Submitted by s1n0d3utscht3k t3_10q0uw6 in wallstreetbets
Comments
Old_Constant_1377 t1_j6nj0oy wrote
Timely-Government-84 t1_j6napyx wrote
I get Redfin notifications multiple times per day, every day, letting me know there has been a price decrease on a home I saved.
I open them, look at the estimated monthly payment, and then I promptly close… because the monthly payment is now essentially 2x what it would have been pre-rate hikes.
Real estate is slow to move, but something will give soon.
pigsgetfathogsdie t1_j6nax1c wrote
Only 70ish% left to fall…
Old_Constant_1377 t1_j6nj366 wrote
rhayhay t1_j6no29t wrote
Oh wow!! ITs CrAsHiNg!!!!!
STONKvsTITS t1_j6nbbng wrote
The housing market cools due to high-interest rates on the monthly payment which is unaffordable for people still.
benary t1_j6ng5dt wrote
OH if only u selled today
planetofpower t1_j6nhgge wrote
Not for people. For hoarders. Unaffordable for hoarders to keep hoarding more. People can afford housing once more inventory is released.
cough_landing_on_you t1_j6nzsj6 wrote
Noticing it's starting to pick up again. FML
OkGuide6299 t1_j6o2ldz wrote
That'll make up for the 5% interest you're paying now!
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Adorable_Ad8515 t1_j6otp4y wrote
House literally went up about 50% and now they drop 3%. I’m ready for all the savings. :)
renok_archnmy t1_j6owp8w wrote
Median home price in my city is like $1,000,000. So now maybe it’ll be closer to $980,000. Awesome… good thing the median household income is between $50k and $70k.
bean_cow t1_j6p8dup wrote
Let it burn
More......MORE.....MOARRR
SpeakerClassic4418 t1_j6n7s0x wrote
A whole 2.5% after doubling in price in about 4 years...