- Mar 25, 2005
- Reaction score
- SE valley
I think this is the new normal. We're the 5th largest metropolitan city in the nation. We're catching up to CA prices from 2006. We're not even expensive yet, technically.I think he was saying that it has been undervalued for so long now it is where it should have been.
Obv incomes will need to rise for employers to find employees not that housing and rental incomes are where they are.Compared to income?
Is this for the Valley or some larger region? Asking because I thought there was only about 1.4-1.5m homes in the metro Phoenix area. So both of those numbers are a bit higher than I'd expect as a percentage of that.In the summer of 2015 there was 1.2M homes for sale. Today there are only 250K.
Thanks, I was going to be shocked if Phoenix alone had those numbers. Now I'm surprised that both numbers are so low for the US. The 2015 numbers are only about .9% of the US. Before seeing that I would have guess that we turn over like 4-5% of the market each year. The today number then is shockingly low being ~ 1/5 the 2015 number.The US. I believe it is snapshot data.
Not sure as last I check there were just over 900K homes for sale in the US so that has to be for a larger area than just Arizona. I'll check to see if I can find something more definitive.Is this for the Valley or some larger region? Asking because I thought there was only about 1.4-1.5m homes in the metro Phoenix area. So both of those numbers are a bit higher than I'd expect as a percentage of that.
My house is now listed from opendoor about $80,000 more than they bought it from me for. The highest offer I had to buy it, besides opendoor, was about 95,000 less than they listed it at.
I wonder if their plan is to let it sit while the value rises or what.
That will be wild if they get that much for it. It should appraise for about 75k less than they listed it at right now.
I'm glad it worked out for you. But I have had a few bad dealings with OD. And I am not bashing them. I have a son and 2 friends who work there. But they have not been ethical in my dealings with them.They already bought the house from me so my part of the bargain is over
The fed has officially cornered the overall asset market. When you massively inflate/dollarize the world and you have control over that money supply...betting against that is a bad idea. That's why I'm so bullish on treasuries. Until the dollar collapses, which won't be for some extended time IMO, then yields will always stay suppressed.This is probably the largest tax ever levied on the middle class, specifically first time homebuyers. Factor in student loan debt from tuition inflation that many in that age group carry. Incredible.