Anonymous
Post 07/17/2024 14:40     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Buy now and refi later.

Housing prices are going to go up in the DC area so you'll definitely have equity to refinance.
Anonymous
Post 07/17/2024 14:10     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
rat cut will increase demand and prices. if 30 year mortgage rates drop to low 5s, you could then see more inventory as those sitting on 3% mortgages may then look to move up. Just my 2 cents.
Anonymous
Post 07/17/2024 09:37     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
I would buy now and not wait. Rate cuts usually mean higher prices.
Anonymous
Post 07/17/2024 09:17     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:Buy now, inventory is high and homes are sitting and even dropping in price. Spring fever is long gone. Homes now are sitting for longer.


This! If you see a house that you like, go for it! The rate cuts won't be substantial enough to make big difference in our mortgage payments. And if they turn out to be substantial, you can always refinance.
Anonymous
Post 07/17/2024 08:44     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
It’s always a good time to buy, say realtors. Now, the maxim is true
Anonymous
Post 07/17/2024 06:18     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.


There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.


Those are highly unlikely scenarios. It is FAR more likely that our economy will stay strong, inflation will continue to fall, and the Fed will have multiple rate cuts, the first of which should be in Sept.

Sure, something totally unexpected could happen but decisions should be based on facts, data, and likely scenarios. The most likely scenario is that housing prices will rise when rates start to drop.


+1 There's always at least some possibility of a market crash, but you can't sit on the sidelines forever. There's no data to show that it's highly likely that prices will be lower next year.
Anonymous
Post 07/17/2024 00:31     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Buy now, inventory is high and homes are sitting and even dropping in price. Spring fever is long gone. Homes now are sitting for longer.
Anonymous
Post 07/16/2024 22:07     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:
Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.


There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.


Those are highly unlikely scenarios. It is FAR more likely that our economy will stay strong, inflation will continue to fall, and the Fed will have multiple rate cuts, the first of which should be in Sept.

Sure, something totally unexpected could happen but decisions should be based on facts, data, and likely scenarios. The most likely scenario is that housing prices will rise when rates start to drop.
Anonymous
Post 07/16/2024 21:58     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.


There are lots of reasons — the election, inflation, a stock market bubble, commercial real estate perhaps taking down banks, a black swan event etc. You might not find the reasons to be compelling but that doesn’t mean they don’t exist.
Anonymous
Post 07/16/2024 21:02     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Limited supply + Pentup demand + Sept rate cuts = Higher home prices. BUY. NOW.
Anonymous
Post 07/16/2024 20:49     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:
Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

Sure but your first home cost you a whole 3 blueberries, not 1 million dollars as todays’ starter homes.


Yes and we were paid 6 blueberries.
Anonymous
Post 07/16/2024 19:46     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Prices are already up now from January when we first started looking. There’s no reason to think they’ll go down in the immediate future.
Anonymous
Post 07/16/2024 19:33     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Don't wait. By now.
Anonymous
Post 07/16/2024 19:23     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.


Lucky you, you’ve probably made at least $1m in appreciation thanks to rates falling. My parents bought in 1979for $100k at 18% interest and their property is worth well over $2m now.
Anonymous
Post 07/16/2024 18:33     Subject: Will DC housing prices rise if/when Fed cuts rates in September?
Anonymous wrote:
Anonymous wrote:And if Trump wins, his Project 2025 will mean negative changes to 30 year mortgages, higher inflation, and higher taxes. Buy NOW.



project 2025 is a dem scare tactic and intensified after Biden got destroyed at the debate.

but in this area, i'd buy now if I found something i'd like.

trying to time it or wait for some major economic crash like in 2008, really means you'll keep paying more



+1 You have no idea if or when a crash will come. You'll be paying a lot of money in rent and watching prices rise while waiting for something that may or may not happen.