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US Home Prices Decelerate For 4th Straight Month
Poast new message in this thread
Date: January 25th, 2022 11:21 AM Author: Sooty doobsian rehab coffee pot https://www.zerohedge.com/personal-finance/us-home-prices-decelerate-4th-straight-month (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844151) |
Date: January 25th, 2022 11:28 AM Author: turquoise brethren didnt click, but decelerate means still rising but growth rate slowing or tapering off? (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844184) |
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Date: January 25th, 2022 11:29 AM Author: glittery sable senate generalized bond Going up, not as fast. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844187) |
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Date: January 25th, 2022 11:31 AM Author: 180 bistre electric furnace hell Ok phew (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844194) |
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Date: January 25th, 2022 11:33 AM Author: turquoise brethren this is consistent with anecdotal shit ive been hearing even in hot markets. still extremely low inventory and selling quickly, but not so many crazy bidding wars. this is going to have to taper off at some point (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844217) |
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Date: January 25th, 2022 11:50 AM Author: glittery sable senate generalized bond We’ve been actively looking for a new place for a couple weeks and this has been our experience. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844295) |
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Date: January 25th, 2022 12:48 PM Author: Sooty doobsian rehab coffee pot I've given up I'm either renting forever or moving to the midwest |
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Date: January 25th, 2022 1:02 PM Author: glittery sable senate generalized bond We’re in the Midwest. If you’re a shitlib please stay where you are tho. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844665) |
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Date: January 25th, 2022 1:12 PM Author: overrated up-to-no-good fortuitous meteor Also don't move to TX or FL. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844708) |
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Date: January 25th, 2022 1:08 PM Author: turquoise brethren i dont understand the "giving up" faggotry.
u need to act fast and overpay if you like something. are u giving up bc u cant afford to overpay? too stupid to overpay? cant find anything you like? |
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Date: January 25th, 2022 1:27 PM Author: Sooty doobsian rehab coffee pot Psychological barrier of paying $1.5 million to live in a 1960s 3 bedroom in a school district with half ESL central American kids + fear of value dropping 30% in an instant (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844765) |
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Date: January 25th, 2022 1:30 PM Author: turquoise brethren then move to a white area (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844783) |
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Date: January 25th, 2022 1:54 PM Author: glittery sable senate generalized bond but have you considered the opera? (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844910) |
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Date: January 25th, 2022 1:56 PM Author: turquoise brethren (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844923) |
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Date: January 25th, 2022 1:54 PM Author: overrated up-to-no-good fortuitous meteor Then that white area looks like he just described 5 years out. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844913) |
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Date: January 25th, 2022 3:43 PM Author: silver location Also the whole transaction is extremely skewed towards sellers right now. Buyers are skipping inspections, engaging in bidding wars, etc. I’d rather just not deal with any of that and wait until things are more in favor of buyers (even if the price is higher by then). (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845600) |
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Date: January 25th, 2022 4:06 PM Author: turquoise brethren bidding war = paying a higher price.
the inspection waiving thing totally blows, yeah. but unless you're in a super super hot market, you can still win a house by not waiving inspection if you're willing to pay the most. |
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Date: January 25th, 2022 11:52 AM Author: bossy mind-boggling cruise ship at least in part because people are afraid of selling (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844305) |
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Date: January 25th, 2022 11:54 AM Author: Carnelian French Chef Why would anyone sell? You can’t get another house. And interest rates are now 3.75%? Didn’t everyone lock in or refinance at 2.5% last year? And that’s before prices increased another $100k (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844317) |
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Date: January 25th, 2022 12:03 PM Author: Rusted cowardly therapy Gotta sell your $1.5 million Los Angeles shitbox so you can buy something decent when you move away. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844361) |
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Date: January 25th, 2022 1:01 PM Author: misanthropic den queen of the night mods (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844660) |
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Date: January 25th, 2022 12:45 PM Author: turquoise brethren boomers could be selling so they can cash out in the hot market.
people could be moving for work etc
if you're selling, you can get another house. it just might be shitty and overpriced. but you can sell your shitty and overpriced house and it's a wash |
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Date: January 25th, 2022 1:59 PM Author: anal motley hall There is a ton of pent up demand of people who changed jobs and have started 100% remote but will move when offices reopen. Between that and the interest rates going up the crazy low inventory levels could change rapidly and prices could get pretty kooky in softer markets. It seems like a great time to sell now/until March and potentially a better time to buy later this year. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844966) |
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Date: January 25th, 2022 1:12 PM Author: Exhilarant Brilliant Theatre Party Of The First Part I might sell and just rent a place for a year or two until this insanity crashes. Kinda getting tired of my place anyway and I'd probably get double what I paid 5 years ago. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844709) |
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Date: January 25th, 2022 1:37 PM Author: Contagious dragon yeah hence every realtor complaining about a lack of inventory for the last 2 years.
only people selling desirable homes in nice towns are those who absolutely need to (e.g. divorce, death, relocation to low COL state after kids are grown). |
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Date: January 25th, 2022 12:47 PM Author: wonderful stead I’m gonna keep hoarding cash and will buy when prices finally crash. I’m a genius. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844596) |
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Date: January 25th, 2022 12:48 PM Author: Sooty doobsian rehab coffee pot im gay (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844606) |
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Date: January 25th, 2022 12:57 PM Author: Bright candlestick maker theater surely now young families will afford homes (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844643) |
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Date: January 25th, 2022 1:05 PM Author: wonderful stead tons of smart young families waiting on the sidelines stacking cash while the rest of you idiots buy into a short term temporary housing bubble (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844678) |
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Date: January 25th, 2022 1:08 PM Author: turquoise brethren lol americans dont stack cash (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844692) |
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Date: January 25th, 2022 1:53 PM Author: Filthy Zombie-like School Cafeteria Scourge Upon The Earth (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844905) |
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Date: January 25th, 2022 1:09 PM Author: ruby histrionic stage Friend just paid $60k over asking for a home that was listed for double what it was worth versus 5 years ago. He also waived inspection. The house is ugly.
