Long-Term Thinking

by Jim the Realtor | Apr 30, 2014 | Bubbleinfo TV | 1 comment

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.

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Jiji on May 1, 2014 at 5:51 am

So if he sells it for 8-Million. Just kidding sort of

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Jim Klinge

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Charlie Bilello@charliebilello·

13h

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

Charlie Bilello@charliebilello

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.

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Bubbleinfo.com @Bubbleinfo·

18h

New post (Veranda) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/15/veranda/

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13 May

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/

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Long-Term Thinking

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Jim Klinge

Klinge Realty Group

Broker-Associate, Compass

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