Home inspector Matthew Steger of WIN Home Inspection Elizabethtown in Pennsylvania remembers when he bought his first house in 1998. The interest rate was 7%—the same as when we wrote this article. But the property? The value has more than doubled the price he paid. While many homeowners jump for joy when their properties appreciate, Steger is less enthusiastic. With climbing sticker prices, he’s seeing less real estate transactions, which means less home inspections for his business. In fact, the number of inspections Steger’s performing has dropped 60% since 2019. “Sellers don’t want ...
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