#Housing
DLB Financial Services CEO Debbie Boyd sits down with Yahoo Finance Live’s Bradley Smith to discuss data on rising home prices for the month of January, how potential tenants are buying or renting, ways to save for homebuying, and the Fed’s interest rate hikes.
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Lol “it’s not a bubble”
Lol “there is no CRASH”
“It’s different this time.”
rates are gonna self regulate, okie dookie
32% markets have huge wall street buyers
Soooo do I buy within the next year or not?
Youre still able to?
Anything after 2025
@RIghteous hopium?
@Anthony Villanueva Hardcore date shows the housing market crash started in the 3rd quarter of last year. While it’s impossible to precisely predict a crash, data shows the housing market caving in the summertime specifically June.
that depends if you want to sit on your homes for more then a decade to rebound the $$$ your gonna lose if you sell before the rebound. in some markets you may lose 100,000s $
The airhead is waffling.
“So its really a great time to move your money around in different events…” Never mind the millions of young American families who will be unable to afford a home. Disgusting to put a positive spin on this.
To those who will and those who won’t.
To sell your house you’ve got to have somewhere to move? No, to sell your house you’ve got to have someone to buy it.
She’s partially right, we want to sell our house but holding off because there are no nice house to buy. If there is a nice house it sells after a few days. It’s different for everyone I supposed.
I’m actively selling my house in jacksonville right now. Making about 130k in profit .. was planning on buying a home in tampa.. the way things are they are so over priced and insane.. I can buy a 400k home in the hood right now with a 2200 a month mortgage.. or go on airbnb for 30 days at a time and pay 1300 with zero liability and sit on my cash.. this is literally what I’m doing right now.. if I have to wait 2 years so be it.. I won’t have a 400k, 800 sq ft house in the hood like people are buying right now.. in fact I’m looking at this as an opportunity to move around while I’m waiting for the market to improve. If I want to go to Boston for a month on an airbnb I will.. if I’m bored and want to check somewhere else out I will.. things have changed, you’re right you no longer need something lined up.
@Zach Why sell the house in Jacksonville? Keep it, rent it out, let the tenants make the mortgage and let that investment grow. Find another way to move around for some adventure. A HELOC and rent it out???
@eckankar I don’t want to deal with being 3.5 hours away and having to deal with Tenants and issues. I know i can use a 3rd party service to take care of issues for 10% but I’m good.. the goal is to get place in tampa now that will rent easy so in 2 years I can move into a second place down there.. basically that’s what I was going to do in Jacksonville but now just gonna do it in tampa.. I’m still happy to take my 130k profit and invest some of that into other things as well
This is the stupidest interview I’ve heard.
“It’s not a bubble, dont wait…”
(Lets see how this ages).
She’s living in a bubble
It’s a classic bubble.
This lady has no idea how rates affect real estate markets. 🤦♂🤦♂
I bet she is an actual “EXPERT” and I can see you are the one who doesn’t know how affects real estate market. 🙄
@Shawn Crabtree Her saying interest rates does effect people moving (buying) is completely inaccurate. Another example of experts not really being an expert.
It’s not a bubble? This lady is obviosly living in a bubble.
@eckankar When the market peaks so high that you can’t replace what you sell and the amount of qualified buyers diminish, the selling will come to a halt. That will cause more people to stop buying which will drive the prices down. That will create a panic causing more people trying to get rid of some inventory which will drive the prices even further down. It’s economics 101 for you.
@Emil G Nobody is trying to get rid of their US dollar reserves. Stop watching Alex Jones videos.
@Blue Rabbit The problem with your theory is that currently we are short 5 million homes in the USA, more shortages in other countries. Scant building the past 14 years, supply chain challenges, retired skilled craftsmen, quality labor shortage in building industry, REITs, population growth in lower income bracket, built to rent communities there is not going to be a supply to surpass the demand of buyers in years. Poor renters…yes, there were be massive poor renters, but they don’t pay the bills for property sellers.
@eckankar the problem with your theory is there isnt a permanent shortage until homes are built at least not in western u.s. Half the homes in certain regions are owned by investors not citizens as soon as they dump there is trouble you see homes arent in short supply cause our population is to large. It really is bad if you think about it if a crisis/ crash does not happen then it has no excuse to crash in the next few decades i cant the chances of a worse case toppled with war and a 100 yr pandemic
@Wendy Patrick The investors have no plans on dumping their glutton of homes they’ve purchased for rental units. By law the REIT companies have to pay out up to 90% of their profits to investors as dividends. Do you think investors are going to allow that income to stop? Currently building is slow with the supply chain and what is built is more pricy. Many new developments are for rent only communities, by me there are 4,000 new single family homes being built but all for rent, not for sale. This is a while new animal we’ve got to deal with now.
