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Realtors "running out of money" as housing market struggles
(www.newsweek.com)
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this post was submitted on 03 Jul 2024
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Housing Bubble 2: Return of the Ugly
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Yeah... it's all super fucked. I just sold my condo (short sale during the last collapse) and am staying with family in the meantime but I am struggling to find a house that won't cost 2/3 of my above-average income. I have a 180k down payment to offer. Prices are that insane by me.
I feel guilty saying it because innocent people will suffer....but I am praying for another collapse. Or at least for homes to go back to normal prices.
I think prices are starting to come back down in my area. I'm seeing homes on Zillow that were bought a year ago put up for rent. Prices are reduced every other month and it still won't rent, so they're selling it.
I'm anxiously waiting. Prices have barely dropped here but the inventory basically disappeared. I have a huge search radius and get 1-2 listings a day max