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Real Estate
Reply to "With interest rates and prices high, Americans are postponing their home searches by years, not months..."
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[quote=Anonymous]40 percent of homes have zero mortgage on the United States. So what is their reason for not moving? And home prices really only shot up the last three to ten years. My section very few homes turn over and even the 60 percent with mortgages most of my neighbors have smaller mortgages. I myself am down to $385k on a $1.5 million home. Only people trapped by rates are 20-22 peak buyers with little down who locked in generational low rates. My neighbor who bought a fixer upper my block in 2016 is hardly locked in. Already paid 8 years of mortgage and bought it cheap, [/quote]
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