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re: Amazon lays off 10K at the beginning Christmas season! Think about that for a minute
Posted on 11/14/22 at 9:10 pm to Jjdoc
Posted on 11/14/22 at 9:10 pm to Jjdoc
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
This post was edited on 11/14/22 at 9:10 pm
5
Posted on 11/14/22 at 9:11 pm to NM Tiger 67
quote:
I just bought a 420,000 home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
Housing prices will come down at least another 15%
Posted on 11/14/22 at 10:17 pm to NM Tiger 67
quote:Must not be anywhere near my MLS. I haven’t seen anything remotely like that.
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
It’s slowed down for me some, only closing 2 this month. It tends to slow down October-February anyway, so it’s difficult to determine how much the slowdown isn’t the seasonal drop we see.
Lenders told me they saw the 225-350 range dry up pretty dramatically though on applications.
Posted on 11/14/22 at 10:27 pm to NM Tiger 67
quote:
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
I lend to a lot of residential builders. Closings are down 50% for some of them.
Tough to say how a value correction ends, but it’s going to happen. Supply and demand have been so out of whack for two years. Both the S & D curve may end up shifting and coming back to equilibrium.
When you have six months of inventory on the market, that’s when forecasters consider the market at EQ.
Posted on 11/15/22 at 6:53 am to NM Tiger 67
quote:
I just bought a 420,000 new build home that was listed for $530,000 6 months ago.
My area is still going up, but I'm believe there may be a lag, here. There are a lot of retirees moving to south FL, and most of them sell a house up north and pay cash for a home down here. I think the fear of a housing crash is causing people to accelerate there plans and people up north are selling now, in order to get down here before the housing market goes to shite.
Because so many are paying cash, interest rates are not a deterrent.
Posted on 11/15/22 at 7:01 am to NM Tiger 67
quote:
It's about to get ugly
And it’s being done on purpose; that’s the kicker. We are a nation of utter morons.
This post was edited on 11/15/22 at 7:02 am
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