Reddit housing market. That's all about to end with QT.

Reddit housing market. There's no need to try to carve out exceptions. ) The SoCal housing market is ridiculous. Consider this. Users share their opinions and experiences on the housing market and whether it is better to rent or buy a home. So, anyone expecting late 1980s commercial real estate or even 2008 housing market style crashes aren't being realistic. We want common sense housing laws that ensure: transparency and ample housing stock, to make Canada's housing the most affordable in the G7. The longer I waited to do this the higher prices have gotten. Getting rid of zoning would be great, but as long as zoning limits what housing we can build then we also need to ensure that all of the housing being built is being used for long term housing. / Nouvelles, événements, discussions et varia concernant la ville d'Ottawa, Ontario. Inventory in San Diego County is extremely low considering how many people live here and we are not building enough new homes, especially on the single family side, which is where most people/families eventually want to graduate to. Supply is up, and soaring in both the SFH and Condo markets across the state. While the LA housing market was certainly impacted, it bounced back relatively quickly. In order to see home prices fall by 15%+ you’d need wave after wave of supply hitting the market where demand isn’t able to absorb it. true. High rents make real estate more attractive as an investment - so more corporations get into the market on the demand side, alongside individual homebuyers. I see houses sitting on the market for 30+ days now if the listing or home isn’t Inflation and interest rates have a lot further to run yet. Charlotte's COL has lagged behind similar cities for years and is finally catching up. Quite literally, the housing market needs to be killed with extreme prejudice. Related Real estate industry Real estate sector Business Business, Economics, and Finance forward back r/RealEstate real estate investing landlords landlord borrowing lending mortgages foreclosure loan houses house apartment financing loans buying a house foreclosures foreclosure forbearance home buying homebuying first time homebuyer If they can sell up. In my local market in Germany, inventory came up to three fold pre-Covid levels already in early 2023. I am super surprised that tech and biotech layoffs have not affected the housing market in Massachusetts. You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! Structured Deals, Flipping/Rehabbing, Wholesaling, Lending, Land, Commercial Real Estate and more! If it has to do with real estate investing this sub is for you! You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! Structured Deals, Flipping/Rehabbing, Wholesaling, Lending, Land, Commercial Real Estate and more! If it has to do with real estate investing this sub is for you! We would like to show you a description here but the site won’t allow us. "the market is going to implode in itself" then the very next sentence "Charlotte is in demand for moving". Too many real estate investors seem to be oblivious to the fact that the last 12 years was a QE experiment by the Fed to try and bring up stocks/housing prices. In some markets like Phoenix, Austin, Tampa, and Nashville, inventory has surpassed pre-covid levels while in other markets like Chicago, New York, and Boston, inventory is at or near record lows. The Latest Real Estate Market News, Trends & Advice For Toronto GTA and Surrounding areas Halton, Peel, York, & Durham. This next budget really has to acknowledge the economic impact of not doing anything to stimulate the housing market. For a lot of people the extra money means they are making the same or in some cases more than if they were working. That's why recession and interest rate pressure isn't really pushing down prices. As a property manager, I wanted to offer some thoughts on 2024 home buying and selling tips. Housing prices will not stabilize until local incomes support them long-term, and the main factors involved in that (income increases and price drops) move in slow motion. We are reaching crunch time because inflation is at 6/7% and the interest on a 10 year bond is 1/2%. The really troubling thing IMO longer term for housing is that while the fed is busy patting itself on the back for slowing the housing market, the rates being this high curbs new construction. There is no way that every subsequent generation can pay all the profits of ALL the generations before them, because economically that is what is happening. The only things we know for certain are that the Fed plans to pivot beginning 2024, housing is currently at historic highs for unaffordability, and markets tend to regress towards the mean. Here is what I gathered. It’s somewhat expected in certain areas now. Which long term is what we badly, badly need to keep prices from continuing to rise over the next 10 years. There are under 300 homes on the market in the greater Moncton area right now today. I personally believe there is no way to pay off the debt at this point but to inflate the debt away. The housing supply isn't going to drastically improve in the near future and demand is definitely not going down. The lower tax rates found in Tennessee and Nashville (compared to other urban centers) has attracted transplants who prefer an urban lifestyle, but are looking for a Interested in Real Estate Investing? You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! Structured Deals, Flipping/Rehabbing, Wholesaling, Lending, Land, Commercial Real Estate and more! Related Real estate industry Real estate sector Business Business, Economics, and Finance forward back r/RealEstate real estate investing landlords landlord borrowing lending mortgages foreclosure loan houses house apartment financing loans buying a house foreclosures foreclosure forbearance