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re: Realtor Buddy Called Me
Posted on 6/14/22 at 10:11 pm to Catchfalaya
Posted on 6/14/22 at 10:11 pm to Catchfalaya
Good. The housing market was on fire and needs to tighten.
0
Posted on 6/14/22 at 10:14 pm to LSUSkip
quote:
It's bad.
I'm getting ready to buy. It would be great for me if interest rates go high and prices drop.
If prices drop, then I'm ready to stroke some checks to buy property with cash. I don't care about interest rates, I only care about price.
Posted on 6/14/22 at 10:17 pm to El Segundo Guy
quote:
I'm getting ready to buy. It would be great for me if interest rates go high and prices drop.
If prices drop, then I'm ready to stroke some checks to buy property with cash. I don't care about interest rates, I only care about price.
I'm not sure how much base prices will come down...but very soon you certainly won't have to fight 12 other people for a house.
Posted on 6/14/22 at 10:20 pm to Ben Hur
quote:No, we actually inflated the price. My brother and I both told our realtor the same thing. "It will never sell at that price."
You were definitely underpriced if there was that much action. It's fine if you are happy with what you got though.
He told us, "I'll get more." He was right.
Posted on 6/14/22 at 10:20 pm to Ben Hur
quote:
You were definitely underpriced if there was that much action.
Tell me you haven’t sold a home in DFW without telling me.
Posted on 6/14/22 at 10:22 pm to Catchfalaya
What market? Real estate still going like crazy around here.
Posted on 6/14/22 at 10:37 pm to Catchfalaya
I had about 10 days it slowed down, then yesterday I had 8 calls.
Closing 6 this week. Last July was the busiest month I ever had, this July is very close to topping it.
I’m going to beat my total for last year by the end of July, and last year was a fantastic year. I’m banking it to carry me through the next few years for when it does slow down.
It’s going to slow down, but will be 2-3 months at least before you really see it. What you’re going to see for now is a reduction in the range people are looking in.
450k becomes 400k, etc.
Closing 6 this week. Last July was the busiest month I ever had, this July is very close to topping it.
I’m going to beat my total for last year by the end of July, and last year was a fantastic year. I’m banking it to carry me through the next few years for when it does slow down.
It’s going to slow down, but will be 2-3 months at least before you really see it. What you’re going to see for now is a reduction in the range people are looking in.
450k becomes 400k, etc.
Posted on 6/14/22 at 11:27 pm to gaetti15
I work in SFR. The market is about to implode. Institutionals are dumping/freezing right now.
Realtors would be selling used cars if not for homes. They know nothing about what is coming. And I cringe at the thought that people actually rely on them for market analysis.
Realtors would be selling used cars if not for homes. They know nothing about what is coming. And I cringe at the thought that people actually rely on them for market analysis.
This post was edited on 6/14/22 at 11:29 pm
Posted on 6/14/22 at 11:28 pm to Catchfalaya
Got two properties I have to sell and one home to buy and need a stable market to sell and buy wisely; all in a stable time frame
Posted on 6/14/22 at 11:36 pm to LSUSkip
quote:
The jump in rates just over the past two days in unreal
Gonna jump again tomorrow. Fed rate hike of a minimum .50 pts....good chance it may be .75
We fricked
Posted on 6/15/22 at 12:27 am to the LSUSaint
Waiting eagerly to pounce on one of those lake houses about an hour away. Looking forward to my weekend oasis.
Posted on 6/15/22 at 4:10 am to ManBearSharkReb
quote:Most frankly don’t have a clue. A distressingly large percentage are part timers just trying to make “easy money”
Realtors would be selling used cars if not for homes. They know nothing about what is coming. And I cringe at the thought that people actually rely on them for market analysis.
Tough to distinguish the professionals from the amateurs at a glance. Maybe 10-15% of them have a clue. There are agents/brokers I love working with, and there are some I just hang my head when I see a text from one cause I know it’s going to be an ordeal.
Posted on 6/15/22 at 4:28 am to Catchfalaya
I work for a National builder. Our contract writes are down 50% the last 3 months. July numbers for real estate are going to be catastrophic.
Posted on 6/15/22 at 4:38 am to Mid Iowa Tiger
quote:
It is going to be bad, really bad. I saw something earlier today that showed new construction starts in Q1 for Plano in 2022 were down 45% compared to Q1 2021.
Depending on who you listen to we are short 5 million to 7 million homes. We desperately need more inventory. Construction starts being low is just going to keep prices stable regardless of rates.
Posted on 6/15/22 at 4:45 am to kennypowers
quote:
Wait until you see what happens to supply once all these people in houses at 2-3% don't go on the market...sell....like ever
<<<< raises hand
Refinanced remaining 21 years of a 30 at 4% to a 15 at 2.35% (no points) in early 2021. Not planning on selling.
Posted on 6/15/22 at 5:10 am to udtiger
I’ve been casually looking for past 3 months and never jumped due to inflated prices and stuff going pending inside of 24hrs 90% of the time.
Now trying to decide what to do and timing… those with insight in industry and saying “it’s coming”, when do y’all think we see massive reductions?
Now trying to decide what to do and timing… those with insight in industry and saying “it’s coming”, when do y’all think we see massive reductions?
Posted on 6/15/22 at 5:14 am to xxTIMMYxx
quote:I laughed out loud on this one
Tell her to stop sleeping with clients
Posted on 6/15/22 at 5:16 am to Pax Regis
quote:
The only upside in this is maybe not every soccer mom will be a side hustle real estate agent.
You don't like the combo real estate/pampered chef/press on nails soccer mom?
Posted on 6/15/22 at 5:19 am to Lsut81
quote:
I’ve been casually looking for past 3 months and never jumped due to inflated prices and stuff going pending inside of 24hrs 90% of the time
Houses in my hood are the same (pending almost as soon as they hit the MLS).
It has slowed a little, but the only houses that aren't pending right now are a new construction that's still at least a month away and a house that just came on the market on Monday.
Posted on 6/15/22 at 5:29 am to udtiger
quote:
Houses in my hood are the same (pending almost as soon as they hit the MLS).
A lot more sitting now… what used to be 5-10 in a specific area I’m looking not under contract is now 30-40. Nothing worth biting the bullet for. So just curious when those in industry think the real pain will come and deals may start popping.
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