Today my realtor said to me

[Anonymous No.50709865]

>may as well buy now
>this time its different
>there won't be a crash
>we are in the new normal
>prices won't be coming down
>demand is too high
Is she wrong?

[Anonymous No.50709875]

>>50709865
Hahahahahahahahaha imagine believing a realtor

[Anonymous No.50709881]

>>50709865
Did she offer you sex to close the deal?

[Anonymous No.50709925]

Everyday I get notifications for price cuts up to $50K

[Anonymous No.50709938]

>>50709865
>she
Yes

[Anonymous No.50710020]

>>50709865
What actually goes on in the heads of these people? Do they somehow think their negative fertility is gonna support demand? Do they think the browning demographics will drive property prices up? Do they imagine that the mass die-off of the only generation that routinely holds multiple single-family residential housing properties won't be an issue?

Are they just lying for personal benefit or do they end up believing it?

[Anonymous No.50710026]

>>50709925
True that. This week the biggest drop I saw a was a house with an asking price of $1.5 million drop $500k to $1 million. Everything is dropping $10k-$20k every few weeks through out the price ranges. Something must be up.

[Anonymous No.50710093]

>>50709865
is her face on a bus stop bench tho? not including when she whores herself out to hobos...

[Anonymous No.50710092]

will the average home price at least correct to pre-pandemic prices?or just on the trajectory it was supposed to be on before the money printing?

[Anonymous No.50710113]

>>50709938
beat me to it

[Anonymous No.50710174]

>>50710092
I dunno but one aspect I'd bet money on is at least the past year of gains is gonna get erased on most houses. In hot markets houses saw prices double in two years. If I was gonna pick reasonable price houses will fall to I'd pick a value that they were from somewhere between spring of 2019 and fall of 2020 depending on how desirable the home is.

[Anonymous No.50710184]

>>50709925
Not a realtor or a leasing agent, but a property manager. Dealing with agents. Joined in the middle of the summer when apartments five times the cost of mine (not an exaggeration) were selling like hotcakes. "I'll pay $300 a month above market!" "24 months to seal the deal!" etc.
Now we got stuff just rotting on the vine on the market. Price drop after price drop.
Oh well. Not my money. Literally turned down offers to be an agent for this exact reason. I'll take the steady paycheck and security, thanks very much.

[Anonymous No.50710212]

>>50710020
They think that if they sell you the dream, they keep the money. Retard. Don't overthink it.

[Anonymous No.50710222]

>>50709925
>Everyday I get notifications for price cuts up to $50K
my neighborhood is full of for sale signs, three months ago they would sell within an hour of going on the market

[Anonymous No.50710226]

>>50710113
the greeks were fucking savages. also read platos cave if you havent allready.

[Anonymous No.50710230]

>>50709865
>she
wants commission based on higher prices.
Imagine trusting a roast.

[Anonymous No.50710265]

Is your realtor a woman

[Anonymous No.50710329]

>>50710265
Yes. My wife picked her out. She seems professional. At least she's not too retarded from what I can tell.

[Anonymous No.50710348]

>>50710329
literally kek'd

[Anonymous No.50710676]

>>50709925
>>50710026
I've noticed this as well.

>>50710184
Good looks.

[Anonymous No.50710705]

>>50709865
youre talking to a glorified salesmen retard not your finacial advisor do you need a fucking picture drawn for you?
Would you like a little picture book with colorful photos ands simple english?

they will say/do anything for the sale and commision check. They take on no liability if the market crashes. fucking stupid retard kys.

[Anonymous No.50710736]

>>50710705
Rude.
Also uninformative because you didn't answer the question.
Do you think she wrong?

[Anonymous No.50710777]

>>50710705
Realtors are the absolute worse

[Anonymous No.50710779]

>>50710329
So you are about to trust a woman appointed by a woman in one of the most critical decisions of your life. I don't see how it could go wrong.

[Anonymous No.50710796]

>>50709865
If she also told you to invest on VINU, she was totally right

[Anonymous No.50710955]

>>50710736
do you want me to help you balance your checking account too? Figure it out retard no ones gonna hold your hand

[Anonymous No.50710968]

>>50710955
So you don't have an answer. Wht bother posting. The relator is more informed than you are.

