There are FAR FAR FAR less potential buyers now because of interest rates and yet inventory is SKYROCKETING because there are more and more home sellers every year. I'd estimate that months supply of homes will be above pre Covid Levels in Fall 2025 and there will be a MASSIVE OVERCORRECTION with home supply skyrocketing to record levels causing a MASSIVE HOUSING MARKET CRASH between 2026 and 2030.
April Active Listing Count by year.
April 2020 941,733
April 2021 434,633
April 2022 379,978
April 2023 562,966
April 2024 734,318
|
|
Results 1 to 6 of 6
-
05-26-2024, 02:35 AM #1Registered User
- Join Date: Jun 2004
- Posts: 10,589
- Rep Power: 26355
Housing Inventory SKYROCKETING, not far from pre covid levels now
Last edited by Sal29; 05-26-2024 at 02:42 AM.
White 18-24 year old fit virgins with no tattoos and no debt=GOAT Women.
-
05-26-2024, 02:50 AM #2Investing the difference
- Join Date: Feb 2013
- Location: East Coast, Australia
- Posts: 21,821
- Rep Power: 429460
LmaoOriginally Posted by Sal29
5 year interval
That’s quite the prediction
You realise people will have made millions in the property market in that timeBy reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.
AP4C
HTC
Repped by kimm into 200kcrew crew
-
05-26-2024, 03:10 AM #3It's not the gun, stupid.
- Join Date: Aug 2012
- Location: Newport, Rhode Island, United States
- Posts: 29,412
- Rep Power: 274279
People selling homes with interest payments they can't afford and no one able to buy.
Florida Crew as of 3/21
What part of "Shall Not Be Infringed" are you having trouble with?
Misc Firearms Crew
-
05-26-2024, 03:10 AM #4Registered User
- Join Date: Aug 2004
- Age: 44
- Posts: 12,400
- Rep Power: 37588
In English what does this mean? I just got approved for a house but I don’t want to live here. What do I do? My job is sketchy too. I’m ****ed
-
-
05-26-2024, 03:41 AM #5Zealot from the housetops
- Join Date: Jan 2011
- Posts: 1,876
- Rep Power: 50846
It's naive to think that supply and demand doesn't affect market prices. The real stat to look at is going to be mortgage delinquencies which are up but not that much...yet.
Right now, people will stay put even when they can't afford the home because it would cost more for them to rent. Mortgage lenders are doing modifications which are 'extend and pretend' which means they are taking the loan off the delinquency list for now and kicking the can down the road. That dynamic will change when more and more distressed sales come on the market and in tandem, rental prices will drop.
In Florida, I have seen tons of people get approved for modifications or partial claims without having to provide financial docs in many cases. The borrower soon after defaults on that trial mod.
When people buy homes with minimal down, they are already upside-down because if they sold, they would have transaction costs, but real estate prices are kinda sticky and don't change overnight. One thing we learned from the last housing crash circa 2008 is that negative equity is the primary reason for default. Fortunately, real estate prices never go down in value, right?6'5" 210 lbs, 10.9% body fat
Disagree with me, fine; but before calling me a fraudster click: https://forum.bodybuilding.com/showthread.php?t=185252663
Bodily exercise profits a little, but godliness is profitable unto all things.
-
05-26-2024, 03:41 AM #6Investing the difference
- Join Date: Feb 2013
- Location: East Coast, Australia
- Posts: 21,821
- Rep Power: 429460
By reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.
AP4C
HTC
Repped by kimm into 200kcrew crew
Bookmarks