3 ms·
The Midwest homes going up is driven at least a bit by fundamentals. Decent cities in the MW are collecting exodus from NYC, SF, etc. and those people are all p
by api 6y ago
The Midwest homes going up is driven at least a bit by fundamentals. Decent cities in the MW are collecting exodus from NYC, SF, etc. and those people are all paying list or above due to reverse sticker shock. You can get a palace in Indiana, Ohio, etc. for the cost of a mediocre apartment in those places, and now that we are actually using this communication system we built why not?
But other than that... yes there is a lot of pumping, and I don’t see it stopping any time soon. Their hands are tied.
- Fjolsvith 6y agoNot to mention low interest rates. Stupid not to refi when the tax break will cover the interest. And if you're going to refi, why not upgrade?
- 1996 6y agoIt's 13% nationwide. Some markets may be taking a dive to the exodus, but >10% can't just be explained by interest rates. > I don’t see it stopping any time soon. Their hands are tied. Yes, we're in for a ride, and it will get bloody.
- rdtwo 6y agoAbsolutely driven by fundamentals. We lost almost 25% off long term rates if houses are fixed at monthly payments then price has a ways to go to equalize.