Looks like the housing market has cooled down a lot because of record high prices.

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  #31  
Old 07-05-2021, 06:04 AM
Hiltongrizz11 Hiltongrizz11 is offline
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Anyone can go in and alter a Zestimate
If you're using that as a guideline then I suppose you're playing your day according to the stars
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Old 07-05-2021, 06:17 AM
tmbozoki@gmail.com tmbozoki@gmail.com is offline
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You just described classic Economics. High demand high prices, low demand low prices. It's 100% true for anything in the economy has nothing to do with greed.
  #33  
Old 07-05-2021, 06:21 AM
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Quote:
Originally Posted by joelfmi View Post
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition.
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels, THIS I HOPE WILL STOP THE GREED OF SELLERS
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less as per Redfin
From where does this information come?
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  #34  
Old 07-05-2021, 06:21 AM
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If someone is selling a home then odds are they plan on buying a home elsewhere in which case they will be facing the same elevated prices in a hot market.

Eventually government and Fed policies will precipitate another housing and financial collapse. Then you will find better prices. But that is probably years away.
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Old 07-05-2021, 06:24 AM
nick demis nick demis is offline
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Quote:
Originally Posted by joelfmi View Post
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition.
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels, THIS I HOPE WILL STOP THE GREED OF SELLERS
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less as per Redfin
Sounds like some one is envious to me.
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Old 07-05-2021, 06:31 AM
J1ceasar J1ceasar is offline
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Default The only thing stopping buyers is Money in the Bank

the last time we saw something like this was 20 years ago when prices went up 25% a year for three to four years in Florida

Don't worry folks when prices go up they always go down in Florida

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Originally Posted by Papa_lecki View Post
It’s almost like there should be some economics rule about supply a d demand.
  #37  
Old 07-05-2021, 06:35 AM
Annie66 Annie66 is offline
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Originally Posted by JMintzer View Post
Those GREEDY buyers!
If you were selling, would you be one of them?
  #38  
Old 07-05-2021, 06:58 AM
merrymini merrymini is offline
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I love the “greedy” guys. Your home is usually the biggest single investment people make and I see no reason why people should not sell if the opportunity arises to make money. People have bought in a hot market before, and had to eat it when things cooled off. So, if you are willing to risk buying at a high point, go right ahead.
  #39  
Old 07-05-2021, 07:02 AM
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Default A home is an inflationary stabilizer

We are all staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets.

Remember, the US economy had more than a Trillion dollars of funds injected into it along with penned up savings. People are willing to pay more. Get used to it.

Enjoy what you have saved and ignore the stress of worrying about others.

Last edited by Normal; 07-05-2021 at 07:15 AM.
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Old 07-05-2021, 07:05 AM
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Default House is an Inflationary Offset

It’s all the free market and supply versus demand.

Everyone is staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets. Your existing home gives you buoyancy in a sea of inflation.

Remember, the US economy had more than a Trillion dollars of funds injected into it along with trillions in penned up savings. People are willing to pay more. Get used to it.

Enjoy what you have saved and ignore the stress of worrying about others.

Last edited by Normal; 07-05-2021 at 07:12 AM.
  #41  
Old 07-05-2021, 07:07 AM
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Quote:
Originally Posted by Laker14 View Post
I hope you aren't one of those greedy sellers who choose to accept the highest offer.
No, it was my wife. I wanted to accept the lowest offer so we wouldn't appear to be greedy but she overruled me.
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Old 07-05-2021, 07:14 AM
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This is a cage match where no one gets knocked out….
  #43  
Old 07-05-2021, 07:15 AM
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Default Location, location, location.

Quote:
Originally Posted by Normal View Post
It’s all the free market and supply versus demand.

We are all staring down the throat of a massive inflationary beast. Whether there is a bubble (there isn’t), or a shortage, a WallStreet debacle, or whatever, the housing prices are here to stay. Sell your house for more, pay more for the next, the whole thing offsets.

Remember, the US economy had more than a Trillion dollars of funds injected into it along with trillions in penned up savings. People are willing to pay more. Get used to it.

Enjoy what you have saved and ignore the stress of worrying about others.
It is not so much what you're buying (or selling) but WHERE you are buying or selling.

Our home in Minnesota gained over $50,000 in value in the space of a few months. We were located in a small town about 50 miles from Minneapolis. When the riots happened in Minneapolis and St. Paul there was an exodus of people from those cities and our little town became a bedroom community for people who worked in Minneapolis but who decided that continuing to live there was not worth the risk. Interestingly enough our house sold for substantially more than the asking price, and in the space of three days. It was our ticket to The Villages, so to speak.
  #44  
Old 07-05-2021, 07:22 AM
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Quote:
Originally Posted by joelfmi View Post
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition.
Housing Market Update: Pending Sales Slide as New Listings Reach Pre-Pandemic Levels, THIS I HOPE WILL STOP THE GREED OF SELLERS
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less as per Redfin
HUH? "This I hope will stop the greed of sellers," I judge ALL by the same rules. Perhaps, that makes me strange.

GREED? When someone else sells their home for a high price that is greed. When, if I sell my house for a high price that is not GREED. HUM, how some THINK, now that IS STRANGE to me.
  #45  
Old 07-05-2021, 07:35 AM
Marine1974 Marine1974 is offline
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You think Greed of seller’s . What do they do about buying a new home that’s over priced in this market if they don’t get a higher price for the home their selling ?
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