Per real estate professional sources already new homes are falling apart as the skilled craftsmen have retired leaving newer untrained laborers. Foundations of new homes crumbling as the cement mixed improperly. Are newer homes going to be worth anything in 10 years? This is a major dilemma that we’ve not experienced in the past.
Typical money stealer realtor smile…
Not a bubble … 🤣🤣🤣 rofl…
This lady is a crack
“It’s not a bubble….” She’s humping the FOMO for as long as she can.
Do not listen to this lady. She straight up said that rising house prices are not going to stop people from moving.
She clearly lacks an understanding of economics. It would be pretty easy to find quantitative and anecdotal evidence to reject these claims
Everyone gets a bailout since 2008 equals hyperinflation,,,,,everyone has known since 2008 game is over for USA residents
Should be illegal to accept offers with no appraisal contingency.
The literal definition of value is what someone is willing and ABLE to pay – if someone wants to pay cash and way overpay then that’s the value sadly
@Krassimir Petrov That’s where the wild Wild West went wrong. If you only have a smaller percentage of entities able to pay all cash, that constitutes discrimination. The laws need revision and it’s coming soon. Best of luck.
There is going to be a crash. This is an insane video.
@Zo 🌻 sounds like you weren’t given very sound financial advice when you initially purchased.
@Zo 🌻 “you cannot barely afford”?
Lies again? PS4 Chinese
Im highly incline to believe this will stay for a while..
Why
Sometimes folks just have to face the thought of moving to another area where homes are more reasonable. Hint: Try OLD Bullhead City, Arizona. You can STILL buy a mobile home of your own for only $100,000. That’s right, only one hundred thousand, AND that includes the land it sits on, approx. 50’x100’. Seriously, you have the Colorado River a mere walking distance away, with nine gambling casinos on the river bank across the river in Laughlin, Nevada. And we’re only 90 miles south of Vegas. Water taxi’s move people from one casino to the other, for those who don’t drive. There’s plenty of water sports (fishing, jet skies, etc.) and the best Springtime in the nation, IMO.
Kingman also has some mobile homes with the lot for $100K . I see where someone bought several for less than $40K in the past 6 months and now flipping them for $100K . Still, a deal since you own the lot, too.
I prefer a home near friends and family rather than casinos. Those casinos will probably cost you more than a decent permenant house in a couple of decades, maybe less time.
@J K Casinos and the River sports attract millions of tourists each year. Your family can have a nice place to visit you at.
@Art Taggerryeah, I prefer to visit a casino as a tourist, not living nearby. I don’t know if I can control myself or deal with bums that got gambling issues. My experience with casinos in Illinois is that neighborhood or schools are never really desirable.
@J K I understand your feelings, I use to feel that way, but I feel this area has more to offer than Vegas or other gambling areas because only the Bullhead side can grow a lot larger do to limited water rights for Laughlin. Water sports are becoming the tourist attraction rather than gambling.
mortgage rates will definitely go up with each rate hike.
Who cares ? If I put a house up for sale then not only will I get multiple offers with many if not most for ALL CASH.
@hoapres try that today, and see what happens. You are living in the past.
@Anupam Vivek That person is not wrong…houses in hot markets like TN are getting multiple over ask prices still
She’s right on every subject. You may not like what she has to say but it’s the truth. The “bubble” of the Great Recession is NOT the situation we are in now. Nope, at all. And I say that as someone who lost their home when that bubble burst. Also, I remember when my parents and older family members told me about THEIR interest rates being in the double digits for home buying; I was too little and don’t know anything about it other than people kept buying because they needed to (she says that). Many are still being transferred by their job and MUST work on site due to their profession (DH and I can NOT work remote) so buying a house is something we are finally doing (after working at it for almost 2 years). You have to change your idea of your dream and learn to settle for what there is…..that’s the way it is now. Sucks but that’s life.
It’s the same bubble…. except many times larger.
@Senior Housing Analyst No, it isn’t. It is, however, a great way to whip up the frenzy and get views. There is far far more to the “why’s” but no one want to hear it or take the time to understand it. Welcome to our society today.
@L Jay of course it is my good friend of course it is.;)
*Tampa, FL Housing Prices Crater 19% YOY As Defective Mortgages Fail Across US*
perfect storm to crash that’s what
It’s not a bubble because a LOT of houses are bought for ALL CASH.
