#shorts #housing #yahoofinance
Zillow senior economist Nicole Bachaud speaks on the current housing market and why there has been a decline in home prices. Bachaud joined Yahoo Finance Live on October 24, 2022 for an exclusive interview.
Link back: https://finance.yahoo.com/video/housing-affordability-locking-homeowners-current-204207168.html
https://finance.yahoo.com/video/housing-affordability-locking-homeowners-current-204207168.html?ncid=facebook_yfsocialfa_wje3x23a50w
https://finance.yahoo.com/video/housing-affordability-locking-homeowners-current-204207168.html?acid=twitter_yfsocialtw_l1gbd0noiom
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Senior economist??? She looks like she just finished high school
I think you just complimented her skin care routine
High school senior
@nomadic8000 Right! She was probably happy to put her mug out there. Lolololololololol.
Looks like a toddler and sounds like one too
She’s in hers 20’s….senior economist?! Which means she was in kindergarten/ elementary school during GFC.
Won’t get back there while Democrats are in charge. You can bet on that.
Good.
still too expensive. homes need to drop 100% in order for it to be affordable.
You mean 50%
A 100% drop would make homes free. Is that what you meant?
@Jake Jake homes are for living, not for speculation
@mrzack888 No argument there. I am merely trying to understand your 100% drop statement. Did you mean 50%? A 100% drop would be all home values dropping to $0.
@Jake Jake Free house but still gotta pay real estate tax. Some can’t even pay that.
sometimes people are forced to sell due to unforeseen personal financial economic situations , so regardless if they are locked in at lower interest rates they will sell.
Also, your loan is backed by the value of your home, if prices drop, you can still get a margin call to cover the difference in value even if you are on a fixed rate.
Ever thought about that those same unforseen, personal, financial, economic, situations can’t happen to you? While you’re indirectly wishing ill-will on somebody else just to buy there home for $2
@Teds World So if your home drop in value so will the value of your loan? Is that right? If so how?
@Gator Gator No, you are in negative equity, and the bank is on the hook for the shortfall if you default, so they will ask you to put more equity in, that is a margin call.
@Teds World So dude your home drops in value but your loan doesn’t. That’s my point
😂😂 I’ve found the reason for why Zillow’s economic forecasts are so terrible, making significant revisions month to month, its embarrassing and cringeworthy as an economics major myself..not sure what economic “model” they are using to forecast real estate price trends but it’s pure garbage..I wouldn’t listen to any of their commentary and projections.
Didn’t zillow lose their A’s investing in realestate. Yeah not listening to no one at zillow
They didn’t actually. They lost their A’s trying to flip real estate. Their algorithm proved ineffective and they’re pivoting.
Look at their senior economist
I see homes in sw Florida priced double to triple what the seller paid a year ago make no sense.
TV
she might get fired the next day for speaking out
Bro how does this person have this job when anyone could tell you that information. I should have went for economics I guess
Because she is a “senior” economist. 😂😂
You seem to be forgetting the investors that are going to be selling off their houses because no one wants to rent them at the ridiculous rental rates. There will be PLENTY of inventory. These predatory housing speculators need to learn from their greed, especially those large real estate companies (like Zillow and Redfin) that bought up all the homes (driving prices up) so families couldn’t buy them. Also, many greedy realtors will need to find new jobs because they helped drive this crap. The whole industry needs a makeover.
If people are not buying then they are renting so I doubt it very much
@ESPN ChanneI renting in apartments like it should be no one who wants to buy a home wants to rent one. They also have Airbnb now so the ones that would’ve rented for a bit to look rich for social media are now just posting pics from an Airbnb
Industry Makeover Transportation:
Regardless to how much you paid and put into your house buddy, I need you to simply give it to me
@ESPN ChanneI Ahhh the price of capitalism. We created it. Now we want to get rid of it. Hahaha
Unless she’s some
Kind of genius, how can this be their senior economist? She looks like she’s 25
They put a intern to take the fall.
You can’t let millions of illegals walk into the country and not think it’s not going to effect the housing market. Why is no one taking about that.