home buying homebuying first time homebuyer That's a lot of housing stock is effectively removed from the market, which is going to reduce supply over the long term, which will likely dampen the intensity of any residential real estate pricing correction. Those people are mostly locked out of houses. supply shortage is driving pricing now way more then purchasing power in most cases, so an increase in Reddit community for TheFinanceNewsletter. This will bring down the housing market and stock market because the only thing supporting them is cheap low interest debt since 2008. So constrained supply is paired with increased demand. Even at the height of the bubble in 2006, only about 40 percent of metro areas experienced greater than 10 percent annual home price growth. Buy the house you want and reduce the rate later or buy down the rate to a comfortable point. Paying over asking is not really the issue. Market is already down 10-15% from ath and housing still going up. Housing lags the stock market so not much of an immediate effect. The housing market is a lot less predictable than people give it credit for. Limited supply and high prices push more people to rent - and rents go up. But hey, if you think putting your money in a savings account and renting is more prudent then go ahead. Demand for housing in the Nashville market continuous to be high while supply remains low, but there are additional factors at play other than the usual supply/demand dynamics. Housing prices in LA are high for essentially three reasons: Demand is fixed or rising Supply is limited 163 votes, 390 comments. Members Online What will happen when pandemic mortgages renew? Walsh said that low affordability and lean supply will remain the dominant forces in Florida's housing market over 2024. But the housing market is cyclical. The house I’m buying has already been reduced in price from $720k in June 2022 to $600k in March 2023. com and its 50,000+ readers to debate money, finance, investing, stocks, financial news, personal finance, real estate and crypto (from different view points). I'm not talking about penny stocks or risky tech stocks. ~~~~~-- Expert in a field related to housing and would like to do an AMA either anonymously or publicly? Yes, the US could build denser housing, but as u/prescod pointed out, that's politically difficult to actually achieve. 2%) in a Power of Sale. Stats can be deceiving. Each day first time buyers are more and more priced out. The paper ignores the demand side of the market which is very uncertain as government can easily change the dynamics through migration and allowing foreign buyers. The one thing I do see if Off Market in two weeks is down slightly under 50%, that means about 50% of homes in vegas sell in two weeks or less. You marry the house not the interest rate. So people's retirement funds are literally bidding against them (and us!) in the housing market :( EDIT: Swapped Hedge Fund with 401K management Reddit community for TheFinanceNewsletter. Since then prices have Updates and news about Canada's housing crisis. Good luck with your retirement. In a market like this it takes planning and patience. Especially when banks and hedge funds own more and more houses, they will just hold through any corrections and rent them out. That's all about to end with QT. (At least at the moment) Prices really haven't dropped (at least in most markets) with the rate increase (at least not proportionally, in my market they increased in 2023 even faster than 2022). For example if there is a housing market crash in 2020, the government can increase migration quota and the rebound in housing market will be faster than expected. (Yes there are ups and downs) but overall it’s up vs this time 10/20/30/40 yrs ago. Everybody who has bought a house in the past two years with a mortgage is in a world of shit if housing prices drop significantly. Upvotes & Downvotes moderate this community! Most housing market crashes are generally caused by large recessions with mass layoffs. Interested in Real Estate Investing? You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! Structured Deals, Flipping/Rehabbing, Wholesaling, Lending, Land, Commercial Real Estate and more! Interested in Real Estate Investing? You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! Structured Deals, Flipping/Rehabbing, Wholesaling, Lending, Land, Commercial Real Estate and more! While demand is certainly take a dive, so is supply. No matter what boomers are going to be dropping like flies in the next 5-10 years and beyond and they own most of the real estate and will be forced to sell. Look at homes under your max budget and be willing to look at less attractive homes that need significant work. Ahh the Canadian real estate news… One day is a buyers market and someone is shouting “this is the best time to buy”… The very next day is the sellers market and someone is shouting, “quick, buy it now before it’s too high and too late” Reality: The best time to buy was years ago. Housing prices are blooming. The yearly growth of house prices is in the double digits. People need housing to live; other people and quote-unquote "legal persons" do not need investment returns to live. houses are really expensive almost everywhere. In other words, home sales remain at very low levels as the entire housing market has shrunk by 20% to 25% because homeowners with 3% mortgages are neither buying nor selling, so they have vanished as demand, and they have vanished in equal number as supply, and so churn is down, along with sales and supply, and Realtors hate it because they We would like to show you a description here but the site won’t allow us. 5y long housing correction seems highly unlikely now that housing prices have reached such unaffordable levels. For these reasons, it is safe to assume affordability will improve in 2024. If your horizon is a