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Old 01-03-2019, 08:50 PM
 
Location: Raleigh NC
8,316 posts, read 6,533,646 times
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it's possible that Redfin makes these predictions like they report other data - only on the markets that they have brokerages.

let's look back at last year's, and see how well they did.
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Old 01-03-2019, 08:56 PM
 
10,705 posts, read 7,000,310 times
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Quote:
Originally Posted by BoBromhal View Post
it's possible that Redfin makes these predictions like they report other data - only on the markets that they have brokerages.

let's look back at last year's, and see how well they did.
And it's possible you are very mistaken. Don't you see a cooling trend in the market already as most starter homes have been gone in hot and up and coming markets? Even in Manhattan a 5% drop was reported and the average price dipped below $1 million, that's the report I saw, don't know how accurate it was.
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Old 01-04-2019, 09:10 AM
 
Location: Union County
5,748 posts, read 8,266,997 times
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Quote:
Pending home sales is a forward-looking measure. It counts how many contracts were signed, rather than how many sales actually closed that month. There can be a lag of about a month or two between signing the contract and closing the sale. Last week, the National Association of Realtors (NAR) released its Pending Home Sales Index for November, an indication of the direction of actual sales to be reported for December and January. This index for November fell to the lowest level since May 2014
https://www.zerohedge.com/news/2019-...er-near-future
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Old 01-04-2019, 03:10 PM
 
5,550 posts, read 4,932,702 times
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It looks like interest rates have dropped a little. Hopefully, they won't go up much by summer. I'll be selling out of a 3.25% rate.
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Old 01-04-2019, 04:09 PM
 
506 posts, read 166,959 times
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Quote:
Originally Posted by KayAnn246 View Post
It looks like interest rates have dropped a little. Hopefully, they won't go up much by summer. I'll be selling out of a 3.25% rate.
Thats my rate 3.25 30 year 3.31apr everything done. I don't want to sell just because of that and increasing rates, I feel for you. fingers crossed
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Old 01-05-2019, 10:41 PM
 
5,550 posts, read 4,932,702 times
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Quote:
Originally Posted by FreedomPenguin View Post
Thats my rate 3.25 30 year 3.31apr everything done. I don't want to sell just because of that and increasing rates, I feel for you. fingers crossed
A good thing is I've gained plenty of equity the 5 years I've been here so hopefully, I can pay down the new loan and rate if it goes to 5.0%-5.5% by summer.
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Old 01-06-2019, 01:53 AM
 
197 posts, read 65,481 times
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Rates are beginning to drop
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Old 01-06-2019, 05:56 AM
 
Location: Williamsburg, VA
2,370 posts, read 1,069,628 times
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Mortgage rates have been dropping.


https://www.bankrate.com/mortgages/analysis/
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Old 01-06-2019, 07:56 AM
 
10,705 posts, read 7,000,310 times
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Quote:
Originally Posted by Piney Creek View Post
Mortgage rates have been dropping.


https://www.bankrate.com/mortgages/analysis/
Because the market is cooling too fast.
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Old 01-06-2019, 08:02 AM
 
Location: Williamsburg, VA
2,370 posts, read 1,069,628 times
Reputation: 5783
Quote:
Originally Posted by LifeIsGood01 View Post
Because the market is cooling too fast.

Not sure what you're basing that on. But at any rate your original question was about predictions for 2019. The cooling that may have happened was mostly due to a fear of rising mortgage rates. If they don't rise, that isn't an issue anymore.
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