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Real Estate
Reply to "Next door house listed for $100k more."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a clear sign that the market is shifting. There is a fear of missing out. My friend in NY 1 hour from Manhattan told me that there are a lot of houses that have been listed in September. Some sellers don't want to wait until next summer. If you are a buyer this is an opportunity for a good deal. Even if you have kids in elementary it's worth moving them if you find a good deal in a good district. I think we will have the busiest September/October we have had in awhile [/quote] HAHA! clearly posted by a realtor. No one has FOMO in the real estate market right now, with 7% interest rates[/quote] But mortgage rates have been at that level though for awhile no? Have you seen the 10 year rate? I am not sure how mortgage rate can go below 5% with the direction of the 10 years rate. Those who can buy will do so. Those who can't will keep renting. And life goes on.[/quote]
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