Thank you for the update. Private Investors are dumping properties before the market will drop, this accounts for some of the uptick in inventory. The Fed rate cut won't change market dynamics in any significance way, for now the trend is downward.
I’ve been hearing that lenders have “priced in” the rate drop for about a month, yet I was able to get much lower third quote a month later. So how is the rate drop priced in?
For the MOST part I agree. However a lot of those people were waaay over-bidding on homes. Many of which aren't even worth what they were purchased for a few years ago. Happening in Austin, Vegas, and here in Albuquerque New Mexico where I live. Ask me how I know 😮💨
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Thank you for the update. Private Investors are dumping properties before the market will drop, this accounts for some of the uptick in inventory. The Fed rate cut won't change market dynamics in any significance way, for now the trend is downward.
You mean flat (per balanced CMI)
Always appreciate these updates.
I’ve been hearing that lenders have “priced in” the rate drop for about a month, yet I was able to get much lower third quote a month later. So how is the rate drop priced in?
Marry the house, date the rate and lose your house. People who bought before 2022 are set with low rates and won't go into foreclosure.
For the MOST part I agree. However a lot of those people were waaay over-bidding on homes. Many of which aren't even worth what they were purchased for a few years ago. Happening in Austin, Vegas, and here in Albuquerque New Mexico where I live. Ask me how I know 😮💨
Don’t listen to Rick marry the home owner a widow is the key (life insurance)
You would be surprised what can happen when the main provider of the home loses their job for x reason.
This is not true at all lol.