I was told by a realtor yesterday that home prices (Commack: mortgage, buying a home)

[dman72]

Originally Posted by KENNY GUIDO

again, prices will go down another 40% SINCE the rates are going up. its a fact. when rates do up, home prices go down.

I dont' think home prices are going down another 40% unless interest rates hit double digits.

[scottzilla]

wow, if rates go to 67%, i'm moving to Upper Brookville.

[LIgirl74]

Originally Posted by dman72

I dont' think home prices are going down another 40% unless interest rates hit double digits.

I agree with this, I don't think prices are going to go much lower. If anything..and that's anything, it may be 10%. I do know that when interest rates go up, home prices come down but I do not think by 40%. Just my opinion though.

[LIgirl74]

Originally Posted by scottzilla

wow, if rates go to 67%, i'm moving to upper brookville.

lol.

[KENNY GUIDO]

Originally Posted by dman72

I dont' think home prices are going down another 40% unless interest rates hit double digits.

not now but for the next 2 years the prices will go furthur. btw, interest rates just went up TODAY.

[KENNY GUIDO]

Originally Posted by LIgirl74

I agree with this, I don't think prices are going to go much lower. If anything..and that's anything, it may be 10%. I do know that when interest rates go up, home prices come down but I do not think by 40%. Just my opinion though.

I was told by a friend that buys and sells property. the more the rates go up, the less homes people are willing to buy THUS the decrease in home prices. you'll see. Ive been listening to him for 3 years now and he's been right everytime.

[zulu400]

Originally Posted by KENNY GUIDO

not now but for the next 2 years the prices will go furthur. btw, interest rates just went up TODAY.

Went up TODAY ? What rate ? and by how much ?

[KENNY GUIDO]

Originally Posted by zulu400

Went up TODAY ? What rate ? and by how much ?

Im not sure, just heard it went up today.

[zulu400]

Originally Posted by KENNY GUIDO

Im not sure, just heard it went up today.

As far as I know, I think it stayed put. Last Friday it jumped like crazy.... but came back on Monday.

[ExNooYawk]

Originally Posted by dman72

Wait a second, wait a second, hold on here....:



Are you trying to tell me that a REAL EASTATE AGENT told you that now is a good time to buy, that you'd better get in before "afford ability" goes down? A REALTOR? Someone who makes a living SELLING HOUSES?


I need to catch my breath here.....





sorry about the sarcasm.

Realtors today seem to command the same amount of respect as used-car dealers.