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Posted on 9/23/23 at 7:12 pm to LSU Coyote
quote:
And I'm trying to sell now ..
I am looking to buy. Post Zillow link.
Posted on 9/23/23 at 7:16 pm to BK Lounge
quote:
Very small sample, anecdotal experience.. but my house in Lakeview that we sold a few years ago is again on the market by the people we sold to.. i check the listing every once in a while for shiggles, and ive noticed that it has been on the market now for over a year.. in that year-plus, they have lowered the asking price 4 or 5 times.. if there is a god, then i thank him/her profusely for letting us sell that house when we did .
I went to some open houses in NO today. I was the only one who went. shite is slow ….. but if priced right I am seeing some things sell relatively quick.
This post was edited on 9/23/23 at 7:17 pm
Posted on 9/23/23 at 7:30 pm to stout
Tell me where this would be, not in TX, not on the Northshore in LA, not on the MS coast or in Denver and surrounding areas.
Posted on 9/23/23 at 8:46 pm to BK Lounge
quote:
Very small sample, anecdotal experience.. but my house in Lakeview that we sold a few years ago is again on the market by the people we sold to.. i check the listing every once in a while for shiggles, and ive noticed that it has been on the market now for over a year.. in that year-plus, they have lowered the asking price 4 or 5 times.. if there is a god, then i thank him/her profusely for letting us sell that house when we did .
Is it priced higher or lower since you sold?
Posted on 9/23/23 at 8:49 pm to willeaux
quote:
Is it priced higher or lower since you sold?
Posted on 9/23/23 at 9:36 pm to willeaux
quote:
Is it priced higher or lower since you sold?
Higher.. Unrealistically so, IMO.. and I think they are realizing that .
Posted on 9/24/23 at 7:26 am to stout
We call everything a recession now. This will be far worse. I saw this coming. It will kick in and become very apparent at the end of the year to the first quarter 2024.
High interest rates and high inflation along with stagnant wages have finally done us in.
High unemployment comes next.
High interest rates and high inflation along with stagnant wages have finally done us in.
High unemployment comes next.
This post was edited on 9/24/23 at 7:28 am
Posted on 9/24/23 at 7:31 am to latxwoman
quote:
. It will kick in and become very apparent at the end of the year to the first quarter 2024.
People said this last year coming into 2023. I don't doubt that the numbers are bad, I just haven't seen anything major happen besides inflation and I hear "experts" swing from "it's about to collapse" to "the economy is resilient and adding jobs and soft landing, etc.".
Posted on 9/24/23 at 7:47 am to stout
Thanks for the updates on the Housing market Stout. Not many of us in the industry on here and i like seeing what's the lastest.
At least this makes sense with people moving to big cities and them looking for housing. Dont really understand why rural/country locations out in the middle of no where are asking 350k for a 2000 sqft home.
quote:
ah so big cities still have ridiculous prices while everywhere else is contracting
At least this makes sense with people moving to big cities and them looking for housing. Dont really understand why rural/country locations out in the middle of no where are asking 350k for a 2000 sqft home.
This post was edited on 9/24/23 at 7:52 am
Posted on 9/24/23 at 7:54 am to tiggerthetooth
House prices still rising (lowest supply since 70s).
Prices are being reduced but median days on market (45) still historically low (those buying still buying high).
Longer the window of high prices lasts (more locked in high), the higher the normalized price will stay (only coming down after a crazy supply boom..which is a long ways away).
Multifamily is replacing majority of starter homes. Better ROI and driven by change in demographic fundamentals. Rental houses will have to compete with new apartments.
5+ unit permits
Prices are being reduced but median days on market (45) still historically low (those buying still buying high).
Longer the window of high prices lasts (more locked in high), the higher the normalized price will stay (only coming down after a crazy supply boom..which is a long ways away).
Multifamily is replacing majority of starter homes. Better ROI and driven by change in demographic fundamentals. Rental houses will have to compete with new apartments.
5+ unit permits
This post was edited on 9/24/23 at 7:56 am
Posted on 9/24/23 at 8:02 am to stout
quote:
They start again next month after 3 years of being paused. Going to be rough for a lot of people.
But in a way it is a made up problem. If they hadn’t paused them, people would have adjusted.
Now they’ve had 3 years living like the had a higher income and will have a shitty time getting back to where they should have been all along.
This post was edited on 9/24/23 at 8:03 am
Posted on 9/24/23 at 8:37 am to Sus-Scrofa
Mortgage applications up 5.4% last week I think.
There is still a housing deficit for growing parts of the country.
Blue states and Mississippi/Louisiana where population is contracting this is a problem.
States that are growing are still at a housing deficit.
There is still a housing deficit for growing parts of the country.
Blue states and Mississippi/Louisiana where population is contracting this is a problem.
States that are growing are still at a housing deficit.
Posted on 9/24/23 at 8:44 am to stout
What happens if they don't pay? Brandon gonna bail them out again?
Posted on 9/24/23 at 8:58 am to FLObserver
quote:If the internet is reliable WFH people will pay it. That is absolutely the case in our area. Hybrid commuters will purchase further out as well.
Dont really understand why rural/country locations out in the middle of no where are asking 350k for a 2000 sqft home.
Posted on 9/24/23 at 8:59 am to stout
Down 5% from a plus 20% year is not the same as the minus 5% years on the chart. If the two year average is still plus 15, that is hardly recession food.
Posted on 9/24/23 at 9:47 am to gaetti15
quote:
ah so big cities still have ridiculous prices while everywhere else is contracting
Supply and demand
Posted on 9/24/23 at 12:04 pm to stout
The rocket rise in prices was due primarily to one thing… Covid.
Things were bound to come down to earth, in fact the fed has been doing all it can to ensure that it does, but that doesn’t mean recession although many people seem to be openly cheering for that.
Things were bound to come down to earth, in fact the fed has been doing all it can to ensure that it does, but that doesn’t mean recession although many people seem to be openly cheering for that.
Posted on 9/24/23 at 12:09 pm to TejasHorn
Putting my home up for sale, next month.
Walker, LA
2100 Sq living, New roof, Pool, New A/C & single street Subdivision
Walker, LA
2100 Sq living, New roof, Pool, New A/C & single street Subdivision
This post was edited on 9/24/23 at 12:10 pm
Posted on 9/24/23 at 2:01 pm to stout
Not in Colorado Springs
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