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The biggest problem buyers have is NOT prices 💰 The banks aren't lending them as much money

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Manage episode 343003737 series 2813057
Content provided by Tom Panos. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Panos or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I said this 6 months ago, and now it’s official 🗞️
The rate of increase in interest rates is overtaking the rate of decline in property prices.
In this current real estate market, buyers have roughly a 25% decrease in borrowing capacity (all other things being equal).
The biggest problem buyers have right now is not the price of the property - it’s that the bank is not lending them the same amount of money they previously would have approved.
My Clearance Rate over the long weekend: 4/8 SOLD (50%)

  continue reading

286 episodes

Artwork
iconShare
 
Manage episode 343003737 series 2813057
Content provided by Tom Panos. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Panos or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I said this 6 months ago, and now it’s official 🗞️
The rate of increase in interest rates is overtaking the rate of decline in property prices.
In this current real estate market, buyers have roughly a 25% decrease in borrowing capacity (all other things being equal).
The biggest problem buyers have right now is not the price of the property - it’s that the bank is not lending them the same amount of money they previously would have approved.
My Clearance Rate over the long weekend: 4/8 SOLD (50%)

  continue reading

286 episodes

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