why it is a good / bad time to buy house?

Question

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...

Bradley Buxton · Answer

Real Estate is a time rewarded investment. It’s harder (bad) to make money in the short term and easier (good) to make money in the longer you own.

There is not either or in real estate. It depends on your situation. Do you have the money to buy and have you done your research? It’s a good time to buy if it’s right for you. We are seeing some amazing deals for cash buyers in the Reno, NV market in multi family. But without cash it’s a bad time. Make sense?

Salvatore Lentini · Answer

There's no inventory and there won't be enough for probably a couple years to come.  Low supply means prices go up.

Tom Hall · Answer

Thx for following up, still in the process I was outbit the first 2 times by 93k and 73k.

It is hard to believe that people are offered 93k above the asking price but it is what it is happening. This market is insane

Eliott Elias · Answer

The market is great because it is a lot easier to find a good deal, and buyers have dried up thus limiting your competition.

It is a bad time to buy for the same reason. Buyers have dried up and you are a lot less likely to get your deal sold for ARV today.

why it is a good / bad time to buy house?

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