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yelley
Fortunate
Member since 11/07 3037 total posts
Name:
Danielle
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Housing market
Hi ladies.
In the last few weeks I've noticed a lot of houses that are for sale with "under contract" signs on them. it seems to me like the market might be rebounding...
anyone else notice this?
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Posted 6/2/09 3:18 PM  |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: Housing market
It is rebounding.. My brother is looking for houses and there are some bidding wars going on.
I still think its the time to buy, prices arent going lower they have seemed to steady off, just need to be proactive
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| Posted 6/2/09 3:52 PM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: Housing market
3 houses on my block recently sold, and 2 more are up for sale on my block
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| Posted 6/2/09 3:54 PM |
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yelley
Fortunate
Member since 11/07 3037 total posts
Name:
Danielle
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Re: Housing market
Posted by belladi
It is rebounding.. My brother is looking for houses and there are some bidding wars going on.
I still think its the time to buy, prices arent going lower they have seemed to steady off, just need to be proactive
I agree. I think now is definitely the time while intrest rates are low and the housing is still low... I think the last few months it hit rock bottom and I don't think it's going to go any lower.
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| Posted 6/2/09 3:58 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: Housing market
Definitely, my gf is a realtor and she said she is real busy... Im glad to see the market moving again, its good for the economy
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| Posted 6/2/09 4:04 PM |
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micknjohn
LIF Infant
Member since 7/08 333 total posts
Name:
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Re: Housing market
I defintely think the housing market is going lower as soon as inflation hits. Interest rates will increase...causing the prices of the homes to decrease since people wont be able to afford as much.
This is just the season alot of people want to be in before the fall and interest rates are still low....but i tend to think we will see lower prices.
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| Posted 6/2/09 4:17 PM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: Housing market
this is typically the busiest time of year, people like to make their move while school is out. The interest rates are helping & I think the massive fear of everything has subsided a bit.
I'm still seeing the same over priced piece o'crap houses on the market for a year or more in some towns on MLSLI.
The correct price & condition of the house has alot to do with it at this point. I still think winter 09-10 will be brutal for the RE market. I think next Spring will be our first glimpse of the new reality. JMO.
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| Posted 6/3/09 6:39 AM |
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Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
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Re: Housing market
houses are going into contract pretty quickly now (the lovely summertime boom) reason why we are not finding our house because as soon as we see it, someone else places a higher offer and we don't have much money to negotiate prices.
I am rather annoyed with the fact that the program I have applied to for assistance has been dragging since January to get approved and I am still missing my buyers certificate. I could of been in a house already! Now every house we see get's scooped up. I am praying that it will entice more sellers on the market and when the summer ends high inventory will help us out a bit more.
And the crappy houses that are overpriced and still on market are the ones with three mortgages on them that is why (or what we have been told) they can't drop their prices - GRRRRR
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| Posted 6/3/09 9:13 AM |
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jteach
2 and through
Member since 9/07 3939 total posts
Name:
Jess
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Re: Housing market
well we just had an accepted offer on a house that was on the market for about 8 days and had a tone of offers.
We knew the house was for sale for a VERY reasonable price and we jumped on it. We offered $10 above asking price.
There are so many buyers right now and I think its gonna start getting crazy with bidding wars when people finally start listing their house prices accordingly.
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| Posted 6/3/09 9:17 AM |
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Nik211
my little monkey<3
Member since 5/08 3303 total posts
Name:
Nik
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Re: Housing market
well in the area we are looking it seems like there are def a lot more buyers out there - def more buyers than sellers i think - so when something good comes on the market its usually scooped up within a week or two......the crappy houses just sit  ......and of course there are the overpriced properties  people who dont want to believe that there house isnt worth xyz....its crazy....dont people know what is going on in this country?
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| Posted 6/3/09 9:40 AM |
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Re: Housing market
We are in contract now on our house and the new one we are buying, but when we were looking, about half of what we wanted to look at was already in contract or had an accepted offer. We were rushing to see something we liked because people are DEFINITELY buying and taking advantage of the market.
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| Posted 6/3/09 10:57 AM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: Housing market
Posted by KellyFG
I'm still seeing the same over priced piece o'crap houses on the market for a year or more in some towns on MLSLI.
The correct price & condition of the house has alot to do with it at this point.
