Yesterday, 04:07 AM
(02-07-2022, 11:21 AM)rwe2156 Wrote: Talked to a couple different real estate agents who are clients of mine. They both said the market is still crazy (FL) mostly driven by blue state ex pats or retirees. Homes that sold for 180K just a couple years ago are upwards of 300.
$160+/sf new construction costs.
I know a couple contractors, they are both busier than ever.
We have no plans to sell, but if we did, the double edge sword is unless you have a second home, you have to buy something at inflated prices (or severely downsize).
Contractors have slowed down a lot here with the interest rates up. The home builders are busy but land prices and interest rates are slowing new construction. I couldn't imagine a house as low as 300k but they do exist in Baltimore. It won't be a safe area. New home prices here are starting in the $315 sq ft range and this isn't a ritzy area. Much higher closer to DC. It's all relative. But still a lot cheaper than where I grew up. The places we'd consider retiring have gone up even more.