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by mvkel 1585 days ago
Inventory is so low, it's extremely difficult to buy even if you wanted to
2 comments

Roughly, for every extra percentage of interest, your maximum mortage becomes 15% lower.
inventory is building back up at a rapid pace. I see lots of construction everywhere.
It depends on the area, of course, but most of the construction you're seeing is likely already purchased; developments sell well before the shovel hits the ground these days.
I imagine there is a huge backlog after the lumber price spike in 2020 has trickled back down