It’s a bad time to buy a home. It is a HORRIBLE time to build a home...
Same goes for vehicle market right now.
“If these sentiments play out in reality”
How often does that happen?
In this case, it’s a seller’s market, so these sentiments just reflect the current reality, and are not necessarily an omen.
I get asked at least once a week if I want to sell my house. My response is always ‘And do WHAT???’.
I can’t rent for my current monthly payment, and insurance and taxes are included for escrow. I sure as heck don’t want a more expensive home!
Renting in Connecticut is cheaper per month than paying off a mortgage right now, data shows
It all fits in with Agenda 21.
Live in western Colorado and realtors are desperate for inventory. Problem is ... yeah, it’s a good time to sell but where am I going to go? Areas of possible interest are in a overheated real estate market. Like the Zillow assessment of my property which is up 100K over this time last year.
And yet the home sales continue…I’ll never understand it. I guess a lot of it is people trying to escape big cities & blue states….
There’s no affordable inventory in my area. If I sold at a premium, there’s nothing suitable for me.
Sheriff refuses to evict them - something about "Covid."
Regards,
I can attest to the statement that it is a fabulous time to sell a house. I just closed on the sale of my home in West Palm Beach, Florida. Full asking price. $90k above appraisal. Four times my original purchase price 20 years ago. 1 week on the market.
Insane.