W2R
Moderator Emeritus
All real estate is local, I suppose. The bull market in real estate in our suburb is doing nicely (graph of median selling prices below from Zillow). Zillow categorizes our suburb as "Very Hot".And in our small neighborhood within the suburb? It's simply insane, and selling prices are over the top.
I have no idea of what sort of creative financing local buyers may or may not be employing these days.
However, my subjective observations are that houses in our neighborhood don't seem to be moving as quickly as they did a year or two ago. So maybe that is a sign of cooling off.
I am sure glad that I bought when I did, in June of 2015. Zillow now values my house at 143% of what I paid for it. But I am skeptical. I guess it doesn't matter since I have no intention of selling.
I have no idea of what sort of creative financing local buyers may or may not be employing these days.
However, my subjective observations are that houses in our neighborhood don't seem to be moving as quickly as they did a year or two ago. So maybe that is a sign of cooling off.
I am sure glad that I bought when I did, in June of 2015. Zillow now values my house at 143% of what I paid for it. But I am skeptical. I guess it doesn't matter since I have no intention of selling.
