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Charlesinrichmond t1_iua29yq wrote

Reply to comment by __looking_for_things in RVA Real Estate AMA - "What The H*ll Is Happening?" Edition by Kindly_Boysenberry_7

spring will almost always be better for sellers. The rule of thumb was always be on the market when the azaleas are blooming.

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Kindly_Boysenberry_7 OP t1_iua3b6h wrote

I have to say I disagree this year, with the already signaled rate rises. I think upper level price range stuff - $700,000+ seems to be about the break point - will be better to wait until the Spring, but stuff that is in the first time buyer price range might be better off selling sooner rather than later.

It's certainly going to be interesting to see what happens. I am assuming the investors are waiting on the sidelines with baited breath.

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Charlesinrichmond t1_iua6hiv wrote

sooner even with 30 year rates already at 7? I don't see them going that much up from here, 8 would be the worst and I'm not sure we see that. So why not wait for more buyers?

10 year is 4.01 I note. So room for yield spread compression

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