US home sales fade in June as prices soar to record levels

[Raftergirl]

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

Bought a condo half the size (650 sq feet) in Boston North End for several 100k more but a 5 minute walk from work. Paid 30k under ask. They are very happy. The live style of a 5 minute walk commute is well worth it to them. Their commute before was 1 1/2 hours and they only lived 20 miles away.

They also bought another condo in Boston in 2022 that they rent out and bought a condo in McClean, VA, in 2024, which they also rent (to her brother.)

In a couple of years they want to buy a single family home in Boston and they will keep the North End condo to rent out.

They have been able to put a lot of $$$ down on what they buy so don’t really care about the interest rates and the rent they get cover the mortgages and taxes.

I’m amazed at what they have been able to do at a relatively young age (31, 30) in such expensive RE markets. And they didn’t ask for any help with from us parents.