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Old 05-11-2018, 12:34 PM
 
Location: Chapel Hill
111 posts, read 59,375 times
Reputation: 125

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According to this BH&J index, housing prices are close to peak and we could see a start of slow price declines.

BHJ Summary
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Old 05-11-2018, 01:34 PM
 
229 posts, read 175,051 times
Reputation: 132
Quote:
Originally Posted by OUTISD View Post
According to this BH&J index, housing prices are close to peak and we could see a start of slow price declines.

BHJ Summary
Maybe in places like Seattle and SF Bay area. Not here.
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Old 05-11-2018, 01:45 PM
 
2,308 posts, read 3,215,703 times
Reputation: 1969
There's still a shortage of homes in the Triangle. Especially affordable ones, under 400,000.
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Old 05-11-2018, 05:32 PM
 
83 posts, read 38,697 times
Reputation: 126
Quote:
Originally Posted by TheBigKahunaNC View Post
There's still a shortage of homes in the Triangle. Especially affordable ones, under 400,000.
That won't last, it never does. Just wait for the economy to downturn and SAS, Metlife, Red hat to start laying people off... Triangle market will crash and that's the time to buy. Rent until that happens.
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Old 05-11-2018, 06:47 PM
 
10,265 posts, read 6,491,094 times
Reputation: 10837
Quote:
Originally Posted by OUTISD View Post
According to this BH&J index, housing prices are close to peak and we could see a start of slow price declines.

BHJ Summary
I did see my home value on Realtor.com drop 3% this month. I guess that's what they are going with. I know that prices are not dropping here at least for the cheaper starter homes, it's just that some sellers are asking ridiculous amounts that they are never going to get and the property would never appraise for what they are asking.
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Old 05-11-2018, 06:49 PM
 
10,265 posts, read 6,491,094 times
Reputation: 10837
Quote:
Originally Posted by TheBigKahunaNC View Post
There's still a shortage of homes in the Triangle. Especially affordable ones, under 400,000.
What's the triangle?
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Old 05-12-2018, 05:44 AM
 
2,308 posts, read 3,215,703 times
Reputation: 1969
Quote:
Originally Posted by LifeIsGood01 View Post
What's the triangle?

Where this thread was originally posted and moved from, Raleigh, Durham, Chapell Hill NC.
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Old 05-12-2018, 06:42 AM
 
Location: Raleigh NC
7,736 posts, read 6,110,007 times
Reputation: 6867
Florida Atlantic got some website traffic.

Quote:
Of the 23 separate metro areas in the BH&J Index, 13 are slightly to moderately in buy territory, while 10 metro areas are slightly to moderately in rent territory.
Quote:
I anticipate slower growth in prices accompanied by longer marketing times for sellers and increasing inventories,
The H of the BH&J was not quoted in the article.
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Old 05-12-2018, 06:51 AM
 
Location: Cary, NC
31,589 posts, read 55,295,005 times
Reputation: 30145
Quote:
Originally Posted by NewWaveDad View Post
That won't last, it never does. Just wait for the economy to downturn and SAS, Metlife, Red hat to start laying people off... Triangle market will crash and that's the time to buy. Rent until that happens.
Time factor?
Money invested in rent?
Expected price drop and rent offset?

If the poster pays $1800/month for 4 years prior to purchasing, that is approximately an $86,400 rental investment.
Disregarding lifestyle choices and opportunities of rental vs. owning, and the probability of rent increases, the poster will need to save $86,400 on a (current pricing) $375,000 home to cash in on your economic dystopia.

That may or may not be palatable to the poster. Perhaps the poster would rather put $86,400 into a bunker, MREs, and weaponry to carry on?
And, the poster may prefer more focused guidance on the arrival of your predicted slump.


"Life is what happens when we're busy making other plans."
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Old 05-12-2018, 07:32 AM
 
Location: NC
6,081 posts, read 7,023,877 times
Reputation: 12054
Just a thought for those who think sellers are asking "ridiculous" amounts for homes that they are selling. They are sort of forced to, since they need that money to pay the ridiculous amounts needed to buy a new home themselves. It is especially tough for those who are no longer working and do not command an ever increasing salary to partially offset the new purchase prices. That is why there are so few older, starter homes for sale.
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