spin_dry Posted July 26, 2022 Share Posted July 26, 2022 Gonna just wait this out in my van down by the river!! https://nypost.com/2022/07/26/us-home-prices-to-plunge-substantially-on-cratering-demand/ Quote Link to comment Share on other sites More sharing options...
smokin george Posted July 26, 2022 Share Posted July 26, 2022 5 minutes ago, spin_dry said: Gonna just wait this out in my van down by the river!! https://nypost.com/2022/07/26/us-home-prices-to-plunge-substantially-on-cratering-demand/ Move to high ground with the seas and rivers rising you don't want to get wet lol. 4 Quote Link to comment Share on other sites More sharing options...
1jkw Posted July 26, 2022 Share Posted July 26, 2022 My Niece just sold her house in 2 days for$1000.00 below asking price, that was $25,000 more than they would have been willing to take. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted July 26, 2022 Share Posted July 26, 2022 Not by me. Still selling them faster than they can put them in the ground. But that is mostly thanks to Illinois Quote Link to comment Share on other sites More sharing options...
smokin george Posted July 26, 2022 Share Posted July 26, 2022 Our house is still on the market and only lookyloos coming to view it. We aren't giving it away and will keep it listed for the length of the realtors contract. It's a hard sell due to location as not everyone wants to be rural like us. Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 27, 2022 Share Posted July 27, 2022 we are still red hot. 100 miles north of nyc, we got bombarded. there is no land or houses left. i could sell my house probably in a day. no kidding. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted July 27, 2022 Platinum Contributing Member Share Posted July 27, 2022 1 hour ago, sleepybrew said: we are still red hot. 100 miles north of nyc, we got bombarded. there is no land or houses left. i could sell my house probably in a day. no kidding. Red hot here as well......realtor is almost begging me to list mjne. He said there would be a bidding war even at the outrageous price he told me he would list it for......unreal....city folks working from home since covid still looking for more rural areas nearby with some property. Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 27, 2022 Share Posted July 27, 2022 Where I’m looking things are sitting a bit longer but the prices are still really high. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 27, 2022 Share Posted July 27, 2022 Neighbors house was listed for 750K. They said no offers taken till Saturdays open house. I told my wife it’s overpriced. It was sold on Monday for 845K and this was 10 days ago. Its fuckin nuts still. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 27, 2022 Share Posted July 27, 2022 Inventory is still low...housing starts are low...more buyers than sellers at least for now. I see a normalization rather than a crash. Gone are the days of 20 offers and no inspections. Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted July 27, 2022 Gold Member Share Posted July 27, 2022 Nuts in my area of CT as well. Seen most Houses in my town sell in 2 weeks or less for over asking price. Be awhile before it slows down here Quote Link to comment Share on other sites More sharing options...
snoughnut Posted July 27, 2022 Share Posted July 27, 2022 9 hours ago, Mainecat said: Neighbors house was listed for 750K. They said no offers taken till Saturdays open house. I told my wife it’s overpriced. It was sold on Monday for 845K and this was 10 days ago. Its fuckin nuts still. As usual, you were dead wrong, no surprise. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 27, 2022 Platinum Contributing Member Share Posted July 27, 2022 (edited) Location, location, location. Some area's will hold prices better than others just like in 08. Your mortgage buying at lower prices/higher interest rates might be similar but you will have more equity in with the same down payment. Edited July 27, 2022 by Highmark Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted July 27, 2022 Share Posted July 27, 2022 South of the Twin Cities has definitely slowed, but certainly not stopped. New houses are still going up, and always will. Just talked to my pool builder riding buddy and he has had some cancellations in the last couple weeks. Pretty rare to talk to him mid-summer, but he says its ok yet, just about right in his opinion, not CRAZY like it was the last two years. Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted July 27, 2022 Share Posted July 27, 2022 By me in an exodus state things have normalized. I would say my town has a few houses that have been on the market longer than 10 minutes like it has been for more than a year. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 27, 2022 Share Posted July 27, 2022 9 minutes ago, Mag6240 said: South of the Twin Cities has definitely slowed, but certainly not stopped. New houses are still going up, and always will. Just talked to my pool builder riding buddy and he has had some cancellations in the last couple weeks. Pretty rare to talk to him mid-summer, but he says its ok yet, just about right in his opinion, not CRAZY like it was the last two years. Our market is still pretty strong. Houses are selling in about 15 days. Inventory of starter homes is down though. 30 year is running about 5.5% right now. Really pushed up the payment in the last 6 months. Lots of financing is falling through right now, especially on new builds. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 27, 2022 Share Posted July 27, 2022 54 minutes ago, snoughnut said: As usual, you were dead wrong, no surprise. Continuing to be an asshole……..reach for the sky eh bub? Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted July 27, 2022 Gold Member Share Posted July 27, 2022 1 hour ago, snoughnut said: As usual, you were dead wrong, no surprise. jealousy is a bitch Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 27, 2022 Platinum Contributing Member Share Posted July 27, 2022 Buddy of mine just got his Lanai and pool done this week on his new build down in Florida. Says it's still a hot market there Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 27, 2022 Share Posted July 27, 2022 3 hours ago, EvilBird said: jealousy is a bitch The follower speaks. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 27, 2022 Author Share Posted July 27, 2022 Like the article says, prices will remain high as long people have money. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 27, 2022 Share Posted July 27, 2022 47 minutes ago, Skidooski said: Buddy of mine just got his Lanai and pool done this week on his new build down in Florida. Says it's still a hot market there Sure, but Florida is the exception not the norm and the market isn't as hot as it was 3 months ago. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 27, 2022 Share Posted July 27, 2022 10 minutes ago, spin_dry said: Like the article says, prices will remain high as long people have money. People with money aren't as stupid as the ones filled with debt or live in a van down by the river. They will hold out for as long as they wish. The world is their oyster. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 27, 2022 Author Share Posted July 27, 2022 5 minutes ago, ArcticCrusher said: People with money aren't as stupid as the ones filled with debt or live in a van down by the river. They will hold out for as long as they wish. The world is their oyster. Quote Link to comment Share on other sites More sharing options...
Bontz Posted July 27, 2022 Share Posted July 27, 2022 Thpin was viciously slapping the pud as he read that article, being ever so thankful he doesn't own a home any longer. What a putz Me thinks someone is mad at themselves for getting out of their old property before taking advantage of an unprecedented seller's market. 1 Quote Link to comment Share on other sites More sharing options...
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