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Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous]Same here, I cannot afford to move. But this is area specific. All these articles are moot and don't describe situations in different metro areas. DC metro had been expensive for a while and didn't see crazy speculator activity with ppl buying airbnb suburban homes with low rates to make a quick buck. There will be a glut of these homes in the Sunbelt, so their situation would be different. There might be a lot of moving around there. DCUM will still have homes for sale, as sometimes people do need to move or get into money and can afford to upgrade, or must downgrade. Inventory won't be significant, so prices will not likely go down. RE investment properties will probably see more turnaround as people will trade for tax reasons [b]when depreciation expires[/b] or if they overextended themselves and can't break even.[/quote] Could you pls elaborate on this?[/quote]
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