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I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end.

Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy.

Just curious what you've seen in your areas, if any of you are watching the market.

I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end. Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy. Just curious what you've seen in your areas, if any of you are watching the market.

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[–] 1 pt

Inventory is low nationwide because of the crazy low interest rates.

With interest rates at 2% everyone in the suburbs is remortgaging, so are disinclined to move. This is also pumping even more cash into the economy (as people are releasing equity during the remortage).

I expect there will be a combination of a housing price slump and serious inflation soon. I'm seeing generally garbage on the market here for 20-30% higher than it was at pre covid. We could make out very well selling g our house but for what, there's nothing decent out there to buy.