Forum Replies Created
-
AuthorPosts
-
freshman
ParticipantThe housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.
Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.
ParticipantThe housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.
Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.
ParticipantThe housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.
Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.
ParticipantThe banks won’t be stupid to flood the market with all foreclocured houses and push down the house price. They will only put them on market little by little, keep the price stable and they won’t lose too much money from selling the house in lower price than 2006/2007.
Also, the mortgage rate is much lower than before, it attracts people to buy now. Locking a lower rate is better than waiting for the uncertain further housing price drop. US prints money, your cash worth less is a big issue too.
Even though the inventory can be last for a year or more, the later you pick up from this pool, the fewer you can pick. People start to pick early, they have more and better choices.
Houses in good areas don’t drop as much as other areas. Go to see the houses or visit sale offices, feel the real market, buyers are going in and out
in good areas with reasonable price. Some good areas, buyers are in waiting list for the new houses.ParticipantThe banks won’t be stupid to flood the market with all foreclocured houses and push down the house price. They will only put them on market little by little, keep the price stable and they won’t lose too much money from selling the house in lower price than 2006/2007.
Also, the mortgage rate is much lower than before, it attracts people to buy now. Locking a lower rate is better than waiting for the uncertain further housing price drop. US prints money, your cash worth less is a big issue too.
Even though the inventory can be last for a year or more, the later you pick up from this pool, the fewer you can pick. People start to pick early, they have more and better choices.
Houses in good areas don’t drop as much as other areas. Go to see the houses or visit sale offices, feel the real market, buyers are going in and out
in good areas with reasonable price. Some good areas, buyers are in waiting list for the new houses.ParticipantThe banks won’t be stupid to flood the market with all foreclocured houses and push down the house price. They will only put them on market little by little, keep the price stable and they won’t lose too much money from selling the house in lower price than 2006/2007.
Also, the mortgage rate is much lower than before, it attracts people to buy now. Locking a lower rate is better than waiting for the uncertain further housing price drop. US prints money, your cash worth less is a big issue too.
Even though the inventory can be last for a year or more, the later you pick up from this pool, the fewer you can pick. People start to pick early, they have more and better choices.
Houses in good areas don’t drop as much as other areas. Go to see the houses or visit sale offices, feel the real market, buyers are going in and out
in good areas with reasonable price. Some good areas, buyers are in waiting list for the new houses.ParticipantThe banks won’t be stupid to flood the market with all foreclocured houses and push down the house price. They will only put them on market little by little, keep the price stable and they won’t lose too much money from selling the house in lower price than 2006/2007.
Also, the mortgage rate is much lower than before, it attracts people to buy now. Locking a lower rate is better than waiting for the uncertain further housing price drop. US prints money, your cash worth less is a big issue too.
Even though the inventory can be last for a year or more, the later you pick up from this pool, the fewer you can pick. People start to pick early, they have more and better choices.
Houses in good areas don’t drop as much as other areas. Go to see the houses or visit sale offices, feel the real market, buyers are going in and out
in good areas with reasonable price. Some good areas, buyers are in waiting list for the new houses.ParticipantThe banks won’t be stupid to flood the market with all foreclocured houses and push down the house price. They will only put them on market little by little, keep the price stable and they won’t lose too much money from selling the house in lower price than 2006/2007.
Also, the mortgage rate is much lower than before, it attracts people to buy now. Locking a lower rate is better than waiting for the uncertain further housing price drop. US prints money, your cash worth less is a big issue too.
Even though the inventory can be last for a year or more, the later you pick up from this pool, the fewer you can pick. People start to pick early, they have more and better choices.
Houses in good areas don’t drop as much as other areas. Go to see the houses or visit sale offices, feel the real market, buyers are going in and out
in good areas with reasonable price. Some good areas, buyers are in waiting list for the new houses.ParticipantI think it is time to buy a house this year. It doesn’t matter in 4S area or not, because
1. US is going to print more money, it will lower your cash value definitely. For the same thing, you need to pay more to buy it later. Although cash is king now, holding the cash and waiting for the housing to drop 5%-10% more is not good idea, you may need to pay more to buy a house later, because your cash weigh less.
2. Mortgage rate was about 4.8% last couple months. Now, the mortgage rate is about 5%. It is more sensible to lock the lower mortgage rate for 15-30 years than to wait for uncertain 5%-10% drop and the rate may goes up.
3. Early this year, one builders in 4S gave 3% for the buyer’s agent. Now, he only gives 2.5% to the agent. It shows the builders can sell their houses and more people to consume the new house. He doesn’t care about the buyer’s agent to help him to sell.
4. Many analysts mentions “Shadow Inventory” on the bank. Right, the banks hold many foreclosured homes but they don’t want to sell them cheap. Short-sell houses keep you wait for long time on the bank approval and push you to give higher bid than the original price usually. Even the house will drop more, it won’t be a lot, because the bank doesn’t want to sell it cheap. The bank only put the foreclosured houses on market little by little, so it won’t lower down the house price.
5. 4S is newly developed. Many non-qualified people bought the houses in 2006-2007 and caused many foreclosures in 4S. The well finance people start to pick them up now and it shows they have solid background to keep their house and value, as the bank approves the mortgage for these people under the strict rules. So, I am not worry about the neighbours in 4S.ParticipantI think it is time to buy a house this year. It doesn’t matter in 4S area or not, because
1. US is going to print more money, it will lower your cash value definitely. For the same thing, you need to pay more to buy it later. Although cash is king now, holding the cash and waiting for the housing to drop 5%-10% more is not good idea, you may need to pay more to buy a house later, because your cash weigh less.
