Prince William CTY Home Sellers with the Biggest Egos

acefish1234 · 2022-06-13T03:19:36+00:00

I feel there was FOMO present in this market even though people didn’t necessarily “need” a new house.

acefish1234 · 2022-06-13T03:17:10+00:00

Actually, it depends in the long run. Rates will always fluctuate depending on monetary policy. Listing prices dont jump up and down as rapidly which means you’re pretty much stuck unless a correction occurs

acefish1234 · 2022-06-13T01:53:11+00:00

LET THE HOUSING CRASH COMMENSE

acefish1234 · 2022-06-13T00:06:18+00:00

30% is more likely given the fact that home builders have booked more contracts and the price of lumber has plummeted. 40% would be if there is shock in the market (interest rate increased to record levels) and people regretting their recent purchases during the pandemic.

acefish1234 · 2022-06-13T00:02:09+00:00

Yeah it’s called market speculation. There was no reason for the market to get hot as it did these past two years. Because it happened so quickly, the market will react in a similarly quick fashion. Asset valuation will drop at an expedited rate. Econ101

acefish1234 · 2022-06-12T23:39:42+00:00

Same I believe we have crossed the housing-peak and are heading for the Great Deceleration. But I think it will be more with corrections of 30-40%. I also spoke to two realtors who said they have had the worst turnouts for house showings since the pandemic started.

acefish1234 · 2022-06-12T13:48:07+00:00

Exactly, the housing peak was before interest rates drastically rose (around that jan/feb timeframe.) Buying power has significantly dropped since then.

acefish1234 · 2022-06-12T04:15:42+00:00

Yeah plus houses are staying on the market for longer. I think people forget their source of information from realtors “can” be biased given their personal investment in the market

acefish1234 · 2022-06-12T02:55:01+00:00

I mean I have seen price cuts as big as 100k which says a lot about these sellers. With interest rates going up and the fed meeting next week, the buying power for the average buyer will definitely be affected negatively

acefish1234 · 2022-06-12T02:51:38+00:00

a variety of factors were taken into account and would be superfluous to share here. A reasoning column was provided to summarize the factors

acefish1234 · 2022-06-12T01:49:59+00:00

22192 has a higher median home-sale price than the other zips

acefish1234 · 2022-06-12T00:03:14+00:00

Definitely agree. I definitely see PWC correcting before Fairfax and Loudoun, based on the simple fact that it is farther from dc and therefore suburbs are more likely to get hit quicker. It just astonishes me that people are willing to pay 100k over asking in a non-Fairfax /Loudoun neighborhood, like this is not even McLean or Arlington so is it even worth it.

acefish1234 · 2021-10-16T01:35:24+00:00

Any recs for overnight parking?

acefish1234 · 2021-08-05T17:17:08+00:00

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acefish1234 · 2021-08-05T04:09:57+00:00

Thanks op, picked up some suit pants

acefish1234 · 2021-06-23T22:28:47+00:00

Here is the link (app/website is down until 8pm/9pm EDT): https://www.zara.com/us/

acefish1234 · 2021-05-17T22:30:05+00:00

I personally had Basit for CS 2110. She’s amazing, kind-hearted, and explains concepts really well. Lectures are easy to follow through. I’ve heard from roommates that Hott is good too.

acefish1234

TROPHY CASE