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re: Where to park money from home sale
Posted on 8/5/22 at 9:13 pm to iAmBatman
Posted on 8/5/22 at 9:13 pm to iAmBatman
So you think they will continue to increase as interest rates also go up?
I agree the growth will slow, but I have been watching all around my neighborhood (Old Metairie, so not in BFE), and most houses have been listed for weeks and several have had decreases.
There is plenty of inventory in the area as well. Just speaking on observations.
Pay attention to what’s around your house for sale and I think you will get a better idea.
I agree the growth will slow, but I have been watching all around my neighborhood (Old Metairie, so not in BFE), and most houses have been listed for weeks and several have had decreases.
There is plenty of inventory in the area as well. Just speaking on observations.
Pay attention to what’s around your house for sale and I think you will get a better idea.
This post was edited on 8/5/22 at 9:15 pm
Posted on 8/5/22 at 9:27 pm to 23parker
quote:
So you think they will continue to increase as interest rates also go up?
Sure they’re going up. Again, not 20-30% like you saw the past couple of years, but why wouldn’t a home appreciate by its yearly average of 3-5%, even with mortgage rates going up or down?
Posted on 8/6/22 at 12:37 am to 23parker
quote:
and most houses have been listed for weeks and several have had decreases.
Houses taking weeks/months to sell is normal. What we saw the last 2 years was abnormal.
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