Berkeley CSUA MOTD:Entry 25172
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2024/11/23 [General] UID:1000 Activity:popular
11/23   

2002/6/23-24 [Reference/RealEstate] UID:25172 Activity:moderate
6/22    Have housing prices come down in the past few months? I'm a potential
        condo/house owner.
        \_ no.
        \_ Prices have come down for over-$700K homes, most definitely. But
           for condos, expect prices to be about the same; but you should
           have less competition in the market. A townhome across the street
           from mine was in the mkt for 2+ months before being sold for $20K
           less than asking price. (this is in inner East Bay) Depending on
           where you are, I think things are getting slightly better, although
           my advice to you is probably to buy in the Fall after the dust
           settles and kids are going back to school (think parents, school
           district, etc.) Hope this helps!
           \_ one thing to keep in mind is that there is less supply, usually,
              in the fall, and prices might continue to rise by then as well,
              if this market continues to sizzle.
           \_ Do not gamble.  Find the house you like most with-in your price
              range and buy it now.  If the OP gambles and loses they'll be
              really fucked later.  If they gamble and win, they might save a
              few bucks or get a slightly nicer house but there isn't going to
              be any dramatic upward *or* downward pricing in only a few
              months.  Forget housing prices.  The real cost is in interest
              expenses which are *much* more likely to rise by Fall rather
              than decline any further.  They're already rock bottom low.  You
              may not see rates like this again for the rest of your life.
                --Happy homeowner who no-cost refied from 30yr/7.8 to 15yr/6.3
2024/11/23 [General] UID:1000 Activity:popular
11/23   

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