What do you think going to happen with housing? https://www.redfin.com/blog/coronavirus-home-listings-shortage
Well the inflated prices and ego are set to crash soon
Let's hope so. Its been too much of a pain those 2
I am seeing even higher listing prices. Doesn’t make sense...
So, we can just wait and avoid buying. I actually walked away from a house purchase due to covid as I wanted a discount. House got stuck and now seller offered me a “deal” little less than I was asking. Told them now it is a new reality and offered even less. Let’s see how it goes.
There will be no crisis around metros with attractive salaries like SF and Bay Area, since for employees with 6 figure salaries money isn't an issue. Everywhere else, house prices will drop as owners start falling.
These two options mean the same thing.
Finally some sensible guy
Bay Area will be just fine....
Neither
I think people are panic buying homes right now as the leave the cities. Anyone in a tiny apt with a kid in the cities are looking at the burbs and beyond for more space.
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Redfin and zillow are now manipulating sold house prices. The trick they are using is to delay the sold prices if they go lower than asking. If it goes above asking that will show up quickly from MLS. This is a pattern I am seeing
Well that's Yahoo! News to me. We don't do this.
Interesting.