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There’s probably more rumor-mongering in real estate and building than in any other area of business. You hear them all the time. . . rumors about home prices; rumors about financing (easy or hard to get); rumors about interest rates (going up or down).. . you name it, and there’s sure to be a rumor going around to fit.
The rumors are usually highly ambiguous. You’ll amost never hear actual figures used. If word is out that interest rates are “high”, one’s first reaction should be: “What is meant by high?”. Sure, they’re higher than they were years ago, but that still DOESN’T mean that they’re out of everybody’s
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