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Real Estate
Reply to "Feels like market is hitting a wall"
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[quote=Anonymous]OP asked about upper NW. My take is that area attracts a lot of move-up buyers with higher dual incomes, and this category of people are increasingly deciding to stay in their current smaller/moderate residence which carries a 3% interest mortgage vs doubling their payment on a spacious upper NW SFH with a 7% mortgage. That plus a good portion of higher dual income families travel in August and don’t want to close/move in September as school starts unless the perfect house pops up.[/quote]
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