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Message: <blockquote data-quote="Allen" data-source="post: 352781" data-attributes="member: 389"><p>Yep, apply post #2 to this and you will see a quick drop in the prices of homes on the market.  Just because everyone shopping for a house has a set monthly amount they are willing to spend, and interest rates are now going to be eating up a MUCH larger share of that monthly budget.</p><p></p><p>I know a homebuilder and will be keeping up to speed on this as I have a project I'd like to do.  I'm in the process of saving for that project, but with current trends in interest I'll likely be putting it off until I can save some more cash to avoid the interest.</p><p></p><p>Given the lag time in construction, I wouldn't be surprised at all if homebuilders aren't in a world of hurt by this time next year.</p></blockquote><p></p>

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