I live in Midland and the real estate market has slowed to a crawl. I have my own thoughts, but what reasons do you have for not wanting to buy a new house?

My wife is a Realtor in Midland. That is the hot spot of the Permian Basin, compared to the rest of the area. High interest rates and tougher underwriting are what she views as the biggest detriments to buying and selling a home. Interest rates have went down a bit, but they are not great.

So how long will people hold on hard to those excellent interest rates?