Anonymous
06/20/2021 12:40
Subject: I think the bubble is popping.
Anonymous wrote:Anonymous wrote:The paying above ask is a stupid metric. Let’s say three homes on block last year sold 550k, 600k, $610k all three originally priced at $500k.
I price my home $630k and sell $610k. Is that a sign of a slowing market?
It is if there is only one offer
Lol, NP but that is so arbitrary
Anonymous
06/20/2021 12:37
Subject: I think the bubble is popping.
Anonymous wrote:Anonymous wrote:House in Olney just sold for 50k more. But most are sitting in the market way longer
Ditto for overpriced home in Brookeville, but they are worried about it appraising.
As they should be. Noticed that many just sold houses are having a Zillow or redfin estimate negative 50- 300K from the sale price!
Anonymous
06/20/2021 12:26
Subject: Re:I think the bubble is popping.
The problem is that number of offers are now less but prices are still high.
Anonymous
06/20/2021 11:38
Subject: I think the bubble is popping.
Anonymous wrote:The paying above ask is a stupid metric. Let’s say three homes on block last year sold 550k, 600k, $610k all three originally priced at $500k.
I price my home $630k and sell $610k. Is that a sign of a slowing market?
It is if there is only one offer
Anonymous
06/20/2021 11:20
Subject: I think the bubble is popping.
The paying above ask is a stupid metric. Let’s say three homes on block last year sold 550k, 600k, $610k all three originally priced at $500k.
I price my home $630k and sell $610k. Is that a sign of a slowing market?
I price my home $630k and sell $610k. Is that a sign of a slowing market?
Anonymous
06/20/2021 11:06
Subject: I think the bubble is popping.
Anonymous wrote:Rates to stay low until 2023
Why do you think this?
Anonymous
06/20/2021 10:43
Subject: I think the bubble is popping.
Anonymous wrote:House in Olney just sold for 50k more. But most are sitting in the market way longer
Ditto for overpriced home in Brookeville, but they are worried about it appraising.
Anonymous
06/20/2021 10:40
Subject: I think the bubble is popping.
We've been looking for a 2-3 bedroom in DC or a close-in suburb and can say that this is NOT our recent experience. Still tons of offers, everyone is waiving everything, still fighting for half-decent houses, etc etc.
I don't think condos are comparable at all.
I don't think condos are comparable at all.
Anonymous
06/20/2021 10:30
Subject: I think the bubble is popping.
Townhouses in Fredericksburg is going way above the asking still.
Anonymous
06/20/2021 09:17
Subject: I think the bubble is popping.
Definitely slowing. We are looking now and have an offer in. There were zero other offers. No paying above ask price. They even took the deal with an appraisal and inspection contingency in place. Seeing a ton more inventory come to market as well and building up. The window to get peak prices has probably closed now. Everything is getting back to normal.
Once the Fed stops buying MBS and interest rates rise, it'll significantly cool the market down like the PP was saying.
Once the Fed stops buying MBS and interest rates rise, it'll significantly cool the market down like the PP was saying.
Anonymous
06/20/2021 09:14
Subject: I think the bubble is popping.
House in Olney just sold for 50k more. But most are sitting in the market way longer
Anonymous
06/20/2021 09:08
Subject: Re:I think the bubble is popping.
Saw house last week with the offers due Thursday. My agent told me if we wanted it wed have to waive everything and go over asking. I declined. Still active today so ..
Anonymous
06/19/2021 19:12
Subject: I think the bubble is popping.
Totally slowing in Vienna.
Anonymous
06/19/2021 19:07
Subject: I think the bubble is popping.
Anonymous wrote:7 houses in my neighborhood for sale, most pushing the 3-4 week mark now. A month ago, they were selling in 24-48 hours. I bought in May 2020 after stalking this neighborhood for 3 years. It’s been interesting to watch.
Where?
Anonymous
06/19/2021 18:25
Subject: I think the bubble is popping.
Not a bubble, but the Fed will likely taper its purchasing of MBSs soon, mortgage rates will increase, and we'll see a deceleration in home prices.