How's your housing market? (3 Viewers)

[Runkle]

$1.55 million for a 2,743 sqaure-foot, 6-bed, 4-bath, 1 "inactive" and "contaminated" meth lab in San Jose CA. Believed to be methamphetamine in the HVAC system, walls, and lawn.


Originally listed at 1.425M but relisted up +$125K in the last week

 

[dkp993]

$1.55 million for a 2,743 sqaure-foot, 6-bed, 4-bath, 1 "inactive" and "contaminated" meth lab in San Jose CA. Believed to be methamphetamine in the HVAC system, walls, and lawn.


Originally listed at 1.425M but relisted up +$125K in the last week

Screaming deal. How many house can you buy the come ready with a business built in?

 

[Instinctive]

Bumping this as we look for a home. It's been interesting so far.

Some houses are sitting. Some people have really been told a bad story by an agent for current market. We had one that was listed at 1.35 that we said was way too high and their agent came back with all these comps to better houses LOL. Ours was like sure but your house is more like this and this and this...radio silence. A month later, they dropped it to 1.25. We found a house across the street, same schools, that we really liked a lot at 1.1 and which was back on market after 45 days on, offer fell through, another 15 days on, and readied an offer of 975...and the same day they got and accepted an offer for 1.0 flat.

So we said to ourselves - this house is not quite as good, but with a little bit of money it could be, let's offer the same thing, they've been sitting nearly 100 days, and they only paid 900 for it 4 years ago.

Sooooooooo we made an offer way below ask. We kind figured they'd counter around 1.1, and anything below 1.1 we'd be happy with it. They said they were offended by the offer lol.

It's been a month and their house is still sitting there.

Market as a whole feels like it's on a knife's edge, about to fall and we can be ready to pounce. But it's been a really interesting journey so far.

 

[Chadstroma]

Bumping this as we look for a home. It's been interesting so far.

Some houses are sitting. Some people have really been told a bad story by an agent for current market. We had one that was listed at 1.35 that we said was way too high and their agent came back with all these comps to better houses LOL. Ours was like sure but your house is more like this and this and this...radio silence. A month later, they dropped it to 1.25. We found a house across the street, same schools, that we really liked a lot at 1.1 and which was back on market after 45 days on, offer fell through, another 15 days on, and readied an offer of 975...and the same day they got and accepted an offer for 1.0 flat.

So we said to ourselves - this house is not quite as good, but with a little bit of money it could be, let's offer the same thing, they've been sitting nearly 100 days, and they only paid 900 for it 4 years ago.

Sooooooooo we made an offer way below ask. We kind figured they'd counter around 1.1, and anything below 1.1 we'd be happy with it. They said they were offended by the offer lol.

It's been a month and their house is still sitting there.

Market as a whole feels like it's on a knife's edge, about to fall and we can be ready to pounce. But it's been a really interesting journey so far.

There are a whole lot of very bad realtors out there. Absolutely clueless and do not know the basics of what they should know like doing a good CMA (Comparative Market Analysis).

There are also a lot of home owners who have no idea how valuations of property works. I don't know how many conversations I have had over the years that went something like "We bought it for $200K last year and put $50K of upgrades into it so at a minimum it should be worth $250K" most people will listen as I gently explain that that is now how it works and adjust their expectations accordingly. Occasionally, they do not, and I just say that I am only a loan guy and we will see what the appraiser says and place emphasis on the fact that we (lender side) have NO influence on that at all and unless we can point out factual errors (e.g. wrong square footage) or provide better comps, then we are stuck with what they say. When I get push back in trying to explain, I usually give up because for these people it is not only that they don't understand or have wrong notions but also that they are emotionally invested in the valuation of their property to the point there is nothing I can say to change it.

This sounds like a mix of both to me. Realtor does not know how to do a CMA and probably sold the listing as they would get the higher sell price and now the sellers are emotionally tied into the inflated pricing.

