On: A global house-price slump is coming?

[sneaked]

yes at the way rates are going... 8% on a 30 year mortgage? Are you kidding me? that's insane.

[danhak → sneaked]

What's insane about it? 8% is a pretty normal rate, historically speaking. The average rate for a 30 year fixed mortgage since 1971 is 7.76%

https://fred.stlouisfed.org/series/MORTGAGE30US

[tmnvix → danhak]

Insane considering current prices. Which is really to say that current prices are insane. They won't stay that way if interest rates don't go down again soon.

[danhak → tmnvix]

Yup. Prices will lag rates, and the market is already seeing significant softening