LogFAQs > #980145302

It honestly won't get better. I have seen houses increase in pricing my entire life and I'm 48. They legitimately don't go down. They creep up year after year after year steadily.

The only thing that fluctuates is mortgage rates and people got used to them being INSANELY low compared to historical averages. They aren't even *bad* now they just aren't the stupidly low rates that were only a couple percent.

I knew a lot of people who were buying in the 80's where rates were up to like 18%. Like seriously I knew a handful of people who bought when rates were 14 to 16% then.

So don't expect houses to get cheaper. They will keep going up. I suppose it is possible mortgage rates could eventually fall to low levels again but I wouldn't count on it for a long while.