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Originally Posted by DebMil

Let's hope it doesn't go that low as even the newer patio homes will lose money. We need a bit bigger home and I see the home prices dropping like crazy..in most cases, the over 55 buyer used to pay cash up to say 400k. So interest rates should not be affecting sales, but it seems to be..

Would you consider renting a home here and selling your existing home before the bottom of the market? There are options to circumvent realtor fees and charge a competitive/aggressive price for faster liquidation.

400k is a lot of money to many people. The market in a home state is affected by interest rates. People aren’t selling right now because their home values have dropped in most places. Buying a home in many cases is contingent on selling the previous dwelling.

I certainly hope you find your ideal situation and get the home you wish for. There is the possibility of a blip in interest rates if the FED makes an announcement to hold rates or lower them.