Just a friend lending my ear when they need to vent about their struggles trying to sell this place. I'm a re broker MA and RI.
Property Market is going WILD
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Domingo Halliburton
Handmade in USA
Nice. I actually left what I did in banking and help run a real estate and title company in PA now. I should say Im more on the title side.
Domingo Halliburton
Handmade in USA
You looking at tesla/solar city for the solar panels? They are literally the only company I see doing solar.
Cool, have you noticed any trend changes with closings in the last two months?
Solar City we were looking at
My pops was inquiring about em last year. Just doing homework
Domingo Halliburton
Handmade in USA
Obviously the refi market is dead with higher rates. Not that you would care as a realtor.
Definitely slowed down on the buy side. But not crazy. Where I'm at the government is maybe the biggest employer so there's a lot of stability like there was in 2008.
I still see properties getting the price escalation addendum (or whatever you call it in your state).
The good stuff still sells fast. The bad stuff sits.
Domingo Halliburton
Handmade in USA
Don't give elon musk money . Lol
Same here. That escalation clause is not popping anymore here. Buyers are a little more practical now.
I'm curious to see how long buyers will tolerate prices this level in my area.
Yeah I know what ghosting means, I mean in the context of a seller agent relationship
isnt it the same though?
This has never made sense. Housing markets are not immune to the laws of demand and supply. High housing prices will drive new house construction which drives down house prices (relative to other assets).
It's undeniable that houses are overinflated right now. It makes no sense to rush to buy a house now.
At a certain point consumers just can't afford to buy anymore. I'm priced out for what I was looking for, I'm not just going to pay $200K at 6% more because of supply and demand.
You're not wrong here... but if the gov't wouldnt intervene on companies buying up SFH or foreign nationals buying up stuff, I just don't see them helping out. A crash could happen or more and more people will just continue to be priced out. time will tell
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the heat has gone out of the local market where I am (now) in Germany too. pandemic, IRs, job insecurity/recession and affordability issues anyway finally kicking in.
it's very different to two years ago.
it's very different to two years ago.