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https://wolfstreet.com/2025/01/12/the-most-splendid-housing-bubbles-in-america-dec-2024-in-21-of-the-33-metros-prices-have-now-dropped-below-2022-peaks/
How will the LA fires affect Bay Area house prices?
On the one hand, maybe a lot of the displaced people will move up here, pushing prices up.
https://www.resiclubanalytics.com/p/housing-market-where-inventory-is-above-pre-pandemic-housing-inventory-levels
9 states are back above pre-pandemic housing inventory levels—these 5 states are getting close
In its National Delinquency Survey, the Mortgage Bankers Association reported in the first quarter of 2024 that almost 11% of FHA-insured loans were delinquent (along with nearly 5% of all VA loans).
What President Trump can do is attack the biggest monthly outlay for citizens that he knows well: real estate. He can do this by reducing demand with massive deportations, which will act like a quick depopulation. Doubters need only look across the globe for proof this works.
Housing takes up roughly one third of Americans’ paychecks if not more. Deportations will affect demand especially in cities. When population declines, the demand for housing decreases, which can lead to a drop in housing prices. Japan serves as a proof positive example of this phenomenon. Over the past few decades, Japan has experienced a shrinking population and stagnant housing demand, creating lower housing costs in many regions. Looking at Japan's housing market statistics and demographic trends, we can see how population decline (in the form of mass deportations) can lead to more affordable housing. ...
If Trump deports a million illegals, many more will self-deport. This pulls demand down for housing across the nation. ...
Eggs, chicken and milk a dollar here and there does add up. Seeing rent drop $100-500 a month will make fluctuations in groceries look like peanuts. We know the birthrates have been low since 2008, so there is not a flood of youngsters coming up to bid up apartments.
https://wolfstreet.com/2025/01/12/the-most-splendid-housing-bubbles-in-america-dec-2024-in-21-of-the-33-metros-prices-have-now-dropped-below-2022-peaks/
Even if prices were to go down, assessments and taxes have skyrocketed.
preed says
Even if prices were to go down, assessments and taxes have skyrocketed.
Contradiction right there.
Not really, as what happened in my area. The real estate assessments were significantly raised based on house appreciation over the last two years, even though house prices now are starting to decrease.
You still don't get the contradiction.
Average Homeloan Buyer age climbs to 56
By age 56, one should own the home outright.
AmericanKulak says
Average Homeloan Buyer age climbs to 56
By age 56, one should own the home outright.
I'm far from 56 but with couple of decades left on my 2.15% mortgage I sure as shit won't own my house outright by that age. Because paying down loan this cheap would be stoopid.
Without a price (not rate) collapse, the people who can afford to buy at current prices will be over 60.
Get ready for the demo-driven crunch. Even if Trump deports 10M
AD says
illegal immigrants as they likely live 4 persons to one bedroom
Prince William County
I am not sure about the housing supply impact as far as deporting the criminal category among illegal immigrants as they likely live 4 persons to one bedroom, and likely in low cost housing.
Median First Time buyer age climbs to 38, all time high
Average Homeloan Buyer age climbs to 56
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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.