[Anonymous No.50710972]

>>50709865
Literally every retard I know thinks the housing market will go up forever. Get your cash ready

[Anonymous No.50711752]

>>50710736
>Do you think she wrong?
Doesn't matter what we think.
The fact that she has a financial incentive for you to buy should be enough for you to disregard her opinion.

[Anonymous No.50713255]

>>50711752
So you're saying she is right but disagree due to her motivation. What a retarded simple minded take.

[Anonymous No.50713411]

if in a 1 party consent state, record her saying that. bring to lawyer. ask if buying house will make them responsible if there is crash due to poor financial advice

[Anonymous No.50713426]

Where I live houses have already fallen by a six fig amount and there's no sign of slowing down.

[Anonymous No.50713448]

>>50709865
It's afraid

[Anonymous No.50713584]

>>50710265
That’s a man

[Anonymous No.50714611]

>>50709865
she's scared.

[Anonymous No.50714639]

>>50709925
What market? I’m seeing stuff sit longer and there’s some minor price drops but there’s still a lack of inventory in the $400-500k range which is considered ‘affordable’ here

[Anonymous No.50714676]

>>50713255
Did you even read what I wrote? I didn't say she's right. I'm saying you shouldn't listen to what she says, regardless of what she says.

[Anonymous No.50714718]

>>50709865
make her keep showing you houses until she gets frustrated that you aren't buying. prices are falling, by the time you see something you like, she'll be desperate to get a deal made. either you'll never hear from her again because her time is being wasted, or she'll come to her senses about what kind of commission she's actually going to earn, or she'll suck your dick to get a deal done.

[Anonymous No.50714967]

>TFW no Xev realtor

[Anonymous No.50715025]

>>50709865
Your realtor is wrong and just trying to get a sale. Here’s why:
>the cost to borrow has increased significantly with the repeated rate hikes. This has a delayed impact as many buyers had rates locked for up to 90 days, so the full impact for demand decrease isn’t felt for roughly a quarter.
>houses are sitting on the market far longer showing waning demand
>inflation continues to eat into people’s savings lowering consumer confidence and undermining the ability to save a down payment
>we are now I’m a recession with multiple large high profile layoffs occurring. People losing jobs is bad for the housing market
>the only potential indicator that isn’t terrible is inventory remains low. But if prices drop further and the economy worsens you may see inventory grow as people try to sell before the market drops further

[Anonymous No.50715064]

>>50709925
>50k off a house for $600k that was $277k two years ago

[Anonymous No.50715081]

>>50710265
thats a woman

[Anonymous No.50715140]

>>50710265
That's not a woman

[Anonymous No.50715340]

>>50709865
She is saying only what she’s financially incentivized to tell you

[Anonymous No.50716109]

>>50715025
Well said. The statement ties several factors together neatly.
>the cost to borrow has increased significantly with the repeated rate hikes. This has a delayed impact as many buyers had rates locked for up to 90 days, so the full impact for demand decrease isn’t felt for roughly a quarter.
This is very interesting. I didn't think about this. This situation could very well lead to an exit pump at the end of summer into fall. Buyers sitting on the sidelines with rates locked in ready to buy hoping for a good will capitulate to higher prices as time runs out and their rates expire.

[Anonymous No.50716141]

>>50709865
>we are in the new normal
That's enough to punch someone's face to a pulp

[Anonymous No.50716175]

>>50716109
hoping for a good *deal

[Anonymous No.50716239]

>>50714676
>>50715340
This thread isn't about her motivations you simpletons. Its about the general state of the real estate conversation in the US right now. Its about where the market is going the next few years. If you don't have anything to add of value along these lines take a seat. Adults are conversing here.

