Quote:
Originally Posted by wdb
Biding your time for the NY burbs, or for NYC? Because according to you it's already time to bite in NYC.
I live 2-1/2 hours from NYC. Anything remotely decent around here is selling as soon as it's listed, at full asking price. They're not all NYC folk, some are probably Philly people too.
My son is in San Antonio. Much more cheap real estate there than NYC and environs. The same scenario holds there too. He sold his house the first day, at a markup.
I honestly haven't figured it out yet. The mass exodus from NYC, that I get. But not the rest of it. I wonder how much of it has to do with people being stuck at home with time on their hands.
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I’m in NorCal/Silicon Valley. I have seen a lot more listings come online and a lot are sales pending but could end up falling through. Prices have dropped about 10-15%. I foresee it dropping much more if things don’t get better.