I think the bubble is popping.

[Anonymous]

It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

[Anonymous]

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

[Anonymous]

I think there are a finite number of people who are willing to drop all contingencies for a place and they’ve already purchased their homes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

A lot of real estate is driven by families and they usually move in accordance with school schedules. They want to close on a house to be in a school district by the start of a school year. That's why you have these seasonal impacts on real estate.

It's surely a good thing for the market to cool down but seasonal factors absolutely play a role in real estate.

Those looking for a crash may be disappointed. In the last boom, prices peaked in 2005ish but the crash didn't happen until 2008, and quite late in 2008. You may have a long wait

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

A lot of real estate is driven by families and they usually move in accordance with school schedules. They want to close on a house to be in a school district by the start of a school year. That's why you have these seasonal impacts on real estate.

It's surely a good thing for the market to cool down but seasonal factors absolutely play a role in real estate.

Those looking for a crash may be disappointed. In the last boom, prices peaked in 2005ish but the crash didn't happen until 2008, and quite late in 2008. You may have a long wait

+1 My coworker has a kid starting K and they went ahead and rented a bigger house because they couldn't find anything by June.

[Anonymous]

We rented a place month to month and are still looking. Of course we would have preferred to be settled in a new place before school started but it just didn’t happen.
There hasn’t been tons of inventory, and good places in great locations are still selling quickly. Hoping for more inventory soon.

[Anonymous]

We're moving cross country with kids, we won't be looking in earnest until September, and we'll be in temporary housing for a bit. The timing is tied to a job and finishing a summer assignment here. Even if we could have timed the move precisely during summer, it would have been extremely tight, and what would be the point. Maybe, just maybe we'll have less competition buying in the fall. We're heading to an area where housing prices appreciated much more rapidly in the last year, than in the DC area. Seems highly unlikely any sort of bubble will pop in time for us. If anything DC prices still have plenty of room to climb, given interest rates are low, and the population overall is securely employed.

[Anonymous]

Just a personal experience- if you change jobs like I did, the underwriters for the mortgage may deny your application because of your job status- even if it’s the same job but different company. We didn’t know this, but they looked at your pay checks for 6 months and they want to see stable income from one place.

We were able to find a mortgage - but it was super stressful.

[Anonymous]

Anonymous wrote:Just a personal experience- if you change jobs like I did, the underwriters for the mortgage may deny your application because of your job status- even if it’s the same job but different company. We didn’t know this, but they looked at your pay checks for 6 months and they want to see stable income from one place.

We were able to find a mortgage - but it was super stressful.

Thanks. Same employer (and self-employed) just a relocation that couldn’t be timed better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Ew no I would not buy this even if I could afford it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Ew no I would not buy this even if I could afford it

LOL. In other words, you can’t afford an attractive house.

Check out the last page of the “H Street/Capitol Hill” thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Ew no I would not buy this even if I could afford it

LOL. In other words, you can’t afford an attractive house.

Check out the last page of the “H Street/Capitol Hill” thread.

No that house is fugly sorry

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's heading into August, which is one of the slowest times of the year for real estate. I think making these kinds of judgment calls based on a narrow window is rarely a good idea.

I would be glad if the market calmed down even if I have no plans to buy or sell anytime soon. It's healthier all around. But I still wouldn't make wide sweeping predictions based on a few weeks in the middle of the summer.

Next month the same people who post these types of comments will say "it's September, nobody wants to move" etc... People are always moving, of course more people move in the spring & early summer but more people are selling then too.

Show me an attractive and reasonably priced house (by reasonable I mean not higher than Spring 2021 comps) that is not selling.

This house is attractive and priced lower than spring comps. I am surprised it hasn’t sold.
https://www.redfin.com/VA/Falls-Church/704-Randolph-St-22046/home/12035522?2093706699=no_custom_share_sheet&1280460695=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Ew no I would not buy this even if I could afford it

LOL. In other words, you can’t afford an attractive house.

Check out the last page of the “H Street/Capitol Hill” thread.

No that house is fugly sorry

DP.

It isn’t great.

And there is a weird one car garage.