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>> Shay Stein, a Redfin Premier real estate agent in Las Vegas, said in the report that housing market participants on the buy side and sell side are beginning
by adamredwoods 3y ago
>> Shay Stein, a Redfin Premier real estate agent in Las Vegas, said in the report that housing market participants on the buy side and sell side are beginning to learn to "live with" the uncertainty of a volatile housing market, adding that they've come to the realization that "no one has a crystal ball that can predict exactly when mortgage rates will fall back to 5 [percent]."
IMO, we should not have to "live with" such a volatile and increasingly valuable home-ownership market. I blame lack of highway access and efficient public transportation. Land is key, and these two items increase the reach of jobs-to-land.
I'm in shock that the homes around me (Seattle metro) keep going up in value, or that there are people buying US$1.5M homes on 7% mortgages.