[Anonymous No.50716488]

>>50710113
This is how i know greeks were the gayest people ever. Only a gay can see past the vagina magic and see the batshit insanity lying just underneath

[Anonymous No.50716507]

>>50709875
Imagine believing a woman

[Anonymous No.50716785]

>the person trying to sell me a house said its a good time to buy

[Anonymous No.50716895]

>>50709865
prices are going down. wait another month at least

[Anonymous No.50717129]

>>50716109
>exit pump
Good, you mumus deserve all of the vad shit thats going to happen on the next few years. There is no reason 3 months from now we will have an exit pump. Houses are real world items, not your stupid tech stocks. The housing market cannot be as 100% delusional "priced in" for all the bad shit like the stock market. If no one has the money for it, it cant be bought. If the consumer doesnt have confidence, no one will buy it, they'll wait until they think they've hit the bottom.
Additionally, the average american has less purchasing power thab ever due to the crazy inflation happening. I wouldn't be suprised to see mor foreclosures in the mid future due to rising joblessness/peoples incime not being able to sustain their lifestyles.
If you understand this post, please shut the fuck up about retarded 'exit pumps' like the average buyer is pump and dumping houses.
>tfw a coworker buys a house 1 month ago above asking for a fixer upper
>tfw i had to force myself to not call him a dipshit everytime he brought it up in conversation
Goycattle got to goycattle i guess

[Anonymous No.50718258]

>>50717129
Calm your tits. "exit pump" was a poor choice of wording on my part. My post was in line with what you are saying. In your rage you seem to have missed my point. That point is prices while declining now may hold steady for a while as things worsen. There are buyers with loans right now boxed with high prices, the need to move before fall and have fixed rate loan terms that will expire. They will more than likely accept a higher buy price rather than miss out on buying this season. After this occurs the real estate market will start the next phase of "price correction" or whatever doomer term you prefer. You are absolutely right that prices won't hold. I don't think the prices dropping are suddenly going to collapse though this season though. Sellers still have to much say over the market still for a sudden major correction.

[Anonymous No.50718334]

>>50710113
Look at those hideous looking things

[Anonymous No.50718365]

>>50710265
>0:06
fucking suplex shoulders compared side-by-side with an average female

[Anonymous No.50718544]

>>50709865
On a serious note: Real estate is going to drop an average of 15% by the end of this year. depending on weather the fed increases interest rates going forward will determine where the prices go from there'

[Anonymous No.50719065]

>>50709865
The realtor in OP is right. Housing won't crash. It will temporarily cool off but prices will continue to rise. >>50715025 This fails to mention that there's a massive housing shortage. Inventory will remain scare and demand will stay up. It also fails to mention that the price to build new housing is way up in last two years and will only increase. There will be less new construction which exacerbates the shortage and any new projects completed will be more expensive. Furthermore, institutional investors are now in the single family home space and will continue buying as their time horizon is measured in decades (instead of months like the normalfag or retail investor). This will help bolster prices.

[Anonymous No.50719131]

>>50710222
Same. For some reason people are selling them still above what they were selling for months ago. But I suspect they'll start dropping soon. I could be wrong. I still see flyers that pretend to be hand written, but are from large corporations offering to buy your house for cash.

[Anonymous No.50719156]

>>50719065
>This fails to mention that there's a massive housing shortage.

It’s literally the last point I made as the only potential bullish indicator. My point was if that dam breaks and you see inventories rising then look out below

[Anonymous No.50719308]

>>50709865
The only thing I've learned from going through 2 market cycles in crypto is: never buy when the price is leapfrogging up or sell when it's leapfrogging down
That is, whenever people are bidding or asking above or below market price
In either scenario you know it's going parabolic and the bubble is almost over, even if it takes a while

[Anonymous No.50719393]

>>50710113
>>50716488
Greeks were incredibly based but they shouldn't have written their shit down
Had they not we wouldn't be in this mess
Socrates was right about writing

[Anonymous No.50719986]

>>50719308
Good advice , do you think we hit the bottom yet or no ?

[Anonymous No.50720040]

>>50709865
she gets paid when you buy, obviously she wants you to buy

[Anonymous No.50720140]

>>50709865
>may as well buy now
True any disruption in prices will be short lived and you'll most likely fail to take advantage
>this time its different
False this is not unusual at all
>there won't be a crash
True for most areas there may be a correction but not a crash
>we are in the new normal
False nothing has really changed
>prices won't be coming down
True for the most part as explained above
>demand is too high
True more and more people want a home

In addition supply is woeful and builders have stopped shut down construction of new homes. Also, rents are through the roof.

