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Real Estate
Reply to "Why aren't DC homes selling???"
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[quote=Anonymous][quote=Anonymous]My house I paid $1,325,000 in 2017 at 3.65 percent mortgage. My neighbor listed similar home a few months for $1,795,000 and with 7 percent mortgages it is harder to find buyers. Even if someone put down $500,000 that is still a huge mortgage payment. And don't forget property tax and homeowners insurance plus home repairs have shot up since 2019. When I bought my house in 2019 getting floors sandy, painting the regular things you do when buying a house was like 1/2 the price of 2024. Amazing how much costs went up. [/quote] Is your neighbors home recently renovated or is it about the same age as yours?[/quote]
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