Piper Sandler Chief Investment Strategist Michael Kantrowitz joins Yahoo Finance Live to discuss the state of the housing market amid the latest Fed rate hikes and also weighs in on why bitcoin won’t bottom just yet.
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Great. I guess it is better that way. Otherwise rent and affordability of house will be too much
Hello I advice anyone trying to buy a house,but don’t have the complete funds. I urge you to Invest in stock market, then make good profit before buying house okay,
I made $78k after just one week
Reach out to him for help he will guide you..
4:41 ill
He basically said nothing
And he spoke forever, he could be a politician.
“Could go up, could go down” said experts
They honest don’t know, they won’t dare to give straight answer. Worst than car salesman.
His mail address is above 👆 my comment …
5.5% mortgage rates are “high”??? I feel so old now. I can remember millions of years ago (at least the 45 years before 2013) when 5.5% was called “low”.
You probably also remember when Volcker had a real interest rate of 17%.
@C H USA, North America, Earth
@C H Sounds overvalued…
Unlike the past history you are comparing to, wage to price ration is about 30x. So yeah, it’s real high
There is no crisis…. in falling housing prices.
*Vallejo, CA Housing Prices Crater 12% YOY As Double Digit Prices Declines And Plunging Rental Rates Blanket Bay Area*
YOUTUBE….I will NEVER watch any main stream media bullshit….NEVER
How he can say rates were too high in 2019, then talk about how this isn’t a bear market based on the last 40 years. Why should I listen to him, or Bloomberg who is giving him a platform for that matter
I advice anyone trying to buy a house,but don’t have the complete funds. I urge you to Invest in stock market, then make good profit before buying house okay,
I made $78k after just one week
His mail address is above my comment
Reach out to him for help he will guide you
The housing market has died off before rates even started to increase. With the failing economy and no more naive buyers left its already dead. When rates actually start to get higher to where they are actually impacting housing will be dead for five years after this bubble
You think there will be cheap housing for 5 years in the US? I bet you $5 you’re very wrong.
@Dave Osborne I think its all going down. I think our focus will be very different
@Dave Osborne Are you sure?;)
*Vallejo, CA Housing Prices Crater 12% YOY As Double Digit Prices Declines And Plunging Rental Rates Blanket Bay Area*
@Crater Tube Yes. I’m in Walnut Creek. My apartment complex just raised my rent, and there aren’t any homes under a half a Mil.
If you think the middle class is about to score cheap houses over the next decade, you haven’t tried buying a house (or renting).
I look at the redfin homes in my area and laugh at all the flippers that bought houses right before the rate hikes who are about to lose some money.
The economy will be strong for at least another 5-10 years because of switch to electric cars, alternative energy and faster technology. Nothing to worry about. Demand will be high for years to come. Prices will stabilize itself.
If house goes $350k i will buy at high interest rates
I am poor in California even with $100k yearly incomes
That’s a tragedy 😳
@C H I’m richer. I make 30.000.000 a year in the potato chip distribution game
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A real estate market crash is already here and its going to be much worse than 2008
You think houses are going to be really cheap to buy? Somehow I doubt it.
@C H Anything is possible at this point
@Dave Osborne Are you sure?;
*Vallejo, CA Housing Prices Crater 12% YOY As Double Digit Prices Declines And Plunging Rental Rates Blanket Bay Area*
Housing drives the economy? You say that like it’s obvious. I completely disagree.
The fed is still around killing us distorting prices and their answer is always war!
This guy wants more free money from the fed . Look it you so nervous 😩 you going to give back the free money you have gotten ,
Housing affordability pretty poor?…more of an understatement. A lot of people have fairy dust in their eyes
We are going to have a very strange situation where nobody is going to want to move. Who’s going to sell a house financed at 2.75 and buy a new house with a new mortgage, at 7%? Those “starter homes” are going to turn into “forever” homes real quick. My guess is homes in the 600k – 1M are going to get whacked hard. These are typical “move up” homes, not first time buyers.. but as I said, those first time buyers aren’t going to be upgrading so who buys these homes?
@Dave Osborne So keep waiting so it’s worth even less?
*Belleair, FL Housing Prices Crater 28% YOY As Demand Dries Up On Toxic Market Conditions Across Gulf Coast Florida*
@Crater Tube If you had bought a home at the peak in 2008 would it be worth less now or more?
@Dave Osborne Depends on how badly you got ripped off on it. Which begets the question…. just how badly did you get ripped off by a Realtor?
@Crater Tube I wish I had bought a house then. Inflation would have made it worth twice as much now.
@Dave Osborne Are you sure?;)
*Vallejo, CA Housing Prices Crater 12% YOY As Double Digit Prices Declines And Plunging Rental Rates Blanket Bay Area*
Totally disagree!! Look at Horton’s PE ratio. Slowing down a bit here in red-state, NC but still killing it.
Excellent talking points.
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*Vallejo, CA Housing Prices Crater 12% YOY As Double Digit Prices Declines And Plunging Rental Rates Blanket Bay Area*
the federal reserve forced people from being home buyers to renters by raising the cost of buying a house. its a bad time to sell a house now. wait for the interest rates to go down, unless you want to sell on a discount to a shrunken pool of buyers, supply and demand my friend.
housing is EVERYTHING, at the end of the day markets are fubar