 

[odin33]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

 

[Instinctive]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

 

[odin33]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Thanks for the tip on podcast.

Yeah, giving up a sub 4 rate for 7-8 isn't happening here either. That and seemingly everything in this district is at minimum 2x so I'd likely be getting an equal if not smaller house for the same mortgage payment. Pay down the HELOC and principle a bit more and the numbers start changing in our favor.

Guess the good news is I do still like our house and don't need to move. The road noise drives me bonkers but otherwise I really do like it.

 

[Instinctive]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Thanks for the tip on podcast.

Yeah, giving up a sub 4 rate for 7-8 isn't happening here either. That and seemingly everything in this district is at minimum 2x so I'd likely be getting an equal if not smaller house for the same mortgage payment. Pay down the HELOC and principle a bit more and the numbers start changing in our favor.

Guess the good news is I do still like our house and don't need to move. The road noise drives me bonkers but otherwise I really do like it.

My plan is to keep our and rent it. Nice neighborhood but also right by the university, so hopefully some southern millionaires will have some daddy's money willing to guarantee and rent it.

 

[BassNBrew]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

This is why I don't think we'll have a 5-7 year trough. Too much pent up demand. I too would be buying a home asap if rates were in the 4s. Demand will skyrocket as soon as rates drop. I think we'll see further deterioration in the near future and the time to buy will be when the rates hit the 5s before the flood of buyer's come back.

 

[Buckna]

About the same around here, mostly gridlock. Few buyers because of high rates, few sellers because of high rates. Good houses priced right still sell quickly, ugly houses or overpriced houses sit on the market because the few buyers out there can be picky. We are at a point where desperate sellers will finally do price drops, but those that aren't desperate keep them steady or pull them off the market for another day or rent them out. If rates ever come down or there is a significant deterioration in the economy maybe we see some movement one way or another.

 

[Sand]

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Where are you? With your avatar I keep thinking something like Oklahoma City, but these prices seem like not Oklahoma. I also don't believe houses up in the clouds carry these prices, either.

 

[Instinctive]

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Where are you? With your avatar I keep thinking something like Oklahoma City, but these prices seem like not Oklahoma. I also don't believe houses up in the clouds carry these prices, either.

Dallas lol

 

[Instinctive]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

This is why I don't think we'll have a 5-7 year trough. Too much pent up demand. I too would be buying a home asap if rates were in the 4s. Demand will skyrocket as soon as rates drop. I think we'll see further deterioration in the near future and the time to buy will be when the rates hit the 5s before the flood of buyer's come back.

I like that idea - when they start to drop, try to pounce, maybe even at the top of your limit, and then refi if they drop down a lot.

 

[BassNBrew]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

This is why I don't think we'll have a 5-7 year trough. Too much pent up demand. I too would be buying a home asap if rates were in the 4s. Demand will skyrocket as soon as rates drop. I think we'll see further deterioration in the near future and the time to buy will be when the rates hit the 5s before the flood of buyer's come back.

I like that idea - when they start to drop, try to pounce, maybe even at the top of your limit, and then refi if they drop down a lot.

The home's I really like right now would be a $5,000 to $7,000 a month payment. My current payment is $1250 and actually convert the bottom level to a studio that brings in $1075 so $175 a month. That's a pretty large swallow.

 

[urbanhack]

Portland, OR - The #1 worst place to try and buy a house right now.

Lack of inventory
Lack of affordable options

Although it feels pretty good to be homeowner in this market right now.

 

[Instinctive]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

This is why I don't think we'll have a 5-7 year trough. Too much pent up demand. I too would be buying a home asap if rates were in the 4s. Demand will skyrocket as soon as rates drop. I think we'll see further deterioration in the near future and the time to buy will be when the rates hit the 5s before the flood of buyer's come back.

I like that idea - when they start to drop, try to pounce, maybe even at the top of your limit, and then refi if they drop down a lot.

