#Realestate #yahoofinance
Yahoo Finance tech reporter Allie Garfinkle details the biggest hurdles in the housing market that both buyers and sellers are currently facing.
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The prices of houses should be fixed by the banks if incomes are fixed. We can’t have a nation of stability in a system where the price of shelter is unstable. This is by design. It can be changed.
@Obi from Ohio no, is supply and demand and the cost of high cost of raw materials, wages etc.
Problem is due inflation the market is frozen and sellers can not drop below a floor as you suggest they can. And buyers are broke or thigt at least on budget.
The market is dead.
@el jefe Bingo. Housing just teetered off a cliff. We will absolutely see 40-50% drops over the next 2-3 years. Unemployment will unfortunately double, but that’s what happens when the government inflates the largest asset bubble of all time on top of new 2019 organic all-time highs.
@Enthused more than double.
With such hight cost sellers will just quit the signs, give up and eat the cake.
Something never seen before.
A bubble is sellers with no buyers.
No sellers+no buyers is something never seen in our life time.
FED will not do QE again and bail outs at at first. When pressure grows they will buy not only bonds, but mortages, even stock and all time lows.
Millions will lose everything.
Good luck.
rent keeps going up making it harder to get out of renting….
It’s really frustrating when views / subscribers are not increasing but u know u are doing ur best😞
Meanwhile, JP morgan is buying more and more houses
That is a false statement that has been passed around for a long time with no supportive evidence.
No they’re not. Get your facts right! They’re gathering a fund together to buy cheaper homes on the east coast in ATL around 200-400k in late 2023/2024 when the market bottoms, today is bot that day. They want nothing to do with California so don’t worry about it!
seller capitulation happens slowly. When a couple million people get laid off over the next year, home prices will come down 40% as people don’t have a choice but to get rid of the homes they paid 70% too much for over the last 3 years.
Of those couple million people being laid off, most of them are not home owners yet.
@A.K.A. AAK Not even remotely true.
@Enthused And you know from what facts? So far they’re expecting 5% unemployment this year and that’s not even close to the millions you’re talking about…..that’s roughly 3M more people expected to lose their jobs. We’re at 3.5% unemployment now, so adding another 2% is not going to flood the market with homes even if all 3M of those people had homes to lose.
Banks don’t need to buy houses they foreclosure your house
We’re not even 1yr in. Wait another 8months
The picky buyers still having a hard time
finding a home! 🤣🤪
Wishful thinking at its best.
Wait until March-April. Supply will not be a problem
Why would you interview a guy that sells multi million dollar homes? Try keller williams riverside or something….
Right 😂
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What are you talking about? Internet rates are still going UP! Even if the Fed increase slowly this year! It will be higher than 2019, 2020, 2021 and 2022 in 2023! Slowing down doesn’t mean Fed CUTTING rates! And actually most buyers must not buy except for FOMO and can manage in their present situations! Sellers and flippers and investors are those ALREADY with bills and mortgages to pay! Let this biased reporting not fool you! Buyers wait! And if you must buy DO NOT OVERPAY!! 😊
Still overpriced market and not enough listings. It’s just stagnant.
Believing Realtors is like believing the government. They’re lying. Houses will continue to drop in price.
WOW, Yahoo is advertising the real estate market instead of bring the real estate people, they are advertising themselves now. It’s a shame to push buyers to spend their Buck at these inflated prices. There are no buyers left in the market, though there are few who are willing to buy the monthly mortgage payments are unaffordable. There is no upside in the housing market as it’s already saturated, there are plenty of other opportunities out there to make good returns and smart investors are already getting out of the real estate.