this post was submitted on 28 Nov 2024
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Really depends on your market. New homes on my street in Houston are selling for twice what they went for before the pandemic. If you're in a hotter market, on the East or West Coast, prices are higher.
And the jump from 3% interest to 6-7% interest following the pandemic raised monthly mortgage rates around another 1.5-2x (since taxes and interest are the lion's share of the cost).
95% is the national average and a good chunk of that was getting better. We'll see what Trump does ๐