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U.S. Home Prices Hit Record in June

• avidiax 2y ago
  https://archive.md/i369A https://archive.md/i369A Prices being high while volume is low suggests homes are overvalued. "We may be moving away from a sellers’ market towards balance, and may be entering a buyers’ market.” When even the NAR's chief economist says the market is softening, I think it's a safe bet that prices will weaken somewhat in the next couple of years.
  • lesuorac 2y ago
    > Inventory has risen the most year over year in the South, according to Realtor.com. > Inventory remains more limited in the Midwest and Northeast. Pretty sure it's just regional demand has decreased in certain areas. If you're buying a house in Florida (good luck with insurance) you can get a deal. If you're buying a house in a major metro area, probably still a lot of money.
• charlie0 2y ago
  Prices will continue to rise. There's a lot of demand still and lowering interest rates will only push prices upwards.
• tayo42 2y ago
  Just bought, hope this wasn't the peak. the housing market is funny. There's a prediction for every outcome. Some say it keeps going up, some think there's a bubble, the promise of interest rate drops can make it go down, or up. I saw nice places sell fast or over asking. Places with problems, next to highways, weird paint, sellers are difficult, all sit for a while. I don't think you could give me a house for free that's next to a highway.
  • stanrivers 2y ago
    > There's a prediction for every outcome Have never heard this phrase - stealing it!
  • toomuchtodo 2y ago
    Any decline due to a near term peak will reverse as interest rates are cut. As long as you bought because you need somewhere to live and can service the mortgage, should be fine. Enjoy home.
• ebjjbsd 2y ago
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