• vector_zero@lemmy.world
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    1 year ago

    It’s a few things, at least in my experience house hunting.

    • High prices

    • High interest rates

    • Limited availability due to people being locked into low-rate mortgages

    Those three items, in combination, are a death sentence for anyone wanting to enter the market. Hell, my 800 sq ft condo is going for over 650k now, which is a great litmus test for how absurd prices are right now in my area.