Hot Housing Market

[KJQ6945]

The sign went in the yard, we left for Texas, yesterday at 4:30 am. We received an offer for our full asking price before we even made it to Texas. The house has not yet been listed.

The market is still pretty hot.

 

[indyartisan]

I thought we did good.
We sold Mom’s house for asking price in 3 days in Hamilton Co.

 

[churchmouse]

The sign went in the yard, we left for Texas, yesterday at 4:30 am. We received an offer for our full asking price before we even made it to Texas. The house has not yet been listed.

The market is still pretty hot.

 

[drillsgt]

Houses in Greenfield are doing well too, houses sell pretty quickly in my neighborhood and we still have new homes being built.

 

[Bigtanker]

Just over a year old so not quite a necropost.

Our house went live last Thursday about 1:30 pm. My realtor called about 3:30 saying she had a cash offer for asking price. No appraisal, no inspection and ready to close. By 7:30, I signed their offer. We plan on closing this Friday. 8 days from listing to closing. I am happy.

I could have waited for more $$ than asking price but we bought a house first, moved into it, then sold our original house. Not dragging the payments out another month was a huge relief. And it's done before the holidays.

Still made out good at the asking price too. It was a little over 15% from the appraisal we had done in October.

 

[SAILORGOLF46]

Its a crazy market but in a good way. Congrats !

 

[Route 45]

Zillow offers 1% down payment program: Here's how it works

Zillow launched a down payment program to try and entice more homebuyers into the marketplace. The program is touted as a way to reduce the time buyers need to save to buy a home.

www.foxbusiness.com

Mortgage rates reach highest level in over 20 years

Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.

www.foxbusiness.com

What could possibly go wrong?

 

[phylodog]

Hmmm, corporate ownership of private residences is at an all time high, largely responsible for creating the current bubble. So the government assists answers by raising rates so no one could afford the mortgage if they could afford the mortgage it would take to buy the property they could have reasonably reasonably three years ago.

How lucky are we live in a free country where our elected officials look out for the citizens first and not corporate interests.

 

[smokingman]

Hmmm, corporate ownership of private residences is at an all time high, largely responsible for creating the current bubble. So the government assists answers by raising rates so no one could afford the mortgage if they could afford the mortgage it would take to buy the property they could have reasonably reasonably three years ago.

How lucky are we live in a free country where our elected officials look out for the citizens first and not corporate interests.

Government has zero to do with rates,that would be our private for profit central bank.

Before anyone tries to claim the Federal Reserve is not for profit,they are guaranteed a 7% dividend by law. It has been paid to the original shareholders(families)and every bank that has joined the system since it was created.

You to can earn a 7% dividend if you create a bank(100k some license requirements and a certified bank manager can get you one started in Indiana).

12 CFR § 208.5 - Dividends and other distributions.

www.law.cornell.edu

Appendix B. Dividends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Route 45]

 

[Route 45]

Hmmm, corporate ownership of private residences is at an all time high, largely responsible for creating the current bubble.

I actually don’t mind the occasional call from these assholes wanting to buy my house. I enjoy telling them to **** off.

 

[1nderbeard]

Everyone needs to pay down debt and live very conservatively over the next year or so. Regardless of who wins next year the country is writing a lot of post dated checks.

 

[phylodog]

Everyone needs to pay down debt and live very conservatively over the next year or so. Regardless of who wins next year the country is writing a lot of post dated checks.

While everyone's government is trying to ensure that everyone is maxing out their credit just to maintain.

 

[1nderbeard]

While everyone's government is trying to ensure that everyone is maxing out their credit just to maintain.

time to stop maintaining and start making due with less. Hard to do, but necessary in the coming difficulty.

 

[cg21]

Wonder if selling a rental that has a mortgage is a good thing or a bad thing….. people will still need somewhere to live…. But could get into a Cvone9 squatting situation….

 

[BE Mike]

time to stop maintaining and start making due with less. Hard to do, but necessary in the coming difficulty.

It's all about living within or below one's means; not keeping up with the Jones. Dave Ramsey's Financial Peace Univ. has helped some folks I know.