[Anonymous No.50720225]

>>50710226
You mean the Republic, you redditor.

[Anonymous No.50720272]

>>50715025
>the cost to borrow has increased significantly with the repeated rate hikes. This has a delayed impact as many buyers had rates locked for up to 90 days, so the full impact for demand decrease isn’t felt for roughly a quarter.
Mortgage rates are already falling see pic
>houses are sitting on the market far longer showing waning demand
We'll when you're near zero any increase will seem huge the fact is any fairly priced home is selling quickly by all historical norms
>inflation continues to eat into people’s savings lowering consumer confidence and undermining the ability to save a down payment
Very true
>we are now I’m a recession with multiple large high profile layoffs occurring. People losing jobs is bad for the housing market
Maybe it's coming but right now unemployment is near historical lows
>the only potential indicator that isn’t terrible is inventory remains low. But if prices drop further and the economy worsens you may see inventory grow as people try to sell before the market drops further
People only sell at a loss if they are forced too. Unemployment is at historical lows, most homeowners have absurdly low fixed rate mortgages and rental costs are through the roof. We are a very long way from the disaster you're hoping for rentoid

[Anonymous No.50721007]

>>50709875
>t. priced out
Rent is due in 28 days. The clock is ticking.

[Anonymous No.50721062]

What's the point of realtors? Don't people just find homes they want to buy online? Why can't they buy from the homeowner and pay some lawyer to do the documents?

Or is it a leftover job that's been made pointless like car salesmen?

[Anonymous No.50721160]

>>50720272
Most of the inventory on Redfin and Zillow has been sitting for many months to a year no sale. Of course that’s not how it looks on their web or app but if you look every few weeks over a long period of time you will realize this.

[Anonymous No.50721243]

>>50710779
And woman decide to birth new life into this world ...go figure

[Anonymous No.50721370]

>>50719986
>we hit the bottom yet
Not possible. Something has to give in the economy. It simply isn't possible to continue forward with inflation depleting savings, revolving credit debt load rising and wages stagnating. Layoffs are incoming, stock market is down, people are starting to not get by paycheck to paycheck. Too much economic ground is being lost for the average household.

[Anonymous No.50721799]

>>50721160
>Larping rentoid is larping
You will never know the joy of a zestimate

[Anonymous No.50722282]

>>50709881
> Did she offer you sex to close the deal?

Should there be a standard contract clause for something like this?

[Anonymous No.50722498]

>>50709925
I'm waiting for those. The ones here are all like pidly little 5k drops (though I am in Southern california)

[Anonymous No.50722558]

>>50709865
>>demand is too high
>Is she wrong?
someone is still buying most of the good properties on the market
>realtors are scumbags

[Anonymous No.50722572]

>Only a few houses for sale in the neighborhood I want
>2 of them have been up for almost a month
>1 of those is gone as of today
I'm gonna wait it out some more

[Anonymous No.50722650]

>>50709865

bear case:
>its too expensive now because of rate hikes
>recession will make things worse

bull case
>the supply is far, far too low for demand to fall off
I've said it before, but what is going to happen depends on how many more layoffs you expect to see. As things are, I could see a correction in some areas and not much change in others. But if layoffs get worse and unemployment keeps rising, the demand is going to sharply sharply drop. All it takes is a bit of fear to create a self-sustaining cycle of fear.
>Everything I own is worth slightly less, everything is going to 0, sell everything
many such cases

[Anonymous No.50723415]

>>50722498
I'm in southern Texas, I'm seeing a lot of $5k price cuts, and houses sitting on the market for longer periods of time. Also the market is flooded with new houses. The developers caught up to the demand it seems.

