#realestate #homeprices #homeprices
Tim Rood – SitusAMC Managing Director and former Chairman of The Collingwood Group, joined Yahoo Finance’s Adam Shapiro and Seana Smith to discuss the booming housing market.
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![Elizabeth Holmes: The 'Valley of Hype' behind the rise and fall of Theranos [documentary]](https://iml-jp.com/wp-content/uploads/2021/08/Elizabeth-Holmes-The-Valley-of-Hype-behind-the-rise-and-fall-of-Theranos-documentary.jpg)
Values? Prices my corrupt friend prices!😂
*Moscow, ID Housing Prices Crater 21% YOY As Falling Prices Blanket Idaho*
@Tim Gautier There you go again… taking falling housing prices personal.
*Redmond, WA Housing Prices Crater 17% YOY As Construction Costs Slip Under $50 Per Square Foot*
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As long as the real estatists can convince the waning pool of buyers the prices will just keep going up, buyers will keep buying. The feigned sympathy for buyers is a vulture’s smile: “buy” they say. Don’t believe it. They won’t be the ones paying the mortgage.
Prices will never return. With low rates, which we will have forever, means higher asset prices. It’s really simple. You can go get a more expensive house for cheaper because of the rates. This caused a correction. Which is why houses flew up
Not to mention, soaring lumber prices and homes not being built due to the pandemic, its easy to see why it could keep going
I agree
@Sosa Kinkos are you in the real estate business? perhaps a realtor? lol
Prices of everything is going to skyrocket, it’s call hyperinflation and that’s what the genius at the federal reserve had planned this for our country. They will try to make excuses and say it’s because of inflation or something else is causing this… oh please. Americans are fighting over each other for goods and services, have to ask themselves why are there lack of supply and services. That’s what happens when you print money out of thin air. Easy monetary policy, money printing never ends well. The government is giving away money and incentives for people to not work, and not provide any goods and services, so we have no supply and lots of printed money from the fed and high demand. It’s not good. There is going to be a movie just talking about the federal reserve in the future.
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inflation
We are in a housing bubble again. The idiots who think the music will not stop are deluded.
*Arrington, TN Housing Prices Crater 15% YOY As Rural Land And Housing Prices Plummet*
*Arrington, TN Housing Prices Crater 15% YOY As Rural Land And Housing Prices Plummet*
“ANY TIME SOON” 12 MONTHS TOPS…..
🤣 right tell em
*San Francisco, CA Housing Prices Crater 18% YOY As Surging Inventory And Plunging Demand Blankets California*
Demand is plunging in California? Why do I keep getting several unsolicited offers everyday for my properties?
@PJF Falling prices would bother me if I were on the losing side like you.
*San Francisco, CA Housing Prices Crater 18% YOY As Surging Inventory And Plunging Demand Blankets California*
@Crater Tube 🤣 they don’t like facts keep telling them
@Dom Dee 😆👍
Oh I know people will all be able to afford huge house payments and don’t forget huge property taxes and insurance people will all need huge raises in pay also not everyone is a doctor and lawyer
And programmers and engineers… somehow people always miss these fields while they are the ones who are raising prices not doctors and lawyers as much.
The right time to buy a home is when you can get one, but more importantly, when you can afford one. I never impulse buy anything because of fear that this is the best and only time to buy (a common talking point with realtors)
I wait until I get a new phone offer I want rather then actively shop for a new phone.
No its not. Even if u could afford, why buy at a potential peak.
@dobattlers not a good time to buy at all you’re right
This is definitely going to end well
Prices will only plateau, not crash. Too much demand.
@Coinster What do you think will happen to the popularity of negative gearing, and with it demand, when there is no longer capital growth?
@gloriousholy There will always be international investors willing to park their money in real estate.
@Coinster what about when them interest go to back to reality ?
@Dom Dee That won’t be this year. Interest rates will slowly rise and home prices will just cool off and plateau. Maybe slight pullback on house prices, but not severe.
I made 15 offers..no luck…just contracted on a new build..gonna take 6 months to build..I plan on selling as soon as I close on it…gonna cash in hopefully!!
People are closing now in the neighborhood that signed their contracts 6 months ago….the neighborhood is being built…..
@Curtis Rowell I’ve been hearing a lot about builders canceling contracts. So don’t be too confident. If lumber continues to fall then you’re probably ok.
@Ryan Kane got ya
@Ryan Kane I have heard some builders are raising the price of their home for some folks who have contracted already. I spoke with my builder and they said they will never do this…obviously things can change…we shall see
@Isaac Dinger lol what. Short term cap gains is simply tax on the profit. The math means it will never be more than your profit wtf lol.
