This is one of those statistics no one needs to be a data scientist to collect. I’m not selling my house because I have a 2-something% mortgage. A new home would cost me $4k more a month… If I’m not buying, it means I’m not selling.
“Homebuilders should take the opportunity to supply the market to meet demand,” said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina.
This is easy to say when the stupid politicians won’t reform the zoning laws for fear of losing their precious property taxes on overly inflated property values.
I bought my house for 435k in 2019 and refinanced during pandemic and got a 2.75% rate. It’s worth 650k now and I wouldn’t sell it for even a cash offer to pay what a 8.25% rate now.
Hmmm, bad news for all the “markets going to crash” people. Like I’ve said 100 times on Reddit, there’s no inventory!
But the economy is thriving. Give Biden credit! /s
Miss me with “it’s not the economy; it’s the economic SYSTEM” congrats. It still doesn’t work.
From someone who’s in the new home construction field for 37 years I think it’s going to get worse before it gets better it’s very hard to find good contractors if you can find one at all.The field doesn’t really pay then you have to deal with the crazy insurance cost on top of it,much better off getting a job at GM making twice as much working on disposable cars.
Really need to institute first time buyers programs and stick it to people with multiple properties that are predators. This is stupid.
Bought my house in 2018 for 330k now it’s work $575k with a 2.875%. Why would I possibly sell?
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This is one of those statistics no one needs to be a data scientist to collect. I’m not selling my house because I have a 2-something% mortgage. A new home would cost me $4k more a month… If I’m not buying, it means I’m not selling.
“Homebuilders should take the opportunity to supply the market to meet demand,” said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina.
This is easy to say when the stupid politicians won’t reform the zoning laws for fear of losing their precious property taxes on overly inflated property values.
I bought my house for 435k in 2019 and refinanced during pandemic and got a 2.75% rate. It’s worth 650k now and I wouldn’t sell it for even a cash offer to pay what a 8.25% rate now.
Hmmm, bad news for all the “markets going to crash” people. Like I’ve said 100 times on Reddit, there’s no inventory!
But the economy is thriving. Give Biden credit! /s
Miss me with “it’s not the economy; it’s the economic SYSTEM” congrats. It still doesn’t work.
From someone who’s in the new home construction field for 37 years I think it’s going to get worse before it gets better it’s very hard to find good contractors if you can find one at all.The field doesn’t really pay then you have to deal with the crazy insurance cost on top of it,much better off getting a job at GM making twice as much working on disposable cars.
Really need to institute first time buyers programs and stick it to people with multiple properties that are predators. This is stupid.
Bought my house in 2018 for 330k now it’s work $575k with a 2.875%. Why would I possibly sell?