This can't last forever. |
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Date: January 25th, 2022 1:12 PM Author: turquoise brethren u'd think, but who knows. has this ever happened at any point in 20/21 century american history? until last year, i didnt even know it was possible to pay above list for a house. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844713) |
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Date: January 25th, 2022 1:13 PM Author: overrated up-to-no-good fortuitous meteor Says who? Do you know what home prices look like in Europe? (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844716) |
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Date: January 25th, 2022 1:11 PM Author: useless address pozpig housing market always slows down in the winter (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844707) |
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Date: January 25th, 2022 1:13 PM Author: misanthropic den queen of the night If you’re in flyover stupid not to sell right now. If you’re in a hot market you’d be stupid to sell though. Former is a bubble the latter is supply and demographics driven. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844718) |
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Date: January 25th, 2022 1:33 PM Author: alcoholic national Rate this recently sold $3.3M home in SF bay area
https://www.redfin.com/CA/Burlingame/106-Los-Montes-Dr-94010/home/1023733 |
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Date: January 25th, 2022 1:38 PM Author: turquoise brethren funny they spent several grand on staging yet couldnt spend $3k on a new suite of entry-level kitchen appliances to the photos of the kitchen look decent (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844810) |
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Date: January 25th, 2022 1:39 PM Author: alcoholic national why bother? staging is cheap and covered by realtor (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844814) |
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Date: January 25th, 2022 1:53 PM Author: turquoise brethren staging costs a couple grand.
sellers usually have to pay for the staging out of pocket. do xo mfes disagree? |
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Date: January 25th, 2022 2:02 PM Author: splenetic site Some realtors cover staging - most don’t.
For a 3.3 million house that will sell instantly, I’d pay it if I were the realtor. Rather, I’d make the buyer pay it but reimburse from my commission (to make sure they’re actually serious about selling). |
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Date: January 25th, 2022 2:02 PM Author: overrated up-to-no-good fortuitous meteor I've never paid for staging. Realtors have always covered it. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43844990) |
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Date: January 25th, 2022 2:21 PM Author: alcoholic national not in high COL markets - it's a drop in bucket compared to fees. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845118) |
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Date: January 25th, 2022 1:59 PM Author: splenetic site Honestly this is lovely. A lot better than I thought, and nicer than a lot of the ridiculous Bay Area houses that get posted here. I dont know the area, but the schools get okay ratings.
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Date: January 25th, 2022 2:05 PM Author: anal motley hall Burlingame is a TTT nothing town south of the city but still 30 min north of SV proper. Schools are mediocre and will be half full of ESL Latinos. Not the least desirable place on the peninsula but pretty far down the list. I agree the house itself is way nicer than most of the Bay Area atrocities that are poasted on here, but < 1900 sqft is pretty small eg way small for a family of four especially in a place that is kind of lame and far from everything. Half acre though, so could buy and turn into a 5000+ sqft monster mansion, which could be cool for a rich single dude who works in the city and is into planes and boats. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845011) |
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Date: January 25th, 2022 2:11 PM Author: overrated up-to-no-good fortuitous meteor "Half acre though, so could buy and turn into a 5000+ sqft monster mansion"
Just buy a $3.3m teardown, bro. |
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Date: January 25th, 2022 2:13 PM Author: turquoise brethren cr
and deal with SFBA regulatory process that will never let you build your mcmansion |
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Date: January 25th, 2022 2:23 PM Author: overrated up-to-no-good fortuitous meteor And even if they do, it'll take like 10 years, during which time you ??? (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845135) |
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Date: January 25th, 2022 2:21 PM Author: alcoholic national schools are actually some of the best in the area and have mostly white kids which is a rarity, which is why it's one of the most expensive burbs between SF and SV (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845122) |
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Date: January 25th, 2022 8:07 PM Author: anal motley hall Huh has this changed in the last 15 years? It’s been a while but when I lived in SF the schools were good compared to the city but LOLSPS compared to basically any place between Menlo Park and San Jose. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43847028) |
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Date: January 25th, 2022 8:18 PM Author: alcoholic national i think it's gone up because there are fewer ahem races that the Ivy League finds undesirable if you know what i mean (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43847113) |
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Date: January 25th, 2022 2:11 PM Author: overrated up-to-no-good fortuitous meteor Would be fine for $700-900k. (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43845048) |
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Date: January 25th, 2022 8:25 PM Author: obsidian racy step-uncle's house I just put an offer on a house for $300,000 less than asking. There's a good chance the seller will say it is "insulting", even though I'm offering what it was worth on Zillow just 4 months ago and $100,000 more than it was worth on Zillow last year... (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43847152) |
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Date: January 25th, 2022 8:26 PM Author: turquoise brethren unless it's a $5M+ home, there's a good chance the seller wont respond (http://www.autoadmit.com/thread.php?thread_id=5016410&forum_id=2#43847157) |
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Date: January 25th, 2022 8:37 PM Author: obsidian racy step-uncle's house The house has been siting for 30+ days and our realtor is well connected in our community and he thought it made sense.
The thing is no one has a fucking clue right now. 2 people could tour it tomorrow and bid it up to $300,000 over asking.
A year from now this house could be selling for $400,000 or $4,000,000. We're in the wild west. |