What this country needs is a return to 14.7% unemployment and a gallows outside the Capitol.
Misc What About this Real Estate Market?
- Thread starter Matt J
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We are overdue. If any of you are basing your opinions on the real estate market on how the STOCK markets are performing, I can assure you that the stock market is front-running expected economic trouble. Right now, stock levels are about summer 2020. If the markets think this is the stopping point, then I expect home prices to sink to about summer 2020 numbers as well. Reason? Though the stock market and real estate markets are not directly correlated, they are indirectly related.
No one knows at all, and should not claim that they do, where we are headed. I'm just telling you where we ARE, which you all could have done for yourselves.
No one knows at all, and should not claim that they do, where we are headed. I'm just telling you where we ARE, which you all could have done for yourselves.
The real estate market is still insanely overpriced. This place just went up for sale near us. 1.2 for a fixer-upper. Will be interesting to see what they get for it.
www.zillow.com
86 Mountain Top Dune Dr, Santa Rosa Beach, FL 32459 | Zillow
86 Mountain Top Dune Dr, Santa Rosa Beach FL, is a Single Family home that contains 1960 sq ft and was built in 1990.It contains 3 bedrooms and 2 bathrooms.This home last sold for $849,999 in July 2022. The Zestimate for this Single Family is $1,159,800, which has decreased by $36,593 in the...
Hate to say I told you so, but I did.....
Yep. Sales are definitely down. Prices are still pretty steep though. Wonder when they will start coming down.
Cash sales down 40% yoy, back to 2019 levels, so investors and 1031's are drying up. Next, I think "time to close" will expand because banks won't lend on tighter credit or appraisals. Rates + layoffs will do the rest