Hey Georgia Girl,
Same here in Athens, GA. The market is crazy. The guy across the street sold his suburban home in less than a week. Prices are way up. But I’m thinking the interest rate knock down the price soon.
I’m not sure it will, at least not yet. People are trying to escape places like DC, NY, etc. Just heard that Federal Government works in DC will NOT be going back to their offices-ever. They will all be allowed to work from home, and that includes working from home in another state. Meetings will be Zoom. I asked what will happen to all of the figure buildings and it is syndicated they will close as they will be mostly empty. These workers will be moving all over the country as not many like DC, it’s very expensive. They can take their Nassim salaries, benefits, and pensions and go somewhere cheap and bank your tax dollars. Uhh.
Most of the time buyers just switch to ARMs when the fixed goes up.