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Posted on 5/20/20 at 3:36 pm to AUriptide
quote:absolutely
Anyone else looking to strike?
Posted on 5/20/20 at 3:38 pm to AUriptide
Read an article last week with an interesting take.
Baby Boomers will set a record in 2020 with divorces.
The article stated that this will lead to a plethora of family homes on the market. While at the same time creating greater demand for condos and small high end houses.
Baby Boomers will set a record in 2020 with divorces.
The article stated that this will lead to a plethora of family homes on the market. While at the same time creating greater demand for condos and small high end houses.
Posted on 5/20/20 at 3:47 pm to TigerintheNO
Saw that piece. It’s not necessarily an inflection point, but rather a building trend that is expected to continue on this upward trajectory. Drives demand for more units at a lower average size.
Every major city and developer has been betting on this by building massive amounts of multi family inventory near urban cores. And it’s not all just for young people. Boomers that are divorced or empty nesters selling out of their McMansions and looking for low maintenance, small spaces near lots of convenience.
Every major city and developer has been betting on this by building massive amounts of multi family inventory near urban cores. And it’s not all just for young people. Boomers that are divorced or empty nesters selling out of their McMansions and looking for low maintenance, small spaces near lots of convenience.
Posted on 5/20/20 at 3:50 pm to The Third Leg
I’m not seeing prices decline yet. If all goes well on the one I’m writing now I’ll have 10 under contract.
Activity really revved up the last week or so.
Activity really revved up the last week or so.
Posted on 5/20/20 at 3:56 pm to AUriptide
A lot goes in to the home buying market. Way more than just unemployment rates.
Pros for the housing market prices now:
Interest rates are super low
Less newer home construction, keeping inventory of available homes higher.
Fewer people may be willing to move out which also keeping inventory low
Pros for the housing market prices now:
Interest rates are super low
Less newer home construction, keeping inventory of available homes higher.
Fewer people may be willing to move out which also keeping inventory low
Posted on 5/20/20 at 4:20 pm to East Coast Band
Listed our house 2 weeks ago. Sold in 24hr. First couple that walked through the door threw asking price at us.
They were pre-approved and the offer was not contingent. However, having an issue finding something that we want to move into.
in my area, it is def a seller's market.
They were pre-approved and the offer was not contingent. However, having an issue finding something that we want to move into.
in my area, it is def a seller's market.
Posted on 5/20/20 at 4:23 pm to LasVegasTiger
quote:
Decided to hold off on buying a new house last month. Curious to see how the Vegas market gets hit with so many people out of work here.
After what I saw in Vegas after 2009, I was never sold on that city. Vegas is way more susceptible to downturns. If you have been there long enough, you may be aware for how cheap houses went for when tourism dried up.
In any event, I don't see any harm in waiting. I think you will at worst buy relatively at the same price later as you would today.
Posted on 5/20/20 at 4:46 pm to AUriptide
You won’t see an abundance of foreclosures until the forebearance period ends.
Posted on 5/25/20 at 10:09 am to LSU_postman
quote:In the Tuscaloosa area also. I had two listings the last few weeks and neither lasted longer than 4 days. I’m still getting calls off the signs
in my area, it is def a seller's market.
Posted on 5/25/20 at 10:14 am to AUriptide
My 3 bedrooms and 2 toilets in a neighborhood where there are people parking in the street and grass with garages teeming with Tupperware bins of consumer garbage is worth uhhhhhhh billllion dollars says the proletariat.
Posted on 5/25/20 at 10:16 am to Koach K
I see prices staying consistent but the mortgage rates are pretty low right now. I got quoted recently at 5% down and 3.2%
Good time to buy if you can.
Good time to buy if you can.
Posted on 5/25/20 at 10:40 am to papasmurf1269
Anything less than 20% down and you're carrying PMI until you have 20% equity in the house.
If you're going to do a lot of work, like I did, I'd take the PMI and save my cash for the remodeling
If you're going to do a lot of work, like I did, I'd take the PMI and save my cash for the remodeling
Posted on 5/25/20 at 12:07 pm to The Third Leg
quote:
Boomers that are divorced or empty nesters selling out of their McMansions and looking for low maintenance, small spaces near lots of convenience.
Boomers turning into millennials? I'm gonna need more popcorn.
Posted on 5/25/20 at 2:05 pm to dbeck
But with a smaller pantry how will the old guard continue to stuff their faces to keep their obesity levels well above average?
Posted on 5/25/20 at 2:16 pm to AUriptide
quote:
Sold the first one and doubled my money
I doubt that, what did you buy the house for? What did you put in it?
Posted on 5/25/20 at 4:17 pm to Koach K
quote:
But with a smaller pantry how will the old guard continue to stuff their faces to keep their obesity levels well above average?
I'm gonna start a business that orders home delivery for older people who can't figure out how to use the delivery apps. I'm gonna call it Boomr.
Posted on 5/25/20 at 10:20 pm to AUriptide
I may be looking to buy in the not too distant future. Maybe a condo in New Orleans, nothing fancy, likely under $250k
Posted on 5/25/20 at 10:37 pm to AUriptide
Downvoting the OP is as easy as Pi-
Posted on 5/25/20 at 10:48 pm to Picayuner
quote:
You'll need at least 20% down payment firm.
Where are you that requires that?
I know of multiple house sales that were completed with 5% down here in B’ham.
This post was edited on 5/25/20 at 10:49 pm
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