This is called housing inflation. Cost of building materials go up so does the price. Inflation devalue dollars purchasing power, hence, existing house cost more each year. This is all thanks to our friend inflation. Housing price doesn’t go up rather Dollar value goes down.
Demand is just a little above normal, less than 10% higher. The story is supply…extremely low. If you only listen to the hype…multiple offers…over asking…you won’t understand the market. This hype video only adds to the lack of understanding.
Why won’t they talk about why the prices are surging because the private equity firms are buying all the new houses up and renting them out. And why aren’t they talking how these people buying above value are getting loans from non bank lenders.
Interesting… do you have any sources where we can see this data?
to the moon🚀🚀🚀 maybe i’ll retire young.. well, middle aged.
Stop lying. Housing is in crash.
@Robin Bobin Rubbish, you’re making it all up.
@PJF Yeah, İ made up the Great Depression and my real name is Mark Twain. Go buy a house but I suspect you a r.e. agent.
@Eddie True it was on fire in 2007 too dummy
@Dom Dee wtf is your point? I was responding to the op who said its “crashing”
@Eddie True My point is California was on fire in 2007 too, look what happened after that. It don’t last forever.
Miami is a garbage city, dirty and empty.
This propaganda paid by banks and realtors.
*Denver, CO Housing Prices Crater 17% As Subprime Mortgage Defaults Blanket State*
there is no subprime mortages anymore, it is still very hard to get a mortgage just as it was after crash in 2009.
@CTdlax1 Nope. 90%+ of all mortgages since 2011 are in fact subprime.
@In Your Empty Skull based on what ? I write mortgages for a living, same rules that went into place in 2009 are still in place today. Nothing changed in 2011. It is quite hard to get a mortgage as it should be
@CTdlax1 What a coincidence!… so do I.
90%+ of all mortgages since 2011 are in fact subprime.
People are going to be underwater for decades
Greed is rampant.
Facts
House prices to the moon.
Same people that are pouring gasoline into plastic bags and hoarding toilet paper are the same people panic buying homes causing home prices to higher and higher each day.
I don’t think so.
@Just Doit 😉
Umm no.
The squealing peru interestingly cough because litter intracellularly boast near a adorable clerk. near, black-and-white frown
The end is near 🛎
Shame shame
Is anyone paying any attention to the number of big corporations filing BK and the unemployment / income rate? And the fact that our government no longer has the FIAT currency, in addition to the fact that they’re handing out cash hand over fist? What do we think is going to happen here? Sure, there’s a short term low supply and high demand but how long do we think this is going to last?
80% under contract in first YEAR!! that is amazing.
The “everything” bubble will blow soon and it won’t be pretty but it will be the buying opportunity of a century.
You got that right tell these fools!!
Nah housing will just keep going up, $1m starter homes will be here in 5 years
@CTdlax1 nope, forbearance is ending , forclosiers will dump onto the market,,houses that have recently sold at inflated prices will be upside down and the new builds will be way overpriced and builders will be left holding the bag….boom there it is
@O9r Geronimo ok let’s see what happens, there is a reason all of the largest hedge funds and PE firms are buying as much real estate as they possibly can right now, 5 more years of run
Foreclosures are increasing, the economy is tanking, mortgage rates are going up. Housing market will crash soon!
*Redmond, WA Housing Prices Crater 17% YOY As Double Digit Price Declines Blanket Washington State*
Oh it will history repeats not fooled
Fed stole our money through inflation!
You didn’t have any to begin with.
dont wish for housing bubble….no more happen…the house market will go up more for coming years… buy the house now or too late…dont listen to people that scare you to buy the house…
Are you sure?😂
*Redmond, WA Housing Prices Crater 17% YOY As Double Digit Price Declines Blanket Washington State*
you’re high
You should buy a house but i wouldnt? What kind of shill advice is that?
Same issues here in Canada best thing to do is leave! Why fight with rising home prices and stagnant wages? In the end it’s little guys who lose
Did he just say “buy” ??? His advice is good as my trash.
If u find a property for sale just buy it, the location and condition does not matter
sounds about right
Where in New York are home prices falling??? I am not sure where you guys getting this data from because it’s not the MLS ..
Yeah buy into an inflated market great advice lol…. the housing market just like anything else has always been up and down what goes up at some point had to come down or correct. Just save up and wait to buy. Not that hard to figure out.
