The current housing market

Tue, Jan 28, 2020 12:48 PM

For those of you who know more about this sort of thing, what are the odds we're in another housing bubble at the moment? My wife and I decided to put our house on the market and move this year, but based on the housing prices we think we might be approaching something similar, if not as severe.

Ad

  • Tue, Jan 28, 2020 6:02 PM
    posted by justincredible

    For those of you who know more about this sort of thing, what are the odds we're in another housing bubble at the moment? My wife and I decided to put our house on the market and move this year, but based on the housing prices we think we might be approaching something similar, if not as severe.

    The market where I am is ridiculous.  Houses selling for a very inflated price.  About 10% higher than normal.  Wife and I are thinking about gobbling up some free equity while its good.

    Wed, Jan 29, 2020 10:56 AM

    If I was smart (and I'm not), I'd sell my house that I've been in for almost 24 years and go to an apartment for awhile.  Then, when real estate prices come back down to earth, I'd buy another place.

     

    Wed, Jan 29, 2020 11:06 AM
    posted by wkfan

    If I was smart (and I'm not), I'd sell my house that I've been in for almost 24 years and go to an apartment for awhile.  Then, when real estate prices come back down to earth, I'd buy another place.

     

    same

    Wed, Jan 29, 2020 12:01 PM

    Our house in Raleigh we bought in 2015 for $287,000 (did get a steal due to price drop day before for double mortgage for them). Sold it in 2018 for $335,000. Sold again in 2019 for $353,000. Estimated now $367,000. It’s insane. 

    Wed, Jan 29, 2020 4:18 PM

    Ours is now valued at $20,000 more than our purchase. I'd really like to move, but I know it's not a buyer's market and I don't want to throw money away in rent. Plus, with a family of 5 total...it's not just that easy to plop anywhere.

    Ad