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re: Homes bought in 2022 and 2023 are starting to hit the market
Posted on 3/3/26 at 5:53 pm to hawkeye007
Posted on 3/3/26 at 5:53 pm to hawkeye007
quote:
With the economy faltering in certain sectors the market will correct itself soon n house prices.
Yep, some of the AI-related layoffs are going to feed this. Sucks for folks who are stuck and then got laid off.
Posted on 3/3/26 at 5:54 pm to boogiewoogie1978
Bought ours in 2020 and it's increased in value by about 150K since we bought (not including upgrades we've done in/on the house itself). That said, we have an under 3% mortgage rate. And houses are still wildly overpriced in our area. So no real incentive to move just yet.
Posted on 3/3/26 at 6:40 pm to NC_Tigah
quote:
Indeed.
I say that as a 2024 buyer, which is up there too.
Same. Closed in Jan 24.
Posted on 3/3/26 at 6:45 pm to boogiewoogie1978
2.8% jumbo. Only way I am leaving is feet first
Posted on 3/3/26 at 6:49 pm to LanierSpots
quote:i'm not specifically saying this about you, but maybe this is a good thing if a lot of people feel this way.americans, especially more upper middle class americans, have become far too mobile. boomers sort of kicked it off and their kids took it to a new level.
As of now, I have zero thoughts of moving for a long time.
Posted on 3/3/26 at 6:50 pm to MSTiger33
I have a 2.25% mortgage, but am building another home, so I will lose it when I sell. But, new home will have no mortgage.
Posted on 3/3/26 at 6:51 pm to boogiewoogie1978
Bought a new build in October 2020 and paid exactly what we were willing to spend and pretty checked most boxes. Financed at 2.49% after selling our old house ourselves and our buyer didn’t use a realtor either so we saved a chunk in that regard as well. We were fortunate and Everything just kinda worked out very well. Could like sell our house now for $120-150 more than what we paid but it wouldn’t do us any good as all the comps are that price now and the rates are more than double. We’re happy where we are though and the house won’t be too big once the kids are gone, which will be a while. I feel for some of these homeowners getting squeezed. Can be a very stressful situation.
Posted on 3/3/26 at 6:54 pm to boogiewoogie1978
Want to move but don't want to lose the rate check-in crew right here.
Posted on 3/3/26 at 6:54 pm to WarBoudin
quote:
I bought a place in NY in 2021 for about 300k over its value and I’ve regretted it since it’s small at 900 square feet. Been absolute hell trying to sell it now but the rate was good at 3.9%.
Holy shite
Posted on 3/3/26 at 7:14 pm to kywildcatfanone
quote:
I have a 2.25% mortgage, but am building another home, so I will lose it when I sell.
Have you considered renting it? That way you could keep that sweet mortgage and make money off of it.
Posted on 3/3/26 at 7:18 pm to Sharlo
History tells us only way to drive down homes and interest rate is a recession.
Posted on 3/3/26 at 7:21 pm to boogiewoogie1978
Depends on where you’re at. We bought our current house in the summer of 22 and a house on our street sold recently at double the price per square feet
Posted on 3/3/26 at 7:25 pm to GreatLakesTiger24
quote:
i'm not specifically saying this about you, but maybe this is a good thing if a lot of people feel this way.americans, especially more upper middle class americans, have become far too mobile. boomers sort of kicked it off and their kids took it to a new level.
Yea, Im 59 years old and this is the 4th house I have lived in since I was born. Two before I was 20, second one since
Posted on 3/3/26 at 8:38 pm to Chromdome35
quote:
You can pry my 3% mortgage from my cold, dead fingers
2.35% on a 15 year mortgage.
I aint going anywhere!
Posted on 3/3/26 at 9:18 pm to WillFerrellisking
See quite a few in Rutherford and Wilson co
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