Intel Fiolpl

I don’t understand the article - the map says Seattle/Bellevue prices are up 18-22% from prior year

May 6, 2020 3 6
- Google Coaster69
  OP
  
  The "people are afraid to let others in the house" situation will pass. The major recession will last longer. This supply shock you're imagining will be far surpassed by the demand shock, and prices will fall.
  
  May 6, 2020 3
- Intel Fiolpl
  
  It won’t pass for 12+ months. Agreed demand shock will last longer, but Fed money printing will last longest of all. And that’s why we will have stagflation.
  
  May 6, 2020 0
Amazon SEA999

How about you look at actual facts. Everyone on here seems like their a professional realtor. According to the actual numbers that I posted, inventory is way down because people ain't selling. Who knows what will happen next, but there ya go.

May 6, 2020 3 4
- Amazon SEA999
  
  Coaster here's two articles for ya:
  
  https://www.marketwatch.com/story/economic-expert-with-perfect-record-calling-recessions-is-betting-this-one-will-be-over-by-the-end-of-2020-2020-05-06
  
  https://www.cnbc.com/2020/05/06/weekly-mortgage-applications-show-real-recovery-in-homebuying.html
  
  May 6, 2020 0
- Microsoft bVVM50
  
  Multiple personal opinions from an economist and real estate expert wow so much talent!
  
  Where is the evidence that the low inventory will be temporary? I think there will be a recession and already adjusted my real estate for it but you're not going to have a repeat of the 2008 FINANCIAL disaster as this is totally different. Also the unemployment and layoffs are hitting lower incomes hard but not tech especially Amazon (record number of people buying from there).
  
  AWS, Azure, Google Cloud, and OCI we're actually all growing from this due to the increase in demand for internet and cloud services and these are all based in the Seattle area. All this money and equity will continue to sap housing and if you bother to pull up Redfin or Zillow you'll see houses still going up in the market and go to pending within a week.
  
  May 7, 2020 1
Microsoft TqoN12

There won’t be any selling when you can skip mortgage payments for the next 12 months.

May 7, 2020 1 7
- Microsoft TqoN12
  
  Wasn’t worried about it. 🤠
  
  May 13, 2020 0
- Intel Fiolpl
  
  Haha, how many accounts does bxy54hk have?
  
  May 13, 2020 0
Amazon SEA999

May 6, 2020 4 0
Amazon / Product aeHU42

Two of my friends wanting to buy in Seattle between $600-800k withdrew their offers in the last two months due to COVID. The prices have come down by ~30k (edited). Anyone else see a similar trend?

May 16, 2020 1 7
- Uber tacocat
  
  Real estate friend is still seeing bidding wars in highly desirable areas. I recently bought and had competition, but I still got it for list. It was a new build though (they tend to be close to market price). I’m guessing that competitively priced homes will have multiple offers, but over-priced homes from ambitious sellers should see a price decrease. Homes with a price decrease are tainted and will sell for even less.
  
  May 16, 2020 0
- Google 1Ox
  
  Lol at believing Zillow's bullshit predictions. I'm sure they have many great depressions in their training set that predicts prices.
  
  May 16, 2020 1

blind

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Seattle housing market stats already show price decline. Last time there was a March-April price decline was in 2008.

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