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It’s not like sales are low because nobody is buying – nobody is selling either!
Rates are too high and prices are even more inflated. I’ve been trying to find somewhere to move but the properties actually available to buy right now are just pathetic – both in quantity and quality.
In 1989 I bought a house and paid 2 “points” (2% of the loan amount) to get a 16% interest rate. The last decade or so where interest rates have been 3% (See the movie, “It’s a Wonderful Life) has been very strange with money being so low cost, so strange that the 2008 mortgage crisis spurred a world wide recession.
Great time to buy and offer really low.