2 of my friends moved to a different state (Austin TX) ... They sold their primary house.... Pocketed the profit tax free and are now renting in the new state. They both got awesome leases deals on brand new apartments and the cost to rent was half of buying. Don't catch a falling knife....people who DATED the rate 2 year back are hurting badly with HIGHER for even LONGER 🙂
This is fascinating. I don’t see a correction coming anytime soon since the only two crashes in my lifetime have come at the heels of a devastating institutional financial collapse, which doesn’t appear on the horizon. I also advise buyers who want to time the market for a rate for that the competition heats up and they may end up overpaying.
It's not surprising that the traditional seasonality has changed. The average age of a home buyer is 56, so may not care about school year schedule.
Builders offer bigger incentives at the end of the year. That's why sales grow during those months.
2 of my friends moved to a different state (Austin TX) ... They sold their primary house.... Pocketed the profit tax free and are now renting in the new state.
They both got awesome leases deals on brand new apartments and the cost to rent was half of buying.
Don't catch a falling knife....people who DATED the rate 2 year back are hurting badly with HIGHER for even LONGER 🙂
This is fascinating. I don’t see a correction coming anytime soon since the only two crashes in my lifetime have come at the heels of a devastating institutional financial collapse, which doesn’t appear on the horizon.
I also advise buyers who want to time the market for a rate for that the competition heats up and they may end up overpaying.