- 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 anticipated 3 rate cuts jump-start residential home sales this year?
Posted on 3/22/24 at 4:16 pm to Zachary
Posted on 3/22/24 at 4:16 pm to Zachary
The amount and speed of the rate hikes were an overreaction to inflation caused by the overreaction of COVID policies that crippled the global economies without much consideration. Not saying either of those things should have had no response at all, it's the just the responses for both were way too much.
Just my humble opinion.
Just my humble opinion.
0
Posted on 3/22/24 at 4:46 pm to Cosmo
quote:
Nope
If anything rates should go higher
Yes.
We need rates closer to 9.5 for about 25 years to combat all the inflation from over printing money for the last decade.
Posted on 3/22/24 at 5:53 pm to Zachary
No
Posted on 3/22/24 at 6:12 pm to SalE
They're carving out subdivisions left and right here in AL and selling them. I don't know where the buyers are coming from but it doesn't seem to be an issue.
Posted on 3/22/24 at 6:21 pm to Zachary
We need three more raises to get these poors in check. If you cant afford it dont buy it.
Posted on 3/22/24 at 6:40 pm to SECdragonmaster
quote:
We need rates closer to 9.5 for about 25 years to combat all the inflation from over printing money for the last decade
Inflation is three percent - lower than it was during the Reagan morning in America.
Posted on 3/22/24 at 6:41 pm to Zachary
75% for a June cut
We will see PCE next week
We will see PCE next week
Posted on 3/22/24 at 6:44 pm to Ziippy
quote:
Inflation is three percent - lower than it was during the Reagan morning in America.
Imagine believing this
Posted on 3/22/24 at 6:46 pm to Zachary
Rates are pretty much near historical averages. They'll cut them though because they don't want to pay current rates on our massive national debt.
Posted on 3/22/24 at 6:49 pm to Zachary
No way rate cuts come to fruition
Posted on 3/22/24 at 6:53 pm to BabyTac
quote:
Just buy now and refinance when they cut - Bimbo real estate bitch wanting her 6%
I get what you are saying and I agree about how useless most RE agents are but I’ve come to realize it’s never really a bad time to buy property especially in major metropolitan areas with jobs. I’m not saying for someone to trade their 3% rate for a 6.8% one I’m speaking mainly to the people who don’t currently own and are looking to buy. If they buy now and rates continue to go up they win and if they buy now and rates go down they can refi and win. It’s a win-win in this low inventory market we have that isn’t going to change anytime soon despite wishcasting by doom and gloomers.
Posted on 3/22/24 at 7:04 pm to rintintin
quote:
Maybe I'm just an economic dumbass, but it seems like, in modern market history, mortgage rates and home prices seem to roughly balance each other out, when it comes to total monthly payment.
They typically have an inverse relationship yes, but the question is will home prices decrease enough to offset the higher interest rate?
For this last rate hike the answer to that was a resounding no. House prices didn't move much.
That assumption assumes adequate inventory. We don't have that, for several reasons. Prices won't be coming down significantly until the supply side is back in balance (new home stock, waves of foreclosures, etc.).
Posted on 3/22/24 at 7:27 pm to Zachary
This 3 rate cut idea was latched on to and pushed hard by the realtors. Pushed hard by some male residential realtors I have dealings with. I politely laughed, I just don’t see it with what is still going, presidential election etc
Posted on 3/22/24 at 7:42 pm to Cosmo
You are absolutely correct. We should be a minimum of 2 percent higher but the savers have been getting butt fricked for 17 years for the sake of Wall Street. We need a Fed Chairman like Volcker with some balls to do the job. Good luck with that in an Election Year. frick grandma eating cat food to survive…we have wars to launder billions through. Oh, and we “just don’t have the money for universal healthcare and running out for SS”. But I’ll be GD…found a few more billion lying around for Ukraine to launder though.
Posted on 3/22/24 at 8:04 pm to PerplenGold
quote:
Govt spending is the real problem. Fed trying to reduce inflation while FJB spending. Dumbasses.
This.
Don’t often agree with Fed but they have been battling government that refused to stop spending.
Based on dot plot and fed speak, I do think they make two cuts with large gap between them this year.
Posted on 3/23/24 at 3:09 am to Longhorn Actual
quote:
They typically have an inverse relationship yes, but the question is will home prices decrease enough to offset the higher interest rate?
For this last rate hike the answer to that was a resounding no. House prices didn't move much.
quote:Thanks to both of you. This was informative.
That assumption assumes adequate inventory. We don't have that, for several reasons. Prices won't be coming down significantly until the supply side is back in balance (new home stock, waves of foreclosures, etc.).
Posted on 3/23/24 at 3:50 am to wutangfinancial
quote:Use your words.
No, because MBS rates aren’t affected by SOFR. That’s without considering builder profitability.
Posted on 3/23/24 at 1:12 pm to Big Scrub TX
quote:
This doesn't make sense. Home sales are low because supply of homes for sale is low - not because there aren't enough buyers
Supply is indeed low but why?
Supply is low because rates are high which smothers buyers and it sellers in place.
Supply is low because sellers would have to ditch their low rate mortgage for a higher rate mortgage.
The buyers that exist, awe’re either cash buyers or those that use a mortgage.
the ones that use a mortgage are most likely going to wait for that moment that rates come down.
This can be second home buyers, renters or people looking to change their location for whatever reason.
This post was edited on 3/23/24 at 2:27 pm
Posted on 3/23/24 at 1:42 pm to Zachary
quote:
Will the anticipated 3 rate cuts jump-start residential home sales this year?
People need to stop being idiots and spending stupidly. GF and I were buying a house last year, and we were competing against people that made maybe half of what we do combined. If you're making 100K, maybe you don't need a 450k house.
Posted on 3/23/24 at 2:09 pm to Jcorye1
quote:
GF and I were buying a house last year
If you don't want to marry her you don't need to buy a house with her.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News