ITA with this. i understand that people don't want to lose $$ when selling their house, but there are so many sellers out there with unrealistic expectations.
fortunately there are still some great homes out there for the right price - it just takes a while to find them 
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| Posted 6/3/09 11:05 AM |
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msabla1
LIF Zygote
Member since 6/09 23 total posts
Name:
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Re: Housing market
I am selling a 1 BR Mineola
Co-Op.
It seems that we are getting a lot of showings and inquiries now.
Should I market it on this site?
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| Posted 6/4/09 10:05 AM |
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micknjohn
LIF Infant
Member since 7/08 333 total posts
Name:
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Re: Housing market
Posted by msabla1
I am selling a 1 BR Mineola
Co-Op.
It seems that we are getting a lot of showings and inquiries now.
Should I market it on this site?
Can't hurt to try...alot of people post their homes on here
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| Posted 6/4/09 10:15 AM |
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gerdee
LIF Zygote
Member since 2/08 22 total posts
Name:
G
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Re: Housing market
Don't buy yet...the worst is yet to come on long island....mark my words!
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| Posted 6/4/09 1:14 PM |
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mandasue
LIF Adolescent
Member since 3/09 772 total posts
Name:
Amanda
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Re: Housing market
i think things are turning, slowly but moving for the better.....
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| Posted 6/4/09 1:15 PM |
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Nik211
my little monkey<3
Member since 5/08 3303 total posts
Name:
Nik
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Re: Housing market
Posted by gerdee
Don't buy yet...the worst is yet to come on long island....mark my words!
you know i have heard that too - that it hasn't hit NY yet....i can't imagine if the NY real estate market was like the california, arizona or florida market - i am pretty sure those are probably a few of the worst hit states with the real estate crisis - i've heard that its going to happen here too but that is just peoples opinions....you dont really know what will happen....DH keeps telling his parents to sell soon just in case....right now his parents are about even with what they bought for - still may be able to get a small profit - he is afraid if they dont sell soon and things get worse they'll be screwed...i dont know, i cant imagine it happening - cant imagine NYC being like a ghost town - but they say it can happen...
Message edited 6/4/2009 1:21:14 PM.
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| Posted 6/4/09 1:19 PM |
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micknjohn
LIF Infant
Member since 7/08 333 total posts
Name:
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Re: Housing market
Posted by Nik211
Posted by gerdee
Don't buy yet...the worst is yet to come on long island....mark my words!
you know i have heard that too - that it hasn't hit NY yet....i can't imagine if the NY real estate market was like the california, arizona or florida market - i am pretty sure those are probably a few of the worst hit states with the real estate crisis - i've heard that its going to happen here too but that is just peoples opinions....you dont really know what will happen....DH keeps telling his parents to sell soon just in case....right now his parents are about even with what they bought for - still may be able to get a small profit - he is afraid if they dont sell soon and things get worse they'll be screwed...i dont know, i cant imagine it happening - cant imagine NYC being like a ghost town - but they say it can happen...
I heard the same thing...that the worst is yet to come
Message edited 6/4/2009 2:23:37 PM.
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| Posted 6/4/09 2:22 PM |
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SweetPeaMomma
LIF Adolescent
Member since 7/07 806 total posts
Name:
jen
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Re: Housing market
w the low interest rates going up slightly over the past month, and the tax credit coming to an end in december, it seems to be driving the market back up. it's got us looking more seriously now too!
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| Posted 6/4/09 8:57 PM |
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lovemy2boys
LIF Adult
Member since 10/07 3915 total posts
Name:
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Re: Housing market
Posted by micknjohn
Posted by Nik211
Posted by gerdee
Don't buy yet...the worst is yet to come on long island....mark my words!
you know i have heard that too - that it hasn't hit NY yet....i can't imagine if the NY real estate market was like the california, arizona or florida market - i am pretty sure those are probably a few of the worst hit states with the real estate crisis - i've heard that its going to happen here too but that is just peoples opinions....you dont really know what will happen....DH keeps telling his parents to sell soon just in case....right now his parents are about even with what they bought for - still may be able to get a small profit - he is afraid if they dont sell soon and things get worse they'll be screwed...i dont know, i cant imagine it happening - cant imagine NYC being like a ghost town - but they say it can happen...
I heard the same thing...that the worst is yet to come
This is how I feel, so we won't be buying this year, we NEED a house bc we our outgrowing our coop but we have to be patient 
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| Posted 6/5/09 11:38 AM |
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