Current status of housing market. Listings increasing. Prices Dropping. Another economic red flag.
(media.greatawakening.win)
👀 EYES ON! 👀
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I actually found a house last night that was actually close to it's pre-covid price and was actually good value: $750k today verse $650k in 2018. It sat on the market for 3 months at $870k over the summer. If you want to know, it's 6 bed, 5 bed, 6500 square feet, 3 car garage, full finish basement, sitting on 1.5 acres. I would snag it if interest rates weren't 7% making the payment around $5600 a month. My rent is $2600 a month for a 4500 square foot house.
Most houses around here more than doubled in 2020 through 2021. Just six month ago it was not uncommon to see an asking price of around million bucks for a house that sold for $475k in 2018.
With all that said, I'm going to wait until May of 2023 to seriously look at buying a house.
What part of the country are you?
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https://www.youtube.com/watch?v=GRK0dUA8apY
Thank you for posting this. I've never watched that guy before, but now I'm about to do some lunchtime binging. :D
You’re welcome. He seems unbiased, sharp and he is entertaining.