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re: Top 10 cities where home prices are falling the most
Posted on 4/26/22 at 6:40 am to yaboidarrell
Posted on 4/26/22 at 6:40 am to yaboidarrell
Somehow houses in and around Bogalusa sell within 12 hours of going on the market and can turn into a bidding war.
Strange world.
Strange world.
1
Posted on 4/26/22 at 6:48 am to Shotgun Willie
quote:
Our neighbors just listed their house for 850k Last Friday here in KC area. Sold in a day 100k over asking. Told wife I’m putting a for sale sign up.
Do you have cash to offer 12% over asking? Because that’s what’s currently happening. That’s insane, where do people make this kind of money?
Posted on 4/26/22 at 6:54 am to Gee Grenouille
quote:A bidders war on Bogalusa properties is if a potential purchaser (aka “victim”) makes any offer on one, the seller will go to war rather than have the deal fall through.
Somehow houses in and around Bogalusa sell within 12 hours of going on the market and can turn into a bidding war.
Posted on 4/26/22 at 6:55 am to yaboidarrell
The L.A. one is hilarious because they're still in the millions for the smallest POS.
Posted on 4/26/22 at 7:28 am to SmelvinRat
quote:
Tulsa? I lived there for 2 years in the early 90s. I thought that it was a great town. Maybe I can get a deal.
Tulsa’ outlying bedroom communities have absolutely exploded with new development over the past 15 years so I’m gonna guess the drop in home prices is just a supply/demand adjustment.
Posted on 4/26/22 at 7:31 am to yaboidarrell
Move to those cities if you can work remotely.
ETA: except Los Angeles. frick that place.
ETA: except Los Angeles. frick that place.
This post was edited on 4/26/22 at 7:33 am
Posted on 4/26/22 at 7:32 am to Naked Bootleg
I like Tulsa and OKC.
The Memphis suburbs are very nice too.
The Memphis suburbs are very nice too.
Posted on 4/26/22 at 8:00 am to KurtSchrute
We all hope they aren't, but they are
Posted on 4/26/22 at 8:04 am to McVick
Margins on mortgages are getting cucked as well by competition.
Posted on 4/26/22 at 8:28 am to yaboidarrell
I didn't think Detroits could fall much more.
Posted on 4/26/22 at 8:51 am to soccerfüt
quote:
A bidders war on Bogalusa properties is if a potential purchaser (aka “victim”)
Posted on 4/26/22 at 8:58 am to brewhan davey
quote:
In other cases, it’s not that the same house costs less. Rather, the lower prices are due to fewer larger homes, which generally fetch higher prices, going up for sale. (Metros include the main city and surrounding towns, suburbs, and urban areas.)
Posted on 4/26/22 at 9:06 am to yaboidarrell
Prices are flattening everywhere. A standard 30 year mortgage payment on a $500,000 loan is about $600 more a month than it was a couple of months ago. That’s “real money.”
So of course the market is gonna cool and that’s a good thing. See 2008.
So of course the market is gonna cool and that’s a good thing. See 2008.
Posted on 4/26/22 at 9:18 am to Vamos Brandonos
As is nearly every other city.
Posted on 4/26/22 at 9:24 am to yaboidarrell
Falling prices therefore say it out loud…falling demand Who would think that no one would want to live in the likes of Memphis or Detroit? Most of these are individuals fleeing state and local government overreach. It is the exact reason that states rights are so important.
Posted on 4/26/22 at 9:28 am to yaboidarrell
These assholes need to lay in their own shite they made.
Posted on 4/26/22 at 9:30 am to dgnx6
Important note from the article:
There would have been more than one metro in a few of those states if they had just run the data overall. They basically admitted as much.
quote:
To ensure geographic diversity, we limited our list to just one metro per state.
There would have been more than one metro in a few of those states if they had just run the data overall. They basically admitted as much.
Posted on 4/26/22 at 9:31 am to Oilfieldbiology
quote:
Do you have cash to offer 12% over asking? Because that’s what’s currently happening. That’s insane, where do people make this kind of money
I’d say some people have that money the rest are businesses that could either make a profit turning around and selling or turn them into rentals.
Posted on 4/26/22 at 11:10 am to Oilfieldbiology
quote:
Do you have cash to offer 12% over asking? Because that’s what’s currently happening. That’s insane, where do people make this kind of money?
You don’t need that in cash unless it doesn’t appraise, and most houses appraise.
Posted on 4/26/22 at 11:17 am to Shotgun Willie
quote:
Our neighbors just listed their house for 850k Last Friday here in KC area. Sold in a day 100k over asking. Told wife I’m putting a for sale sign up.
Then you have to turn around and buy in the exact same market. I tell my wife this every time she gets an idea of how much we could sell our house for right now
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