At this point either the government or a billionaire needs to start building entirely new cities. Also block foreign buyers for a couple years period...
Government is the problem not the solution. The federal reserve has set interest rates at 0% for a decade and bought mbs. Similar to student loans, the government is the problem, Obama made student debt non defaultable. Everything the government touches turns to garbage.
@@gku8744 not surprised at all. Realtors dont Make money by telling the truth. Call any realtor in vegas and they will tell you it is a great time to buy and never once mention lake mead will be dry in 5 years.
Its not just Denver its all over. Here is Florida regular every day people are priced out of the game With multiple offers on almost every house and cash offers always winning out its depressing.
There's a lot of back on markets and price decreases here in SWFL within the last week. Buyers getting priced out due to the sudden rise in interest rates.
We just bought a condo in Denver for a little over $300k at the beginning of the year. Two bed, one bath, garage plus washer dryer in the unit. It’s in a decent neighborhood, not great, not bad. We feel like we overpaid but we needed it.
All data is starting to show a slowdown in the market. Days of inventory increasing as well as greater reductions in asking price after listings. Interesting to see how it plays out over the next 2-3 months with rates continuing to climb.
Really. Two houses just sold in my neighborhood for 200K over ask, no contingencies. 34 Offers 48 hours after listing. Realtors won’t accept offers without escalation clauses from full price. May want to review your “data”
When the 30 year hits 6.5% in a few months, and the recession deepens, the housing market in places like Denver is going to implode, with big price cuts, soaring foreclosures, and dozens of mortgage firms going bankrupt
When they say slowing, what they mean is what the houses are listed at. So prices are listed at lower prices, but that does not mean people are not paying over asking. I had my agent tell me be expected to come to the table with 100 over asking to even have skin in the game. So lesson learned for myself.
Sup mah dawgs!! Remember Hooooms only go up. I'm depressed all the time cuz life sucks i mised out on crypto and stocks in 2020 but i feel better seeing my zestimate go up $8000 a month. That's higher than my income. Hell Stonks only go down this year but Hooms keep on going up!!
If we don't see decreases the gov has to step in and block investors. This is a national emergency.
At this point either the government or a billionaire needs to start building entirely new cities. Also block foreign buyers for a couple years period...
Government is the problem not the solution. The federal reserve has set interest rates at 0% for a decade and bought mbs. Similar to student loans, the government is the problem, Obama made student debt non defaultable. Everything the government touches turns to garbage.
Her tone shifted when he asked about rising interest rates 🤣
I don't get how anyone can sound happy when discussing housing today.
@@danielstarr8957 Realtors make more money when its higher
@@supadave422 yeah but there is less supply so lots are having to quit... So a small portion are having a good time.
And we all know that realtors never lie.
they also withhold information.
@@barano9729 yup they do and i dont like them for that
They don't: "Buy now, it can only go up from here."
@@buzztrucker that is what they said in 2008
@@gku8744 not surprised at all. Realtors dont Make money by telling the truth. Call any realtor in vegas and they will tell you it is a great time to buy and never once mention lake mead will be dry in 5 years.
Making 200k in colorado and having a time affording a decent home...
Its not just Denver its all over. Here is Florida regular every day people are priced out of the game With multiple offers on almost every house and cash offers always winning out its depressing.
There's a lot of back on markets and price decreases here in SWFL within the last week. Buyers getting priced out due to the sudden rise in interest rates.
@@dsj9831 Pasco county is terrible right now
We just bought a condo in Denver for a little over $300k at the beginning of the year. Two bed, one bath, garage plus washer dryer in the unit. It’s in a decent neighborhood, not great, not bad. We feel like we overpaid but we needed it.
Good for u
All data is starting to show a slowdown in the market. Days of inventory increasing as well as greater reductions in asking price after listings. Interesting to see how it plays out over the next 2-3 months with rates continuing to climb.
Really. Two houses just sold in my neighborhood for 200K over ask, no contingencies. 34 Offers 48 hours after listing. Realtors won’t accept offers without escalation clauses from full price. May want to review your “data”
When the 30 year hits 6.5% in a few months, and the recession deepens, the housing market in places like Denver is going to implode, with big price cuts, soaring foreclosures, and dozens of mortgage firms going bankrupt
Prices are gonna fall
@@m.r.5719 people are making the biggest financial mistakes of their life right now..
@@thinkaboutlife5335 people said the same thing when people bought in 2020…
This has been happening in Vancouver Canada for a decade.
Yes, same in Sydney but Americans are so inward looking and think they’re the centre of the universe…..
Ya most of us say… hey prices have to go down lol
When they say slowing, what they mean is what the houses are listed at. So prices are listed at lower prices, but that does not mean people are not paying over asking. I had my agent tell me be expected to come to the table with 100 over asking to even have skin in the game. So lesson learned for myself.
Lots of people in Colorado are moving to my hometown of Sidney Nebraska.
The cure for higher prices are higher prices
What’s the reason for the price increases for houses in the Denver area?
Is the Denver economy; and jobs market hot?
Sup mah dawgs!! Remember Hooooms only go up. I'm depressed all the time cuz life sucks i mised out on crypto and stocks in 2020 but i feel better seeing my zestimate go up $8000 a month. That's higher than my income. Hell Stonks only go down this year but Hooms keep on going up!!
I saw this movie in ‘2008