The funny thing is the 3 hottest markets now are eerily similar to the top hottest markets in 08
Also all overbuilt. Again.
Real Estate is in an epic super bubble.. of course Realtors will always say it’s a good time to buy 🤣 I’ve been around long enough to know that this is the classic pre-bubble talk, it all comes crashing down eventually….
@Emanuele Sortino either that 3BR house is in one of the most expensive areas of the country, or you guys are working for the wrong employers that aren’t paying you guys enough. Or, maybe you guys are at the infancy of your careers, and you’re going to receive substantial salaries in a few years. Either way, it’s not so much the price of homes, as it is the devaluation of the dollar. The dollar goes down in value, prices go up if the asset itself didn’t lose value, and how much it goes up depends on how much the dollar goes down. 50% of all money in circulation was created in the past two years, so think of devaluation on that level. Not good, and will cause hyper inflation. They’ve been adjusting CPI in a creative way since the 1980s to make things seem softer than they are at times, and inflation is a lot higher than the 7.5% they claim. Match that with record low supply and the highest ever demand, and now value is added. It’s several factors causing prices to move up, and I doubt they’ll come down anytime in the near future. I don’t think homes will ever be lower than they are now, and if they do, it will not be much lower, at least for the majority of the country. Some homes are going for utterly ridiculous prices because they can get it, and some of those homes will fall in price, but for most very established areas that did not surge 80%-100% in 2-3 years, but rather see 40% increases over 3 years, I believe those prices will stick, and even rise 5%-10% more until at least 2023.
@Jesse we are earning in the range of half million dollars combined. but it’s IMPOSSIBLE that somebody like me with a 6 figure salary, no school debt, cannot afford to buy a house in freaking Boise, ID.
and my wife, correctly says: this house is not worthy 600K so we won’t buy here.
it’s simple. no absurd estimations.
the house market has to crash in the next 18 months. it’s not sustained by the salaries.
@Blue Rabbit Canada and Europe also printed a lot of stimulus money, which weakened the valuation of their currency as well. China did not create nearly as much stimulus, and their inflation rates remained low. Rather than insulting people, and accusing them they that their full of it, maybe you should take the time to educate yourself.
GOD loves you enough to send HIS only SON to save you and if you repent and turn from your sins and be baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT. ((if you haven’t )
She says it’s not a bubble, yeah right.
look at this if people don’t have a money to buy u can talk all-day long about prices and in the end bubble is going to phew
There used to be no “30 yr mortgages” to further inflate the bubble they created it. I suspect we’ll see a “50 yr mortgage” being presented if there isn’t deflationary pressure. Full disclosure I have no intent on buying a home(maybe a tiny home or decked out off-grid Cybertruck) I just enjoy keeping up with different aspects of the economy and markets.
and cash soon enough will be worthless
“A lot of people aren’t doing the trades” Yup, they’d rather study Soc in College or another low-paid major. Let’s KILL the student loan program for colleges NOW!
“You will own nothing and be happy” Capitalism 2030
Federal reserve is to blame for the current mega bubble is housing in the United States today. It’s called easy money policy. Why do you think they are called the “ Lender of last resort “. The fed fund rates should be 7% today not .25%.
It is known that illegals work in construction. Not enough labor? I don’t buy it.
I just don’t understand why anyone would want to move to PHX… it’s hotter than hot.
Need a correction because just like the stock market 90% of gaps get filled.
In the past three years all of the millennials who were hammered by the great recession realized they needed to buy now otherwise they’re going to miss out on life. Combine that with NIMBY boomers, not enough construction workers, not enough materials etc this scenario was obvious.
Are you sure?;)
*Tampa, FL Housing Prices Crater 19% YOY As Defective Mortgages Fail Across US*
@Senior Housing Analyst Do you have a credible source for this statement? That is literally the exact opposite of what has happened.
