Bay housing area market, who's on top: buyers or sellers?
Inventory seems to have jumped significantly compared to last year as per redfin analytics. Are people confident in buying, given that stock market and tech stocks in particular are taking a beating?
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So, buy now before itβs all gone?
Not true for others, but surely true for Netflix.
Just wait till some people's tax bill is due in April
Bother to elaborate? Particularly for high tech workers in California.
People are getting larger tax bills since they most likely won't itemize any more. That's my case, for instance. I'm paying more tax on income similar to last year's. I don't own a house though and am waiting for prices to come down in order to buy.
See how it is in spring time. Prices dip in winter and spike in spring. If inventories remain high, the market will probably plateau. Iβd expect this cuz of state of market and higher interest rates.
It's still high to expensive for the quality of homes
Buyers are master degreed 50hrs/ week working H1B suckers suckered in to pay 10x the property tax as jane smith factory worker so she can retired to a brand new home in phoenix with funds left over after having lived in the home for 40 years and kids have fled out of state. Sellers are suckers who like to disregard all of the property taxes, maintenance, fees, 6% commission, opportunity cost, etc. Capital gains tax, etc. when calculating ROI. Who thinks a primary home is an investment.
Realtors FTW!!!
It's winter... This happens every year and no one wants to move in the winter.
What buyers?
Housing
Whooosh