#housing #yahoofinance
This segment originally aired on December 20, 2022.
National Association of REALTORS Chief Economist Lawrence Yun joins Yahoo Finance Live anchors Seana Smith and to discuss the prospect of a recession in the U.S. housing market, mortgage rates, 2023 housing forecasts, and the projected top housing markets going into the new year.
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes
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US infrastructure systems water heating cooling is not building for this winter weather conditions
This is bad and good inflation wise…the Feds will consider easing off soon
TeXtMe DiReCtLy 📊📊✅️
And all the whiners out there looking for a crash 🤣
We are having one…down 10%+ in less than a year and falling
@Jessica Bixler LOL 🤣 10% crash 🤣
@Jessica Bixler that’s not a crash mits a temporary dip. Rates will,come,down soon
Yeah right, as long as investors like Blackrock to soak up all the excesses, builders buy up all new houses under shell companies, banks don’t have to sell foreclosures as long as the Fed continue to provide cheap backdoor liquidity, there won’t be an inventory out on the market. We are fine.
Supply is not the issue. It’s the over inflated pricing. Nothing is affordable. And it’s everyone’s fault. A massive crash is needed. Massive reduction in prices, massive layoffs are needed to reset. But it’s everyones fault. The builders and real estate industry are at fault for pushing over inflated pricing, the fed is at fault for not raising FOMC rate 2 or 3 years ago. The governments fault for all the bailouts and helicopter money. A year long massive depression is needed
Thankfully none of that will,happen
Just wait until opendoor, offerpad and other ibuyers hit bankruptcy. This will be the spark that starts the fear forest fire and expedited price declines. Remember, 75% of homes are purchased with a mortgage, so they need to appraise. Appraisals are based on comps from recent local sales. Every year people must sell due to divorce, death, job loss, so as longs as rates are above 6%, the prices will continue to come down as they are too highly priced at these interest rates for the buyers left in the market.
If the institutional investors stop gobbling up the inventory, yes, the inventory will grow a lot
Feedback appreciated
Wanting more insights?
✙𝟷𝟸𝟽𝟼𝟸𝟹𝟸𝟷𝟻𝟻𝟼
Endeavor to reach out! ⤴️📊
Only if inventory comes to market
DEMAND drives pricing not supply/inventory. You learn that day one in any Econ 101 class.
This garbage supply theory is ridiculous. You can have the lowest supply in history if it is demand is lower prices will fall…. period.
@nick gratton Prices will fall until they meet demand. Econ 1..0……1.
A simplified example of any free market is an auction.
Sellers put out a bid price and are basically asking are there any buyers at that price.
If there are no buyers at the bid price then prices fall until they get a buyer.
If there are multiple buyers at the bid prices typically rise until their are no more buyers.
We all learn this day ONE in our college Econ 101 class.
@William Mathis you’re making the mistake,of saying there’s only one real,estate market when there’s many……..and with rates coming down demand will pick up in 2023
No housing crash
How much people turn 21 or more on the U.S daily, how many inmigrants etc…
Supply will never catch up. Sorry to bring you back to realoty.
@William Mathis have you gone to a auction sale?
They always ask more,, NEVER LESS.
The highest get it.
@nick gratton rates are not gping down that much either, but getting stable wich will be a point of entry as you say.
My markets is plummeting as we speak
Even if interest rates stay completely flat, mortgage rates are coming down because they’re at a historically high premium to the 10 year, which is related to the volatility and uncertainty. So expect more buyers to enter next year
Laughable to hear we’re going to have a mortgage rate equal to the FED funds rate 😆
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I thought this was about China
Over inflated prices is the cause, I stop trusting this guy since he changes his “outlook” every two months, but always being bullish. Moody had been more accurate throughout this year with pricing actions. With 50% inflated prices new buyers has to pay current tax rates for the their property, that adds a significant payment to the monthly bills.
