Anonymous
08/14/2023 07:35
Subject: Feels like market is hitting a wall
Anonymous wrote:Anonymous wrote:Someone posts this exact same thing every August.
This is different "slow" means low # of listings and low # of buyers what we are seeing now is lots of listings and not a lot of offers.
There most certainly are not "lots of listings."
Anonymous
08/14/2023 07:33
Subject: Feels like market is hitting a wall
High prices + high interest rates + low inventory are finally starting to take their toll. There’s only so much stretching and compromising most people are willing to do.
Anonymous
08/14/2023 00:39
Subject: Feels like market is hitting a wall
There was only one 550-650k house in my sfh neighborhood for sale this year. It was snapped up, and we live in a poor school district. There aren't many houses available at affordable prices for most people.
Anonymous
08/13/2023 23:40
Subject: Feels like market is hitting a wall
Anonymous wrote:Someone posts this exact same thing every August.
This is different "slow" means low # of listings and low # of buyers what we are seeing now is lots of listings and not a lot of offers.
Anonymous
08/13/2023 23:25
Subject: Feels like market is hitting a wall
Someone posts this exact same thing every August.
Anonymous
08/13/2023 21:52
Subject: Feels like market is hitting a wall
Anonymous wrote:In my exurb, 600k houses are selling fast, 4-500k townhouses are mixed, and 7-800k houses are sitting. So There’s still a strong demand for a sweet spot, but outside of that stuff is sitting.
Nobody in their right mind would pay $800,000 to live in an exurb. Plenty of other options closer in at that price.
Anonymous
08/13/2023 21:49
Subject: Feels like market is hitting a wall
There's no inventory. People with 2-4 percent rates are not gonna sell and take on an 8 percent rate mortgage unless they absolutely have to, and the rates are scaring away potential first-time buyers (unless they are rich enough to pay cash). The market is essentially frozen.
Anonymous
08/13/2023 21:21
Subject: Feels like market is hitting a wall
Anonymous wrote:It's August. It's always slow now.
+1. There's no demand now that the before school summer shuffle is over. I would not be surprised to see a lull through the end of the year until next year's spring market, with more robust demand.
Anonymous
08/13/2023 21:16
Subject: Feels like market is hitting a wall
In my exurb, 600k houses are selling fast, 4-500k townhouses are mixed, and 7-800k houses are sitting. So There’s still a strong demand for a sweet spot, but outside of that stuff is sitting.
Anonymous
08/13/2023 17:41
Subject: Feels like market is hitting a wall
Crime scaring away buyers?
Anonymous
08/13/2023 17:19
Subject: Feels like market is hitting a wall
Interest rates starting to take their toll exactly as the fed wants.
Anonymous
08/13/2023 17:01
Subject: Feels like market is hitting a wall
Yes I’m getting this vibe. I am not in the market and not paying that close attention. But I have noticed some houses sitting when 2 weeks ago (still the summer market), they went under contract right away.
Anonymous
08/13/2023 16:59
Subject: Feels like market is hitting a wall
The market is running out of suckers, so yes prices are hitting a wall.
Anonymous
08/13/2023 16:28
Subject: Feels like market is hitting a wall
It's August. It's always slow now.
Anonymous
08/13/2023 16:21
Subject: Feels like market is hitting a wall
Inventory not moving for decently priced homes in Upper NW… concerning for sure but maybe just a hiccup and back to “normal”.
What do you all think?
What do you all think?