- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 4/24/24 at 3:08 pm to bad93ex
We'd like to go down to a 3/2 and maybe 1700 sq ft with a smaller yard. Just less to keep up with as we are getting older.
We have an older house that we bought when prices were still low from the '08 downturn and we refinanced it during Covid at 2.3%. Our mortgage is cheaper than I could rent a crappy 2 BR apartment for these days.
We have an older house that we bought when prices were still low from the '08 downturn and we refinanced it during Covid at 2.3%. Our mortgage is cheaper than I could rent a crappy 2 BR apartment for these days.
Posted on 4/24/24 at 3:08 pm to rintintin
quote:
High rates, high inventory, they should be plummeting.
Homes for sale is still below pre covid levels.
Posted on 4/24/24 at 3:09 pm to rintintin
quote:
They are slightly but not as much as they should be IMO.
High rates, high inventory, they should be plummeting.
Variety of factors for this
We don't have a lot of people that have to sell yet. Selling is optional so many are not as motivated to lower prices.
A lot of people who bought at the peak aren't ready to accept losses so they are holding on.
People need all of the equity they can get to afford their next purchase so they are holding on.
There hasn't been a catalyst to cause price drops like in 2009
Posted on 4/24/24 at 3:09 pm to rintintin
I dunno. I live in South Dakota and it's nuts. Builders can't keep up
Posted on 4/24/24 at 3:12 pm to stout
quote:
There hasn't been a catalyst to cause price drops like in 2009
Link the information and graphs in the OP
Posted on 4/24/24 at 3:12 pm to Dawgfanman
quote:
If boomers are going to be selling homes, where will they live?
They won’t
Posted on 4/24/24 at 3:13 pm to yellowfin
quote:
They won’t
Then they won’t be selling, perhaps their children will..
Posted on 4/24/24 at 3:13 pm to Dawgfanman
quote:
Homes for sale is still below pre covid levels.
That is starting to change as the market cools
Realtor.com
Posted on 4/24/24 at 3:17 pm to stout
quote:
That is starting to change as the market cools
In April 2019 there were 1.137 million homes for sale, in March 2024 there were 694,000.
Posted on 4/24/24 at 3:20 pm to Dawgfanman
quote:
In April 2019 there were 1.137 million homes for sale, in March 2024 there were 694,000.
Link? Because NAR says otherwise
quote:
Total housing inventory registered at the end of March was 1.11 million units, up 4.7% from February and 14.4% from one year ago (970,000). Unsold inventory sits at a 3.2-month supply at the current sales pace, up from 2.9 months in February and 2.7 months in March 2023.
LINK
Posted on 4/24/24 at 3:23 pm to Dawgfanman
Weird that FRED and NAR have such a difference in data.
Posted on 4/24/24 at 3:24 pm to Dawgfanman
yeah im going to trust the FED over a group of realtors
Posted on 4/24/24 at 3:27 pm to fallguy_1978
quote:
Our mortgage is cheaper than I could rent a crappy 2 BR apartment for these days.
Apartments are crazy expensive.
I just closed on a house Monday, it's a 3 br, 2.5 bath and my mortgage is less than an apartment if I had to rent.
I see a decent amount of inventory where I live, but everything good comes and goes quickly. And everything is still so expensive. New house is 1/2 the size of the current one, but still $100k more than the current one was when we bought it in 2019.
Posted on 4/24/24 at 3:31 pm to HoustonChick86
quote:
New house is 1/2 the size of the current one, but still $100k more than the current one was when we bought it in 2019.
That's what I see too. A smaller house, that's new'ish is 150k more than what we paid for this one. Ours has increased in value too, but given that it's older, not as much as newer houses.
Why did you move?
We're a few years away from wanting to downsize, but we'll stay in this one if it doesn't make financial sense.
Posted on 4/24/24 at 3:43 pm to stout
Damnnn, Lake Charles is getting the hammer and I suspect it gets worse.
Posted on 4/24/24 at 3:46 pm to Dawgfanman
quote:I think the better question is if prices don’t come down, who is going to be able to afford these boomer homes. They generally have larger SQFT and are dated. That combination results in expensive updates.
If boomers are going to be selling homes, where will they live?
Posted on 4/24/24 at 3:47 pm to Bayou_Tiger_225
quote:
think the better question is if prices don’t come down, who is going to be able to afford these boomer homes. They generally have larger SQFT and are dated. That combination results in expensive updates
Blackrock baw
Popular
Back to top
Follow TigerDroppings for LSU Football News