Jun. 3 at 2:54 PM
$RDFN $RKT $RMAX The current housing situation appears to be the "new normal." We may not return to the era of 2.5%–4% mortgage interest rates, and instead, the market seems to have settled into a new, more permanent state. This shift has significantly impacted the entire housing sector.
I’ve invested in RKT, REMAX, and RDFN stocks at lower prices and plan to increase my position if the market presents further opportunities. In the meantime, I am forwarding a letter to Chair Jerome Powell in hopes of drawing attention to the broader consequences of prolonged high interest rates.
This situation has triggered a domino effect that reaches far beyond just homebuyers and sellers—it has also deeply affected construction companies, developers, designers, house flippers, and suppliers of building materials. The ripple effects are widespread and deserve serious consideration.
