I wouldn’t move right now. Wait at least until after the election.

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Apr 13, 2024
10:10:20am

Iman23 Truly Addicted User

I wouldn’t move right now. Wait at least until after the election.

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Iman23

Bio page: Iman23
Joined: Jan 18, 2008
Last login: Jun 2, 2024
Total posts: 42,860 (2,762 FO)

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Messages

Author

Time

Here’s the million dollar real estate question…

stenso

Apr 13, 10:04am

Unless we go into a massive recession I am guessing if rates go down

cougarfann888

Apr 13, 10:05am

Conventional wisdom said if rates were raised

Apr 13, 10:18am

Rates increase because we have inflation which means prices are going up. Only

johnnybyu

Apr 13, 10:20am

Ok. That’s not what was being said two years ago but it’s a story that makes

Apr 13, 10:23am

I have said it the whole time. Many are looking at it in a vacumn. If rates

johnnybyu

Apr 13, 10:25am

Sorry. I didn’t mean to accuse you personally.

Apr 13, 1:31pm

True that has been the thought and paraded a lot but economist know

johnnybyu

Apr 13, 1:55pm

I've heard prices won't be going down....so it will be cheaper today...

WJCougar

Apr 13, 10:06am

I’d save the money. Put the extra money toward retirement.

JoeExotic

Apr 13, 10:09am

I wouldn’t move right now. Wait at least until after the election.

Iman23

Apr 13, 10:10am

Interest rates will eventually go down

Apr 13, 10:15am

Trying to time the real estate market with your own home purchase is unwise

NOCAL_YFAN

Apr 13, 10:21am

If you have the money to buy, then it is a good time. We bought a home in 2019

Cougnutz2

Apr 13, 10:29am

I do not think that rates will get back to 3.5% so if they go to 5%...

cornellcoug

Apr 13, 10:36am

Things always change.

Abe Froman

Apr 13, 10:44am

If you buy and rates go down then just refinance. If they don’t then you made a

Bruton Guster

Apr 13, 11:10am

I think you already know the answer to your question. Giving up a low rate for a

OnEMoReTrY

Apr 13, 12:30pm

I’ve spent the morning house hunting. Now is a terrible time to buy.

SuperTank

Apr 13, 2:29pm

Maybe it depends on where you are looking?

Apr 13, 3:07pm

Sounds like OP can afford it though. Just asking about timing.

VenturaCoug

Apr 14, 9:11am

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