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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 1:34 pm to fareplay
Posted on 5/9/24 at 1:34 pm to fareplay
quote:
There was a serious run for homes in the last few years because people assumed location was flexible due to Covid. Now that the dust has settled, places like Nashville Austin etc don’t seem to have as much demand as they thought.
People had been moving to Austin and Nashville in mass well prior to covid. I can't speak for Nashville but Austin has been building like crazy.
Austin had a ton of new high rises completed in the last few years which has helped ease the market
We didn't build enough housing after 08. Housing cost had been rising pretty steadily for all of the last decade. Between that and the interest rates dropping is why housing went crazy in 2020.
This post was edited on 5/9/24 at 1:51 pm
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