Viewing a single comment thread. View all comments

rogerpadacter t1_j5ut8rq wrote

Right now nobody selling because almost everyone either bought at or refinanced into a 3% mortgage rate. With rates now effectively double that, everyone going to hold onto their house for dear life to avoid having to adjust to the higher rate.

Be patient - it will all come back to earth as the higher rates take their toll and the economy cools

2

Specialist-Ad-5160 t1_j5ygbdl wrote

This! As a developer, investor of a couple houses and growing up in this game. You sir win the internet prize today. This is exactly what the market is right now. OP has to either wait it out or be ready to pull the trigger on a house with good bones before a guy like me comes around. :)

1