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at a time when the pool of potential buyers is going upUmmm.... Nope.https://www.bloomberg.com/news/articles/2022-08-09/home-listings-soar-in-cooling-us-housing-market Non Paywall:https://archive.ph/21zQB
at a time when the pool of potential buyers is going up
There's another reason to expect more inventory: Homebuilders currently have both a record number of homes under construction and a record number of unsold homes under construction. Those builders are already struggling to sell them. As those new abodes hit the market, it could see some regional housing markets get temporarily oversupplied.
Mortgage rates surpass 5% again
How can a financial institution lend at rates lower than inflation? Fraudulent market?
Weren't rates close to 6% at one point?
A drop in home prices, Shiller says, looks very possible.
Any crash in housing would be employment created
Rocket Mortgage’s profits drop dramatically in Q2 2022
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.
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.
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. .
They think the suckers are still out there in droves.
3. Colorado Springs