Yep. Here, too! Housing prices doubled. Taxes of course doubled. Now prices are coming down if anyone actually wants to sell but they start out at the already inflated price and then drop 10-20k but nobody wants to pay double AND pay high interest. The only houses selling now are the ones that are obviously cheaper or works of art!
During Covid and the ability to work from home, many tried to move to rural areas. Dumps in my town sold 3x, 4x higher.
One also has to consider that the value of the dollar plummeted, so 2x higher prices for everything seems standard.
Forcing people back in office will lower prices in rural areas.
Yep. Here, too! Housing prices doubled. Taxes of course doubled. Now prices are coming down if anyone actually wants to sell but they start out at the already inflated price and then drop 10-20k but nobody wants to pay double AND pay high interest. The only houses selling now are the ones that are obviously cheaper or works of art!