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Is the Fed killing the housing market?
Posted on 5/5/22 at 12:35 pm
Posted on 5/5/22 at 12:35 pm
Mortgage rates continue to climb but housing prices are not dropping, plus there is a shortage of houses.
It's going to be harder for people to afford a mortgage loan.
It's going to be harder for people to afford a mortgage loan.
16
Posted on 5/5/22 at 12:58 pm to L1C4
quote:
It's going to be harder for people to afford a mortgage loan.
Which will correct prices.
They will probably level off in most of the hot markets because its still a supply and demand thing.
People who were paying 200/sq foot + in shite hole places to live are probably f-ed though.
Posted on 5/5/22 at 1:43 pm to L1C4
private investment firms removing inventory for the foreseaable future and all cash offers from out of staters are killing the housing market.
my town expects 7000 new homes in the next 6 years. most are going to be duplexes or DR Horton cookie cutters, not real neighborhoods.
my town expects 7000 new homes in the next 6 years. most are going to be duplexes or DR Horton cookie cutters, not real neighborhoods.
Posted on 5/5/22 at 4:05 pm to L1C4
Institutional investors aren't getting mortgages...
They are manipulating the market, when the market is being manipulated it can't be controlled.
They are manipulating the market, when the market is being manipulated it can't be controlled.
Posted on 5/5/22 at 10:05 pm to L1C4
If you trust the government, just talk to the American Indians. They got hosed by the government.
So, yes, the Fed artificially lowered rates in response to the Great Recession in 2008-2009, and now are way too late in raising rates.
So, yes, the Fed artificially lowered rates in response to the Great Recession in 2008-2009, and now are way too late in raising rates.
Posted on 5/6/22 at 7:58 am to L1C4
I hope so for the Florida condo market, but everyone is paying cash and condos are up 25-50% after swapping out a couch and fresh paint.
Posted on 5/6/22 at 9:35 am to L1C4
quote:
It's going to be harder for people to afford a mortgage loan.
Amazing time to own rental property. There will be some people with good incomes who will opt to rent a nicer place vs buying a dump
Posted on 5/6/22 at 6:24 pm to L1C4
It’s just starting. Why are people so impatient?
Wait for it…..
Wait for it…..
Posted on 5/6/22 at 7:10 pm to L1C4
they are definitely trying
Posted on 5/7/22 at 9:21 am to L1C4
Did the Fed print money between 2008 and now, increasing debt from 10.7T to 30T? If yes, then yes.
But the damage isn’t linear between 2008 and now, it’s a bubble, they knew it would blow, they just didn’t care.
But the damage isn’t linear between 2008 and now, it’s a bubble, they knew it would blow, they just didn’t care.
Posted on 5/7/22 at 6:11 pm to L1C4
They’re trying to avoid a crash by raising rates incrementally which is the right thing to do
Cool it off to save it
Cool it off to save it
Posted on 5/7/22 at 9:03 pm to L1C4
Just rent one from Blackrock. It’ll only be twice as expensive as the mortgage would have been.
Posted on 5/8/22 at 8:57 am to L1C4
House prices remain hot until unemployment creeps (people have the money and confidence to spend more).
If/when unemployment creeps, you will see a sharp correction in prices (how much depends upon the level of unemployment. Consumer confidence is the biggest driver of the direction of housing prices).
If/when unemployment creeps, you will see a sharp correction in prices (how much depends upon the level of unemployment. Consumer confidence is the biggest driver of the direction of housing prices).
Posted on 5/8/22 at 4:01 pm to L1C4
quote:
Is the Fed killing the housing market?
No but they artificially inflated it for a decade.
Posted on 5/9/22 at 12:20 pm to L1C4
quote:
Is the Fed killing the housing market?
Sort of. The Fed created the housing frenzy we've seen over the last few years by keeping rates low. Even when the market was doing well, the Fed would shy away from raising rates because just mentioning it would send the market into spasms (see: addiction).
So they've kicked the can down the road but now we've reached a point where continuing to kick it would end up being worse than ripping off the band-aid. Raising rates will pull money out of the market, thus curtailing inflation, but it will also necessitate a slowdown in the market (read: unemployment increases) in the meantime.
The further up they go eventually gives them more room to lower rates to spur growth after the economy stabilizes from the increases (the sweet spot for good growth balanced by rates seems to be around 5%, which we haven't seen in over a decade).
Not doing so would be to keep a glut of money in the economy, increasing inflation with no mechanism for bringing it back down.
So, yes they are killing it but they created it and it needs to be killed a bit for longer-term considerations.
Posted on 5/10/22 at 12:12 pm to L1C4
It will soon be a good time for those who can pay cash.
Posted on 5/11/22 at 4:14 pm to L1C4
your vacation homes are toast
primary homes should be better off
primary homes should be better off
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