Quote:
Originally Posted by Eff-1
We've been looking for a while and it seems any kind of entry-level detached house, no matter how old, sells very fast. The rates haven't necessarily slowed down that segment.
Houses priced at over 2, or say 2.5, are sitting a bit longer.
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To be fair, the people that I know who are paying $1.6 - 2.5M aren't taking out a $7 - 15K/month mortgage.
it's mostly cash offer and 50-75% down hence why the rates don't really matter.