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Real Estate Market
Posted on 4/9/24 at 8:36 pm
Posted on 4/9/24 at 8:36 pm
I recently closed on a house. The real estate agent I have been dealing with over the past few months told me today that she has been busy as hell the past month with all sorts of buyers wanting to see/purchase houses. It surprised me given the interest rates and inflation.
What gives? I am glad the market is hot but it just does not make sense to me.
What gives? I am glad the market is hot but it just does not make sense to me.
17
Posted on 4/9/24 at 8:39 pm to Mariner
Maybe buying now and hoping Trump gets in and refinance.
Posted on 4/9/24 at 8:42 pm to tigger4ever
March-August is pretty much always busy no matter the circumstances.
Posted on 4/9/24 at 8:45 pm to Mariner
Different from what I'm seeing in my area. Houses are selling if they are priced right but I'm seeing a ton of new inventory popping up everyday and a lot of prices are being reduced after they have been sitting a month or so. Not a realtor, just a person looking on websites daily
Posted on 4/9/24 at 9:27 pm to Mariner
Maybe people have cash and have been waiting for the prices to moderate?
Posted on 4/9/24 at 9:47 pm to Mariner
May-August is prime selling season. I generally make 20-25% of my income in July alone. Houses going under contract now are late May or early June closing.
I’ve got 5 under contract atm, which is actually a little below average.
I’ve got 5 under contract atm, which is actually a little below average.
Posted on 4/10/24 at 3:54 am to Mariner
It’s never a bad time to buy real estate provided you can afford it. People that have been sitting out waiting on a ‘crash’ have lost tons of buying power and equity. If you are buying something you are planning to stay in for a long time does it even matter if there is a ‘crash’? Real estate prices go up and down over time same as it ever was.
Posted on 4/10/24 at 5:29 am to Mariner
Seeing the same around Texas.
Buyers have started to realize rates aren’t going back to the fairyland levels of the 2010s. Rent has been going up while home prices and rates have stabilized (albeit at higher levels than we got used to).
Buyers have started to realize rates aren’t going back to the fairyland levels of the 2010s. Rent has been going up while home prices and rates have stabilized (albeit at higher levels than we got used to).
Posted on 4/10/24 at 6:38 am to TejasHorn
quote:
Seeing the same around Texas.
Buyers have started to realize rates aren’t going back to the fairyland levels of the 2010s. Rent has been going up while home prices and rates have stabilized (albeit at higher levels than we got used to).
I have a family member trying to sell a house in Burleson (just south of Fort Worth) and it's been sitting for quite some time. No showings. I don't know how to tell if it's "priced properly" but if the right price sells, then it doesn't appear to be priced properly. Kinda odd it isn't even getting shown though. It's a standard cookie cutter neighborhood type of home at a price point most can afford. In decent shape with a smallish pool in the backyard.
We also have a lake property in the family that we're trying to sell. But that is another can of worms that I don't want to muddy this thread with, but it has only shown a few times when it was listed. The real estate agent is waiting for things to start moving a little more. Neither of these homes are in my control or direct interest so just conveying information here.
Posted on 4/10/24 at 6:51 am to Mariner
I’m going through a divorce right now and I just sold my house and looking for another. Where I live in SC, houses that are 235K or lower are selling fast. Depending on the area, houses that are 235-250K are selling fairly quick also.
Posted on 4/10/24 at 6:55 am to Mariner
Market extremely hot here too. Most places go in first couple weeks. Neighbors down the street had offers including a $13k over asking offer before the 1st open house which was going to happen on the 2nd weekend it was on the market.
I dont really get it either but the supply of houses is still really small so things will go fast due to demand still.
I dont really get it either but the supply of houses is still really small so things will go fast due to demand still.
Posted on 4/10/24 at 6:55 am to Mariner
Some times when a woman says she is busy it doesn’t mean she is busy making sales and making money.
Posted on 4/10/24 at 7:53 am to CobraCommander83
quote:
I’m going through a divorce right now and I just sold my house and looking for another. Where I live in SC, houses that are 235K or lower are selling fast. Depending on the area, houses that are 235-250K are selling fairly quick also.
Not sure what part of the state you are in but the Chas area seems to be rolling right along. A TON of yankee money flooding in and still good job availability.
So far the Yankees have left their politics up north. They just like to tell you how good it was where they came from and how much they miss stuff.
Posted on 4/10/24 at 7:59 am to Mariner
Car salesmen always say the same thing to shoppers.
Posted on 4/10/24 at 8:02 am to tigger4ever
quote:
Trump gets in and refinance.
Very Ironic since his ridiculous spending is one reason why we have this current inflationary environment.
Posted on 4/10/24 at 8:25 am to BHTiger
I’m in Florence County
Posted on 4/10/24 at 9:32 am to Mariner
The New Orleans market doesn’t make sense. I see houses listed every day for 15% higher than they were purchased for 3-4 years ago when the notes were probably half due to interest rates and insurance changes. It’s like the scum agents are just throwing things out there hoping people will panic and buy.
Posted on 4/10/24 at 9:41 am to jwalk38
quote:
It’s like the scum agents are just throwing things out there
Meh. It’s hard to blame the agents. They are pricing with input from sellers based on what they think the market will support.
Nola had always been a strange market to predict as there is such limited inventory in good areas
Posted on 4/10/24 at 10:03 am to ronricks
quote:
Very Ironic since his ridiculous spending is one reason why we have this current inflationary environment.
oh look it is the muh no fraud jackass
wait you are the clown who also believed trump has went through all this shite for himself, when he had it made as a billionaire and did not have to give 2 shits about this country like your democrat overlords.
MUH biden wuz bettur DaN OrAngE Man hurr durr. and yes many numbers on the right are still atrocious. enjoying those open borders also?
This post was edited on 4/10/24 at 10:15 am
Posted on 4/10/24 at 10:44 am to tigger4ever
Maybe buying now and hoping Trump gets in and refinance.
____________
Yea, that's it. Lol. You are not really in the real estate market.
____________
Yea, that's it. Lol. You are not really in the real estate market.
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