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Sales of existing homes fall for 11th consecutive month
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 20521666:MV81MzQyNzUzXzk4NTg1NTIzXzkwNDNDMUIy] [quote:Anonymous Coward 85021416:MV81MzQyNzUzXzk4NTg0MzEyXzcwNThCOTMw] [quote:Anonymous Coward 20521666:MV81MzQyNzUzXzk4NTgxMjEzXzMxNDMxM0Ez] About 2 years ago the wife and I started scoping out homes in Florida. At that point, we could get the same house (specs) in Florida as we have here in Indiana for the same price & payment. We had a time line of May 2023 to put our house up for sale. If we put our home up for sale in May we will still make a hefty profit. The market here in my county has not changed much, our profit margin has only changed about 3% since the fed began raising the rates. It's still a buyers market here as well. The problem is we can't get the same house for the same price anymore and even if we found a diamond in the rough, the high interest, payment and payoff has priced us out of the market. For the same payment we have here, we would have to look at mobile homes in Florida! We're in a holding pattern. [/quote] Honestly, I’d recommend you look outside of Fl; Alabama, South/North Car, unless you’re willing to fix up Hurricane damage or live in the middle of nowhere I don’t think Fl is gonna drop for a while. [/quote] I wish that was a option, but we have family that has retired there and we are retiring as well. Just want to be close to family. [/quote]
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Sales of existing homes fall for 11th consecutive month
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