Reply to thread

Message

<blockquote data-quote="EndlessGravity" data-source="post: 1481530" data-attributes="member: 18289">I don&#039;t think it&#039;s a good bet the US will be around in 5 or 10 years, so those interest me less. 1 year, I have real bets in the market already.Months of inventory is a good predictor and we felt a shift in April which is being confirmed in the data, as you posted. Personally, my powder would be ready over the summer but this will be impossible to fully time without watching your metro daily and weekly. Don&#039;t put it past the govt to extend past June 31st though or the banks to deny your loan, although we&#039;re seeing loan requirements loosen again. I haven&#039;t checked the survey of lenders to see where that currently stands. Might be worth a look or getting approved a couple months before you&#039;re certain you&#039;re going to buy.Edit: I mention summer but don&#039;t expect a crash. If you&#039;re selling, that may be your peak. If you&#039;re buying, as summer ends might be the better time to plan for, as existing sellers start to get more desperate. I am seeing some of the craziest situations where people are starting to be forced to sell because they bought rural properties they couldn&#039;t afford.</blockquote>

[QUOTE="EndlessGravity, post: 1481530, member: 18289"] I don't think it's a good bet the US will be around in 5 or 10 years, so those interest me less. 1 year, I have real bets in the market already. Months of inventory is a good predictor and we felt a shift in April which is being confirmed in the data, as you posted. Personally, my powder would be ready over the summer but this will be impossible to fully time without watching your metro daily and weekly. Don't put it past the govt to extend past June 31st though or the banks to deny your loan, although we're seeing loan requirements loosen again. I haven't checked the survey of lenders to see where that currently stands. Might be worth a look or getting approved a couple months before you're certain you're going to buy. Edit: I mention summer but don't expect a crash. If you're selling, that may be your peak. If you're buying, as summer ends might be the better time to plan for, as existing sellers start to get more desperate. I am seeing some of the craziest situations where people are starting to be forced to sell because they bought rural properties they couldn't afford. [/QUOTE]

Verification