We just purchased our 53rd house yesterday…
Purchase price was $220,000, we expect to put about $50,000 into a full cosmetic rehab, and then expect to resell for about $360,000.
At first, it sounds pretty simple right?
It makes logical sense that as interest rate goes lower, the housing prices will go higher. But like many things in life, this concept is not really cut and dry. So let’s dig a little deeper and see what we can find.
What drives housing prices? Theoretically it is supply and demand that drives a market price on a house…