Higher down payments could be on horizon

Banks are tightening access to money because they can’t touch rates significantly just yet. It will get harder to borrow but this will not make it easier to buy.. If your standing on the sidelines with the belief that you’ll jump in and grab properties at a steal if prices drop then you don’t know your history. In the event that prices drop due to rates or prohibitive lending criteria you likely won’t be able to come up with enough money down or the bank will find a way to decline you as was common in the early 90’s. If you need a house to live in then buy one you can afford to and make sure you’ll be able to make payments at higher rates with lower income. If you’re an investor put large money down and focus on strong rent rolls and cap rates. If you’re a speculator… better start doing a lot of reading and forecasting.

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