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re: Current Housing Prices
Posted on 3/12/22 at 10:05 am to AUCom96
Posted on 3/12/22 at 10:05 am to AUCom96
I just don’t know why anyone would sell their home right now when they would have to turn around and buy at the same ridiculous price.
Also can someone answer this…how are people affording these crazy prices when most people are not making that much more to keep up with costs?
Also can someone answer this…how are people affording these crazy prices when most people are not making that much more to keep up with costs?
2
Posted on 3/12/22 at 10:15 am to GatorPA84
quote:
Also can someone answer this…how are people affording these crazy prices when most people are not making that much more to keep up with costs?
Being in Alabama, I wonder how much of it is people from higher cost areas moving southwards where their money goes farther. I've been told my friends in real estate this is a minor part of it, but it's just hard to see this many people suddenly needing housing when interest rates have been low for so long.
Posted on 3/12/22 at 10:36 am to GatorPA84
quote:
just don’t know why anyone would sell their home right now when they would have to turn around and buy at the same ridiculous price.
Also can someone answer this…how are people affording these crazy prices when most people are not making that much more to keep up with costs?
A lot of it (at least in my area) is driven by people coming from much more expensive areas selling their 3/2 in California for 1.5 million and buying a much bigger/nicer house here in TN for half that.
I'm trying to upgrade to a bigger house in a better school district, but I'm having a hell of a time.
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