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Started By
Message
Home prices rose in March
Posted on 5/30/23 at 1:42 pm
Posted on 5/30/23 at 1:42 pm
12
Posted on 5/30/23 at 1:45 pm to Dawgfanman
quote:
The inventory of existing homes remains 44% below pre-pandemic levels
ouch
Posted on 5/30/23 at 1:45 pm to Dawgfanman
quote:
"Two months of increasing prices do not a definitive recovery make, but March's results suggest that the decline in home prices that began in June 2022 may have come to an end," Craig Lazzara, managing director at S&P DJI, said in a statement.
this is the kind of attitude that breeds crashes. Anyone actively watching the market can see it is slowing down. People can list houses at whatever number they want, but home-buying numbers are trending down.
This post was edited on 5/30/23 at 1:46 pm
Posted on 5/30/23 at 1:49 pm to Swagga
quote:
People can list houses at whatever number they want,
My post and the case Schiller is for sales, not listing, prices.
Posted on 5/30/23 at 2:09 pm to Dawgfanman
This is old news. Tell me what's happening with mortgage applications and you'll have your answer regarding the housing market.
Regardless, what the fed has done is slowed the demand side down. The supply side is not going to be fixed until
- There's a limit put on what private equity can do for single family homes.
- There's a limit put on STR ownership.
- Something catastrophic happens to force people to move.
Regardless, what the fed has done is slowed the demand side down. The supply side is not going to be fixed until
- There's a limit put on what private equity can do for single family homes.
- There's a limit put on STR ownership.
- Something catastrophic happens to force people to move.
Posted on 5/30/23 at 2:46 pm to Dawgfanman
hope the useless realtors are still surviving
Posted on 5/30/23 at 2:48 pm to Dawgfanman
quote:
Housing crash off?
I just don't see where the crash is coming from.
Posted on 5/30/23 at 2:50 pm to GetCocky11
quote:
The inventory of existing homes remains 44% below pre-pandemic levels
no one with a sub 3.5% interest rate wants to sell their house to get a plus 7% rate......
Posted on 5/30/23 at 2:51 pm to Dawgfanman
I wouldn’t have been predicting a crash in any case. We’re still looking at a correction overall in the country.
There are some areas of the country though where crash would be an accurate statement
There are some areas of the country though where crash would be an accurate statement
Posted on 5/30/23 at 2:52 pm to GetCocky11
Where is that wawaweewa baw?
He went nuts at the beginning of 2022 on anyone who (correctly) predicted that housing costs would largely stay the same due to inventory drying up with virtually no one voluntarily giving up their <3% mortgages
He went nuts at the beginning of 2022 on anyone who (correctly) predicted that housing costs would largely stay the same due to inventory drying up with virtually no one voluntarily giving up their <3% mortgages
Posted on 5/30/23 at 2:53 pm to Dawgfanman
We have about 3 months left before our new home is finished. There are still 750 houses to be completed in our huge subdivision. They just had a price increase
We have 40K worth of equity in our house and we have not even moved in yet
We have 40K worth of equity in our house and we have not even moved in yet
Posted on 5/30/23 at 3:00 pm to Dawgfanman
Biden’s policies finally starting to take effect. I knew he’d pull us out of the cellar.
Posted on 5/30/23 at 3:05 pm to LanierSpots
quote:
We have 40K worth of equity in our house and we have not even moved in yet
No you don't. You only think you do. Try selling it for that 40K and see if you get it. Houses aren't selling right now. Also house prices will come crashing back down to reality and you might be upside down in it when everything is said and done.
Posted on 5/30/23 at 3:11 pm to UAinSOUTHAL
quote:
quote:
We have 40K worth of equity in our house and we have not even moved in yet
No you don't. You only think you do. Try selling it for that 40K and see if you get it. Houses aren't selling right now. Also house prices will come crashing back down to reality and you might be upside down in it when everything is said and done.
Obviously the new constriction is selling right now (unless he is lying).
I don't doubt that he's telling the truth. It is anecdotal. But I'm sure there are builders right now who are doing fine.
Posted on 5/30/23 at 3:15 pm to tigeraddict
quote:
no one with a sub 3.5% interest rate wants to sell their house to get a plus 7% rate......
With the housing prices as they are and how unlikely 3% interest rates will ever be seen again, frick buying a house
Posted on 5/30/23 at 3:15 pm to Swagga
quote:
the decline in home prices that began in June 2022 may have come to an end
Hey! That's when I bought
Posted on 5/30/23 at 3:17 pm to dcrews
quote:
With the housing prices as they are and how unlikely 3% interest rates will ever be seen again, frick buying a house
You seem like you will own nothing and like it.
Posted on 5/30/23 at 3:19 pm to Dawgfanman
How dare banks charge a market interest rate when you ask for a loan!?!?
Posted on 5/30/23 at 3:23 pm to Dawgfanman
The private housing market may be spared with inventory levels but the carnage in commercial real estate could be historic with the new remote work environment
This post was edited on 5/30/23 at 5:36 pm
Posted on 5/30/23 at 3:24 pm to TROLA
quote:
The private housing market may be sparred with inventory levels but the carnage in commercial real estate could be historic with the new remote work environment
We have too many office parks, retail centers, etc. you are right on with this..
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