There has been a tectonic shift in how people view their real estate. Advancement and ego raged through the last boom, but now the mindset has turned conservative, and many are paring down.
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
In Jan 2021, the 30-yr mortgage rate was 2.65% and average new home price in the US was $401,700.
Today the 30-yr mortgage rate is 5.30% and average new home price is $523,900.
Assuming a 20% down payment, that's an 80% increase in the monthly payment (from $1,294 to $2,327). https://twitter.com/charliebilello/status/1524755634843004930
The 30-year mortgage rate in the US rises to 5.30%, its highest level since 2009 and double the all-time low of 2.65% from last year.
New post (Veranda) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/15/veranda/
New post (The Slow Unwind - Price Reductions) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/13/the-slow-unwind-price-reductions/