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Message Subject
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Sales of existing homes fall for 11th consecutive month
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Anonymous Coward |
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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.
Quoting: Anonymous Coward 20521666 The struggle is real right now, holding pattern is a wise choice in this weird ass home sale climate.
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