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Participant[quote=SD Realtor]We may get some traction on the bear side. Rates are moving up quick. Prices tend to not react in lock step though but that indeed may knock some of the wind out of this rally. Of course if you are a buyer this hurts unless you are in cash. [/quote]
How will it hurt the buyers without cash? I know, higher interest rates, but like you write it helps with the “traction on the bear side”, meaning lower principle. There’s only so much buying power in the market and with the economy that’s only getting worse.
I’d rather get the low price than the low interest rate. You can refinance later.
Participant[quote=SD Realtor]We may get some traction on the bear side. Rates are moving up quick. Prices tend to not react in lock step though but that indeed may knock some of the wind out of this rally. Of course if you are a buyer this hurts unless you are in cash. [/quote]
How will it hurt the buyers without cash? I know, higher interest rates, but like you write it helps with the “traction on the bear side”, meaning lower principle. There’s only so much buying power in the market and with the economy that’s only getting worse.
I’d rather get the low price than the low interest rate. You can refinance later.
ParticipantI don’t think anything went over my head. I understood this was just a change in how inventory was counted and that you did too. Seems like a good thing to me.
But I don’t agree that the market for buyers will suck “for a few years to come”. Not with unemployment at 11%. Maybe in the lower priced areas the bottom is near, but it’s nowhere near there in the higher priced areas.
ParticipantI don’t think anything went over my head. I understood this was just a change in how inventory was counted and that you did too. Seems like a good thing to me.
But I don’t agree that the market for buyers will suck “for a few years to come”. Not with unemployment at 11%. Maybe in the lower priced areas the bottom is near, but it’s nowhere near there in the higher priced areas.
ParticipantI don’t think anything went over my head. I understood this was just a change in how inventory was counted and that you did too. Seems like a good thing to me.
But I don’t agree that the market for buyers will suck “for a few years to come”. Not with unemployment at 11%. Maybe in the lower priced areas the bottom is near, but it’s nowhere near there in the higher priced areas.
ParticipantI don’t think anything went over my head. I understood this was just a change in how inventory was counted and that you did too. Seems like a good thing to me.
But I don’t agree that the market for buyers will suck “for a few years to come”. Not with unemployment at 11%. Maybe in the lower priced areas the bottom is near, but it’s nowhere near there in the higher priced areas.
ParticipantI don’t think anything went over my head. I understood this was just a change in how inventory was counted and that you did too. Seems like a good thing to me.
But I don’t agree that the market for buyers will suck “for a few years to come”. Not with unemployment at 11%. Maybe in the lower priced areas the bottom is near, but it’s nowhere near there in the higher priced areas.
ParticipantThe real inventory won’t plummet.
ParticipantThe real inventory won’t plummet.
ParticipantThe real inventory won’t plummet.
ParticipantThe real inventory won’t plummet.
ParticipantThe real inventory won’t plummet.
Participant[quote=paramount]I was surprised to see (4) houses go into foreclosure this past week alone on my street.
I thought the worst of it was over in terms of foreclosures…[/quote]
I’ve seen several new foreclosures this past week in the areas I track.
Participant[quote=paramount]I was surprised to see (4) houses go into foreclosure this past week alone on my street.
I thought the worst of it was over in terms of foreclosures…[/quote]
I’ve seen several new foreclosures this past week in the areas I track.
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