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Yeah. Was speaking to a realtor yesterday actually about this (just an acquaintance) and homes in some areas in a particular midwest city have risen in value 23
by muninn_ 10y ago
Yeah. Was speaking to a realtor yesterday actually about this (just an acquaintance) and homes in some areas in a particular midwest city have risen in value 23% in one year. As soon as a place goes on the market it has 10 offers over the asking price. This isn't good. But if you have a great job and good job security it is idiotic to not buy a house right now with the low interest rates assuming it's not way overpriced (and these can be found).
I purchased a home that costs about twice my annual salary. I think it's reasonable. I put 0 down and walked away with a check at closing after seller closing costs for some items I wanted repaired.
Anyway this is just my general commentary and my experience. I don't know enough about the market as a whole to make any real informed contribution, but just wanted to share anyway.