The housing market just slid into a full-blown correction

greenvale

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Smaller house down the street from me just sold for about 100k over what I paid for mine in May 2022. Doesn't seem to be slowing down. South Jersey for reference.
 

John Mexico

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Rent decrease over 300 dollars in most places in Las Vegas metro.

The single family homes here are a little more bullish, but without the next 4 months the bottom is going to fall out. We are going to have crazy inventory here soon
 

88m3

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88m3

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Rent decrease over 300 dollars in most places in Las Vegas metro.

The single family homes here are a little more bullish, but without the next 4 months the bottom is going to fall out. We are going to have crazy inventory here soon

You decreased the rent on an existing lease or on a new lease because you couldn't get what you wanted?


It's not my market but from what I'd read over the years it was always oversaturated with a lot of cheap construction with a transient population. Nice recipe for a disaster

:manny:
 

mastermind

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Why would I make that up lol? You guys really need to stop reading doomer blogs or whatever. I know some of you guys want the markets to tanks so you buy a home and I get that but lettuce be reality


Doomer?


The fed are raising interest rates.


In the CNN that you proved you didn’t read past the headline:
This data signaled to investors that the Federal Reserve’s rate increasing will taper if inflation continues to slow. Mortgage rates are expected to remain volatile until the Fed’s rate hikes end.

that means they aren’t really dropping, it’s just unpredictable. You came in spiking the ball on the 15 yard line.
 

88m3

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Doomer?


The fed are raising interest rates.


In the CNN that you proved you didn’t read past the headline:


that means they aren’t really dropping, it’s just unpredictable. You came in spiking the ball on the 15 yard line.
:why:

that doesn't matter

mortgage interest rates are decreasing
 

The_Unchosen_One

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Doomer?


The fed are raising interest rates.


In the CNN that you proved you didn’t read past the headline:


that means they aren’t really dropping, it’s just unpredictable. You came in spiking the ball on the 15 yard line.
Came in like Swaggy P :russ:

84871860.gif
 

OfTheCross

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Keeping my overhead low, and my understand high
Pompano/North Broward/South PB area (excluding Boca of course)
My sister's in Davie and her spot is currently around 600k
Dade is out of the question. These Cuban a$$holes want half a mil for a dump in Hialeah so imagine what the rest of Miami goes for
South Broward is hit and miss. I like Hollywood/Pembroke/Miramar but them shyts going to the moon now
:russ:

that's super facts.

shyt's be needing roofs, HVACs, possibly plumbing, and they still want $400k
 

Digital Omen

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:russ:

that's super facts.

shyt's be needing roofs, HVACs, possibly plumbing, and they still want $400k
The worst are the realtors in cahoots trying to pass off a remodeled home (nice open kitchen, quartz countertops, laminate floors, all that pretty shyt)
Then you get a home inspection and it's leaks, faulty plumbing, the illegal efficiency fukkin up the electricity, mold, water damage, and all kinds of critters
FOH
 

OfTheCross

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Keeping my overhead low, and my understand high
The worst are the realtors in cahoots trying to pass off a remodeled home (nice open kitchen, quartz countertops, laminate floors, all that pretty shyt)
Then you get a home inspection and it's leaks, faulty plumbing, the illegal efficiency fukkin up the electricity, mold, water damage, and all kinds of critters
FOH
:mjlol: facts
 

ADevilYouKhow

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