Passively looking for Single family homes in NY/NJ with great school districts. Broker said the real estate market seems to be showing signs of life again, as buyers expect to refinance in summer. It's not 10 bids per house, but 2-3 bids per house happening again. Anyone hearing similar or the broker is trying to push me into buying sooner. Blind tax - 550K
House go up
In this area yeah it’s nuts how there’s bidding wars again. Overpriced ugly fixer uppers are sitting on the market but anything that’s just slightly outdated is being bid over asking. This isn’t the case in most of the country but the northeast is the hottest housing market right now
In the nice towns with good schools, prices never really dropped. The rate of increase slowed and you could get sellers to agree to things like an inspection that they previously were expecting buyers to waive. But nothing around me stopped selling. There was just so little inventory available that it was “slow”. Prices may drop some, but RTO seems to be making a comeback which means people will pay to live in nice areas near NYC.
AMA
2d
6522
Cheated on husband
AMA
Yesterday
1054
I own a 100oz of gold and 1000oz of silver. AMA
Ask Blinders
Yesterday
1331
Why don’t India and Pakistan like each other? I am white and don’t understand
Tech Industry
Yesterday
312
Do you post on LinkedIn?
2024 Presidential Election
Yesterday
555
Trump, intends to special forces to assassinate kingpins in Mexico drug cartels
Rates won't drop probably.
Why do u say that?
Bad macroeconomics. Low unemployment, inflation about to come back because of the new wars and some of the bricks dumping the dollar. All while boomers retiring globally.