Will DC housing prices rise if/when Fed cuts rates in September?

[Anonymous]

Anonymous wrote:

Anonymous wrote:And if Trump wins, his Project 2025 will mean negative changes to 30 year mortgages, higher inflation, and higher taxes. Buy NOW.

project 2025 is a dem scare tactic and intensified after Biden got destroyed at the debate.

but in this area, i'd buy now if I found something i'd like.

trying to time it or wait for some major economic crash like in 2008, really means you'll keep paying more

+1 You have no idea if or when a crash will come. You'll be paying a lot of money in rent and watching prices rise while waiting for something that may or may not happen.

[Anonymous]

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

Lucky you, you’ve probably made at least $1m in appreciation thanks to rates falling. My parents bought in 1979for $100k at 18% interest and their property is worth well over $2m now.

[Anonymous]

Don't wait. By now.

[Anonymous]

Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

Sure but your first home cost you a whole 3 blueberries, not 1 million dollars as todays’ starter homes.

Yes and we were paid 6 blueberries.

[Anonymous]

Limited supply + Pentup demand + Sept rate cuts = Higher home prices. BUY. NOW.

[Anonymous]

Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.

There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.

There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.

Those are highly unlikely scenarios. It is FAR more likely that our economy will stay strong, inflation will continue to fall, and the Fed will have multiple rate cuts, the first of which should be in Sept.

Sure, something totally unexpected could happen but decisions should be based on facts, data, and likely scenarios. The most likely scenario is that housing prices will rise when rates start to drop.

[Anonymous]

Buy now, inventory is high and homes are sitting and even dropping in price. Spring fever is long gone. Homes now are sitting for longer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.

There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.

Those are highly unlikely scenarios. It is FAR more likely that our economy will stay strong, inflation will continue to fall, and the Fed will have multiple rate cuts, the first of which should be in Sept.

Sure, something totally unexpected could happen but decisions should be based on facts, data, and likely scenarios. The most likely scenario is that housing prices will rise when rates start to drop.

+1 There's always at least some possibility of a market crash, but you can't sit on the sidelines forever. There's no data to show that it's highly likely that prices will be lower next year.

[Anonymous]

It’s always a good time to buy, say realtors. Now, the maxim is true

[Anonymous]

Anonymous wrote:Buy now, inventory is high and homes are sitting and even dropping in price. Spring fever is long gone. Homes now are sitting for longer.

This! If you see a house that you like, go for it! The rate cuts won't be substantial enough to make big difference in our mortgage payments. And if they turn out to be substantial, you can always refinance.

[Anonymous]

I would buy now and not wait. Rate cuts usually mean higher prices.

[Anonymous]

rat cut will increase demand and prices. if 30 year mortgage rates drop to low 5s, you could then see more inventory as those sitting on 3% mortgages may then look to move up. Just my 2 cents.

[Anonymous]

Buy now and refi later.

Housing prices are going to go up in the DC area so you'll definitely have equity to refinance.