Have the frenzy conditons become the norm? With Frenzy in the spring, and Not-Frenzy the rest of the year?
Real estate agents/brokers/builders: what are you seeing in your local housing market right now?
Note that the negative comments below are mostly the usual doomer opinions, and not facts about what they are seeing in the marketplace:
https://twitter.com/NewsLambert/status/1635787700874756101
So… How long before banks start foreclosing to create more inventory?
Now not only are banks going to make $$$ on overpriced properties. Theyll also make $$$ on high interest rates.
How do you trust people with comments like this: That is not a 2-1 buydown. And 5% for the remaining term of the loan……………………………no wonder we have bank runs.
I’m getting all my closing costs paid plus buy down (and appliances)
Lance Lambert
@NewsLambert
·
Mar 14
Replying to
@ErinOnTV
If you don’t mind me asking, what’s the buydown like? And how long?
Erin Maloney
@ErinOnTV
·
Mar 14
Replying to
@NewsLambert
2-1. First year 3%, then 4, then 5 on the third. Hoping I get lucky and interest rates go down before the third year. I’m not holding my breath
Those are the bimbos. Try to glean something from the more logical comments.
I don’t know if any of it is true.
All I know is what I see and hear: Conditions are hot, but there aren’t enough listings so it’s not that obvious.