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Real estate prices, starting to rise again ?.
- #1
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- 賃貸貧乏
- 2020/02/21 10:50
I've been saving for a down payment for a few years to buy a house in Torrance or thereabouts.
Last year, real estate prices seemed to have leveled off a bit, so I was wondering if they would go down this year, but I've been looking at SOLD prices for the past few months and they seem to be higher than before.
And when they go on sale, they are PENDING a week later.
Maybe it will still go up?
Even if I hoard downpayments, the price goes up and I can't buy it after all~.
More and more I can only buy in remote areas ~ ( Tears ).This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #391
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- 一瞬でお金持ちのポートフォリオに
- 2020/04/30 (Thu) 13:58
- Report
390
Yes.
It's down about 30% from All time high.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #393
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- 待てども
- 2020/04/30 (Thu) 14:04
- Report
There are not many properties for sale because of the pandemic in the first place.
Nobody wants to move under these circumstances.
But if you have kids, a bank pre-probe, and a job, you can always buy.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #395
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- 普通の家探してます。
- 2020/04/30 (Thu) 17:31
- Report
Even if the preapproval terms are tighter, I would still like to get a loan now that interest rates have dropped very low.
Today's newspaper has a 30-year Fix at 2.99%, no closing costs, and I think how nice it would be to buy a house with such a loan.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #396
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- 投資家
- 2020/04/30 (Thu) 17:45
- Report
Investors are waiting for it to go down and buying, so they will not go down. Even a layman can understand that the wisest choice is not to sell, since real estate continues to rise based on past data. The Corona shock has made more people think about moving out of California than ever before, so people may move when the shock is over, which may be the best time to buy.
This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
- #397
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- 仙人
- 2020/04/30 (Thu) 18:57
- Report
The majority of house sales in the U.S. are by people who currently own a house and are buying a new one, and by people who inherited a house from their parents and are selling or buying
, with few people saving up for a down payment and going with a high mortgage on their own. That would be buying a house for less than 700,000 and
$ few people buy a 1 mil house on their own.
So it doesn't depend on the economy too much, and in popular areas, there are lots of people looking.
$ 1mm-2mm homes don't sell for much. These people buy houses and live in them for a long time.
I don't see them going down when the economy goes down, maybe a little after 3 years or so.
Interest rates are down now and if your credit score is over 760 you can rent for less than 3% for 30 years.
It will probably go down more from now on.This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
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