More people have mortgages over 6% than under 3% now. In this era of the housing market, those two cohorts will behave very differently!
(still lots of 4- and 5-handles too)
(still lots of 4- and 5-handles too)
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Appraiser POV
@DallasAppraiser
Replying to @mikesimonsen
Those two cohorts also show up in my files differently: the sub-3% owner sells only when life forces it, so the comps get thinner and the few that close carry a lot of weight. Thin data, loud conclusions.
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