With 7% rates projected to stick around for another few years, this doesn't show any signs of stopping.
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03-27-2024, 08:47 AM #1
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03-27-2024, 08:48 AM #2
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03-27-2024, 08:48 AM #3
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Just like this incoming market dump?
https://forum.bodybuilding.com/showt...hp?t=185094433MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew
RIP YGST
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03-27-2024, 08:49 AM #4
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03-27-2024, 08:51 AM #5
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Just like Bitcoin dumping going to 5k
https://forum.bodybuilding.com/showt...hp?t=184809033* Tennessee Titans* * St. Louis Cards*
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03-27-2024, 08:55 AM #6
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03-27-2024, 08:57 AM #7
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Looks like they peaked and are now pulling back to a more reasonable level to what they should be (like literally everything does). Just look at the growth slope of what would be a potential trend line prior to the spike on the graph you posted. Looks like a pullback to something along 375k is at least reasonable.
Also lol @ technical analysis about rates.MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew
RIP YGST
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03-27-2024, 08:58 AM #8
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03-27-2024, 08:58 AM #9
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03-27-2024, 09:00 AM #10
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03-27-2024, 09:01 AM #11
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I think they'll resist a continued trend down. bought my latest house in 2021 when rates were 2.99%. Things have continued to go up from there because of all the money on the sidelines and still general home shortage. As prices and rates creep back down in the foreseeable future, things will become more "affordable" again. So the demand isnt really doing to dump hard. MHO.
MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew
RIP YGST
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03-27-2024, 09:02 AM #12
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03-27-2024, 09:02 AM #13
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03-27-2024, 09:03 AM #14
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03-27-2024, 09:05 AM #15
The fed is already doing sneaky QE right to the ((banks)) while keeping it off their balance sheet, although it would probably take a huge and sudden uptick in unemployment (which is already way higher than reported due to layoffs and bs numbers) for them to cut rates and then all bets are off
They’ll never stop spending though, and the treasury is sneakily fking the fed and will force them to cut rates eventually
It’s over for merica ded srsCoincel
Florida crew (lol at coldcels)
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03-27-2024, 09:06 AM #16
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03-27-2024, 09:09 AM #17
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03-27-2024, 09:13 AM #18
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03-27-2024, 09:13 AM #19
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03-27-2024, 09:14 AM #20
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03-27-2024, 09:15 AM #21
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You're the one who continually posts full retard financial takes and then seems surprised when i mention something like "theres more to look at than one chart." Then all you want is...another chart...
Come on bruh...maybe just unpack my previous post in your brain a little bit.
But this explains your current trend of "hurr derr" finance related posts.MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew
RIP YGST
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03-27-2024, 09:15 AM #22
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03-27-2024, 09:18 AM #23
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03-27-2024, 09:19 AM #24
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03-27-2024, 09:20 AM #25
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03-27-2024, 09:22 AM #26
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Here’s one table by region
https://fred.stlouisfed.org/release/...85#snid=206087
I don’t know if there’s enough data in these to say much though, need to break this out as benchmark prices for certain types of properties. Like condo vs detached single family, etc
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03-27-2024, 09:27 AM #27
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03-27-2024, 09:28 AM #28
There's a perfect storm for multiple massive housing market crashes for the next 25 years.
Rents are in freefall, New Home Prices are in freefall, over 50% of all homes are owned by the Silent Generation, Greatest Generation, and Boomers, over 70% of people that inherent homes sell immediately, the marriage rate is the lowest ever, and the birth rate is the lowest ever and has been in freefall for decades. Anyone that disputes the facts I mentioned in the non bold part of my post is inhaling copious amounts of Pharmaceutical Grade Super Copium.White 18-24 year old fit virgins with no tattoos and no debt=GOAT Women.
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03-27-2024, 09:36 AM #29
Homebuilders have been in huge expansion mode AND offering rate buydowns to motivate potential buyers. Owners of existing homes aren't listing their homes for sale, so homebuilders are overbuilding. Oversupply = lower prices. New homes in a normal market are usually 10% of home purchases, but they've been 30% for awhile. So even though they're selling at an unusually high clip new homes are still in oversupply, which tells you just how much homebuilders are building. A LOT.
Inventory of existing homes, nationwide = 3 months
Inventory of new homes, nationwide = 8.5 months
-6 months has always been been the guidance between a seller vs buyer's market
And I suspect some of the decrease in new home prices is WHAT homes are being built. Less single family, more townhomes, which are cheaper.Light weight! Light weight baby!!!!
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03-27-2024, 09:39 AM #30
Ok, so we are experiencing a minor correction in the real estate market. Perfectly normal. If things pull back to the 330K range on that chart we'll be about right where we should be.
I hope so. I've been hoping to scoop up about 10 rental homes or so prior to retirement. Even if there is a crash rentcucks won't be able to afford homes.
I doubt it happens but if it does I'll be waiting.
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