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re: Real Estate Market
Posted on 4/24/24 at 1:15 pm to TejasHorn
Posted on 4/24/24 at 1:15 pm to TejasHorn
quote:
Rent has been going up while home prices and rates have stabilized (albeit at higher levels than we got used to).
And each rental payment is money you never get back.
Might as well build equity.
1
Posted on 4/24/24 at 2:56 pm to Bestbank Tiger
quote:sigh
And each rental payment is money you never get back.
Might as well build equity.
Posted on 4/25/24 at 7:33 am to Mariner
It’s all relative
Maybe people realizing that prices will only escalate once rates start to drop.
Maybe people with cash.
Maybe people just need a house.
I think people waiting for a residential market crash are going to be frustrated.
Saw similar stuff on the 80’s and prices shot up when rates came down.
Maybe people realizing that prices will only escalate once rates start to drop.
Maybe people with cash.
Maybe people just need a house.
I think people waiting for a residential market crash are going to be frustrated.
Saw similar stuff on the 80’s and prices shot up when rates came down.
Posted on 4/25/24 at 9:09 am to Supermoto Tiger
Real Estate 101:
On the market but not selling is 100% a pricing problem.
____________
Change the word selling to showing, then you are correct.
On the market but not selling is 100% a pricing problem.
____________
Change the word selling to showing, then you are correct.
Posted on 4/25/24 at 9:11 am to KennytheTiger
The best time to buy a house is 20 years ago.
The second best time is now.
The second best time is now.
Posted on 4/25/24 at 7:33 pm to XenScott
quote:
There is still an inventory deficit, even though prices and interest cooled it off a bit.
There’s only an inventory deficit if you count illegals. Outside of that, no one is living on the streets. I’m so tired of this inventory BS. There’s an inventory issue when you get out bid. That’s it
Posted on 4/27/24 at 10:19 am to Mariner
People have to live somewhere. Rents always catch up to mortgage payments.
The glut of 2008-2010 has rebounded to an overall housing shortage still.
People are realizing that interest rates can vary and improve. The price of the house is a sunk cost. If interest rates were to magically reduce a percentage point, the demand would cause home price to increase, rapidly.
The glut of 2008-2010 has rebounded to an overall housing shortage still.
People are realizing that interest rates can vary and improve. The price of the house is a sunk cost. If interest rates were to magically reduce a percentage point, the demand would cause home price to increase, rapidly.
Posted on 4/28/24 at 9:06 am to jwalk38
quote:But let's say that is, in fact, a 15% rise over 4 years. That makes the CAGR only 3.56% per year, which is not very much considering that home prices, in general, were rising at a much higher rate than that over the years of 2000-2022.
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.
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