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A drop in home prices, Shiller says, looks very possible.
Rocket Mortgage’s profits drop dramatically in Q2 2022
Mortgage rates surpass 5% again
It's called a mafia front. They are laundering money.
Fire sale in the condo complex next door in Tri Valley hood. Five signs went up almost overnight. I remember when I coulda bought one of those places cash for 80K, but was too nervous about overextending myself. They are half a million and above now.
zzyzzx says
A drop in home prices, Shiller says, looks very possible.
This really isn't a prediction. It's very possible we'll get hit by an astroid.
Shiller is okay at stats, but this isn't even a prediction. It's a maybe guess type play. And any moron that knows what interest rates are knows that housing is gonna slow down. There's nothing outside of hipster areas indicating a crash.
Any crash in housing would be employment created. We have boomers retiring. Employers cannot even find people that want to work. And many boomer kids have stayed with their parents, so they're not selling. In my opinion housing is fine or the foreseeable future in 90% of markets. A few might get beaten up and bring down the median and averages, but I see no doom coming. Aside from the feds doing a mega bump in rates, housing is pretty damn stable right now.
In Austin, at least 20% of all transaction in SFH are housing speculators.
1337irr says
In Austin, at least 20% of all transaction in SFH are housing speculators.
How do you get this data ? Is it through a real estate company source ? Or you check the county appraiser website or property records online ? I usually look at a neighborhood (i.e., home owners association) in my Florida county and check the appraiser website. If a home is not marked for homestead exemption then it is most likely a second home or rented.
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They think the suckers are still out there in droves.
How can a financial institution lend at rates lower than inflation? Fraudulent market?
3. Colorado Springs
Selling is stupid, only reason I'm selling my CA house is because I hate CA government and paying them property taxes. If I didn't hate them that passionately, I'd keep it as a rental and bank on appreciation which is huge.
On that note I move to SA in about 6 weeks. I'm going to rent at first and most of the houses in the area are owned and leased by Progress Residential. Same neighborhood as mine are.
OMG, big mistake but I don't have time to change it now and am interested in learning what people experience with my competition.
Nice house but I have to pay $15/month for a stupid smart lock (they use that to call it a smart home). I think the central air can be automated with my phone. There was a dumb $125 service fee. I've been dinged $35 twice for using a credit card to pay for stuff because they put artificial pre-payment deadlines and my bank still isn't connected via AHC. I'm going to be late because some more fees were not clear up front but I don't care. They'll have to push it out. I'm not doing that again. I have renters insurance but they will be charging me $17/month until I put their name on it.
The longest lease I've ever read in my life slanted hard t...
I don't see screened in back yards. Maybe there are less skeeters that far North?
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.