re: Real estate groups urged the Fed to stop rate hikes.

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It’s slowed down probably about 20% here but still humming surprisingly. 2019-2022 was insane.

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Down 29% this September vs last in our market.

I’m still doing fine, but I outwork most of the realtors in my market.

What are black rocks subsidiary companies buying? That’s what I’d be looking at.

House prices aren’t going down, inventory is short by a lot, interest rates aren’t going down anytime soon, they are only going up. If you HAVE to buy, then do it before interest rates go up, so you can lock in, then if interest rates go down later, you can refinance. If you don’t Have to buy and are happy where you are at, like I am, then sit back and watch. I’ve just remodeled the interior. Good luck if you are looking, sincerely.

How in the world can it be 3000 days to foreclose? 10 years?

Am I reading something wrong?

Are there NO foreclosures in Louisiana?

Jerome Powell is committed to rate hikes because he has been so successful combatting inflation. He’ll keep raising the rate until it works.

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Good luck brother… all those people with sub 3 mortgages will be listing in no time, just wait!

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2.5 years into a refinanced 15 at 2.35%.

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The amount of closings this week in south Louisiana was by far the lowest in the 20 years I’ve monitored such things. This week is literally a 21st century low. And it’s been bad for a year.

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And it's still not yet enough to begin dragging prices down.

It's likely going to take a lot longer to drain the excess liquidity from the market and build up the necessary suprluses of materials to drive prices down than anyone thought.

Yep, we are getting the Cali / NYC zone where rent control, property tax increases limits, etc, have made it to where people will tend to hold onto their current property until they absolutely have to sell.


Anyone selling right now may get a premium over what they paid for the current property but the chances of finding something new are low and it will cost you a ton.


Selling my current house for $500K does me no good if the next best house I can find is one that won’t serve my needs while costing $450K with a high interest rate.

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Until you pry the "for rent" houses back into the market for people to buy and live in, we will be.

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That's not likely to happen without a scenario where high unemployment empties rentals. With rates staying so high (and likely to go at least a little higher), demand for rentals will increase as long as people have paychecks coming in. What's likely to drop is the amount of AirBNB/VRBOs in non-touristy areas (places like LA, DC, NYC, coastal areas with nice beaches, etc will likely not see a change unless we hit a bad recession).

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The indicator I would follow is if Blackrock is still buying.

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NOI on investment properties getting squeezed with increased regulations, taxes and operating costs. When travel slows down because the consumer is getting tapped out by inflation, watch out. Institutional owners will dump inventory for better yields.