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Reply to "When do you think housing prices will drop (or never)?"
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[quote=Anonymous]Supply is still far out stripped by demand. It doesn’t help that current owners bought or refinanced at the lowest interest rates in American history. That makes people hold on to properties instead of trading up or liquidating. I refinanced $750K at 2.75% in 2021. We might leave DC, but I ain’t ever selling this property at that rate. It’s basically free money and I can find a tenant to pay off this mortgage. If we want to buy another home, we will just wait until we have another downpayment and use leverage. I really don’t see things going, except in maybe 2nd home markets and Florida (where prices basically doubled). [/quote]
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