The home's I really like right now would be a $5,000 to $7,000 a month payment. My current payment is $1250 and actually convert the bottom level to a studio that brings in $1075 so $175 a month. That's a pretty large swallow.

Yeah very similar. We are at 3500 and what would be an upgrade would cost like 7-12k/month right now depending on neighborhood.

If/when we buy, we plan not to sell our own.

 

[Chadstroma]

Seeing data of a lot of inventory coming on line. Rather than trying to find the data I previously saw thought I would ask AI to do a summary:

Real Estate Inventory Trends – August 2025 Snapshot

Yes, inventory is on the rise across many U.S. markets, signaling a shift toward more balanced conditions. Here's what the latest data reveals:

National Inventory Growth​

• Existing Homes: Inventory supply reached 4.7 months in June 2025, up significantly from previous years. While still shy of the 5–6 months considered a balanced market, it's a major improvement over the pandemic-era lows.
• Year-over-Year Increase: Existing home inventory rose 15.9% compared to June 2024.
• New Construction: Builders are actively listing more homes and offering incentives like rate buy-downs and price cuts to move inventory.

Regional Highlights​

• Kentucky: July 2025 saw 6,802 new listings, with inventory staying on the market longer—14 days on average, up both month-over-month and year-over-year. This gives buyers more options and negotiating power.
• Hamptons, NY: Inventory remains tight compared to pre-COVID levels, but well-priced properties are moving quickly. Luxury listings ($10M+) are seeing strong activity, and August contracts are up 52% compared to 2023.

Market Implications​

• Sellers are making more concessions, including price reductions and incentives.
• Buyers benefit from more choices and less competition, especially in markets where inventory is climbing steadily.
• Mortgage rates remain elevated (~6.7%), but stable, which is helping keep pricing in check4.

If you're thinking about buying or selling, this could be a strategic moment to act. Want to dive into trends for your specific area or price range?

 

[The Z Machine]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Thanks for the tip on podcast.

Yeah, giving up a sub 4 rate for 7-8 isn't happening here either. That and seemingly everything in this district is at minimum 2x so I'd likely be getting an equal if not smaller house for the same mortgage payment. Pay down the HELOC and principle a bit more and the numbers start changing in our favor.

Guess the good news is I do still like our house and don't need to move. The road noise drives me bonkers but otherwise I really do like it.

My plan is to keep our and rent it. Nice neighborhood but also right by the university, so hopefully some southern millionaires will have some daddy's money willing to guarantee and rent it.

We rent ours to med school residents. Great tenants.

 

[Instinctive]

Agree with you that it feels like a knife's edge. Not 2009 but definitely cooling off a touch and feels like more is coming.

Bought in 2010 when the market was deflated. Value is now approaching 2.5x which has me wondering/dreaming about a move. Staying in same desirable school district but I watch the listings regularly.

A lot of house are still getting posted with 'sale pending', but I'm noticing more and more staying out there longer and in more than a few cases see them drop their price. Sure some of them were talking crazy with initial posting but a lot of other's seemed reasonable.

Plain English did a good podcast on the topic this week. They basically said it took 5-7 years to go peak to trough last time things went nuts, so we shouldn't expect a trough until maybe end of 2027. What's nice for us personally is there's no imperative to move except that I want a room for a golf simulator and we need to get to a good school district...in the next 10 YEARS lol. So time is on our side, it's just antsiness and desire for space that has us considering a move. We bought 2 weeks into COVID shutdown...I think the lowest point in housing market in past 10-15 years in TX.

What's funny is if we could get a rate even in the 4s (ours is 2.5 on current home) we'd be moving to like a 2.5-3M home within a couple weeks. But rates around 7-8 are just bonkers on how it limits your buying power so much.

Thanks for the tip on podcast.

Yeah, giving up a sub 4 rate for 7-8 isn't happening here either. That and seemingly everything in this district is at minimum 2x so I'd likely be getting an equal if not smaller house for the same mortgage payment. Pay down the HELOC and principle a bit more and the numbers start changing in our favor.

