But the demand is still there. And many buyers powered by stock market returns. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		beamatronic on Feb 10, 2022 \| parent \| context \| favorite \| on: U.S. Inflation Accelerates to 40-Year High But the demand is still there. And many buyers powered by stock market returns.

ninkendo on Feb 10, 2022 [–]

Buyers' cost tolerance is driven by the cost of their mortgage, which is extremely sensitive to interest rate hikes, which typically rise as a way to curb inflation.

No cheap mortgages means a lot fewer eligible buyers.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact