#realestate #housing #yahoofinance
Yahoo Finance Live anchors Dave Briggs, Seana Smith, and Rachelle Akuffo discuss a new report showing the U.S. cities where home prices are dropping the most.
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Referring to this as housing carnage? We’re not even close to the main event!
not even close it can drop a lot more
This is just the start.
Give it another year or two. It’ll drop over 50%
China technology can print American dollars and India rupees and all countries currency
@ESPN Channel either that or they don’t want to be one of those idiots that overpays for a house. It’s funny seeing what’s going on now in the market. Interest rates continue going up and sellers thinking it should have zero impact on what they believe their house should sell for lmao. But then again maybe they are praying there’s a few more dummies out there..
@craig rodriguez 🤡🤡🤡
“….but but but..low supply” said greedy sellers confident prices wouldn’t drop. Carnage is still coming and zillow is lying
Low supply and even lower demand 😂
Greedy sellers greedy buyers….lol
greedy buyers wanting a free home
prices up 110% but down 10% LOL
For now. A reverse trend always starts somewhere…❤
real estate always collapses when there is higher unemployment, that will be the trigger regardless of supply or demand. This has always been the case, just look at the numbers.
💯 percent.
And we’re just getting started, wait till we get the foreclosures. Florida has lot of mtg fraud so you can’t trust the prices and demand here. Addly, check out that CC debt, look up the normal down pymt for the last 10yrs; people got used to racking up 20,30,50k I’m CC and refi it into their house at a lower rate. All those Zombie households are going bust. Tell that young know it all I’ll debate him about miami real estate any day.
Why wouldn’t you say the same about Nevada? I think the dynamics of the housing market are more complicated than this.
who the F is trying to refy rn
With with Adjustable Rate Mortgages
We’re just signing the National Anthem at this game.
Cute that they thing Miami won’t be effected. Florida is one of the most volatile real estate markets.
Cities in FLA are one hurricane away from being wiped off the map.
@Janet Harold don’t matter, Florida WILL not stop growing. Ian isn’t Floridas fist hurricane.
This guy is something else. He’s been saying the market won’t fall for a myriad of reasons for the last year (as the market falls). Guess what I’m not buying? Your analysis (or lack thereof)…
It’s like watching a train wreck in slow motion.
Just wait people the time to buy is coming.
Lol you’ll be waiting forever with that attitude. It’s not about timing the market, it’s about time in the market.
What? This is not accurate. The most recent data shows price has dropped 17% in Austin, 16.8% in Oakland, and 16.4% in San Jose from their high early this year.
‘Miami will be fine’
The pure level of delusion you have to be living in to believe this.
Maybe NO state income tax in FLA-only to be washed away -with soaring HMOWNERS insurance.—and just what do you think Ian will do to HMOWNERS insurance-or flood insurance. Perhaps they will all move inland. Truly interesting times, we are all living through.
Insurance Companies are bailing from Florida. Tired of paying claims
why should people from other states pay for Florida’s hurricane? Florida and California should have their own home insurance due to higher risk
Agreed and wait until a major hurricane smacks into Miami…
Who needs insurance when congress will come to the rescue?
Buy silver than crypto are even stocks….Margin call sell them all …
Y do we listen to commenters they can’t predict the future!!!! Also they would of seen this housing shortage coming 😂
They did. And do.
@craig rodriguez 🤡
Listen to those losers
Ain’t nobody gonna pay 7% interest for mortgage. Prices should come down to pre pandemic levels.
LOL. Not how this works chief
@craig rodriguez 🤡🤡
The bottom line is the red financially responsible states shouldn’t have to deal with the millions of brainless left wing nuts that are flocking to the south and destroying the rest of the country. There’s no coming back for New York and cali, let’s ruin the rest of the country too.
Unemployment is not the true indication of a healthy economy. Work force participation rate and economic growth are the true indicators.
Inflation is at 18% the government is lying about the true inflation numbers. The fed needs to raise the interest rates to a true level to stop inflation
What will happen when people loose their jobs? Where ARM jobs not a main reason why the crash also happened? Bc no one could pay? I know so many living on credit and paycheck to paycheck….I myself was given an insane pre approval and keep getting credit card adds for more spending power…. Be smarter than the system I guess🤷🏻♂️
FREE $$$$ Inflation is making the dollar worthless. Well good, then I will be paying off this 2% fixed home loan of mine with those worthless dollars. Ain’t life wonderful !
Deals can only be had for investors that don’t need to borrow money. Ppl like me trying to find 1st home for 3 years are completely screwed
Sean, you can always renegotiate your interest rate but not the price of your house once you’ve bought it.
My advice: buy a house, higher interest rate and all, and refinance when the Fed drops rates back down, which they always do during a recession. The only caveat is that if your home has negative equity–you owe more than its worth–the bank won’t refinance unless you make up the difference with cash.
Thats it 2%? It should have plummeted just like refinancing applications. It sounds like companies are still buying up homes and raising the rents on normal Americans.
They said house prices were going to drop during covid shut downs
They would have if the intrest rates hadn’t gone to zero
Miami will be underwater…so yeah
🥱 ya they’ve been saying that since 1976, then 2000, then 2008, then 2020. What’s it now?
When the heck is FL’s real estate market going to severely drop?
Many homes destroyed by the hurricane. Some homeowners will do well with the insurance payouts and they will be shopping for a home and paying cash.
@Jeff Hallel so FL is AOK
@Harold B I was looking at zillow today and they say a house in Fl has decreased $4,000 in one month but another nearby house increased $1,500. the numbers are not accurate. Supply and demand, the demand needs to replace thousands of houses wrecked by the hurricane.
Q
You’re not going to see early 2020 prices in Las Vegas. You could buy a 4-BR new-construction home in the low $300K. I just don’t see that ever being offered again.
Don’t worry everyone investors will come and buy homes at any price, we all know they like buying falling assets that’s how they made money, the regular people will only buy based on payments per month not homes price, now everyone do the math at 7.5 interest rates, 😆
rule number 1 dont listen to the so called experts save your money nad the best deal come aroud every 10 to 15 years
Where people just want to get out of this woke states….
In order to offset the interest rates, they need to collapse another 20-40% before even being close to affordable.
Asking prices no sell prices
Real estate affiliated individuals from catels like venezuela cuba colombia mrxico money launderiers are worried about real estate prices dropping drastically.
Concern for cities with high ‘tech” employment. We’ll see how this pans out.