got quoted for 4.625 percent 30 year fixed loan today (high conforming LTV of 85)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

And this area will still see home prices rise. You just won’t be seeing anymore old shacks for nearly 2 million anymore. Quite frankly, we need a correction like this.

This is what people said last time and we bought our house in 2010 at a 30%ish discount. But keep kidding yourself.

Buying in 2010 in someplace like West Virginia doesn’t count as the dmv.

Bought in late 2009, inside the beltway, Nova -Northwest region. From the top estimated value during the boom to what we bought it at in 2009 there was ~33% drop in price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

And this area will still see home prices rise. You just won’t be seeing anymore old shacks for nearly 2 million anymore. Quite frankly, we need a correction like this.

This is what people said last time and we bought our house in 2010 at a 30%ish discount. But keep kidding yourself.

Where was this?

Arlington and since 2010 it has doubled. It’s absurd and frankly not worth what we could sell it for.

[Anonymous]

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

Oh no, I could lose a whole 18 months worth of appreciation if that happens!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

Oh no, I could lose a whole 18 months worth of appreciation if that happens!

Also, he said sales would be down 25%, not prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

Oh no, I could lose a whole 18 months worth of appreciation if that happens!

Let's say this happens, I'm not really concerned because I'm not selling anytime soon. By the time I plan to sell this will be in the rearview mirror.

[Anonymous]

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

So things will correct themselves back to the 2020 levels? I can live with this.

But you’re in la-la land if you think houses around here will lose 50% in value.

[Anonymous]

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

home SALES are a lot different than home PRICES

[Anonymous]

We purchased in 2020 in a close in PG Suburb and two homes in our development sold for 150k over what we paid and the homes were not updated like ours.

We'll need the current equity in our home to move on, so we are considering selling now instead of next years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

And this area will still see home prices rise. You just won’t be seeing anymore old shacks for nearly 2 million anymore. Quite frankly, we need a correction like this.

This is what people said last time and we bought our house in 2010 at a 30%ish discount. But keep kidding yourself.

Where was this?

Arlington and since 2010 it has doubled. It’s absurd and frankly not worth what we could sell it for.

Which neighborhood saw a 30% drop? It is a SFH?

Very unusual for desirable neighborhoods.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

home SALES are a lot different than home PRICES

True, but drops in sales could mean more inventory. More inventory is good for buyers and may force some sellers to reduce their prices in order to attract those buyers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

And this area will still see home prices rise. You just won’t be seeing anymore old shacks for nearly 2 million anymore. Quite frankly, we need a correction like this.

This is what people said last time and we bought our house in 2010 at a 30%ish discount. But keep kidding yourself.

Where was this?

Arlington and since 2010 it has doubled. It’s absurd and frankly not worth what we could sell it for.

Which neighborhood saw a 30% drop? It is a SFH?

Very unusual for desirable neighborhoods.

Only explanations I can think of is PP is lying or forgot to mention the house burned to the ground in 2009.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You’re not the only one OP and prices should start to reflect this.

Prices don’t have anything to do with rates

This is one of those things you see economics types claim that may have some validity, but you always suspect whatever validity it has is far less than asserted. I guess we’ll find out soon enough.

There are years of data that support this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I saw a headline today: “The housing market is in the early stages of a substantial downshift; Home sales may drop 25% by the end of Summer, according to this analyst”

It feels like 2007 all over with housing and stocks. Buckle up folks.

And this area will still see home prices rise. You just won’t be seeing anymore old shacks for nearly 2 million anymore. Quite frankly, we need a correction like this.

This is what people said last time and we bought our house in 2010 at a 30%ish discount. But keep kidding yourself.

Where was this?

Arlington and since 2010 it has doubled. It’s absurd and frankly not worth what we could sell it for.

Which neighborhood saw a 30% drop? It is a SFH?

Very unusual for desirable neighborhoods.

Only explanations I can think of is PP is lying or forgot to mention the house burned to the ground in 2009.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You’re not the only one OP and prices should start to reflect this.

Prices don’t have anything to do with rates

Well, OP is one person who disproves what you're saying. Look, I get it, you've bought into all of the agent propaganda about how it's always a good time to buy, and also that it's always a good time to sell. But if rates go up, people quite clearly will have to adjust their price range.

OP doesn't disprove anything. Unless you are asserting that the price for a house she would have bid on has been depressed because she's not bidding? Which you have no way of knowing.

[Anonymous]

Find a house with an assumable FHA mortgage at old rates.