@Jeff C Are you sure?;)
*Tampa, FL Housing Prices Crater 19% YOY As Defective Mortgages Fail Across US*
3 highest annual percentage gain towns, right after Covid, all red. Not everyone just listens to the narratives. I was very upset that I couldn’t stay in my geothermal solar apartment surrounded by mountains, bike paths, decriminalized drugs, decent pay, awesome bus system. They shut down my job, then apartment charges me 2 grand for early lease termination, seriously!! I called/E-mailed 5 different governors and provided in debth feedback. More ppl die annually from heart disease, and don’t get me started on food and drug policy or the revolving doors in EPA/FDA/CDC/big chem, big ag, oil/gas or the vested interests of the Corporate puppet politicians. The response by government, and the conformity and ignorance of the majority on State/Corporate power; and the ease of the ppl to relinquish their freedoms without even trying to do simple math has solidified my opposition to joining this market. A government which can give everything, can take it away, and how many businesses were destroyed, how many made homeless? Regulatory Capture anyone….. Who would choose a 30yr mortgage, when the former big pharma lobbyist who gains head position at CDC advises congress and the media about how to best enrich himself at the cost of freedom and liberty of the common man? Straight kick you out whenever “there’s a threat” “it’s for your safety” I prefer dangerous freedom over peaceful slavery- Thomas Jefferson
At least next time (I suspect this is just 1 step of many to normalizing the gradual degredation of individual and economic freedom) There is no way I will ever consider home ownership, and I will just freaking move when this occurs to a less opressive state.
That’s why people, that the 3 cities with the highest growth were freaking red. I left a blue state that uprooted my security to go to a red state(that sucks) but I had family and could at least have an income w/o reliance on an incompetent unemployment system, and furthermore corrupt and incompetent governance.
Prices will shrink to wjat you can afford if you had your brain
The great reset, year 2008 house market crash…big pump coming FOMO! Rich get richer….
the great depression was about 100 years about. a have a big war and a 100 yr pandemic do you think everything is fine tom?
Government is sleeping as usual and so people suffer. Shame on every politician that this is happening and no one is questioning for solutions.
*Tampa, FL Housing Prices Crater 19% YOY As Defective Mortgages Fail Across US*
No defective mortgages this time
@craig rodriguez Just millions of defective appraisals.;)
This lady is nuts, cash out my investments and 401k… yes great advise
“Covid is why we have supply chain problems” .. she fails to mention corporate greed moving manufacturing overseas all in the name of profit is why the supply chain disaster is what it is, covid just opened the wound bigger for everyone to see.
Covid fucked everything up.
I’m trying to figure out why realtors will keep saying it’s a good time to buy and then also say they have 15 or 20 clients waiting for homes and if they find you a home, they’ll also let their other clients know about the home basically starting a bidding war??
Because realtors are concerned about their commission and not the client’s needs. Since there aren’t plenty of homes to sell, then they have to have the bidding wars to get the commission up. It’s always about the money.
What are you guys looking at? Lennar & XHB are both down over 25% YTD in 2022. Toll Brothers is down over 33%. That isn’t hot. That is a warning. Yes, home prices are still high, but the stock market is discounting home builders right now. Home builders may be in trouble because the housing market may be about to change – that is what home builder stocks are saying. Do you guys even look at the numbers when you do these stories?
She’s just a salesman
This isn’t a supply chain issue; it is an issue of white baby boomer greed. They’re continuing to hike the rents in homes they already own and make the mortgage payment on a new tenement to pad their own pockets. They can’t die soon enough for my liking.
Don’t wait for the bubble to burst because there isn’t any? More houses are coming up all the time? Lmao, just like 2008 realtors are lying through their teeth riding the cash wave.
If bought around 2009-2011 you are singing a wildly different tune.
The whole market is a freaking bubble. Look at the used car market. People are asking for 17 thousand dollars for a car that’s worth 5k tops. Everything will soon come crashing down world wide.
rabbit im gonna blow your mind. Even in online games with a player based driven economy items are in a bubble out of reach fundamentals. The everything bubble is mind boggling
Fed raising interests rates and higher Gas prices should lower Home prices!! Guarantee!!
US should pass laws preventing sale of Properties to Foreigners, and investors/developers from hoarding vacant Properties.
@Justus League Sorry for the interpretation or misunderstanding but point is that currently “NON-US Citizens” can buy properties or investment properties as long as they have $$….
A mortgage person is never going say we’re in a bubble, LOL! Wait until mortgage rates go to the moon!!
Buy a land and get a RV or build a tiny home for $50k
Just don’t pay more than $500 an acre and you won’t get burned too badly.
*El Dorado Hills, CA Housing Prices Crater 13% YOY As Double Digit Price Declines Blanket Sacramento Area*
New Jersey is 🌌 skyrocketing
The objective is to create the illusion of wealth though property values and Tax it more and crush the lower class more, now they can’t afford housing Dems drive up inflation up to crush them more in the end there will be an elite wealthy ruling overclass and a government dependent and controlled servant underclass. The Democrats utopia and it all coming together and it’s what the people want and voted for so what the big deal