Anonymous wrote:Why would prices go down? Feds are soon to get a 5% raise across the board, and strong tech and businesses will follow suit. Mid-career couples will find themselves with a hefty pay increase compared to where they were this summer. So I don't see how that is a downward pressure on bids and competition come springtime given how crazy it already is.

I dont think the prices will come down either, they will either stagnate or the rate of rise in prices will slow down. However, I fail to see how a 5% increase for the Feds will have any effect on the prices. Fed salaries are relatively low (justifiably in my view), and a 5% increase on for example, 150k is only 7500k (and even less after taxes more like 5k). Even if we take the highest band GS15 Step 10, that's 183k now, and will only rise by 9k gross, or more like 6k after taxes. I fail to see how such a small increase will effect someone's buying power in any meaningful way.

Anonymous wrote:

Anonymous wrote:The thinking is that rates will go down and so many people will then be comfortable selling that they'll flood the market and prices will go down.

I don't think so. Those people won't be selling their homes at a discount.

This the market will be flooded.

Then you should definitely wait to but. Please let us know how that works out.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rates go down prices will continue to go up but higher and faster

That's certainly possible and maybe likely. But I also think we could see a big influx of listings by people who haven't wanted to sell due to their low interest rate. Whether that supply could possibly outpace demand - I don't know.

There wasn't enough supply before when rates were low and prices had already jumped significantly. There were literal lines to to get into open houses. Prices are not going to go down lol

no where did I say they would go down - I was saying it was possible they won't go up "higher and faster"

Anonymous wrote:The thinking is that rates will go down and so many people will then be comfortable selling that they'll flood the market and prices will go down.

I don't think so. Those people won't be selling their homes at a discount.

This the market will be flooded.

The thinking is that rates will go down and so many people will then be comfortable selling that they'll flood the market and prices will go down.

I don't think so. Those people won't be selling their homes at a discount.

Anonymous wrote:

Anonymous wrote:Rates go down prices will continue to go up but higher and faster

That's certainly possible and maybe likely. But I also think we could see a big influx of listings by people who haven't wanted to sell due to their low interest rate. Whether that supply could possibly outpace demand - I don't know.

There wasn't enough supply before when rates were low and prices had already jumped significantly. There were literal lines to to get into open houses. Prices are not going to go down lol

Anonymous wrote:Rates go down prices will continue to go up but higher and faster

That's certainly possible and maybe likely. But I also think we could see a big influx of listings by people who haven't wanted to sell due to their low interest rate. Whether that supply could possibly outpace demand - I don't know.

Rates go down prices will continue to go up but higher and faster

Why would prices go down? Feds are soon to get a 5% raise across the board, and strong tech and businesses will follow suit. Mid-career couples will find themselves with a hefty pay increase compared to where they were this summer. So I don't see how that is a downward pressure on bids and competition come springtime given how crazy it already is.

Inflation must slow, then rates will go down, prices will soften

You didn't get enough ridicule in the other thread for this nonsense, now you want to open it up to a larger audience?

Maybe the prices will eventually stagnate, but it seems like lower rates will flood the market with buyers.
Even if lower rates result in more sellers, that can’t overcome the undersupply problem in coveted areas like DC.

If the rates go down. And it depends what's happening with the economy.

Prices will continue to slightly soften in places that went really gangbusters during COVID (eg, Florida), but we are at an (expensive) nominal price plateau for the next 5-6 years.

Real prices will decline as inflation eats away at values.

I have a wild theory--when interest rates go down, prices will go down. People waiting on the sidelines are not going to pay the double-down run up in prices that happened way after rates went up, the price increases that were due to supply constraints. People needing to sell do not have to sell at those prices to make a profit.