Where I am, those are the starter homes.
Congrats in living in a nice neighborhood.
Where I am, those are the starter homes.
That wasn't a humble brag. 1st - I can't afford to buy, second, I'm talking about everything within miles. The market is a **** show here for buyers not from Cali.Congrats in living in a nice neighborhood.
Wut? How did I miss these “massive” layoffs?
For sure and only going to get worse.From what I’ve read, lending is tightening up again now as well.
Good news on that specific goal, but anything drastic will cause problems throughout the economy.While this sucks for home builders, this is good news for the fed, right? Perhaps we're actually starting to see the slowdown they were working to create.
Not sure if you're being serious or not.Wut? How did I miss these “massive” layoffs?
I wonder if we are going to start seeing larger variances in housing prices than we have in the past. Historically, housing prices have seen a slow and steady increase in value. However, since 2010, prices have increased at a quicker pace than historically seen. Then, when the pandemic hit, prices were just going wild. So I wonder if these wild swing in prices will make people more afraid to sell their home and potentially move than they would have in the past because they are hearing/seeing housing prices decreasing currently, but ignore the runup the past decade.
My wife is an Accounting Director for a conglomerate of real-estate offices in Central Iowa and they're staying busy with no current signs of slow-down. With housing so tight in the metro, would you expect that our "decline" will be less pronounced than the National average?
This is what happens when you listen to realtors on tik tok/IG Reels.
"Nearly three-fourths of Americans who purchased homes in 2021 and 2022 have regrets, according to Anytime Estimate’s American Home Buyer Survey, which was released in September."
‘I was kind of swept up’: Nearly 3 in 4 homebuyers who bought during the pandemic regret it now — here’s how to ensure you’re not one of them
You don’t have to be locked into a house you hate forever.www.yahoo.com
My general rule is to avoid taking advice from someone who will make money off of my decision.This is what happens when you listen to realtors on tik tok/IG Reels.
"Nearly three-fourths of Americans who purchased homes in 2021 and 2022 have regrets, according to Anytime Estimate’s American Home Buyer Survey, which was released in September."
‘I was kind of swept up’: Nearly 3 in 4 homebuyers who bought during the pandemic regret it now — here’s how to ensure you’re not one of them
You don’t have to be locked into a house you hate forever.www.yahoo.com
My general rule is to avoid taking advice from someone who will make money off of my decision.
Prices are going to drop like a rock. https://fortune.com/2022/11/13/pand...lling-15-percent-says-kpmg/?showAdminBar=true
If you owe $ on that house, you’re counting the debt in your net worth. My banker insists on including your home, but using a conservative value, when calculating NW.Going from a 3% to a 6.6% (easy math is my reason for those specific rates) would require a 27% drop in value to equalize the payment.
Right now, rates are kinda in that “normal” ranges.
The wild movements in house values is why it’s best to never use your house value in factoring net worth and other financial situations. You have to live somewhere and once you have owned a house, you almost never go back to renting.
If you owe $ on that house, you’re counting the debt in your net worth. My banker insists on including your home, but using a conservative value, when calculating NW.