Let the banks keep these nasty foreclosures on the books to sell to their WallStreet institutional investors like they always do for a major discounts!!!#DoNotOverPay!!!
I noticed a large do not overpay movement recently. Check this out (specifically for North Jersey locale): demand for homeownership is increasing, especially from buyers on the sidelines. Supply is low. Average household savings is up from last year. If rates come down... it could cause another upswing in home values. My fear is that this do not overpay movement may cause many to miss out on an opportunity they can afford now, but not later. Just like my clients who decided to hold out from buying in 2020 and 2021, and joined many others on the sidelines. These are all facts, feelings aside... truthfully I'd like the market to be flooded with inventory too. It'd be a win for everyone except for current homeowners, who'd be fine in several years if they hold anyway. I just don't see any signs that it will happen. It seems more likely that this is the decade of low inventory. The question a prospective buyer should ask: do I want to own until 2030 or do I want to rent until 2030? Makes it simple.
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50 year fixed rates for homes & 10 year auto loans coming soon!!!#Unsustainable
It hasn't happened, nor have I seen hard evidence that this is coming. I have heard the rumors however! Time will tell.
Let the banks keep these nasty foreclosures on the books to sell to their WallStreet institutional investors like they always do for a major discounts!!!#DoNotOverPay!!!
I noticed a large do not overpay movement recently. Check this out (specifically for North Jersey locale): demand for homeownership is increasing, especially from buyers on the sidelines. Supply is low. Average household savings is up from last year. If rates come down... it could cause another upswing in home values. My fear is that this do not overpay movement may cause many to miss out on an opportunity they can afford now, but not later. Just like my clients who decided to hold out from buying in 2020 and 2021, and joined many others on the sidelines. These are all facts, feelings aside... truthfully I'd like the market to be flooded with inventory too. It'd be a win for everyone except for current homeowners, who'd be fine in several years if they hold anyway. I just don't see any signs that it will happen. It seems more likely that this is the decade of low inventory. The question a prospective buyer should ask: do I want to own until 2030 or do I want to rent until 2030? Makes it simple.