2025 has worse numbers than 2009 and ranks just ahead of 2008 for the weakest 5-month start to the year.

>>508615807 (OP)
>average home buyer age is 57
Half of all home buyers have their income subsidized by tax payers who cannot buy a house because they qualify for seniors benefits...

>>508615807 (OP)
thats what happens when you have the lowest interest rate in histroy for 2 years. no one wants to sell.

>>508616144
Um, the interest rates were even lower and they were lower for over 10 years.
Read a book you stupid nigger

>>508616420
>The lowest mortgage rates in history were experienced in early 2021, specifically with the average 30-year fixed-rate mortgage dropping to 2.65%. This occurred due to the Federal Reserve's actions during the pandemic to lower interest rates and purchase mortgage-backed securities.
enjoy your jeets

>>508616144
The myth of low-rate homeowners never selling is false when the inventory is screaming to record highs everywhere. Lots of reasons to sell a house that isn't just about getting a lower rate.

>>508616554
>avg SFR 440k-450k
2.65% interest over 30 years is $160,438.39
7% interest (current) over 30 years is $496,651.68
>akshully its a myth guys
you guys are just financially retarded

>>508615807 (OP)
I’m an appraiser

we’re still dealing with covid capital but rent gets cheaper before houses do because it’s reactionary (vacancy is money lost) whereas typical home sellers want to maximize profit in the sale

Denver has completely collapsed. Our MLS has never looked this bad. Never seen this many price decreases in a week in my life.

People thought prices would go up, but not that Mortgage rates would hit 8% - so some sellers are locked in where it would be retarded to sell a 2.3% mortgage, which hurts supply

lastly “new” home builders are mogging the market because they can do custom financing and rate buydowns and eat the loss because unsold homes to them kill revenue flow

TLDR; high prices met high rates making buying a home even more unaffordable

>>508616546
Try not being a retarded AI cooked brain rot faggot zoomer once in your lifetime.
You won't.

>>508616869
And yet they're selling. Huh, must be other financial factors that a rentoid loser like you wouldn't know anything about

>>508615807 (OP)
If i voted, i would have voted for this.

>>508616958
They can't go up forever.

>>508617138
for sure but we’ve been in a declining rate environment since Reagan until now

Guess it can’t go down forever either.

Wonder if we’ll ever do negative rates, that would be funny.

>>508616869
You are the retarded one...

>>508615807 (OP)
good

>>508617293
Supposedly, the demand for houses was briefly 0 in 2008. Lots of judaism practicing people took advantage.

>>508616958
i'm selling a house in unincorporated boulder county. how fucked am i?

>>508617801
definitely, I started appraising for banks during the crash - you could get a two-story in Northeastern PA (with all the pipes and wires stolen) for like $20k

I’ve saved three dogs that people left tied up in their homes. First one I called the state troopers and they told me to call animal control, who then said they have to wait 24 hours. Kicked in the door and brought a little starving beagle to my Mom.

It was a wild time.

>>508618108
You should be fine as long as it’s not a condo. If you want a recommendation I fucking hate realtors but you can’t go wrong with Kentwood out there.

Avoid contingencies other than appraisal and inspection (don’t let anyone string you on letting their house sell before they buy yours) and don’t to a post-occupancy agreement (where you rent the house from the buyer after you sell it to get extra time).

>>508615807 (OP)
lol rentfags are going to cope. Housing prices are not going down, this is just temporary. Cryharder tennis

>>508615807 (OP)
JUST FUCKING CRASH AGAIN ALREADY. FUCKING DO IT. I WANT TO BUY A HOME. FUCKING CRASH. DO IT YOU FAGGOT. I FUCKING HATE THE HOUSING MARKET. CRASH GOD DAMN IT. CRASH.

>>508618759
* cry harder rentoids

>>508618108
>unincorporated boulder county.
Sell it to me anon. I'll be at the Phish show on July, we can hash out the details then

>>508616144
>lowest interest rate in histroy for 2 years
a house purchased at $700k at a 3% interest rate in 2021, if they had to sell today, is worth $350k at 7% interest. especially considering houses like these were often previously sold in for $250k somewhere between 2010-2018.
if you bought in 2021-23, then plan on staying for a decade or more. if you have to sell, then you're going to take a bath.