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Raftergirl

(1,759 posts)

7. Obviously antidotal, and specific to my town, but houses are being snapped up in days of going on the market,

Reply to BumRushDaShow (Original post)

Mon Nov 3, 2025, 01:14 PM

Nov 3

and for well over ask. A lot of young families are moving in. It’s all about the school district. I could sell my house in a minute, but I’m sitting on a 2.375% mortgage rate and my mortgage is $800/ month. We have hundreds of thousands dollars of equity and I certainly don’t want to waste it on a house not nearly as nice as mine. We also are in a ranch and can age in place, so no need to downsize.

There is very little available land to build new housing here (a new street goes in every so often, with maybe a dozen houses) or on a double lot that owners sold, so existing stock is basically what is selling.

As soon as houses are closed on, I see dumpsters in the driveway and remodeling beginning.

This is in an upper middle class suburb.