Home prices are always negotiable and the prices have come down, the question is how many people in the public will qualify for a mortgage. The number of houses on the market is lower than the demand for houses. The reality is that there is no interest in their being a home to purchase by every person who may dream of home ownership. The people who qualify for a mortgage can buy, the people who can't qualify for a mortgage must rent, and the gap between those who can own and those who must rent is what would widen.
Hey guys just be patient, if people can’t afford to buy, the sell volumes will drop badly, just wait for inventory to increase, price will drop. Maybe 2-3 years if you can wait
If builder were building like crazy I could see that. Builders can manipulate inventory to maximize profits because the market is at the needs of the builders. They are not going to over build.
With millions of boomers retiring over the next several years and looking to move this way I don’t see a “crash” It’s crazy to me the house I bought just seven years ago has tripled in value. It’s unaffordable for the majority of people in the state. And now the building seems so focused on lease communities and less single family homes it would seem home prices will continue to rise.
These home /apartment (rent) prices are unsustainable…most people who have purchased after the start of Covid better start saving up,so if they do sell they will have the cash to bring to closing..PEOPLE ALWAYS BUY ON THE PAYMENT ! NOT THE PRICE… 🎉
The only way the prices will begin to fall is if the supply of homes available becomes greater than the demand. Many people who bought 2020-2022 will likely never sell their homes, because their interest rate is historically low.
@@livinginsouthcarolina no demand for 750k houses @8 percent interest rates … The housing market @ this point makes absolutely no sense … Price discovery will not happen over night but with liquidity drying up in the financial markets it’s gonna happen! The days of living off the equity on one’s house is over thus bringing consumer spending down!
@@20dollarcheeseburger that remains to be seen. For now, the demand still exists in South Carolina as homes continue to sell despite the prices and the interest rates.
@@livinginsouthcarolina Let’s be honest… The sample size of sales compared with previous metrics is ridiculous…This is not a healthy real estate market period.
