The housing market just slid into a full-blown correction

[ADevilYouKhow]

It’s regional I guess, we’re sitting price drops in KC

It’s fall going into winter the prices always drop then especially if they’ve sat, interest rates have also increased which makes financing more difficult and can lead to price cuts, and any corrections will be market specific

 

[dora_da_destroyer]

30 yr topped 7%, miss me with where mortgage rates topped out 20-40 years ago, the starting prices were no where near as high relative to the average income. shyt aint fair

 

[JLova]

Yall don't even want to know how bad it is in Canada...Ontario specifically. Lawd have mercy...this is our 2008 crash.

 

[Geek Nasty]

It’s fall going into winter the prices always drop then especially if they’ve sat, interest rates have also increased which makes financing more difficult and can lead to price cuts, and any corrections will be market specific

Check my other posts I've been seeing drops for a while

 

[mastermind]

KB Home orders plunge amid 'challenging' environment

KB Home reported a sharp decrease in net orders in the last quarter of the year as the housing market bears the brunt of the Fed's interest rate hikes.

finance.yahoo.com

The company reported a backlog of over 7,600 homes valued about $3.7 billion, a 27% drop in units and a 25% drop in value compared to the same quarter last year.

In the fourth quarter, the company's net orders totaled 692 home, down 80% from 3,529 in the same quarter last year. Gross orders for the company fell 47% during the quarter, and cancellation rates as a percentage of gross orders totaled 68% compared to 13% a year ago.

 

[OfTheCross]

KB Home orders plunge amid 'challenging' environment

KB Home reported a sharp decrease in net orders in the last quarter of the year as the housing market bears the brunt of the Fed's interest rate hikes.

finance.yahoo.com

 

[Digital Omen]

South Florida always in high demand. No signs of impending doom here due to Noo Yawkers, Russian and Latin money launderers, OF hoes, and crypto bros scamming

My FICO at 765, 6 fig/6 certs, and I got quoted 5 % interest on a 450k
I'ma take it

 

[The_Unchosen_One]

Wish I could refinance but not giving up my 2.25%

 

[Bboystyle]

I really need to consider leaving shytty overpriced California.

 

[Geek Nasty]

Shyt got horrible in KC. Within about a month everything got bought up on my watchlist. No inventory and high prices. I thought things were going to get better too

 

[Geek Nasty]

Wish I could refinance but not giving up my 2.25%

Probably a part of why inventory is so bad. I wouldnt move out either.

 

[OfTheCross]

South Florida always in high demand. No signs of impending doom here due to Noo Yawkers, Russian and Latin money launderers, OF hoes, and crypto bros scamming

My FICO at 765, 6 fig/6 certs, and I got quoted 5 % interest on a 450k
I'ma take it

what area are you looking at? 450 sounds like a good deal for down here.

The house across from mine is a 2/1 and just sold for that.

Mr bro looking up in Davie/Cooper City/SW Ranches and it's $1M and up

 

[Digital Omen]

what area are you looking at? 450 sounds like a good deal for down here.

The house across from mine is a 2/1 and just sold for that.

Mr bro looking up in Davie/Cooper City/SW Ranches and it's $1M and up

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

 

[The_Unchosen_One]

Shyt got horrible in KC. Within about a month everything got bought up on my watchlist. No inventory and high prices. I thought things were going to get better too

shyt, STL everything you would look at would go for almost $70k over asking price

 

[ill]

nvm