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re: New Single Family homes listed for sale hits highest level since 2008
Posted on 4/25/24 at 8:46 am to stout
Posted on 4/25/24 at 8:46 am to stout
quote:
People need all of the equity they can get to afford their next purchase so they are holding on.
Exactly my case.
Built my current home in 2017 and have a 3.2% mortgage. In 2022, I purchased a lot to build what I consider to be my last home.
The lot is paid for and the budget to build will be the proceeds from the sale of my current home. My goal is to have my principal and note on the new home to be about what I have right now.
I'm waiting it out until the following happens:
- substantial drop in interest rates. (4-5% range)
- substantial drop in material cost
1
Posted on 4/25/24 at 10:50 am to Supermoto Tiger
quote:
I'm waiting it out until the following happens:
- substantial drop in interest rates.
(4-5% range)
- substantial drop in material cost
So 25 years
This post was edited on 4/25/24 at 10:51 am
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