https://www.redfin.com/news/housing-market-update-welcome-to-the-new-weird/?utm_source=Iterable&utm_medium=email&utm_campaign=1034525&inquirySource=365 This article matches what I see in the south bay market. June/July was the best time to buy thanks to 10% decline, and the prices are actually going up slowly in Aug/Sep. In Aug, only good ones were selling fast. Now even shitty ones are selling quick again...
Didn't read article but expect prices to stabilize for some time now. Most new sellers might just wait till Spring.
Lol the article still points several other negatives in this market and you pick this?!! Stock market jumped a bit in August... Some buyers thought that it's the end of bear market and jumped in. But this is not going to continue given fed is openly behind home prices... They won't leave it until prices get corrected more
Continuously rising interest rates will pull things down. Have no worries
never fight with Fed
Real estate market always lags behind stocks market. Wait.
July was a dip in interest rates as 10 year treasury fell to 2.65. Now it has broken the previous high. It was a classic bull trap.
Housing for buyers always goes up! Your monthly mortgage payments never coming down or you will need to resort to putting way too much upfront cash
You can literally filter their data center to South Bay, it’s not going up
Dead cat bounce.
It's because school just started. People are actually closing from sales that occured to try to move in for the school year. Prices typically tank in the winter from jan-marc. Look at the same lines in 20-21. Combine that with the recession, may be in for quite a dip. (and I'm holding from a 2021 purchase so I know my housing price is bout to tank, thankfully my rate is mad low)