Will housing price go down with the recnet events??

like
Posting as :
works at
You are currently posting as works at

Temporarily, yes either go down or increase more slowly

like

San Francisco and New York never go on sale. Plus there’s so much capital on the sidelines looking for deals.

like

Chicago???

like

Yes home prices in major cities who have been experiencing significant growth will begin to trend in the opposite direction. Most people’s down payment or net worth is tied up in public equities. And regardless of interest rates, the amount of money available for a down payment will fall across the world. Once this trigger comes into effect, demand on more expensive properties will dampen and collectively become a buyers market, thus pushing prices downward.

like

Depends on location. I would think tech centers (areas where people are easily able to work from home) will be minimally affected, ie Raleigh / Seattle/ San Francisco/ Austin

Trying to sell my place in Chicago now and i think I’m screwed. Even my agent is surprised by how long it’s taking.

Depends on where in Chicago. Suburbs have been slow through out this winter.

Two residential clients pulled out of deals before contract signing because they were afraid of the effect of the virus. Westchester NY

A lot of planned down payments taking a hit in the market now. Biggest impact will probably be mid price homes is my guess

I’d say luxury homes will be impacted even more. Their prices are more correlated w stock market

smarthelpful

You ever see the show Walking Dead? 🤔

Related Posts

Looking for fun virtual team icebreaker ideas - have any?

like

Hi All! Has anyone used a virtual assistant? If so, what were the tasks that you “delegated”?

like

How is scaler data science course, also anyone got hike after that ?

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

Hi Folks,

Please provide info on Finacle projects in IBM. WLB,hikes...

like

Anyone still working from home? What do you do to break up the monotony of day?

like

Consultants - have you found it difficult to maintain existing friendships? Or make new ones because of the hours worked? How do you deal with this?

like

One of my friend has received an inquiry email from capgemini that it has been found that he is moonlighting. has anyone has received a similar email ? He is just working with capgemini only and is currently serving notice period and was expecting to leave by start of january 2023. Is capgemini harassing the guy ? Has anyone else got the same email ?

like

R.I.P. Takeoff, such a shame to lose a great artist to senseless gun violence. So young too…

like
like

So the scene was glorious but Rhaenys also killed what looked like dozens of innocent people. And how many more will die because she didn’t roast the Hightowers?

Maybe a larger nitpick about both shows - it’s pretty constantly reinforced that life in Westeros is cheap. Ppl get offed or hurt for the simplest things, sometimes as an afterthought.

But we were supposed to recognize that Dany dealing harsh justice a few times meant she was evil and unfit to rule?

Favorite restaurants in San Francisco? Thanks ya’ll!

like

Good day, everyone.
Tiger Analytics has a lot of openings. DM for JD & referral.
#JobList1

Post Photo
like

Moving to Philly next year, making ~90k before tax. Would like to hear some opinions on how much I should spend on rent. (For context I do not have student loans and would also like to lease a car)

like

Starting a new role as a lead ux designer in a mid-size b2b product company. This will be my first time leading a 3 people design team for a major feature of the product.

I am always on the agency or consultancy side. Not sure how can I navigate or manage someone who is probably more experienced than me.

Looking for suggestions and tips to survive.

like

Got on the waitlist for booth - feeling very defeated, thought my interview went great.

Anyone have any insight as to what this means? Or where to go from here?

like

Looking for salary ranges for remote research clinical data coordinator

like

Co-living PGs in Whitefield area? I’m moving to Blr for 2 months with my wife.
Else if anyone can suggest something better

like

Big tech (Google, Meta) vs medium tech (Uber) for the $$?

like

Any advice for shifting from pharma to consumer?

Additional Posts in The Real Estate Bowl

How much do you need in free equity to begin RE investing in either flips or rentals?

like

How bad is this Airbnb crash going to be? Can’t be as bad as GFC, right?

like

Anyone buy a house in the past few weeks? What rate did you get quoted at?

like

Making an offer. The sellers said they had 30+ people walk through the open house today, and are asking for best and final. They’ll make a decision on Monday. The list price is 775k. We were originally thinking of offering 700 to start since comps are around 735k. However, this is nicer than the comps renovation-wise. What would you all suggest we offer? We’d rather lose the house than overpay, so this concerns us.

like

Has anyone here bought new build townhouse before? I'm about to close in 2 weeks and the contract states that nothing can delay or stop the closing even if something needs repair. If something needs repair, they will fix it while we're living there. And we have warranty for everything for a year. So my question is, should I just save money and have an house inspector come until 3 months before the year is up?

like

Look! House prices are coming down in the Toronto area! Owning a decent home seems almost attainable now 😭

Post Photo
like

Anyone in the DMV area and interested in joining a young RE investors club?

like

Anyone work in real estate or familiar with the Realogy rebrand to Anywhere? Curious about opinions.

like

How do you go about figuring out the upgrades that you’ll need to do to a property when looking at a property to flip?

like

Top 3 attributes you look for in a SFH (for rental)?

like

Question for my tax gurus. Want to refinance my rental property. I assume I can deduce closing costs, new interest expenses. The cash im pulling out, however, is going to a personal reason. If al@this above board? I’d love to be able to increase my interest expenses in a tax deductible part of my finances (I take standard deduction).

like

I’m currently leasing an apartment in Philly. A new company just bought my building and now we owe payments to them.

Are we supposed to be given a new lease when this happens? No where in my current lease does it say, if someone buys our company that we’ll automatically have agreements transferred

likefunny

I’m now in month 5 of waiting for my mortgage loan to be approved. I had hoped to be moved in months ago. Is there anything I can do to get the bank to speed up the process?

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

Thinking of buying a lake front house and rent it on Airbnb. Does anyone here have experience being a host and guide me thru how to estimate the cash flow and rental stats in the area etc

like

Hey guys, I’m looking to invest in the purchase of land in Austin. Because it’s not commercial or residential investment at this point, I’m at a loss for financing options. I’m short $100k. Any ideas on where I can get a loan from for this?

like

600k cash, 250k/ yr TC, would you pay off a one bed condo and be mortgage free? Or mortgage additional 300k to get a 2 bedrooms?

like

Been house hunting for quite some time. Keep getting outbid every single time. Just found something within my price point, but is new construction. Should I go for it? Do new builds hold up their value long term (10-15+ years)?

like

With yesterdays rate increase, and an additional 3-4 increases slated for the rest of the year, how high are mortgage rates going to be through the end of the year?

like

Anyone use Homelister recently to sell a property? Any thoughts/comments appreciated.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal