it really is not an interest rate issue. It's an overall affordability issue. The giant gain in home prices we have had coupled with "high" interest rates makes for an affordability challenge. There will be a buyer for your sister's home, if it is priced "right" as you mentioned.
![[UNCUT]"ทนายตั้ม" แฉยับ! ความลับสวรรค์ ใครคือ "บิ๊กเทวดา" ของบอสพอล l คนดังนั่งเคลียร์ l 15 ต.ค. 67](http://i.ytimg.com/vi/ru9fpSaUwdA/mqdefault.jpg)
![[Gegagedigedagedago] NEW Help Gegagedigedagedago Nugget escape from Nikocado Avocado Challenge](http://i.ytimg.com/vi/hJWnwRC2Fz8/mqdefault.jpg)
My sister has her house on the market and the first person that wanted it was approved and they put down some money towards it but then backed out once they spoke to the bank and learned of how high the interest rate is. So even though the house is priced right, it seems that the interest rates are working against both the buyer and the seller.
Sorry to hear about the fall-through. We are seeing more of that happen than in a "normal" market. Interest rates are high relatively to what they have been the last couple of years but not that bad if you look back further. Buyers are slowly adjusting to the "new" way but at the end of the day, it really is not an interest rate issue. It's an overall affordability issue. The giant gain in home prices we have had coupled with "high" interest rates makes for an affordability challenge. There will be a buyer for your sister's home, if it is priced "right" as you mentioned.