i buy houses in RI, CT and Mass and it is scary right now - but i have sold like 5 houses in the last 2 months for a lot more then i thought i would get - right now the inventory is very low and people are scooping them up quickly - also they have raised the standards to get a mortgage and people want to get their houses now.
i see a drop in the higher price houses, or the 2nd houses as i call them - where people sell their first house to get a nicer bigger second house. in reality none of us really know what will happen. i was going to buy a 450k to 500k house for 325k and flip it. it needed a good 50k in work - i backed out thinking it was too risky - and i still think it's too risky.
my son just moved in his house up the street from me and i threw out the idea that he should buy it and sell the house he just bought 6 months ago - well he put his on the market today for 314900 and already has an offer higher and has 8 more showings set up. so right now the market is still strong. i expect it to drop - but hey i have been expecting the market to crash for 3 years now (and i have been wrong). lately i been trading oxy, xle and dkng and making some good money getting in and out of them - so i am playing the market again - i actually bought the oxy and xle as long term things when oile was negative - but they went up too quick and i got out. i think i am done with oxy as it's been flat even when the market has been way up. draft kings i think i will hold onto long term as i there model has so much rev oppurtunities.
anyway back to the real estate and pinball - yes there is a pinball in his house in the pictures. he always loved harlem globetrotters so i got him one.
https://www.trulia.com/p/ri/north-smithfield/557-victory-hwy-north-smithfield-ri-02896--2002843491
thanks ed