2022 housing market

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What should be expected?

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From what I read, pundits expect house prices to rise till Mar, then gradually come down. I don’t care, just keep buying one SFH per year…

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Nearby house for sale. Asking is the Zillow value of our house. Ours is not as nice, nor as large, and is older, so I was surprised (ok, I’m also surprised at the Zillow value of our house). Anyways, seems to me that things may be flatlining or not up as high as we thought.

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idk here things are still going for way over ask (500-600k over on 2M houses) / they may be underpricing on purpose.

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last few solds in Danville

https://www.redfin.com/CA/Danville/252-Clydesdale-Dr-94526/home/1627920
https://www.redfin.com/CA/Danville/141-Turrini-Ct-94526/home/1515429
https://www.redfin.com/CA/Danville/1394-Van-Patten-Dr-94526/home/1337876

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As far as I can tell, it seems that the near future of the U.S. real estate market is quite uncertain. Localized housing bubbles such as those in San Francisco and Los Angeles make me think that housing values may drop substantially if these real estate microcosms are compromised.

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How do you define a bubble?

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I can’t remember who are the pundits. They are correct :+1: House prices peak in Apr-Jun.

I read so many forecasts, all predict continued decline till 2023 (exact month varied). Nevertheless, just see what Fed does/ says in Sep, Nov and Dec mtg.

Cash is king. Patient.

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Global real estate market is about to pop.

2008 GFC, only selected market is bubbly, now is everywhere.

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I think you typed the wrong forum url

https://patrick.net/

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I am starting a consultancy to help people like to tide over this bear market profitably.

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Kiyosaki beats me to the game.