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Most people are locked into low interest rates
The RTO clampdown is accelerating
Job Relocation, Divorce, Job Loss, Health & Death, and Retirement...
one usually keeps the house anyway.
The Demographic Crunch is coming and is unavoidable. IL has been experiencing net migration and population loss for years and years now; and the huge influx of migrants and illegals still results in a net loss.
That will decimate the national median which is the stat used to scare people and get clicks for media with no context to the story.
WookieMan says
That will decimate the national median which is the stat used to scare people and get clicks for media with no context to the story.
What does this mean? Can you explain this, please.
Ignore national median is all I'll say.
Where do we from here? Is this stagflation? I paid $16 for a sandwich yesterday. In Cleveland!
What are all the real estate agents, brokers, mortgage officers, home inspectors etc. doing and are going to be doing in the next few years? Layoffs in IT are happening and outsourcing is booming.
So, when do the wheels fall off?
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https://www.newsweek.com/us-housing-market-mirroring-2008-bubble-real-estate-analyst-2005520
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if it’s on a news it’s opposite of reality. news are always selling pump and dump schemes for the wealthy. they were screaming “buy now or price out forever” during actual bubble. and “it’ll never recover” when it collapsed. so that’s my opinion from life experience.
AD says
.
https://www.newsweek.com/us-housing-market-mirroring-2008-bubble-real-estate-analyst-2005520
.
if it’s on a news it’s opposite of reality. news are always selling pump and dump schemes for the wealthy. they were screaming “buy now or price out forever” during actual bubble. and “it’ll never recover” when it collapsed. so that’s my opinion from life experience.
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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.