Prepare for a Housing Spring Surge in the Bay Area
Mortgage rates have ticked down, stocks are doing decent, and the homebuying season is here. Prepare for a bigger frenzy in open houses. San jose days on market has already crashed in Feb. Other things to consider: Layoffs - layoff numbers are global, so numbers are a bit inflated. Probably will be balanced out by RTO and by those who already found new jobs. Low inventory - homeowners are holding onto their 2% interest rates for their dear lives, and buyers will be fighting over scraps. Banking crisis - doesn't affect mortgages. Edit: I should have said "stocks have somewhat recovered" #housing #Southbay #bayarea
“Stock market is doing decent”
MSFT is holding up.
“Stocks are doing decent” Bro half of Amazon stock has fallen 💀
Lol, today more houses were listed than went pending.
Banking crisis does affect the housing market lol. Lenders will start by tightening standards (will require higher FICO, higher down payments, lower DTI threshold, etc).
Bay Area can manage that … bids might lower from 10 to 5 for good homes n location
They've already been doing that, plus if you look in here nearly every post talks about putting 20% down....
“Stocks are doing decent “ if only nvidia was the only stock in the world
As much as I wish this would happen I'm not holding my breath. Jobs drive housing, especially in the Bay Area. I'd be extremely surprised if it bounces back.
Dont forget people with layoff severance cash
Looks like op is selling a house and wants to drive the market up
Nah. Was looking for a house last month. I just got pissy when blind starting commenting I was a realtor or something, just because I said bidding wars are back. Just want a post to point to and say "I told you so"
Wow. One Post can drive the market up?? If your dumb logic is true then that also means there is a huge demand for houses??
And the mortgage rate will be back anytime soon just like what happened between Jan to Fed.
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