2. Mortgage rate was about 4.8% last couple months. Now, the mortgage rate is about 5%. It is more sensible to lock the lower mortgage rate for 15-30 years than to wait for uncertain 5%-10% drop and the rate may goes up.
3. Early this year, one builders in 4S gave 3% for the buyer’s agent. Now, he only gives 2.5% to the agent. It shows the builders can sell their houses and more people to consume the new house. He doesn’t care about the buyer’s agent to help him to sell.
4. Many analysts mentions “Shadow Inventory” on the bank. Right, the banks hold many foreclosured homes but they don’t want to sell them cheap. Short-sell houses keep you wait for long time on the bank approval and push you to give higher bid than the original price usually. Even the house will drop more, it won’t be a lot, because the bank doesn’t want to sell it cheap. The bank only put the foreclosured houses on market little by little, so it won’t lower down the house price.
5. 4S is newly developed. Many non-qualified people bought the houses in 2006-2007 and caused many foreclosures in 4S. The well finance people start to pick them up now and it shows they have solid background to keep their house and value, as the bank approves the mortgage for these people under the strict rules. So, I am not worry about the neighbours in 4S.ParticipantI think it is time to buy a house this year. It doesn’t matter in 4S area or not, because
1. US is going to print more money, it will lower your cash value definitely. For the same thing, you need to pay more to buy it later. Although cash is king now, holding the cash and waiting for the housing to drop 5%-10% more is not good idea, you may need to pay more to buy a house later, because your cash weigh less.
2. Mortgage rate was about 4.8% last couple months. Now, the mortgage rate is about 5%. It is more sensible to lock the lower mortgage rate for 15-30 years than to wait for uncertain 5%-10% drop and the rate may goes up.
3. Early this year, one builders in 4S gave 3% for the buyer’s agent. Now, he only gives 2.5% to the agent. It shows the builders can sell their houses and more people to consume the new house. He doesn’t care about the buyer’s agent to help him to sell.
4. Many analysts mentions “Shadow Inventory” on the bank. Right, the banks hold many foreclosured homes but they don’t want to sell them cheap. Short-sell houses keep you wait for long time on the bank approval and push you to give higher bid than the original price usually. Even the house will drop more, it won’t be a lot, because the bank doesn’t want to sell it cheap. The bank only put the foreclosured houses on market little by little, so it won’t lower down the house price.
5. 4S is newly developed. Many non-qualified people bought the houses in 2006-2007 and caused many foreclosures in 4S. The well finance people start to pick them up now and it shows they have solid background to keep their house and value, as the bank approves the mortgage for these people under the strict rules. So, I am not worry about the neighbours in 4S.ParticipantI think it is time to buy a house this year. It doesn’t matter in 4S area or not, because
1. US is going to print more money, it will lower your cash value definitely. For the same thing, you need to pay more to buy it later. Although cash is king now, holding the cash and waiting for the housing to drop 5%-10% more is not good idea, you may need to pay more to buy a house later, because your cash weigh less.
2. Mortgage rate was about 4.8% last couple months. Now, the mortgage rate is about 5%. It is more sensible to lock the lower mortgage rate for 15-30 years than to wait for uncertain 5%-10% drop and the rate may goes up.
3. Early this year, one builders in 4S gave 3% for the buyer’s agent. Now, he only gives 2.5% to the agent. It shows the builders can sell their houses and more people to consume the new house. He doesn’t care about the buyer’s agent to help him to sell.
4. Many analysts mentions “Shadow Inventory” on the bank. Right, the banks hold many foreclosured homes but they don’t want to sell them cheap. Short-sell houses keep you wait for long time on the bank approval and push you to give higher bid than the original price usually. Even the house will drop more, it won’t be a lot, because the bank doesn’t want to sell it cheap. The bank only put the foreclosured houses on market little by little, so it won’t lower down the house price.
5. 4S is newly developed. Many non-qualified people bought the houses in 2006-2007 and caused many foreclosures in 4S. The well finance people start to pick them up now and it shows they have solid background to keep their house and value, as the bank approves the mortgage for these people under the strict rules. So, I am not worry about the neighbours in 4S.ParticipantI think it is time to buy a house this year. It doesn’t matter in 4S area or not, because
1. US is going to print more money, it will lower your cash value definitely. For the same thing, you need to pay more to buy it later. Although cash is king now, holding the cash and waiting for the housing to drop 5%-10% more is not good idea, you may need to pay more to buy a house later, because your cash weigh less.
2. Mortgage rate was about 4.8% last couple months. Now, the mortgage rate is about 5%. It is more sensible to lock the lower mortgage rate for 15-30 years than to wait for uncertain 5%-10% drop and the rate may goes up.
3. Early this year, one builders in 4S gave 3% for the buyer’s agent. Now, he only gives 2.5% to the agent. It shows the builders can sell their houses and more people to consume the new house. He doesn’t care about the buyer’s agent to help him to sell.
4. Many analysts mentions “Shadow Inventory” on the bank. Right, the banks hold many foreclosured homes but they don’t want to sell them cheap. Short-sell houses keep you wait for long time on the bank approval and push you to give higher bid than the original price usually. Even the house will drop more, it won’t be a lot, because the bank doesn’t want to sell it cheap. The bank only put the foreclosured houses on market little by little, so it won’t lower down the house price.
5. 4S is newly developed. Many non-qualified people bought the houses in 2006-2007 and caused many foreclosures in 4S. The well finance people start to pick them up now and it shows they have solid background to keep their house and value, as the bank approves the mortgage for these people under the strict rules. So, I am not worry about the neighbours in 4S. -
AuthorPosts