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1
BayArea
2020 Sep 3, 8:43pm
BayArea
2020 Sep 3, 8:43pm
Ya I dunno...
Market is on fire here in the Bay Area
Work from home is making people want to get a more comfortable situation at home... bigger home bigger yard.
Market is on fire here in the Bay Area
Work from home is making people want to get a more comfortable situation at home... bigger home bigger yard.
2
RC2006
2020 Sep 3, 9:55pm
RC2006
2020 Sep 3, 9:55pm
Loans are not as easy to get like in the last crash, rents are much higher now.
3
Blue
2020 Sep 3, 10:13pm
RC2006 says
Still Taxpayers are on the hook for all the defaults.
Loans are not as easy to get like in the last crash, rents are much higher now.
Still Taxpayers are on the hook for all the defaults.
4
AD
2020 Sep 3, 11:01pm
AD
2020 Sep 3, 11:01pm
BayArea says
I was checking outer burbs like Walnut Creek, CA and they are all rated "cool" and not "hot" as far as real estate.
https://www.zillow.com/walnut-creek-ca/home-values/
Ya I dunno...
Market is on fire here in the Bay Area
Work from home is making people want to get a more comfortable situation at home... bigger home bigger yard.
I was checking outer burbs like Walnut Creek, CA and they are all rated "cool" and not "hot" as far as real estate.
https://www.zillow.com/walnut-creek-ca/home-values/
5
AD
2020 Sep 3, 11:47pm
AD
2020 Sep 3, 11:47pm
Also, that is why the Fed is buying up mortgage - backed securities (MBS). This was posted on another thread. The Fed is propping up housing market like it propped up the stock market.
*******************
https://www.newyorkfed.org/markets/ambs_operation_schedule
"The Desk plans to purchase a maximum of $57.8 billion in agency MBS reinvestment operations over the period beginning August 28, 2020 on FedTrade.
The next release of the tentative agency MBS operation schedule will be at 3 PM on Monday, September 14, 2020 for the period beginning September 15, 2020."
*******************
https://www.newyorkfed.org/markets/ambs_operation_schedule
"The Desk plans to purchase a maximum of $57.8 billion in agency MBS reinvestment operations over the period beginning August 28, 2020 on FedTrade.
The next release of the tentative agency MBS operation schedule will be at 3 PM on Monday, September 14, 2020 for the period beginning September 15, 2020."
6
BayArea
2020 Sep 4, 6:31am
BayArea
2020 Sep 4, 6:31am
ad says
Either the data is 3mo delayed or just plain wrong
I’ve been house shopping for the past 4mo (tri valley) and it’s a frenzy! None of my over asking offers have been accepted and from my experience, few houses are making it through the weekend...
BayArea saysYa I dunno...
Market is on fire here in the Bay Area
Work from home is making people want to get a more comfortable situation at home... bigger home bigger yard.
I was checking outer burbs like Walnut Creek, CA and they are all rated "cool" and not "hot" as far as real estate.
https://www.zillow.com/walnut-creek-ca/home-values/
Either the data is 3mo delayed or just plain wrong
I’ve been house shopping for the past 4mo (tri valley) and it’s a frenzy! None of my over asking offers have been accepted and from my experience, few houses are making it through the weekend...
7
WookieMan
2020 Sep 4, 8:19am
WookieMan
2020 Sep 4, 8:19am
BayArea says
I haven't checked the city lately (Chicago) but houses around me are selling relatively quickly and there's been more inventory but it sells. Prices are stable as well. Anecdotal and a small market, but it's mostly blue collar workers in my town and not a huge amount of professionals. Lots of hillbillies.
In IL at least, there hasn't been much building for 12 plus years. Population has declined, but plenty of millennials are aging into their buying years now. I think in places where there's limited new construction, prices can't really move much. There's simply not enough houses and demand is staying steady as these young adults start wanting to buy.
Either the data is 3mo delayed or just plain wrong
I haven't checked the city lately (Chicago) but houses around me are selling relatively quickly and there's been more inventory but it sells. Prices are stable as well. Anecdotal and a small market, but it's mostly blue collar workers in my town and not a huge amount of professionals. Lots of hillbillies.
In IL at least, there hasn't been much building for 12 plus years. Population has declined, but plenty of millennials are aging into their buying years now. I think in places where there's limited new construction, prices can't really move much. There's simply not enough houses and demand is staying steady as these young adults start wanting to buy.
9
AD
2020 Sep 4, 12:30pm
AD
2020 Sep 4, 12:30pm
Misc says
That's California's chief industry. Create and export white liberals to red and purple states. Then replace the white liberals with illegal immigrants.
That is why California is a sanctuary state.
..
Nothing a few million more illegals can't cure.
That's California's chief industry. Create and export white liberals to red and purple states. Then replace the white liberals with illegal immigrants.
That is why California is a sanctuary state.
..
10
EBGuy
2020 Sep 4, 1:19pm
BayArea says
It's an interesting situation. The median is the message. Sales are down, but transactions are skewing to the high end so the median is skyrocketing due to mix.
Current market prices have been driven higher by wealthy buyers snapping up more high-end homes, with relatively fewer, lower-priced starter homes selling, agents and economists say.
“It’s just a hot market,” said CoreLogic economist Selma Hepp. Buyers flocked to single family homes, seeking more space. Hepp attributed some of the growth in median prices to a pick up in sales of Bay Area homes going for more than $3 million.
As I mentioned on another thread, Ess Eff S&P Case-Shiller Home Price Index is down 0.6% month to month.
Market is on fire here in the Bay Area
It's an interesting situation. The median is the message. Sales are down, but transactions are skewing to the high end so the median is skyrocketing due to mix.
Current market prices have been driven higher by wealthy buyers snapping up more high-end homes, with relatively fewer, lower-priced starter homes selling, agents and economists say.
“It’s just a hot market,” said CoreLogic economist Selma Hepp. Buyers flocked to single family homes, seeking more space. Hepp attributed some of the growth in median prices to a pick up in sales of Bay Area homes going for more than $3 million.
As I mentioned on another thread, Ess Eff S&P Case-Shiller Home Price Index is down 0.6% month to month.
11
Ceffer
2020 Sep 4, 1:25pm
Ceffer
2020 Sep 4, 1:25pm
I think Texas is a sanctuary state for fucked up Californians bailing out of the shit holes they created with their liberal voting patterns. They wanted KommieKunts to ease their bizarre manufactured guilt, they got KommieKunts. I guess they are KommieKunting Texas now. You already hear people mourning the loss of downtown Austin compared to what it used to be.
www.youtube.com/embed/UzONNmV8_eA