4 ms·
I mean listing price is the most direct measure of the market temporature, not saying it's 100% accurate but it does represent the sentiment. Mortgage rate is i
by tinza123 6y ago
I mean listing price is the most direct measure of the market temporature, not saying it's 100% accurate but it does represent the sentiment. Mortgage rate is indeed low, but not that significant compared to before (< 1% compared to 6 month ago I think).
I'm hesitating to bid because 1) price is still high 2) unemployment benefits will run out in 2 months, and I do think teh COVID effects have a long tail, that takes time to pan out. Thus the curiosity about the thought behind the "hot" market right now.
- brutus1213 6y agoTwo obvious theories ... pent up demand/renters with savings and jobs are pulling the trigger (to reduce uncertainty in renting/city slickers moving back to cheaper areas). Alternative is people know QE is debasing the currency and people are going for hard assets (stock market is going in the same direction).