That is cool that your condo sold so quickly! Congrats! It's definitely a different market from four years ago. We have houses around us that are sitting empty and in 2021 they would have been snatched up before they even had a sign in front of them. It's pretty crazy. All of these tech advancements are coming so quickly! I hope we have a way to strap in so we can handle them!
Thanks, we were amazed when we got the offer! We're seeing the same kind of market around the Twin Cities. 2024 was the slowest real estate market since 1995, according to one report I found. With the astronomical mortgage interest rates it's no wonder.
The innovations are pretty exciting. Tesla is becoming better at keeping certain updates under wraps and surprising the public at the right times (like before earnings calls). I'm really excited for Optimus but probably wouldn't buy the first gen one.
That is definitely true, the interest rates don't help things at all! 6% for my recent car loan was just about enough to make me want to walk everywhere!
Our son is trying to find a house and he's decided to rent a while longer instead of paying this exorbitant rates. I think we're long overdue for a market correction.
My wife and I have been kind of looking, but unless we can avoid financing, I think we are also going to need to wait longer and just continue to build equity in our current house.
I think waiting is a smart move. With inventory being so stagnant I think we're going to see a huge decrease in prices.