Quote:
Originally Posted by tophcfa
All are certainly reasonable reasons to explain the housing turnover, but I suspect the #1 reason the newer homes are reselling in such a short time frame is because real estate speculation investors are flipping for a profit. Smart investors will take the profit and move on, especially with interest rates continuing upward and inflation casting a dark cloud over the economy.
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Could be, the people we talked with in marsh bend were not for financial gains. . .
but I will say that with all the large price increases, anyone who paid their bond off early got their money back with the increase in the house price.