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VisualMod t1_j6n4bzr wrote

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1

Timely-Government-84 t1_j6napyx wrote

I get Redfin notifications multiple times per day, every day, letting me know there has been a price decrease on a home I saved.

I open them, look at the estimated monthly payment, and then I promptly close… because the monthly payment is now essentially 2x what it would have been pre-rate hikes.

Real estate is slow to move, but something will give soon.

10

STONKvsTITS t1_j6nbbng wrote

The housing market cools due to high-interest rates on the monthly payment which is unaffordable for people still.

3

rhayhay t1_j6no29t wrote

Oh wow!! ITs CrAsHiNg!!!!!

4

OkGuide6299 t1_j6o2ldz wrote

That'll make up for the 5% interest you're paying now!

2

Adorable_Ad8515 t1_j6otp4y wrote

House literally went up about 50% and now they drop 3%. I’m ready for all the savings. :)

1

renok_archnmy t1_j6owp8w wrote

Median home price in my city is like $1,000,000. So now maybe it’ll be closer to $980,000. Awesome… good thing the median household income is between $50k and $70k.

1

bean_cow t1_j6p8dup wrote

Let it burn

More......MORE.....MOARRR

1