#Housing #homesales #market
Zillow Senior Economist Jeff Tucker outlines why American homebuyers are taking a step back after a volatile housing market, as well as the outlook on housing inventories as house sales decrease.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Home prices should correct by 60% atleast
If you look at the two declines before 08 they bottomed to where they were in the 1950s many say we’re not in an 08 style bubble but the shifting immigration trends look a lot like 91 I’d argue.
“Should” doesn’t mean they will.
@L Rivera” have to” ” Must” “Will”
Yeah, those homebuyers are called investors… We are going to be a nation of renters if this doesn’t stop.
what are you talking about? it is stopping summer 2022 is unlike 2020 , 2015 2010 this is a new ball game we got a real recession and rates are very high considering alot of homes are up 130%+ in 10 yrs(30-40% is normal) they are making so little profit it takes time whether thats 3 months away or a year and half its coming there going to let go of there properties
@brian oleson what I’m talking about is , nothing is going to crash. We may have a correction, but home prices are not going to plummet. Too many investors are willing to buy properties now and have already done so.
@Jamie “this time it’s different”
@SaliferousStudios they always say that.
@SaliferousStudios “Housing Market crashes 2012! 2013!2014! 2015! 2016! 2017! 2018! 2019! 2020! 2021! 2022!” “What goes up must come down!” “Investors will sell their properties at loss” Homeowners corporations and landlords are evil and greedy!” 🤣😂🤣😂🤣😂🤣😂🤣😂😂🤣😂🤡👍
The zillow economist that lives in a box apartment “thinks” we’re turning. Its 💯 turning and will continue to decline throughout the months
What do you expect to hear from a Zillow economist? They are part of the problem. They were overbidding these homes in areas with constrained inventory to influence the prices of properties they already owned in the vicinity.
boise is 70% over valued or 70% up since 2020? there people are even lying about overvalued markets a ton more places are 70% over valued adjusted for inflation
Everything has gone up. Oil companies and banks maximizing profits. But we want homeowners to cut prices. Even rents are still rising.
Ok we homeowners will make a deal with you. When oil companies, banks, landlords and makers of consumer goods cut prices then so will we.
Until then the highest bidder up next
Since 2008, the Fed dropped interest rates to 0% and printed trillions in QE to infinity FOR 14 Years! This has created super bubbles in stocks and housing! Now that the Fed is being forced to raise interest rates, these bubbles are popping! End the Fed!
This is what I’ve been saying for weeks. Demand is NOT being destroyed. Demand is still there, but is being pushed to the sidelines where it continues to build. At some point that dam of demand will eventually burst, and the mythical buildup of inventory will once again be consumed by the demand flood. We often hear about “shadow inventory” but I think we are more quickly creating “shadow demand.”
90s style housing crash on the way
I’m glad people are smarter with there money. Don’t buy
Don’t buy!!!
ZILLOW , is the worst place to get advice and data . They are biased . They always have been . They have a big hand in what prices for homes are today . Companies such as Zillow and Redfin caused home prices to be over valued with their foolish ZESTIMATES … who in the world cares what Zillow’s estimates are ? Just because they say something is worth something doesn’t mean that it is .. unfortunately, many appraisals are done with reference to their data .. I always said , if sites like Zillow would have allowed comments on their listings , the housing market would never be in the high position it is in right now .. anyways , the boom is over … get ready to pay pre pandemic prices by the end of the year … the Fed is not going to flip flop … Cheers 🥂
Zillow and the like investors are the problem!!! Listening to him is sickening. They are the problem!!
This is driven by greed created by low interest rate!!!
Drifting into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that’s why i trade with Samantha Jack, her skills set is exceptional.
I also make huge profits in stock market by trading with her weekly, her consistency is crazy
I haven’t seen anyone so determined to make her clients profits as samantha. How she allows you express your fears and still calms your fears is something I admire about her. I don’t usually comment on videos but I must put the word out there. She’s really great.
You can reach her on Tele
gram with her username
Investwithsamanthajack, that’s it
I hope he goes to jail in 3 years.
Biased , skewed , corrupt statements, his corporation and other similar big Realestate investors are one of the main factors for homes and rental prices inflation
His bluffing about price cuts is pathetic, he can’t comment about 75% prices inflation in boise why can’t you the date is there
The pullback is being driven by inflation, higher interest rates, and still ongoing low employment participation rate that is still driving inflated wages 🔥
He works for Zillow? I don’t believe a word he has to say. Zillow has been a main contributor to rising house prices.. buying up houses and turning around and selling at huge profits. They are criminal “investors” who use bait and switch to raise house prices and take away affordable housing for American families.
A real estate agent never talks about a crash out load.
It’s gonna be a mess.