06-27-2022, 07:54 PM
(06-27-2022, 05:36 PM)Sociopathicsteelerfan Wrote: I bought my house for $492k in June 0f '20. This was under market value because the owners had done zero maintenance on the house. The place next door to me, which has a smaller floorplan, just sold last month for $805k. I don't expect it to stay that high, and I don't care if it does as I'm not getting a HELOC or anything.
We bought at $199k in 9/20. We did a cash-out refi in 11/21 based on appraised value of $470k (figured it might be a good time to pull the equity and stash it with rate hikes on the horizon). The few local sales of similar homes are now sort of stalled around $530K. I suspect they will be going down from here. It's not reasonable or affordable for the area.