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2026 Jan 18, 12:04am
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2026 Jan 18, 12:04am
This townhome unit sold a couple of days ago for about 18% below its 2023 purchase price of $305,000.
It could have reasonably sold for $325,000 in 2022 when the 30 yr mortgage rate was below 4%.
I noticed sales picking up with the 30 yr conventional mortgage rate at no more than 6% and prices about 20% below 2022 all-time-high levels.
https://www.zillow.com/homedetails/1820-Annabellas-Dr-Panama-City-Beach-FL-32407/246091125_zpid/
It could have reasonably sold for $325,000 in 2022 when the 30 yr mortgage rate was below 4%.
I noticed sales picking up with the 30 yr conventional mortgage rate at no more than 6% and prices about 20% below 2022 all-time-high levels.
https://www.zillow.com/homedetails/1820-Annabellas-Dr-Panama-City-Beach-FL-32407/246091125_zpid/
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.