Below is the infographic summarizing condo sales in Butler, Clermont, Hamilton, and Warren counties through the end of May 2023:
Single-family homes in Butler, Clermont, Hamilton, and Warren counties infographic:
The talking heads are blaming interest rates, lack of new homes, boomers, and millennials for market conditions. The reality is we couldn’t sustain the craziness forever. Boomers have the right to be concerned about moving from no or low mortgage rates to higher interest rates.
Millennials are stunned by higher rates without realizing they were artificially low for many years. Some of their grandparents and parents were happy to get a mortgage rate between 9% and 18%. And I don’t think we’ll see 4% rates anytime soon. I expect a lot more millennials to hit the market as soon as they figure out the cost of renting.