I'd like to buy, but the market is absolutely atrocious currently

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I agree. What are your short term and long term plans?

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Short term? Continue to rent and grow a very nice savings while I wait.

We are hoping to buy in Jan, but with this market I feel like we can’t catch up. Been renting for 10 years though and it’s time to move on- I guess we’ll just have to be stretched thin for a bit

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Is it too late in our lives to jump into a mortgage?

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8k range was the long term 200 day MA support that everyone and their mother said they would be buying at. Well it’s 8900 and buy volume is basically nonexistent..

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Buying our first home and from a friend, we are both not using realtor. How do you got about doing this, does some have a playbook I can use?

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With interest rates between 6.5% and 7.5%, it is safe to say that buyers are slowing down in their search.

I am a real estate agent who is in the process of closing on her first home. We offered $15k under list and asked for closing costs to be paid for. Granted, this is in a very small rural town; however, just know... If you have been looking for a home for the last 2 years and have not had great luck, now is the time to take advantage of the changing market. You can refi when rates drop.

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I am brand new to the process and keep hearing conflicting reports. Should I be waiting out the market? Or is this the perfect time to buy if you can? I don't trust all these realty sites telling me I should buy now.

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I’m really discouraged. My after tax / after 401k contributions etc. take home pay is $6,500 monthly. I have $60,000 in savings / stocks for a down payment but even looking at a $550,000 home, my monthly payment would be about $3,400 from the calculators I’ve been using. Is that too high?

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