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Can't wait to get a good bargain and laugh all the way to the bank while my jealous neighbors gossip and bellyache about me as if I care.
Maybe he'll "kick it up a notch" and suggest that your neighbors will poison your dog or something else ridiculous.
When desperation takes hold, shock value sometimes sells. Makes ya look like a nitwit, but that means little to some in a sad attempt to win over a few hearts and minds.
Buyers are trying to get a bargain - and some are.
Sellers are getting more realistic on their prices
Interest rates coming down - again
Good time to buy
Problem is that the sellers overwhelmingly outnumber the buyers.
Fed interest rates are not in line with conforming fixed rates. 30 year interest rates are already going up quickly as a result of the rate freeze, as investors don't want to get burned for future speculation on mortgage backed securities and have their returns capped. We'll see it shoot up even if the Fed does the rate limbo and takes it down to zero. Even if it doesn't, didn't stop Japan from sinking nationwide even with an extremely low mortgage rate.
Lady in CA in another thread just mentioned an over $100K haircut on her house. That is getting realistic. Others are digging their heels. Those who NEED to sell soon will take a larger haircut or default.
Asking a real estate agent whether it's a good time to buy is the same as recording your voice saying the same thing and playing it back.
It's a good time to buy if YOU think it's a good time to buy, and not when a Realtor(R) tells you it is.
Maybe he'll "kick it up a notch" and suggest that your neighbors will poison your dog or something else ridiculous.
When desperation takes hold, shock value sometimes sells. Makes ya look like a nitwit, but that means little to some in a sad attempt to win over a few hearts and minds.
LOL, let's hope not.
This is just how a free market works; sometimes the value of a commodity (housing) goes up, sometimes it goes down. People who bought at the peak of the housing boom are certainly in a bad situation, but as long as they can afford their mortgages and plan on staying put, they should be fine. If you have to sell right now...oh well, sucks to be you.
Problem is that the sellers overwhelmingly outnumber the buyers.
It's a good time to buy if YOU think it's a good time to buy, and not when a Realtor(R) tells you it is.
Well, more sellers, less buyers = buyers market
Interest rates, on 30 year fixed, dropped today.
My office (real estate), my agents (I'm the broker) are getting a lot more inquires that are buyer initiated, in the last week or ten days, then in the last couple of months.
This morning alone, I have had 10 new contracts, written since this past Sunday, dropped on my desk for review
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