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SVTPerformance's Chain of Restaurants
Road Side Pub
Mortgage Rates north of 7%
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<blockquote data-quote="trxcobra" data-source="post: 16825255" data-attributes="member: 82174"><p>The trends definitely have me a bit nervous over here - Recently closed in July with a 4.75% rate, before any real downward shift in pricing. Demand is still high in this area, but you may get 2-4 quick offers slightly over asking instead of 10-20 offers at $75-100k over asking last year. Lower quality homes are sitting for a bit. </p><p></p><p>I own a small condo as well but with a wedding coming in 2023 and getting further into my early 30s, it was time to get a nice place with the lady (plus more garage space). </p><p></p><p>If the shit hits the fan and prices drop significantly, it will suck but you can't sit there and sulk about it. Just going to keep leaning into life, becoming indispensable at work and learning new skills. Being under water on a home can definitely hold you back, but it doesn't mean you have to miss out on other opportunities along the way. </p><p>(Wish me luck, lol)</p></blockquote><p></p>
[QUOTE="trxcobra, post: 16825255, member: 82174"] The trends definitely have me a bit nervous over here - Recently closed in July with a 4.75% rate, before any real downward shift in pricing. Demand is still high in this area, but you may get 2-4 quick offers slightly over asking instead of 10-20 offers at $75-100k over asking last year. Lower quality homes are sitting for a bit. I own a small condo as well but with a wedding coming in 2023 and getting further into my early 30s, it was time to get a nice place with the lady (plus more garage space). If the shit hits the fan and prices drop significantly, it will suck but you can't sit there and sulk about it. Just going to keep leaning into life, becoming indispensable at work and learning new skills. Being under water on a home can definitely hold you back, but it doesn't mean you have to miss out on other opportunities along the way. (Wish me luck, lol) [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Mortgage Rates north of 7%
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