My hood 95762 is still selling ok. The nicest ones go in a weekend. It’s a popular Bay Area exodus spot. 3 years ago houses languished here.
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My hood 95762 is still selling ok. The nicest ones go in a weekend. It’s a popular Bay Area exodus spot. 3 years ago houses languished here.
WTF is up with the pop-up outlets? So I can't use a wall wart anywhere in my house or have to put in a power strip first? Thanks idiot who made that decision.Quote:
Originally Posted by dunfree
10y rate near a six week low
I guess they think regular outlets are unsightly? Reminds of the trend a few years ago where many high-end kitchens had fridges that were all but indistinguishable from the other cabinets. I guess because it's so gauche to see a refrigerator in your kitchen?Quote:
Originally Posted by LegoSkier
maybe buddy knows something we don't ?Quote:
Originally Posted by Bunion 2020
Same here - We went to one a few weeks ago, because it was walking distance from our house. Normally this house would have had offers w/o the need for an open house. Asking price was $1.695million. The next week, we see it posted again with an open house. Seeing lots of multiple open houses on homes in that $1mil-$2mil range that apparently aren't getting the multi above asking offers like last year.Quote:
Originally Posted by alias_rice
I keep seeing that word "stagflation" thrown around a lot lately.
Hey, a place on Paine ave for less than 10MM is a steal!Quote:
Originally Posted by Mazderati
Just saw this one on the market. my neighbor's "team" is the listing agent on it apparently.
https://www.realtor.com/realestatean...5_M92607-14886
I think more open houses probably means fewer offers AND realtors needing to drum up business.Quote:
Originally Posted by Toadman
an RE agent told me they had never sold a house at any open house they had ever staged
but they meet a lot of new tire kicking customers to whom they did sell the house
wander into an open and the first thing they will ask " do you have an agent you are working with ? "
We bought ours after seeing it as an open house. Fell in love with the view. Of course it was 2010 and had been on the market 2 years with several price reductions. Then we came in with an offer 50k below asking and they took it.Quote:
Originally Posted by XXX-er
I think well see a ton of overpriced houses hit the market in the next couple months as everybody hopes to find one last sucker to pay a stupid price.
My house sold to someone who came to our open house.
I’ve heard that a few times.
I went to an open house that I liked the house, but not the lot. I later met the builder and he had five others, one that I did buy.
well that^^ was a sample size of 1 agent
I bought this place in 2010, a 30K discount no takers on a FSBO that had been on the market 5 months
I wana thank y'all down thar for shitting the bed and causing the credit swap crisis which depressed everything enough so i could get back in the market
now its worth double but where would I live and besides it produces revenue and come with a gardener
It’s also an “I’m doing something” signal to the client if the place ain’t moving. Source n>1 sellers who feel better
And its less confrontational than saying " this dump ain't movin cuz your price is too high " and if you have a nicely appointed liviving room what a great place to return calls and do RE agent administrivia whilst wearing a nice suit !
or just play wordle
The "do you have an agent?" question also changes how they agent can talk to you. If you have an agent already their fiduciary duties change slightly (at least in Oregon where you can represent both the buyer and seller in a deal).
SOP at my wife's firm was a junior agent does the open to 1. help them meet potential clients, and 2. possibly keep both sides of the deal in house. That latter point was big, because dual-agency was verboten at that brokerage. The group text went out every Thursday.
My wife never sold the house she was doing the open at - and she did a lot of them - but she did pick up clients.
I looked at a tear down for 795. It's way overpriced. No realtor, so she's winging it. It's her mother's house. The fucked up part is I'd be in for 5 if she took it.
Does she know it's a teardown?
We have had a house sell that someone came to our open house and we have purchased a house that we saw during a open house event.
I found this interesting
https://www.youtube.com/watch?v=B2Kd0RFXlVI&t=1s
and then this guy put a different spin on it
https://www.youtube.com/watch?v=-cWBMi5rS0I
No, I don't think she does. It's liveable for an old lady maybe or a dirtbag ski bum. The roof leaked or leaks. Mold or mildew in ceiling sheetrock and just kinda falling apart everywhere. It's an old cottage with a small janky addition put on 30 yrs ago. The thing is it's 500yds from the sand on a super quiet street.Quote:
Originally Posted by ötzi
[QUOTE=jackstraw;6618968The thing is it's 500yds from the sand on a super quiet street.[/QUOTE]
You said sand
Sent from the Utility Muffin Research Kitchen
The boating forum I also frequent is starting to perk up with talk of boats sitting on lots and dealers being willing to give substantial discounts of MSRP to buy. RV dealer near me has a lot at max capacity.
I'm thinking the peak has happened. With interest rates up the easy HELOC and refi money is gone. I would not want to buy a house now and get stuck with a 5.5 mortgage and peak prices.
Latest RE #'s;
Unless you absolutely have to move, probably a good time to chill and watch things unfold.Quote:
Leading indicators of homebuying activity:
Fewer people searched for “homes for sale” on Google—searches during the week ending May 14 were down 11% from a year earlier.
The seasonally-adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—was down 8% year over year during the week ending May 15. This was the largest decline since April 2020 when the pandemic paused most homebuying activity.
Touring activity from the first week of January through May 15 was 25 percentage points behind the same period in 2021, according to home tour technology company ShowingTime.
Mortgage purchase applications were down 15% from a year earlier, while the seasonally-adjusted index decreased 12% week over week during the week ending May 13.
For the week ending May 19, 30-year mortgage rates decreased slightly to 5.25%.
The median home sale price was up 16% year over year to a record $398,500.
The median asking price of newly listed homes increased 18% year over year to $416,425, a new all-time high.