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New Renter
2013 Jul 8, 8:29am
All cash buyers will buoy the market until they are exhausted. After that interest rates might matter.
everything
2013 Jul 8, 10:51am
Do the buyer and yourself a favor and put it up for sale now with stipulation that you are moving out at certain date, or put a ridiculous price on it that makes it worth it for you to move out now.
Otherwise, why worry, back when we had 5-6% people were still buying like crazy. It's just that selling in the middle of winter is not all that great vs. next spring, unless the economy is taking a crap in between the seasons.
Nobody buys sfh with 6 month rent back periods. My new house won't be ready yo move in until January.
There's basically no price I could get for it that would make it worth moving out now.
Has anybody noticed a market shift now that interest rates have climbed 30%?
I still don't see any inventory around here so it seems that the market isn't changing. What's listed isn't affordable and what's affordable gets bought as soon as it hits the MLS.
I'm hoping this remains true until the end of the year when I need yo sell, but it seems like something else needs to give. 4% rates were probably the only thing that made anything affordable at all. With 5 or 6% I don't see who's going to buy.
#investing