Talk of The Villages Florida - View Single Post - Are New Houses Selling More Than 100 New 4 Sale
Thread: Are New Houses Selling More Than 100 New 4 Sale
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Old 09-03-2023, 09:23 PM
Stu from NYC Stu from NYC is offline
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Originally Posted by JMintzer View Post
Yes, but 7% vs under 3% is keeping many from entering the housing market...

My middle daughter and son in law are currently house hunting. They make a very good income. They are having a hell of a time finding an affordable home. The interest rate difference prices them out of almost everything in the area. With the higher rates, It'll cost close to 50% of their take home pay for the mortgage...
Wow. Makes me wonder how the area they live in can support such high housing costs.