Quote:
Originally Posted by Normal
As far as cash buyers from out of state, that is what is needed. The real issue is people in other states have to sell their homes in many cases and that is in a market where buyers are paying a 7% mortgage. It’s a buyer’s market in most cases..
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In the North it’s a sellers market because most home owners are sitting on low interest rate loans on homes that have appreciated in value the last few years and with low(or non existent) home inventory it’s a sellers market there. So those people are able to bring cash to a suppliers market here.