Did I hear that “foreclosure rate is low some what”. An I guess California is in a semi drought.🤔
Gotta stick to the ‘only upside’ news narrative., rather than the lagging indicators coming in, to produce actual news. Guessing those Loan Depot employees no longer need to earn money, now that Loan Depot- just an example of one lender, that is out of business now that the REFinancing boom has declined and Reality has replaced FOMO lending. Layoffs will hit the RE sector first.
In your dreams pal. It’s coming down bigly. Doesn’t matter what your fake data says.
A nation that doesn’t support it’s middle class families is a nation destined to fail.
Although< I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23` btc from day trading with >Tobias Meylan Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
Please how do I contact him, my income stream is in a mess…… please
@xhannaxbananax Impressive!! Also, I did read about Tobias Meylan on the web. I was able to find his webpage and leave him a mail. I’m willing to make consultations to improve my portfolio.
Building a good investment portfolio is more complex so I would recommend you seek Tobias support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
Tobias literally saved me, just before the crash he advised me to get out of my long position. I’ll recommend him any day.
9mmpl
Do not ever believe any associate connect to realtor Companey and the media try to show those people
we had a pandemic not seen since 1918 housing crashed back then to. i do expect a historic crash again
“The whole secret of a successful life is to find out what is one’s destiny to do, and then do it.” -Henry Ford
Artificially inflated price is to blame.
Buyers market around the corner be patient
Wrong wrong wrong.
Exactly , I’ve been saying this for a long time we should stop worrying about what is coming instead prepare for when it comes .The market always recovers, take for example the 08 crash the market still bounced back , it might take long but it will definitely.
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it’s quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach for about 2years.
@Ron Mouton I guess that’s why the demand for investment-advisers sky-rocketed by over 41.8% since the pandemic according to investopedia talking about coaching, do u consider anyone worthy for recommendations? I have about 100k to test the waters now that stocks are at a discount…
@James Cooper I’ve shuffled through investment-advisers in the past and so far “ Donna Lorraine Judge” has proven to be the most productive and well grounded, she has quite an audience so you can easily just reach her on the web to gain access to her, just look-the name up
@Ron Mouton I’ve shuffled through investment-advisers in the past and so far “ Donna Lorraine Judge” has proven to be the most productive and well grounded, she has quite an audience so you can easily just reach her on the web to gain access to her, just look-the name up
It only recovered with the FED zero interest policy since 2009. Otherwise it was not going to recover. stop with the bs, the hens are coming home to roost on those failed monetary policies. No rescue coming this time without further inflation… and it isn’t transitory be espoused by the FED lie
This is nonsense do they really think people are stupid… everything is over priced … no one is welling to pay fro over priced homes doesn’t matter if the rates are low
i dont believe a word from a national association of realtors speaker. we had a pandemic not seen in 100 years there is NO way to sugar coat the risks its different then in any recession from 1940-2000
We need to make extant housing affordable and we need public housing as the failures of the market have proven with the scattered, shattered lives of millions upon millions of Americans here in the US. There is so much empty housing serving as financial assets in investment portfolios of hedge fund and permanent capital cretins instead of as direly needed shelter for Americans. These unnecessary anonymous office buildings and homogeneously hideous petrochemical yuppie kennel condos priced out of financial reach of the workforce aren’t making housing more accessible by the developers of mediocrity (ever unhelpful and undesirable to the taxpayer residents of e.g. Portland) by “adding to supply” or affordability, but instead, are intentionally causing housing to be more expensive and less attainable as they artificially inflate the market that then causes cost of living to skyrocket. Actual houses should be affordable for everyone as a societal standard with an economy that isn’t allowed to rob people of it. The supply and demand oversimplification is a known false narrative misrepresentation frequently used as a disingenuous ploy of parasitic, societally toxic, necrotic price gouging corporate slumlords and profiteering developers of blight who knock down our cherished structures and affordable housing stock to then exploit tenants mercilessly. Simply building more just isn’t the answer whether wealthy sociopaths like it or not. We cannot outbuild the greed of private equity firms. Allowing society to regress into another gilded age by allowing feudalism to exist in modern America is pathetic and we need to evolve beyond an economy that cancerously consumes society. The entire city could be nothing but the tacky garbage housing being forced on us at infinite stories high and it’d still be unaffordable to most real people. Housing is supposed to shelter people, not exploitative profits. We need rent caps; Housing, in a humane and sane society is for people having homes; it’s not for speculative investing, permanent capital, private equity or any of the other euphemistic titles predatory sociopaths cloak themselves in. It’s errant and always socially destructive to allow societal necessities to be commodified and exploited as consumerist products.
