Ya, its still inflated here due to outside demand, but keep in mind that both local buyers and those in blue states cashing out will still find it increasingly difficult to find buyers for their homes as mortgage rates and qualifications rise. Already here near Chatt. prices are falling. The median price is climbing beyond that which regular wage earners can afford. Starter homes are becoming not only more expensive, but crappier and crappier in worst neighborhoods for which one pays with blood sweat and tears, Its just not going to be worth it for most folks.

What goes up must come down…keep building, when I move there in a few years it will be a buyers market!

@Bjamin9891

2 ай бұрын

It’s tough to predict man. Moved from NY/DC to Johnson city bought a townhouse cash for 250ish. Really cheap for us. My family became online workers so why not. We are a part of the 2020’s new carpetbaggers invading the southern states. Truth be told we are more conservative than most of the people I have met here. Anyways….. Hundreds of thousands of families are leaving NY NJ DC NOVA FL CA and CO and moving to multiple places one being TN. All you need is a fraction of them to buy in your neighborhood to sustain the insane prices we see today. This is why we bought a home wayyy below what we could afford to test the area and well we love it. So we will be looking to get a forever home in a few years like yourself. Supply is still tight and I don’t see it relaxing over the next two years. On the other hand you look at consumer debt average home costs and household savings and realized this isn’t sustainable. I believe 50% of the work from home crowd will have to get a new job and move back to city’s where apartments will be cheaper because of the upcoming supply dump ( largest delivery of apartments ever) and this will add to rural supply. I think rates will be higher for long with persistent inflation. Who knows I’m just studying my area and building more cash reserves

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