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propertysearchaddiction
ParticipantI completely agree with Mr. Mortgage. Look at the Median Resale PPsqft graph on Piggington. Right now reminds me of 2007. Prices were coming down, people were excited and ready to jump in.
First the median price went down -10% and then actually went back up to -5% in 2007. I remember thinking people were getting great deals and some great bank owned property. And them BAM! Winter hit and the prices started dropping like a brick. If you look at the graph it drops almost straight down about -15%-20% in 2008.
I am betting on a 2007 repeat where we have a slight 5% uptick on the curve during the summer selling season and everyone is amazed at the great deals. Then BAM! Fall and winter bring a shock that ppsqft can still continue to drop 10%-15%. I predict the graph will be steep and shocking. We all want it to be over but I think we are far from it.ParticipantI completely agree with Mr. Mortgage. Look at the Median Resale PPsqft graph on Piggington. Right now reminds me of 2007. Prices were coming down, people were excited and ready to jump in.
First the median price went down -10% and then actually went back up to -5% in 2007. I remember thinking people were getting great deals and some great bank owned property. And them BAM! Winter hit and the prices started dropping like a brick. If you look at the graph it drops almost straight down about -15%-20% in 2008.
I am betting on a 2007 repeat where we have a slight 5% uptick on the curve during the summer selling season and everyone is amazed at the great deals. Then BAM! Fall and winter bring a shock that ppsqft can still continue to drop 10%-15%. I predict the graph will be steep and shocking. We all want it to be over but I think we are far from it.ParticipantI completely agree with Mr. Mortgage. Look at the Median Resale PPsqft graph on Piggington. Right now reminds me of 2007. Prices were coming down, people were excited and ready to jump in.
First the median price went down -10% and then actually went back up to -5% in 2007. I remember thinking people were getting great deals and some great bank owned property. And them BAM! Winter hit and the prices started dropping like a brick. If you look at the graph it drops almost straight down about -15%-20% in 2008.
I am betting on a 2007 repeat where we have a slight 5% uptick on the curve during the summer selling season and everyone is amazed at the great deals. Then BAM! Fall and winter bring a shock that ppsqft can still continue to drop 10%-15%. I predict the graph will be steep and shocking. We all want it to be over but I think we are far from it.ParticipantI completely agree with Mr. Mortgage. Look at the Median Resale PPsqft graph on Piggington. Right now reminds me of 2007. Prices were coming down, people were excited and ready to jump in.
First the median price went down -10% and then actually went back up to -5% in 2007. I remember thinking people were getting great deals and some great bank owned property. And them BAM! Winter hit and the prices started dropping like a brick. If you look at the graph it drops almost straight down about -15%-20% in 2008.
I am betting on a 2007 repeat where we have a slight 5% uptick on the curve during the summer selling season and everyone is amazed at the great deals. Then BAM! Fall and winter bring a shock that ppsqft can still continue to drop 10%-15%. I predict the graph will be steep and shocking. We all want it to be over but I think we are far from it.ParticipantIt is the first thing I check in the morning, last thing I check at night and I usually find 15 min in the middle of the day to check my daily blogs, bubbleinfo,redfin, sdlookup, attend open houses. One day I checked Redfin 5 times as if it would change every hour…that day I realized this is not just informational…I have an addiction.
ParticipantIt is the first thing I check in the morning, last thing I check at night and I usually find 15 min in the middle of the day to check my daily blogs, bubbleinfo,redfin, sdlookup, attend open houses. One day I checked Redfin 5 times as if it would change every hour…that day I realized this is not just informational…I have an addiction.
ParticipantIt is the first thing I check in the morning, last thing I check at night and I usually find 15 min in the middle of the day to check my daily blogs, bubbleinfo,redfin, sdlookup, attend open houses. One day I checked Redfin 5 times as if it would change every hour…that day I realized this is not just informational…I have an addiction.
ParticipantIt is the first thing I check in the morning, last thing I check at night and I usually find 15 min in the middle of the day to check my daily blogs, bubbleinfo,redfin, sdlookup, attend open houses. One day I checked Redfin 5 times as if it would change every hour…that day I realized this is not just informational…I have an addiction.
ParticipantIt is the first thing I check in the morning, last thing I check at night and I usually find 15 min in the middle of the day to check my daily blogs, bubbleinfo,redfin, sdlookup, attend open houses. One day I checked Redfin 5 times as if it would change every hour…that day I realized this is not just informational…I have an addiction.
ParticipantIf you want to buy a home with 10% down there are ways.
1st you will probably enjoy your new home if you have at least $25,000-$30,00 in a cash emergency fund at minimum. My opinion is that you should save another $20,000 and go for it at the end of the year. And who knows maybe that $400,000 home is $350,000 by the end of the year?If your loan is under $417,000 you can have the PMI paid upfront in closing by the seller and never have to pay it. Even with PMI your payment is around $2300. Very similar to rent or cheaper depending on your location. Look at Aimloan.com or Amerisave.com
ParticipantIf you want to buy a home with 10% down there are ways.
1st you will probably enjoy your new home if you have at least $25,000-$30,00 in a cash emergency fund at minimum. My opinion is that you should save another $20,000 and go for it at the end of the year. And who knows maybe that $400,000 home is $350,000 by the end of the year?If your loan is under $417,000 you can have the PMI paid upfront in closing by the seller and never have to pay it. Even with PMI your payment is around $2300. Very similar to rent or cheaper depending on your location. Look at Aimloan.com or Amerisave.com
ParticipantIf you want to buy a home with 10% down there are ways.
1st you will probably enjoy your new home if you have at least $25,000-$30,00 in a cash emergency fund at minimum. My opinion is that you should save another $20,000 and go for it at the end of the year. And who knows maybe that $400,000 home is $350,000 by the end of the year?If your loan is under $417,000 you can have the PMI paid upfront in closing by the seller and never have to pay it. Even with PMI your payment is around $2300. Very similar to rent or cheaper depending on your location. Look at Aimloan.com or Amerisave.com
ParticipantIf you want to buy a home with 10% down there are ways.
1st you will probably enjoy your new home if you have at least $25,000-$30,00 in a cash emergency fund at minimum. My opinion is that you should save another $20,000 and go for it at the end of the year. And who knows maybe that $400,000 home is $350,000 by the end of the year?If your loan is under $417,000 you can have the PMI paid upfront in closing by the seller and never have to pay it. Even with PMI your payment is around $2300. Very similar to rent or cheaper depending on your location. Look at Aimloan.com or Amerisave.com
ParticipantIf you want to buy a home with 10% down there are ways.
1st you will probably enjoy your new home if you have at least $25,000-$30,00 in a cash emergency fund at minimum. My opinion is that you should save another $20,000 and go for it at the end of the year. And who knows maybe that $400,000 home is $350,000 by the end of the year?If your loan is under $417,000 you can have the PMI paid upfront in closing by the seller and never have to pay it. Even with PMI your payment is around $2300. Very similar to rent or cheaper depending on your location. Look at Aimloan.com or Amerisave.com
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