I assume we are all old enough to realize we've seen this movie before. I'm feeling fortunate I was able to talk my DW into making a move 2 years ago. We, just out of dumb luck, managed to hit a sweet spot when interests rates were low (2.75%) and just before home prices in TV went completely nuts.
I assume that most of us on this forum have made the move, are happy being homeowners in TV, not looking to sell, and can watch this phenomenon unfold without getting too emotionally invested.
I was not a cash buyer, as we kept our northern home so we can snowbird, so interest rates were a concern. If you are a cash buyer, and have been sitting on the sidelines hoping for a downturn in prices, maybe now is the time. I wouldn't wait too long though, as these national trends don't seem to hit TV as hard as normal residential markets get affected. I"ve watched the trends here since 2007, and while there have been some moderating downturns, as I say, not precipitous drops.
Just my free, and worthless, observations.
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