Visited four open homes today and stayed for 20 mins in each. There was not a single customer except me in any of those. One of the agent was ready to reduce price by 100k on the spot. Things don’t look good.
King county has a little over 1700 homeless kids living with their homeless parent or parents. We were participating in fund raising to get food for these kids. This is terrible and happening in the backyard of Amazon and Microsoft and Boeing and Expedia and ..... This to me is a far outrageous sign of what's to come.
It’s a sign that city councils days are numbered
Does that mean people are expecting the market to crash?
I think it means people have finally starting to realize that the house value and stock value as well as their value appreciations are overrated
I’m looking forward to the housing prices to crash down again. I’m ready to buy.
You and about 100000 other engineers. If you can afford to buy, I’d buy. Given the amount of equity that’s about to find its way into the real estate market I don’t see a serious slowdown any time soon.
Again. Macro-economic trends are not based on n==1
Check out Case Shiller index for SF: https://fred.stlouisfed.org/series/SFXRSA It may be a small dip and bounce such as early 2001 or a deep one such as early 2008. Depends on who were the marginal buyers in the last few years and if they have balls of steel to hold out during the geo-political uncertainty. The game of chicken being played with China only adds to the uncertainty. Keep at least one year's worth of mortgage payments in liquid assets.
Case-Shiller WA would be n==1 for OP Case-Shiller National would show macro trends. Below is the exact same link you sent for Case-Shiller SF when you enlarge the graph to begging from Jan-17. Your bounce is already there. Cheers
Sammamish, Issaquah, etc is one of the shittiest places on Eastside, don’t even bother looking there. Try Kirkland south of Totem Lake instead.
Issaquah highlands is really nice. I’d rather be there than Sammamish.
No yard tho..
Don’t need a big yard when you’ve got tons of parks everywhere. Plus I hate taking care of a yard.
@OP Which house. Ill buy it with 100k discount
New homes are coming up around old houses with same price tag, so old houses needs to be priced right. I went to see new home sales around South Bothell and it had plenty of foot traffic.
Same here in bay area. Cupertino and around.
It's better to wait for some more time
Cupertino is way out of league for majority folks But recently sold houses in sjc are around or just 1-2% up/down on the list price but significant number of price cuts all around.