Enjoy watching your savings dissappear from the coming inflation.
@Austin Lewis Invest $$$
@Dom Dee into real assets yes
@Austin Lewis with inflation the interest rates go up too smarty pants then goes down your inflated home value. Sell while you still can.
@Dom Dee either save your money and watch your savjng diminish by inflation or hedge with a house as the fed prints itself into a never ending bubble. No sign of them raising rates anytime soon. Were In clown times and stagflation is here.
As soon as this bubble blows up. The same people will find a reason to blame trump.
Excuse me sir but urban centers that offer everything except LAW AND ORDER
And they are all coming from the worse states…..
Sell now
Yep!! Tell em!!
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Buy NOW. Economists are predicting the median house price to rise to $400,000 in January 2022. Today’s prices will look like bargains next year.
Are you sure?😂
*Dallas, TX Housing Prices Crater 16% On Soaring Housing Inventory And Plunging Demand*
@Crushing Housing Losses tell em facts are facts people think this will climb forever nope the crash is around the corner
Justttttt wait there’s no rush eventually things will correct and if it doesn’t oh well you just won’t own a house get over it
This is a load of bullshit. Corporate investors and oligarch funny money are buying housing. Fucking China will own more American housing than Americans will. Everything is for sale in the U.S. Everything.
Why buy a house when prices are plunging? Rent a house for half the monthly cost and buy it later after prices crater for 70% less.
It would seem that when interest rates rise sufficiently, the demand for housing will go down. At that point, if someone has a non-fixed rate mortgage, they will be in a very bad situation.
Factsssss
Nah,the ending of forbearance is what’s gonna change everything.
Current inventory could quadruple overnight and be instantly swallowed up by the demand in the market right now, look at the numbers
millennials cashing out on their crypto gains! LETS GOOOOOO
*Dallas, TX Housing Prices Crater 16% On Soaring Housing Inventory And Plunging Demand*
No we dont need it to moderate. we need it to come back down. A market is not healthy when people cant afford anything. housing to appreciate 22% in a year is not natural.
Yeah right… Once the forbearance period is over and lenders will go after all types of loans.. Values will go DOWN. It is just a matter of time.
Housing prices will go down as soon as the fed stops the forbearance program, it is estimated that there are over 3 million people who are past 90 days without making a payment, more so it would not be realistic to suggest that there are more than 6 million people who have not payed there home payment for at least 9 months, When (not if) the federal forbearance program ends the banks will foreclose on a lot of homes. Now think about this even if 1/3 of all the forbearance program homes are suddenly put on the market in a 6 month time frame it would cause housing prices and values to drop like a Chinese rocket. This would also have very big problems for people who over paid for a new home now these people will be upside down on there loans and there will be no rescue like there was in 2008. My advice is very old advice but still holds true today two pieces of advice 1, if it sounds to good to be true then it is not. 2. listen to your gut if it is telling you not to buy then do not buy just wait. in one year we will have a better snap shot of the U.S. economy and the housing market and then you can make your move. but if you have already purchase a home above asking price, then here is what you do take the asking price and remove 10% this is what the max. your home is worth after the housing crash that is coming in 2021 or by 2022. Patients is a virtue Thanks for reading and good luck
Ask yourself this one question , Why has the banks and loan institutions not complaining about not getting paid for the past year. (the forbearance program started in March of 2020) and the answer is simple the longer the forbearance program goes on the more money the banks will make when they foreclose on your property
I am surprised that non of these so called experts have mentioned anything about the Federal Forbearance program and the fact that over 3 million home owners have not paid there house payment in over a year, Compounded by the fact that when the Fed stops the forbearance program over 3 million home owners will be at risk of losing there homes. I am not sure but it seems pretty straight forward. Am I missing something here. Let me know if I am
Your right ,the elephant in the room nobody wants to talk about.,once forbearance is over, a ton of houses will go into forclosier. To be frank,after these homes hit the market, (and it will be imeadiant.) All the overpriced homes will be upside down .also all the new builds will be basically scuttled bc they are so overpriced .
@O9r Geronimo Thank you for your comment that was what I thought as well. But it does seem strange that no one is talking about this, but maybe it is to keep the hot market going and not discourage new buyers
Forbearance tsunami coming!
Prices went up, not values.
Close to 50% of working Americans are in low wage jobs. Something smells very fishy in this ludicrous housing market. It ain’t gonna last.
There is no crisis… in falling housing prices.
*Aiea, Hawaii Housing Prices Crater 27% YOY As Vacation And Retirement Property Demand Collapses*