Guess the good news is I do still like our house and don't need to move. The road noise drives me bonkers but otherwise I really do like it.

My plan is to keep our and rent it. Nice neighborhood but also right by the university, so hopefully some southern millionaires will have some daddy's money willing to guarantee and rent it.

We rent ours to med school residents. Great tenants.

I don't think SMU has a medical school. The law school is a couple blocks away though. Good idea.

 

[Zow]

I speak with realtors regularly for professional reasons. I'm told that for the first time since like 2009, my area's housing market is a buyer's market.

 

[Captain Cranks]

Things have softened significantly in the Tampa market. I'd say prices are down 10% from the peak so far. I've also been looking at cabins in northern Georgia and seeing large price cuts. Some of these homes doubled in value from 2020 to 2023.

 

[Chadstroma]

Things have softened significantly in the Tampa market. I'd say prices are down 10% from the peak so far. I've also been looking at cabins in northern Georgia and seeing large price cuts. Some of these homes doubled in value from 2020 to 2023.

The data I have seen, what I have been hearing... for example, from a client in the burbs of Richmond, talking to realtors, etc.... inventory is increasing. Rates are the big thing that I think has been a driver on that but they are coming down (been doing a lot of calls for refinancing today for past clients that I see it makes sense for). As rates come down, it will bring a ton of sidelined buyers into the market.

 

[Instinctive]

Stuff in Dallas is sitting for 100+ days or less than like a week right now

 

[Captain Cranks]

Things have softened significantly in the Tampa market. I'd say prices are down 10% from the peak so far. I've also been looking at cabins in northern Georgia and seeing large price cuts. Some of these homes doubled in value from 2020 to 2023.

The data I have seen, what I have been hearing... for example, from a client in the burbs of Richmond, talking to realtors, etc.... inventory is increasing. Rates are the big thing that I think has been a driver on that but they are coming down (been doing a lot of calls for refinancing today for past clients that I see it makes sense for). As rates come down, it will bring a ton of sidelined buyers into the market.

Some of the podcasters I follow have been noting areas that had the largest price appreciation are now seeing record high inventory levels. Sellers have been slow to adjust price although large scale investors are dumping fast.

 

[Peggy]

Property two down from us had multiple bids and just sold for 11% over asking.

 

[Brunell4MVP]

Super busy in Virginia / DC. The correctly priced homes sell within 5 days. The few overpriced homes sit for a long time. The market is currently at equillibrium. But I expect it to go crazy next spring, assuming rates continue to drop

 

[Tecumseh]

Things have softened significantly in the Tampa market. I'd say prices are down 10% from the peak so far. I've also been looking at cabins in northern Georgia and seeing large price cuts. Some of these homes doubled in value from 2020 to 2023.

I live in the north Ga mountains. Wife and I are looking, but prices still seem inflated. We’re planning to keep and rent our current house, and stay local. May end up in TN or NC (we’re 15mins from either).

 

[tommyGunZ]

Inventory rising here in San Diego but prices on the Coast have gotten so far out of whack it makes little sense to move until a much bigger downturn.

I've followed this SD based blogger for almost 20 years now....this type of detailed market analysis on a monthly basis is phenomenally helpful: https://piggington.com/july-2025-housing-data-inventory-corrects/

 

[Chadstroma]

There are 72% more condo sellers than buyers in the US: Redfin

https://www.newsnationnow.com/business/your-money/more-condo-sellers-than-buyers-redfin/

 

[The Z Machine]

There are 72% more condo sellers than buyers in the US: Redfin

https://www.newsnationnow.com/business/your-money/more-condo-sellers-than-buyers-redfin/

I'm always confused about condo vs. Townhouse. Is a condo one where you have to pay condo fees for centralized maintenance while a townhouse is one where you have to pay that all yourself? And what's the difference between a townhouse and any other single family residence?