Excellent synopsis of our past, current and future reality. Housing should be a basic human right first and foremost!
Cost is the issue, not supply. There’s more empty housing by far than houseless people in the US in particular
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I’M DOING WRONG ?
The very first time I saw recommendations about Mrs Donna , I thought it was bots. I decided to try her with a spare and she delivered I’m currently growing my Bitcoin portfolio under her management.
No doubt, there some scam and still there so many good trader’s also it’s depends on the trader you’re dealing with, I think trading is easier with proper guidance, especially from a professional like Donna Coulter ‘ she really help reduce the chances of running into losses.
I thought she was a scammer but believe me after meeting her up for the first time at UCLA financial conference held in UK she changed my ideology
Yeah you’re right I’ve always wanted to trade crypto but the high rate of scammers here on YouTube and I wouldn’t like to risk my money, but anyway I will like to get in touch with her to hear what she has to say.It’s best to trade on cryptocurrency, I’ve been trading since the dip and I’ve made so much money trading, but due to the falling of bitcoin many traders are now feeling skeptical to buy and invest in crypto, LOl 😂 not knowing this the right time.
It’s best to trade on cryptocurrency, I’ve been trading since the dip and I’ve made so much money trading, but due to the falling of bitcoin many traders are now feeling skeptical to buy and invest in crypto, LOl 😂 not knowing this the right time.
There will be plenty of supply as more and more houses move into negative equity … and those who bought in the FED generated FOMO have buyers remorse
Supply is already at healthy levels. New construction of homes is at all time highs, as well. Over supply could be an issue.
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?
It’s a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
@Caro AmiraVery true, i’ve been able to scale from 350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@Caro Amira to me, not everyone can afford a coach/advisor. I personally dabble in stocks and my first rule is survival before flipping for chunky gains! congrats however, your coach must be really good, mind if I check him out on my computer?
@Evan Quiel evan, having a coach is key in a volatile market, My advisor is “Patricia Susan wallaitis” ,You can easily look her up, she has years of financial-market experience.
@Caro Amira thank u great for this recommendation found her webpage proficient,i just wrote her
In my neighborhood in florida, Southwest Florida to be exact, there’s so many homes for sale. There’s for sale signs everywhere, and most of them have price reduced signs above them. There is undoubtedly no Supply shortage.
❤true, it’s a struggling sector. however, there are also a lot of opportunities there too. let’s see what happens.❤
Labor cost is big factor why house prices upward trajectory cost
We have been controlling the inventory for decades now. I laugh my A off when people say house prices are high because of low supply. I can promise you as long as we make more money, we will make sure the supply won’t become normal ever. Builders will make money while more and more people could not afford the homes.
50% off next year.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?
Thats true, I’ve been getting assisted by a FA for almost a year now, I started out with less than $200K and I’m just $19,000 short of half a million in profit.
@Wiebe Platt That’s fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Big Credits to ”Emily Louisa Bahr” she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Emily as been a good guide through the year.
[ I just looked up ‘Emily Louisa Bahr on the net and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
@Wiebe Platt Thank you for sharing
With 25 million excess, empty and defaulted houses out there and prices plunging, how so?
*Orlando, FL Housing Prices Crater 14% YOY As Florida Subprime Mortgage Meltdown Accelerates*