Anyone watching the housing market?

[Geek Nasty]

A lot of houses in my market getting dumped lately and some of them look like theyve been vacant. Wondering if this is coincidence or the market is finally collapsing.

I watch Melody Wrights channel shes been saying low inventory is a lie. And private equity is having to dump inventory now.

 

[88m3]

Did you ask Trump?

 

[Json]

Probably realizing interest rates aren’t going down anytime soon.

They are probably buying up apartments over homes though

 

[CrimsonTider]

A lot of houses in my market getting dumped lately and some of them look like theyve been vacant. Wondering if this is coincidence or the market is finally collapsing.

I watch Melody Wrights channel shes been saying low inventory is a lie. And private equity is having to dump inventory now.

There will be no collapse

 

[ORDER_66]

the market has to collapse everything too expensive out here...

 

[DonB90]

Market ain't gonna collapse but it is correctinf itself

 

[yung Herbie Hancock]

You wont see these prices "collapse" ever again. That's thanks to the immigration system (which will expand soon). We're heading towards Canada stutus in regards to the housing market.

 

[Geek Nasty]

People always say prices never go down but they're going down now. And they did after the GFC too. Only question is if its a correction or implosion

 

[Geek Nasty]

Probably realizing interest rates aren’t going down anytime soon.

They are probably buying up apartments over homes though

Wall street is trying to talk the Fed into a rate cut by constantly spamming their predictions. They were saying 7 cuts in Jan. Then if the market takes because they dont they point fingers. But Powell hasnt been influenced so far

People arent buying because of prices not rates.

 

[rightfultoefinger]

People always say prices never go down but they're going down now. And they did after the GFC too. Only question is if its a correction or implosion

Maybe where you are but where I live prices aren’t going down at all. I live by the beach somewhere in San Diego and average houses prices are 1.5 million. They have been slowly going up.

 

[Geek Nasty]

They just dropped the price on this shythole house $225k. Honestly I think they kept it high this long to affect the rest of the market.

22922 Bedford Rd, Spring Hill, KS 66083 | MLS #2478160 | Zillow

This 3005 square feet Single Family home has 4 bedrooms and 4 bathrooms. It is located at 22922 Bedford Rd, Spring Hill, KS.

www.zillow.com

 

[Geek Nasty]

I've been seeing all kinds of price drops in my filter last few months. Just saw a house close to what I'm looking for $65K below budget, just a little further out than I like.

I'm seeing some huge car price drops now too. Might be the beginning of the Big Adjustment. And, don't assume rates will get cut at the next meeting. I hate to be greedy, but I'm going to watch the market for a month or so more...

 

[88m3]

I've been seeing all kinds of price drops in my filter last few months. Just saw a house close to what I'm looking for $65K below budget, just a little further out than I like.

I'm seeing some huge car price drops now too. Might be the beginning of the Big Adjustment. And, don't assume rates will get cut at the next meeting. I hate to be greedy, but I'm going to watch the market for a month or so more...

gotta remember everything is market dependent but it is also approaching fall when everything gets price cuts

at the end of the day is the supply there?

are places just sitting on the market for months without selling and or price cuts?

are places selling at ask?

 

[Loose]

I've been seeing all kinds of price drops in my filter last few months. Just saw a house close to what I'm looking for $65K below budget, just a little further out than I like.

I'm seeing some huge car price drops now too. Might be the beginning of the Big Adjustment. And, don't assume rates will get cut at the next meeting. I hate to be greedy, but I'm going to watch the market for a month or so more...

Rates will be down in the 5s by next fall, with rates going down demand will climb. Now is probably the best time to buy in the fall. People looking for some big bottom out is going to upset considering we have a supply problem in the housing market.

 

[Geek Nasty]

Rates will be down in the 5s by next fall, with rates going down demand will climb. Now is probably the best time to buy in the fall. People looking for some big bottom out is going to upset considering we have a supply problem in the housing market.

Rates are already down in the 5s, I see ads for 5.5. I also don’t believe supply is tight. We already have evidence of the industry gaming real estate algorithms; hiding properties from MLS, using buydowns to keep list prices high, etc.