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Rates rising limit supply initially. Why sell your house if you just refinanced and locked in a much lower rate than you'd get on a new place.
by purple_ferret 5y ago
Rates rising limit supply initially. Why sell your house if you just refinanced and locked in a much lower rate than you'd get on a new place.
- tmnvix 5y agoDoesn't seem to be the case where I am (NZ). The official cash rate here has gone from 0.25 to 1.00 since August last year. In my city, there are now almost 2-3x times as many residential homes on the market as there were this time last year (when the market was booming). Stock is building up as time-to-sell goes through the roof. Things are getting very interesting.