Last listing in my hood in tri valley for house my model increased nominal sale price 20 percent over last sale. My hood is usually a 'trailing indicator', meaning it drags ass on pricing but eventually catches up to the average going rates. This is over a couple of months. I am not into prediction, but this has to be a peak leading into price collapse, unless fiat money is truly circling the drain.
This is the biggest short term increase percentage in nominal price since we lived here.
If the housing bust happen, Would you buy this time?
@FarmersWon
I ignore the market and look only at the price of any particular house I want to buy compared to what it would cost to rent that.
If I can find a house I like which is cheaper than renting the same thing, I would buy it. I can't find any of those in California, and not sure I want to stay in California anyway.
I think in most of the country it is normal to find houses that are cheaper than renting the same thing, but not here.
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This is the biggest short term increase percentage in nominal price since we lived here.
@FarmersWon
I ignore the market and look only at the price of any particular house I want to buy compared to what it would cost to rent that.
If I can find a house I like which is cheaper than renting the same thing, I would buy it. I can't find any of those in California, and not sure I want to stay in California anyway.
I think in most of the country it is normal to find houses that are cheaper than renting the same thing, but not here.