Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F...
by jeffbee on Wednesday November 16, 2022 @10:36AM
(#33624814)
It's the difference between a $250k and a $200k down payment. That said, shelter costs have more than doubled in real dollars over the last 25 years in my location, so 20% off the sticker price would only be a good start, not a good final state.
The most recent sale of a home near me was a completely unremarkable 100-year-old detached house for $2.6 million. This market has a lot of cooling it still needs to do.
The most recent sale of a home near me was a completely unremarkable 100-year-old detached house for $2.6 million. This market has a lot of cooling it still needs to do.