When will housing see its next 30% decrease?
2023 Sep 12, 9:56pm 1,664 views 35 comments
I am in favor of Patrick bringing back the bubble icon with the needle. I feel like we are near 2008 prices and something has to give. High interest rates along with low inventory in 2023 have replaced shadow inventory of 2008 and discussions on ARM loans of Gram Leach Bliley. When will prices drop 30% similar to 2012 prices and when will rates drop below 4% again so we can have another buying frenzy?
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32
GNL
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2024 Jun 1, 10:14am
GNL
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2024 Jun 1, 10:14am
I had a phone call with one of my Realtor clients yesterday. She's located in Alexandria Va. She said...
1. Realtors are paid way too much
2. She made $40,000 on her last listing and only spent 30 hours in total on it.
3. Her last listing was owned for 6 months at the purchase price of $1,475,000. It just sold for $1,750,000.
1. Realtors are paid way too much
2. She made $40,000 on her last listing and only spent 30 hours in total on it.
3. Her last listing was owned for 6 months at the purchase price of $1,475,000. It just sold for $1,750,000.
33
MolotovCocktail
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2024 Jun 1, 2:58pm
MolotovCocktail
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2024 Jun 1, 2:58pm
GNL says
Money spent 'in Ukraine'.
I had a phone call with one of my Realtor clients yesterday. She's located in Alexandria Va. She said...
1. Realtors are paid way too much
2. She made $40,000 on her last listing and only spent 30 hours in total on it.
3. Her last listing was owned for 6 months at the purchase price of $1,475,000. It just sold for $1,750,000.
Money spent 'in Ukraine'.
35
AD
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2024 Jun 2, 12:16am
AD
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2024 Jun 2, 12:16am
Onvacation says
That equates to a 5% increase overall. I assume that realistically would be over at least a 4 or 5 year period.
And that would result in negative real growth of housing prices since the historical appreciation rate for home values is around 4% annually.
Household income would grow about 2 to 3% annually, so at least income would catch up with housing prices.
Calculation for this post: 1 x 1.5 x 0.7 = 1.05
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Broadway_Sam says
When will housing see its next 30% decrease?
After it rises another 50%.
That equates to a 5% increase overall. I assume that realistically would be over at least a 4 or 5 year period.
And that would result in negative real growth of housing prices since the historical appreciation rate for home values is around 4% annually.
Household income would grow about 2 to 3% annually, so at least income would catch up with housing prices.
Calculation for this post: 1 x 1.5 x 0.7 = 1.05
.
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