from Hacker News

U.S. Home Prices Hit Record in June

by stanrivers on 7/24/24, 3:47 AM with 6 comments

• by avidiax on 7/24/24, 5:29 AM

  https://archive.md/i369A

  Prices being high while volume is low suggests homes are overvalued.

  "We may be moving away from a sellers’ market towards balance, and may be entering a buyers’ market.”

  When even the NAR's chief economist says the market is softening, I think it's a safe bet that prices will weaken somewhat in the next couple of years.

• by tayo42 on 7/24/24, 7:02 AM

  Just bought, hope this wasn't the peak. the housing market is funny. There's a prediction for every outcome. Some say it keeps going up, some think there's a bubble, the promise of interest rate drops can make it go down, or up.

  I saw nice places sell fast or over asking. Places with problems, next to highways, weird paint, sellers are difficult, all sit for a while. I don't think you could give me a house for free that's next to a highway.

• by charlie0 on 7/24/24, 5:54 AM

  Prices will continue to rise. There's a lot of demand still and lowering interest rates will only push prices upwards.