- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Will The Bank Fiasco Affect Mortgage Rates?
Posted on 3/14/23 at 3:19 pm to Lightning
Posted on 3/14/23 at 3:19 pm to Lightning
The vacancy rates are one of multiple relevant metrics. Others ro consider are the larger numbers of homes under construction (hitting the market over the next 12 odd months) and the number of extra homes people have bought as investment properties or vacation homes. That number is around 20 million. Both vacation homes and investment properties should be thought about as having different characteristics than the primary housing people live in where they work and their kids go to school.
1
Posted on 3/14/23 at 3:43 pm to molsusports
quote:
the larger numbers of homes under construction (hitting the market over the next 12 odd months)
Sure, the number of new homes hitting the market is definitely relevant. But housing starts peaked in April 2022 and have sharply declined since then. Those spring starts should already be on the market by now, using the average of 6 months to complete a spec home.
quote:
the number of extra homes people have bought as investment properties or vacation homes. That number is around 20 million.
I don't think I understand what you're saying here? If someone bought a vacation home, that doesn't help with the undersupply problem. By investment home, do you mean for renting out or flipping? Those are different than primary homes but the vacancy rates are still at historic lows.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News