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housing prices peak 2


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2022 Apr 29, 9:29pm   678,021 views  6,646 comments

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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6644   ForcedTQ   2025 Jul 17, 12:59pm  

There’s something to be said about location too. The patch of ground the property is on is going to matter a lot potentially. A new house on less desirable location will be needing discounts relative to a “used house in good repair” on a desirable location.
6645   MolotovCocktail   2025 Jul 17, 5:25pm  

zzyzzx says

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration




6646   MolotovCocktail   2025 Jul 17, 5:31pm  

WookieMan says


Yes. Mainly coastal areas and cities.


Look everyone! Wookie STILL keeps pushing his 'coastal areas' bullshit despite hard evidence proving otherwise. But hey! He's a R/E 'expert' on PatNet!

Half the country is now 'coastal areas' it seems.





https://www.newsweek.com/map-shows-home-values-dropping-half-country-housing-market-shifts-2074904

His state...the State of Dumfuq, IL is one of the few not on that map. And get this: It is technically a coastal state!


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