You Can't Control Housing Prices, but You Can Control What You Do About Them
It's exceptionally rough for house hunters right now. Housing prices, compared to incomes, are around an all-time high. In addition, mortgage rates are near decades-high levels.
High prices plus high costs of borrowing make it much harder for people to afford their first homes. It also makes it less likely that people who have locked in low interest rates on their existing mortgages will be willing to move and take on substantially higher rates to buy their next homes.
All that adds up to what looks like the toughest housing market in a long time for those who either need or want to move. In a world like that, it's important to recognize that you can't control housing prices -- but you can control what you do about them. Here are three things you can do to deal with the craziness of today's housing prices.
Source Fool.com
