Home prices are rapidly falling in my area after several years of out of control growth. The real problem is interest rates, which add hundreds of dollars per month to mortgage payments for the same home price. Fortunately interest rates are temporary and are starting to go down too.
Austin, TX. Prices here more than doubled from 2019-2023, but have been falling for well over a year now. A ton of new homes and apartments are still hitting the market too, so I doubt we’ve hit the bottom.
I just looked on Zillow at house prices in Vermont and there are some fucking good deals, but not in the really desirable areas like where you probably want to live
You need to be in vermont to understand how feasible these places are. The work required for any deals is usually major and getting the labor to do it is a long waiting list.
Home prices are rapidly falling in my area after several years of out of control growth. The real problem is interest rates, which add hundreds of dollars per month to mortgage payments for the same home price. Fortunately interest rates are temporary and are starting to go down too.
Where are you? In vermont prices just go up and up. I don’t even pay attention to interest rates as the prices are far beyond what I’m capable of.
Austin, TX. Prices here more than doubled from 2019-2023, but have been falling for well over a year now. A ton of new homes and apartments are still hitting the market too, so I doubt we’ve hit the bottom.
They built housing and aren’t a retirement home for rich boomers who like to ski and golf.
I just looked on Zillow at house prices in Vermont and there are some fucking good deals, but not in the really desirable areas like where you probably want to live
They’re likely not good deals. They just look good to out of state money.
I’m seeing huge fixer uppers on 2+ acres for sub $250K well outside the main population centers
You need to be in vermont to understand how feasible these places are. The work required for any deals is usually major and getting the labor to do it is a long waiting list.