#housing #rentals #rentprices #yahoofinance
Zillow Senior Economist Nicole Bachaud joins Yahoo Finance Live anchors Seana Smith and Dave Briggs to discuss rising mortgage rates, challenges for home buyers, housing affordability in the Midwest, and the outlook for rent prices.
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Rates are not stabilizing what fk’ing data are they looking at? Rates are going back up.
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Hosts at real estate informational seminars don’t make their money off of real estate…they make money off of the suckers that attend the seminars
min 4:27 South Carolina is highlighted instead of North Carolina for Raleigh, NC graphic.
Everybody wants to blame high interest rates, but the bigger problem is way overinflated assets. Housing prices are nowhere close to where they need to be to sustain growth in the housing sector.
Buy a home and you won’t be a slave to landlords. 🤣
Strong construction growth won’t happen til the economy starts to see a turn around and the FED starts lowering rates, but that won’t happen for years to come.
Yes, unfortunately.
Lol 😆
If you squint hard enough you can see a housing drop 🤣
Nice, and you’re right….there is NO housing drop, and fools will leverage themselves to the hilt just to “get in”
She is probably the most clearly spoken real estate economist you’ve had on these segments. Easy to understand and she is super natural in delivering the commentary.
I wonder why there were no such interviews in the last 15 years when rents were increasing 10% per annum. Now that the rents have only dropped 1% YOY everybody is talking about apocalypse.😡😡😡
this title is clearly wrong so theres no need to watch… everything is STILL GOING UP!!! WHAT ARE YOU TALKING ABOUT!!!
Totally agree GTMan…NOTHING is going down in price
She is so wrong!!! Rent will stay high for quiet sometime aka 2 years
@Jaystyr424 Understood, however, the supply of rentals cannot increase in tandem with demand or even catch up ( it takes a long time to secure financing; obtaining permits; acquiring building materials, supplies and labor, this process can take years in some cases because of politics and the NIMBY crowd ). According to RedFin; in the US, there is a shortage of OVER 4 million units; you cannot build your way out of that and what’s more, hundreds of thousands of college graduates will be exiting those college dormitories and will need a place and the specter of moving back in with Mom and Dad isn’t what they bargained for; in other words, demand will outstrip supply.
Rents will not continue to go up exorbitantly but increases will be slight and possibly plateau; basically the percentages will be the same. Demand will go up and so will supply; builders make more money selling million dollar properties as opposed to ” affordable housing units “; remember the same building materials are used in both dwellings.
You are correct; people will shack up with one another and some will move back home but these numbers are insignificant; it’s not a pretty sight out there.
Whatever housing units come online; they’ll be snatched up by real estate conglomerates ( they’re the only ones that can afford them ). A new way of life is on the horizon; a lot of people lease their cars and lease their homes as opposed to owning outright. It doesn’t bode well for anybody; this I agree with……..
@Robert Rochester I suppose we agree more than disagree so I apologize for jumping the gun on that. The only thing I think we disagree on is the outcome of prices for rentals.
Thank you for calling her out
@tjpm the administration will use ‘other people’s money’ to give to you to pay your rent…similar to student debt forgiveness and reparations
@Jace Torii I see. Sad for me that I’m not in the US 😅
Yeah that’s the answer, go to the Midwest and price average people out of the market.
😆
It’s funny to hear what these real estate brokers and business people say. End of the day there are absolutely no buyers because everyone realized how much percentage of their paychecks these real estate is consuming. I personally have couple of friends who bought due to FOMO and are regretting their decision now, not because the prices declined a bit but because they can’t spend on anything else and their Quality of life is suffering. Expenses have gone up and WFH is dying, think wisely before buying a property at these inflated prices. Note that lesser activity means no business for these real estate people, so they always lure you to buy properties, they hardly care about you. Hope buyers out there are intelligent enough to understand this.
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Thank you for this information. Now I’m more educated about rent prices.
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Prove it…
confusing
House prices …2012 till 2022 only growth…its is natural…some where it has to stop…to complete circle
There will be NO meaningful drop in real estate prices. Fools are still buying it up with the hope that their ‘investment’ will double by other suckers buying their high-priced investment for twice the price.
No one wants to buy and is not affordable so rent has the only a place to go and that is UP.
Remote work will stop, so the MidWest region doesn’t make sense
I am tired of all of the bull. Stop feeding people false hope about housing prices remaining high. They are coming down. They will continue to decrease because housing is unaffordable. They would decrease faster if buyers would refuse to pay the high prices. For some reason FOMO is still running rampant. Winter inventory is always low. That is not new. What is new is that despite the low numbers inventory is growing. Why? Because houses are overpriced. They are unaffordable. In the spring and summer more existing homes will come on the market. That will cause inventory to increase even more unless prices drop substantially. There are a lot of single family homes that are being built that have not hit the market yet. They are coming in the spring and summer. A lot of apartments being built that have not hit the market. They are coming in the spring and summer. Once they do that will help to further drive down housing cost.
Agreed on the Midwest. Add Mid-Atlantic to that as well.
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