All Forum Posts by: Vinay H.

These are all contributing factors but I think the market is just taking a breather. Now would be a good time to secure a nice flip for next spring....

reporting from Cambridge, MA - I have to say that it is not as frenzied as in March/April but still not a buyer's market. This is the not-unusual fall/winter slowdown period.

Case-Schiller agrees with you

The numbers: The S&P CoreLogic Case-Shiller 20-city index rose 0.1%, seasonally adjusted, in July, and was up 5.9% compared with a year ago.

What happened: Home-price gains were weaker in the three-month period ending in July than in the prior month. The Case-Shiller national index rose a seasonally adjusted 0.2% and was up 6.0% for the year in July, down from a 6.2% increase in June. The more closely-watched 20-city index had notched a 6.4% gain last month. Those were the slowest paces of growth since last summer.

In July, Las Vegas was the number-one metro area yet again, with a 13.7% annual increase. It was followed by Seattle, at 12.1%, and San Francisco, at 10.8%. Only five cities had stronger price gains in July versus in June.

Read: Buyers are ‘fatigued,’ ‘burned out,’ but kept house-hunting even in August, real-estate agents say

Most people don't like to tie up their money in a relatively non-liquid asset for 30 years for 4.5% IRR.

You need to find the property before you get the funding. No-one will loan without specific numbers

Peak housing according to article means the number of sales has peaked.

Prices still continue to rise, albeit at a slower rate. (Case Schiller).

Also - rent

Apartment rental prices edged higher in the third quarter, but deals for renters still abound in major metro areas across the U.S. as landlords brace for more supply in the months ahead.

Apartment rents rose 2.9% in the third quarter from a year earlier, up from 2.5% annual rent growth in the second quarter, according to real estate analytics firm RealPage Inc. A strong economy with better wage growth helped boost demand for apartments. So did a weak home-sales market, as tight supply may have prompted more renters to put off buying.

“There definitely doesn’t seem to be the pressure to buy that was there a little bit earlier,” said Greg Willett, chief economist at RealPage.

The rental market has still slowed significantly from a few years ago, when rents grew by 5.2% in the third quarter of 2015. But Mr. Willet said that “an upward blip rather than a downward blip” shows at least that the slowdown isn’t accelerating.

Easy peasy. Drain the pool, cover it with a solid pool cover and tell her pool is closed and post no trespassing notices.. You just saved 150 a month. You're welcome :)

I am partial to Option 3 - upgrade yourself and rent out the current house. I think if you have worked out all the kinks with your current residence, you will know all issues and how to address them.