3 ms·
Yeah, with the caveat that '18 and '19 inventory was AWFUL. My friend purchased a house in '17, and I - in '18, and we both to increase our budgets by ~15-20% i
by antisthenes 4y ago
Yeah, with the caveat that '18 and '19 inventory was AWFUL. My friend purchased a house in '17, and I - in '18, and we both to increase our budgets by ~15-20% in order to be able to afford _any_ house that didn't look like an environmental disaster.
Even then, these were 70 year old starter homes.
Basically - if you live in a desirable area, don't expect housing prices to reflect a 35% drop off of the interest rates increasing. Expect to pay roughly 2018-2019 prices, maybe even with 5-10% on top, adjusting for inflation.