Quote:
Originally Posted by Biggd
The real estate market has already started to slow down. Sellers are reaching for the stars with super high asking prices. You're not seeing the multiple offers over asking as was earlier this summer.
If interest rates start to rise then the slow down will continue which will eventually lead to lower offers and price negotiating again.
Anyone that bought in the past year will probably see some of their equity eaten away.
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this is true i saw on zillow a house on long island pineridge rd for 589k a simple split level 300k on a good day. omg who would pay that?? or even close to that price????