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Dec 30th, 2023
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Will You Buy a Home This Year #15264082 12/04/24 10:15 PM
Joined: Mar 2007
Posts: 1,950
Gibby Offline OP
Extreme Angler
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Posts: 1,950
In my business, I have had a lot of people tell me in the months leading up to the election, "we want to wait and see" with regard to buying a home. So now that the election is over and we are wrapping up the year, I am curious to know how many will be in the market in 2025. If you answer "yes" in my little poll, I promise I won't be in your DM's immediately following. All my contact info is in my signature. If you want my help, you know where to find me, and I would be happy to help.

Will You Buy a Home in 2025
multiple choice
Votes accepted starting: 12/04/24 10:14 PM
You must vote before you can view the results of this poll.
Last edited by Gibby; 12/04/24 10:16 PM.

Ryan Gibson
Senior Mortgage Broker
Alliance Mortgage Group
Cell: 214-763-6394
rgibson@alliancemtggroup.net
www.ryangibsonmortgages.com

*Please email or text me for the quickest response. I sometimes go days without checking the TFF.


Re: Will You Buy a Home This Year [Re: Gibby] #15265386 12/06/24 02:39 PM
Joined: Nov 2002
Posts: 5,297
BMCD Offline
TFF Celebrity
Offline
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Joined: Nov 2002
Posts: 5,297
I mean i think it still depends on things to come. IMO we are headed to a recession, and it will take some time to get us back in the right direction.

Re: Will You Buy a Home This Year [Re: Gibby] #15265551 12/06/24 05:51 PM
Joined: Mar 2007
Posts: 1,950
Gibby Offline OP
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Joined: Mar 2007
Posts: 1,950
What's been impressive or eye opening to me is the way home values have held these last couple years, with inflated rates and a reduced buyer pool. If rates come down in 2025/2026, it will be interesting to see what home prices do then.


Ryan Gibson
Senior Mortgage Broker
Alliance Mortgage Group
Cell: 214-763-6394
rgibson@alliancemtggroup.net
www.ryangibsonmortgages.com

*Please email or text me for the quickest response. I sometimes go days without checking the TFF.


Re: Will You Buy a Home This Year [Re: Gibby] #15267038 12/08/24 05:35 AM
Joined: Apr 2010
Posts: 27,790
P
patriot07 Offline
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Joined: Apr 2010
Posts: 27,790
Values are holding due to the massive number of investors in the market compared to 15+ years ago. Everybody saw the wealth built by REI during 2021-2022 and want a part of it. Of course, you make money when you buy, not when you sell. So buying now is still really tough for investors. But for the new folks getting into it, they don't really understand that. They just buy and hope to make a buck, and in the process the market is artificially held up


Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
Re: Will You Buy a Home This Year [Re: Gibby] #15267177 12/08/24 02:12 PM
Joined: Jun 2012
Posts: 3,803
K
KB1953 Online Content
TFF Team Angler
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K
Joined: Jun 2012
Posts: 3,803
Yes, this month on the 16! thumb

Re: Will You Buy a Home This Year [Re: Gibby] #15268147 12/09/24 04:23 PM
Joined: Mar 2007
Posts: 1,950
Gibby Offline OP
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Joined: Mar 2007
Posts: 1,950
Patriot07, I think investors are a part of it, in any market, but I think businesses moving here, jobs, and the lower cost of living here compared to many other areas, and in general the amount of people moving to Texas, plays a bigger role. Over 600K people moved to Texas in 2023.

KB1953, Congrats!


Ryan Gibson
Senior Mortgage Broker
Alliance Mortgage Group
Cell: 214-763-6394
rgibson@alliancemtggroup.net
www.ryangibsonmortgages.com

*Please email or text me for the quickest response. I sometimes go days without checking the TFF.


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