#homeprices #realestate #yahoofinance
Yahoo Finance’s Dani Romero discusses September home price data, rising mortgage rates, and the housing market.
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Dropping by a couple of hundred bucks doesn’t count. We need 20%-30% price improvements.
House prices went up by 40-50% in pandemic alone in my area. That’s ignoring decade of rise due to low interest rate.
@Ruturaj It’s true we were at the end of an economic cycle and then they poured fuel on it and houses went up another 50%. If they fell by 50% (which I highly doubt) we would still be at previous all-time highs
@Terrill Melville not really, if market drops by 50% then house would be 75% of it’s 2020 price. Basically a million dollar house in 2020 is now 1.5 million after 50% increase and with 50% drop it would be 750k.
@Ruturaj true a 50% fall is bigger than a 50% increase. But the concept still stands that prior to the massive increase we were at all time highs.
@Terrill Melville definitely. I would be happy going back to 2020 prices.
Drink a gallon of water and pee a few drops and calling it empty is ridiculous.
Atleast 3/4 gallon should come out.
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@Gray Thompson there’s a lot of money to be made in crypto. I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I’m looking out for a better investing strategy, I have a lump sum that inflation is steady eating up. i need help.. How do I reach him?
@Dan Graig check the web and you will find him, drop a msg.
I ran a quick check on Mr Korducki. he’s well regulated. His qualification seem solid with positive reviews, he seems check ed out. Also his services are available outside of the US for foreign investors.. Is he that good?
@Gray Thompson Ok, just found his website, impressive, Thank you
Scam alert ⚠️ 📢
I haven’t seen any decreases worth talking about. Can I get some of that stupid crack you guys are all smoking so I can see what you see and feel what you feel?
as a millennial i can say ‘i hope house prices do plummet’
They’re way to expensive. Huge bubble.
That’s a huge lie… Decreasing by a few dollars only doesn’t count and some big cities are not even budging… This shouldn’t even be news. Be real.
Can’t wait for the biggest crash hold on tight
“Prices could plummet”
Can someone tell me how much prices have dropped since Junes peak? Lol could have sworn we are dropping at over 1% a month. That is record level drop and faster than what happened in 2008 and on
I believe the median sales prices in the country has dropped 9-10% in about 4-5 months and with winter being here those % might increase during holidays and traditional slow times
According to Redfin data, the peak was 392k in June and now it’s 356k. 9% drop in 6 months.
@LikeMike-2018 right in line. 9-10% since June
Where is October and November reading we are two months away from September
Good, after rising for decades it’s good to fall
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I think people are still buying using arms
Prices are not gonna plummet because everybody is expecting them to
Housing is up 143% ytd because of interest rate AND inflation… what are you spreading…
Since it went up by 30-50% expect at least 30-50% plus regular 5% yearly gains.
This means drop of 30% min
In 2 weeks the Fed gonna hike the rates because the inflation making people work just to pay rent ….
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Incoming 40% crash. All these talking heads were saying no worries 6 months ago