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
The lock-in split shows up in my work as two different sellers: the 3% owner who needs a reason to list, and the 6% owner who already priced in the pain. Same street, very different concession tolerance.
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