As if the official government data on soaring home prices wasn’t crazy enough, the latest monthly data from RedFin shows that in April, homes sold at their fastest pace on record with nearly half off-market within one week.
“There has been an ongoing debate at Redfin about whether fear of coronavirus infection was keeping homeowners from selling. With a third of American adults now fully vaccinated and still hardly any homes being listed for sale, we’re close to settling that debate,” said Redfin Chief Economist Daryl Fairweather.
(A quick note on the base effect in the housing market: at this time last year, pandemic stay-at-home orders halted homebuying and selling, which makes year-over-year comparisons unreliable for select housing metrics. As such, this report has been broken into two sections: metrics that are OK to compare to the same period in 2020, and metrics for which it makes more sense to compare to the same period in 2019.)
Low inventories of you want the most bang for your buck now is the time
You are a special kinda idiot. now is NOT the time to be buying an overpriced home.
Learned nothing from 2009?
Most bang for your buck is low priced home, higher interest rate and pay off the house early, saving yourself 10’s of thousands. You can not control the value of your home, but you can control the overall cost by strategically paying less interest.
Fact – The real estate and related industries are laughing at your stupidity – and making a killing off it.
For selling you idiot
Hope Wife Does ,I Need New Wheels !!
Since crooked Biden in office EVERYTHING will SOAR in Prices !!!!! Trump had ALL fixed Now you Pay !!!