 

[Uruk-Hai]

There are 72% more condo sellers than buyers in the US: Redfin

https://www.newsnationnow.com/business/your-money/more-condo-sellers-than-buyers-redfin/

I'm always confused about condo vs. Townhouse. Is a condo one where you have to pay condo fees for centralized maintenance while a townhouse is one where you have to pay that all yourself? And what's the difference between a townhouse and any other single family residence?

"Yes" to your first question. There is some blending between the two, but you are correct in your assumption for the large portion of them. Condos are like apartments that you own. Townhouses are multi-level dwellings usually attached to others on a row/

 

[Ron Swanson]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

 

[Chadstroma]

There are 72% more condo sellers than buyers in the US: Redfin

https://www.newsnationnow.com/business/your-money/more-condo-sellers-than-buyers-redfin/

I'm always confused about condo vs. Townhouse. Is a condo one where you have to pay condo fees for centralized maintenance while a townhouse is one where you have to pay that all yourself? And what's the difference between a townhouse and any other single family residence?

Yea, condo's are basically apartments you can buy.
Townhomes are like the in-between between of condos and SFR's. Typically, townhomes share a wall with another home, most often have more than one story and their own entrance. Most townhomes are 2-4 units. Most townhomes the exterior is the responsibility for the owner unlike condos though things like landscaping, snow removal, etc is often through a HOA which townhomes pretty much always have.

 

[Chadstroma]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

 

[urbanhack]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

 

[Chadstroma]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

 

[Instinctive]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

 

[Chadstroma]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

 

[Senor Schmutzig]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

My mom lives in an 8,500-unit community in South Florida that is at least 50% owned by Canadians. I don't know how many are not coming back down this year but since they start coming in October, I'll be able to have a better sense in mid-November as to how busy things feel there when I visit.

 

[Ron Swanson]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

No, I think those that can afford it are going to alternative destinations. I've heard Mexico mentioned but that requires a Visa...not difficult but an extra step. I've also heard the commonwealth Caribbean islands are a popular choice because no Visa for Canadians but not as affordable.

 

[Captain Cranks]

I'd do the same thing if I was Canadian.

 

[Harry Frogfish]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

Sure, why not?

And that's not what suffering is.

 

[DA RAIDERS]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

I would. But I ski.

America ain’t so popular around the globe atm.

 

[Desert_Power]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

Perhaps they don't want to go through this? Or this? Or this?

 

[Joe Schmo]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

Perhaps they don't want to go through this? Or this? Or this?

There's self-imposed ice detention and then there's ICE detention against your will. I choose the former.

 

[belljr]

I'd do the same thing if I was Canadian.

I want to visit Canada!!!

 

[Chadstroma]

Awesome... you guys are working hard to get this thread on RE locked.

 

[Joe Schmo]

You didn’t take the subtle response from urbanhack so people obliged by filling in some blanks.

 

[General Malaise]

Our small town in FL has a heavy annual snowbird population, many from Canada. Winter rentals are historically impossible to get as the same people come back year after year and when they don't there's a long waiting list for them so they never hit the market. Not so much this year. The Canadians aren't coming and there are houses all over listed publicly for rent for the winter. This didn't even happen during the recession. Landlords of those types of properties are beginning to panic. Might create some buying opportunities if things don't change soon.

Any ideas on why?
Is it snowbirds in general or specifically Canadians?

Ummmmmm. Yes?

Well..... that was an informative and helpful posts. Easily one of your best.

Canada is still on this huge boycott everything US right now. My aunt and uncle live there. It's a big deal.

So they are going to suffer the Canadian winters to spite us?

Coastal British Columbia isn't terrible in the winter. Like Seattle.

But those middle provinces.....wooooof.

 

[Captain Cranks]

Awesome... you guys are working hard to get this thread on RE locked.

Sadly, you're right. Only the positive impacts of Dear Leader's decisions are allowed. Very unbiased.