Zillow invested so much in housing market that they will try everything for their estimates to not come down.
exactly. and there are many fools who believe this stuff.
Zestimates don’t pull revenue.
ups, actually prices went up in the last two months of the year
@pax und peace where did it go up a?
This brawd needs a OF
not in New York though!
Did Zillow not predict home prices will appreciate 19% throughout 2022 and into 2023. shame on Zillow. Why should I trust your prediction now?
Good idea, let’s squeeze inventory and make more people homeless. Shame! Who on good earth with a proper brain lends money at 2.5% fixed interest rate for the next 30 years? Lenders created a huge wealth gap in the society. Thanks to them, the new home buyers and their children will remain poor for decades.
Not in Washington state million for one story crack house check listings
We actually are back to 2019 inventory now.
She’s the senior economist? I guess it makes sense as they benefited the most from affirmative action
She sounds like a Youtube influencer.
The best Economists have nose rings.
Hadn’t notice she has a nose ring. So unprofessional of her.
Coming from a company that has made several major blunders in recent times, I’d take this with a grain of salt
I’ll offer you 50 percent on one of those 2b worth of homes Zillow decided to buy and flip …. We’re going there so let’s just get that out of the way
Zillow is the company that predicted home prices to increase by 13-15% earlier this year, then had to revise down their predictions 4 times. Zillow’s predictions are completely worthless.
Had nothing to do with Zillow getting it wrong. Fed raised rates. So now the bank is robbing you. When and If rates drop the seller will take back over. And your landlord loves you 😊
I’m not a Senior Economist but I did stay at a Holiday Inn Express last night.
Maybe cause the regime is causing the fed to raise interest rates like crazy from very reckless policy!
This is video all about supply, but the real story is not supply, but rising interest rates and how they affect buyer’s purchasing power.
Calculate any mortgage using 3% interest rates of early 2022, and see how much the payment was as a baseline. Then raise the interest rate up to 7% but keep the same payment. You’ll see that the house price MUSTy drop 30%, so buyers have lost 30% of their purchasing power due to rising rates, regardless of supply. The same buyer that was qualifying for a $500,000 home in March is now qualifying for a $350,000 home because that’s all they can afford. Simply math. Same buyer, same credit, same down payment, same house! The housing market is a 747 that has lost it’s engines…it’s going to crash 30% because buyers have lost 30% of their purchasing power, but it will take time before it hits the ground.
“Ahhh” the price of capitalism. We created it now we want to get rid of it.
Nothing is free or cheap ppl. You’re going to pay the piper no matter what. The seller, the bank or the landlord 😊
She cute ngl
Simp
THARRR SHE BLOWS 🐳
Senior economist. That is a child.
Zillow stock fell $ 228 to $ 28 who would ever take advice from this company and it is run by a bunch of kids
Yahoo is leftist trash
Rate hikes too. Not good
Has anyone changed her Diaper.
Lol. 6 months ago zillow said no cracks in the market. These people are biased and don’t tell you the truth.
Truth: re still selling above ask but takes 60 days vs. 5 days. Affordability is an issue but mortgage brokers, realtors, and sellers are not decreasing prices bc they get paid even if you get fucked.
She looks fine.
No wonder their going belly up.
Zillow has a conflict of interest, take everything with a grain of salt
She’s absolutely wrong, as you can tell in the month of November, we are having a record amount of company layoffs going on. Without a job a person cannot afford a home mortgage payment. I fully believe we will see a record amount of inventory and 2023, 2024.
We have the larger real estate bubble in the history of the United States.
13 or 30?
Evidently you really need to watch the new construction built now. The homes they showed in Vegas were full of major construction problems. They weren’t selling them for a bargain either. Huge cracks everywhere. Showers that weren’t plumb or even near. Lot’s of people who are trapped in money pits.
No it isn’t. Too expensive. Realtors stop gaslighting
Zillow isn’t a reputable company
Fake news
Oh! that’s likely going to continue ALL of 2023. No doubt about it. Real Estate will NOT appreciate nationally in 2023. No chance! She looks like a young YouTuber.
I look at Zillow’s failed home buying business and falling stock price and wonder how she still has a job.
Translation….50% off next year