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There are houses going up here R and L. You should see this house the builder of our sub built. It’s insanity. Hope I get invited to a party there next summer.
I'm calling it.
- Thread starter Peter Gozintite
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There are houses going up here R and L. You should see this house the builder of our sub built. It’s insanity. Hope I get invited to a party there next summer.
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I think it’s got a ways to go
I'm bumping it.
I saw that home loan applications are at a high level again; people probably trying to lock in rates that WILL be going up soon.
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My buddy that works for the power company sent me these pictures, with a text," hey man, can you patch this stucco up?"
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Things are slow AF out here with the market. What's going on where you are?
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Me? Just eatin' some fritos, watching highlights of day 1 of the Masters
Depends on how they’re priced. Had three houses in my neighborhood go on sale in the past few months. Two sold right away. One priced themselves about 10% higher and it’s languishing.
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What about on your business side?
Slow as fuck, but we’re making money buying scratch and dent loans from lenders who are going down. Buying them dirt cheap and either refinancing them or reselling them.
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I just sold my house yesterday for 36k over ask and never showed it. The inventory in B’ham is super low and we had 18 showings scheduled for this weekend and people just started writing contracts before the pending period was over.
In my area, the house market is moving back up a bit this time of year. The weather's getting better and I'm seeing construction crews all over the place. People doing a bunch of "fix-it" work along with some remodeling.
Housing Market Summary For Newport County, Rhode Island:
Market Report for Newport County, RI
Should be interesting!
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Sounds your agent should have listed it higher
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No the strategy was go low and get a bidding war started. We thought we’d get 15k more but 36k was well beyond what we thought.
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Dollar late and a year short.
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Like I said
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Slowed down about 70% but still lots of building going on. I would just assume the California people quit moving here.
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Any Changes? Things are grinding along, but it feels like something has got to give.
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It’s rates. When the rates get down to more like 5.5% things will heat up big time. There is pent up demand and people are just waiting it out.