You’re looking at 1.5M+ houses. In this market people aren’t willing to take 1.3M loan at 8%. But if you look at $800k townhomes they are not sitting around for long. I guess people are buying smaller homes in the hopes to upsize in future when economy becomes better.
People are buying lower priced homes cause rent is 3500 a month…as long as you have 3/4 bedrooms, townhomes or it as least it’s a place to live and you’re not deperate
Investors are waiting for rates going lower or market crash?
“Multiple days” - says how insane it used to be. Market is less insane is more like it
Homes sold at Costco?
It’s pretty much a function of interest rates. They will probably go down in the future, and at that point house prices are going to be higher. At the end of the day it’s about how much people can pay for monthly payment. Know that the future will still have high monthly payments, but the down payment required will be also higher. If you need to buy a house just go for it. It’s like stock market; don’t try to time the market. Also remember primary house is not investment. Only the ones you rent out are.
Wait til 2025
Why people think when interest rates cools off home prices are gonna come down. Housing is strong even 8% barely broke the camels back
Frozen market
Wait until they are desperate and have to sell
I wish I could afford buying a home in Kirkland
Tech Industry
Yesterday
3648
What happens when most of your team is Indian?
World Conflicts
6h
249
Israeli precision-guided munition likely killed group of children playing foosball in Gaza, weapons experts say
Tech Industry
3d
69084
Crossed a line with my boss
Tech Industry
Yesterday
1083
Last good year to visit europe
World Conflicts
4h
214
Why I Find Free Palestine Inspiring
Good, fairly priced homes go pending in 1 to 6 days. Often with multiple offers and above asking. If they've been sitting for more than a couple weeks, there's something wrong with them or too overpriced/no offers reached the seller's actual sell price.
Yeah, I’ve seen three houses in Kirkland go in under 2 days recently. Two were over $2M. Just depends on the house
Historically fairly priced homes should take weeks. The fact that it takes days means it's still a very hot market. Houses sitting on the market for weeks is normal.