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Raftergirl

(1,692 posts)

2. Homes in my town sell in a day or two and for very high prices because there are so few on the market and

Wed Jul 23, 2025, 02:37 PM

Jul 23

no land to build new homes. People want to be in our school district and they don’t care what it costs. But the vast majority of us are sitting on extremely low mortgage interest rates and so not putting their homes up for sale. I could put my home in the market right now, and it would be sold by tomorrow. But, I can’t go anywhere for the $800/mortgage I pay. Not even a crappy studio apartment would be that cheap. I also have the luxury of not having to downsize, because I never upsized.

Ever since interest rates rose, hardly anyone is selling here.

A lot of remodeling going on though, even more than usual.

I do know there are many markets around the country with a glut of houses on the market (like Florida) that aren’t selling at all.

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Marthe48

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Highlight:

US home sales fade in June as prices soar to record levels [View all] ImNotGod Jul 23 OP

This article should be considered part and parcel of this same story AZJonnie Jul 23 #1

What do you say/do Oeditpus Rex Jul 23 #3

I usually talk to them because I tend to answer the phone AZJonnie Jul 23 #4

Homes in my town sell in a day or two and for very high prices because there are so few on the market and Raftergirl Jul 23 #2

I feel you on the cost situation AZJonnie Jul 23 #5

My kids sold their townhouse outside Boston in February. Got $50k over ask.Made $80k. Bought in 2021. Raftergirl Jul 23 #6