[Anonymous No.50723597]

>>50721062
Realtors are helpful if you're selling a home. When it comes to buying yes you're correct 95% of them are useless (just think about the sort of person who actually becomes a realtor) because you can look on zillow yourself and write up offers yourself. They're only helpful if you're lazy or extremely busy as they'll mediate communication with the seller and take care of writing up the documents but this typically isn't worth the 3% which even though the seller pays you can save it if you negotiate. Now to be fair, the other 5% of realtors are actually good will put in leg work to find you off market deals and they'll have a large network which you can leverage, eg give you referrals to good contractors, etc. But these ones are hard to find but it's worth rewarding the 3% of the sales price imo.

[Anonymous No.50723844]

>>50709865
>my realtor
Does she gets a % if she sells the house to you?
Yes?
Don't trust that person.

[Anonymous No.50725069]

>>50722498
>>50723415
>$5k price cuts
Seeing a lot of those in my area too. I don't see what the point is besides maybe softening up sellers to get them to come down. As a buyer I don't really give a crap about $5k off. On an approximate $250k loan the difference of $5k less of a buy price is around $27 a month as far as payments go. That isn't enough to matter to any financially responsible person.

[Anonymous No.50725086]

literally just wants to sell you something so she can get her percentage and move on

[Anonymous No.50725642]

>>50709865

>She

NGMI

[Anonymous No.50725712]

>>50710329
HAHAHA you're fucked.

[Anonymous No.50725855]

>>50715064
Fucking this.

[Anonymous No.50726459]

i am renting in wisconsin and want to buy a house but property taxes are such garbage
$4-500/mo for a modest 3br in rural area, thats almost half my rent
at least my boomer landlord is sticking to the same 2% rent increases for several years now

[Anonymous No.50727019]

>>50726459
>taxes are $4-500 a month on house in Wisconsin
>I can't believe it so look up a $300k cracker box in Madison, WI
>Turns out its true
Dude move to a different state. That is really fucking high. Same house in my area is around $1200 a year property tax.

[Anonymous No.50727293]

>>50719065
>This fails to mention that there's a massive housing shortage.
This is a jewish lie. It was never true.

Cheap rates accelerated demand. For example, over 50% of single family homes in Dallas/Fort Worth were scooped up by institutional buyers in 2021.

[Anonymous No.50727366]

>>50727019
i live in belleville, illinois and probably pay about $6k in property taxes on a $150k house

[Anonymous No.50727374]

>>50709865
realtors are just glorified used car salesmen. they're not any smarter than you in 90% of cases, the barrier to entry is quite low. on top of that, they make a few percent in commission, so we have a conflict of interest as they want you to overpay so they get more commission.
there's always a certain proportion that are going to be pretty smart, but they also probably don't mess around with average houses.

[Anonymous No.50727406]

>>50727366
yes, illinois taxes are absolutely unholy, teacher and government employee pensions have had funds mismanaged for so long, and they have so much local government that needs their cut
a lot of midwest is honestly crazy on tax rates. this won't be as big a deal if we see real estate prices chill out, but presently with the high valuations due to low-ish rates it's unreal.

[Anonymous No.50727439]

>>50720272
>Maybe it's coming but right now unemployment is near historical lows
Low unemployment is a meme, they have manipulated the stat to make it meaningless as it no longer counts “discouraged workers” who have quit looking for work and/or have ended up in the free gibs safety net. Look at numbers for % employed of working age population instead of unemployed and then come back to me
>People only sell at a loss if they are forced too. Unemployment is at historical lows, most homeowners have absurdly low fixed rate mortgages and rental costs are through the roof. We are a very long way from the disaster you're hoping for rentoid
I never said they are selling at a loss, but if people see the market dip they obviously take profits afraid it could drop more. In particular this applies the investment properties where landlords have more flexibility on when to sell. Boomer landlords will realize profits afraid of a crash to ensure their retirement.

Also you throw out “rentoid”?as an ad hominem to discredit my point but I own my home outright having bought in 2011 and paid off my $300k mortgage ($350k purchase) over the last 10 years. My home is now worth a million so I understand the value of long term home ownership, but also understand we are due for a pull back especially after the massive spike over the last 2 years

[Anonymous No.50727454]

>>50709865
>there won't be a crash

OH HO HO HO HO

They're lying.