decade, you just wait for the lack of new housing supply and population growth to do the rest, as well as a likely, eventual drop in interest rates. They would owe more on their house than what it would be worth, and they would be paying a significant amount of interest over that debt. Turn your head and squint a bit, and housing looks the same. Kids will still sell and share in the profits. The extra $600 a week of unemployment from the Feds ends (unless they make an extension). The bursting the 2000s bubble involved housing prices reached unsustainable levels, interest rates started to rise and demand for housing declining. Inventory is going to go crazy, prices will fall for sure. 1. In my local market, I think the data shows that the market will definitely hit an inflection point and a downturn, but that'll just return things to what everybody would consider to be 'normal. Each have been underestimated by a massively naive market that has very few people left who have the experience of combating high inflation. It's interesting. I’ve seen perfectly decent properties sit on market for months near me in an area that had a strong property market up until the last 7-8 months. Real estate has gone up for the last 100 yrs. Add in low interest rates, housing glut, sellers market, Boomers not moving, millennials ready to buy houses, 2008 housing collapse, including builders, plus the Pandemic creating supply chain issues with material shortages, and inflation kicking off, i’d say if you are priced out now when interest rates were at an all time low, you missed In long, there are indicators of market health and alternative markets (new builds are an alternative to existing homes), demand, supply, time on the market, new build prices, new build time, commodity prices, labor prices, jobs, stock market health, economic health/unemployment etc and people can make guesses using historic data and The Latest Real Estate Market News, Trends & Advice For Toronto GTA and Surrounding areas Halton, Peel, York, & Durham. The only outlier being the 2008 recession which caused the housing market to crash was different than the others because it was caused by the housing market ( mortgage lending for unqualified buyers etc. When these buyers began defaulting en masse, the market was flooded with inventory and banks pulled way back on lending, causing prices to tumble. What I've noticed a lot is that people in favor of 'yes' make an analogy to 2008 housing market crash, and the other people in favor of 'no' make an analogy to 1981 where the interest rate hiked over 18%. 80% of those will be purchased by investors. That being said, no one knows what the housing market will do, but buying your home when they're at historic levels with the economy heading into a recession News, events, discussions, and what not from Ottawa, Ontario. If you’ve ever lived in shitty Section 8 housing you would understand the importance of investment. I mean Wayfair just laid off 13% of employees. Even under constant harsh conditions. I had a talk with many colleagues of mine and read some industry reports as well. In the past year, 80 percent of metros have seen such spikes. It A ~1. I've been thinking about buying a first home in 2024 and hearing about mixed sentiments around a looming housing market crash. 2008 was the exception. The investor-funded housing "shortage" is a solid play for institutions that are predicting the end of the longest bull market in history the bull run that began immediately after the last housing crash I read an article the other day, talking about 401K Management companies that work with larger companies, are entering the housing market and purchasing houses (with 401K funds) as investment. Real estate and the stock market are always good investments in the long run. Some points they were making were that in the past 6 recessions, housing market actually went up slightly. Those that do are better served getting rich by being right than educating the rest of market. Real estate is local. So yeah, I guess if we go into a recession the housing market will loosen up, but that also means that fewer people will be able to buy houses anyway…so, not ideal for anyone. I live in a market where there's everything from derelict Victorian town houses to trailer parks to 150k starter homes to basic post war suburbs to McMansion neighborhoods to Million dollar+ old money mansions. This housing market theology that a "home is a forever appreciating asset" is doomed to fail as it is doing now. Just legislate against using housing supply meant for long term housing, for short term housing. com and its 50,000+ readers to debate finance, investing, financial news, personal finance, real estate, stocks and crypto (from different view points). Upvotes & Downvotes moderate this community! The problem is the job market crashes for the poorest first. ' But I definitely don't think there's going to be a real estate crash, especially not the extent we saw in 2008. That's massive and there are few buyers who can stomach that increase. While it's hard to time the housing market perfectly, there are things we can do to position ourselves and our properties well. It's really just a question of what happens from now until then. I'm talking about well-established companies that pay good dividends. SFH Months Supply is at 2015 levels for SFH. . For reference on the Great Recession, stocks bottomed in March 2009, while real estate didn’t bottom for another 42 months. Housing is also supply/demand I don't think there will ever be an 08 housing crash again. If I look at Redfin's Weekly Housing Market data Vegas median sold price just went up again, and active listings are still down over 50% compared to 2019 with months of supply just at 87 weeks. I've been looking at houses recently and have noticed two things. Someone with more reddit Karma, should just create a thread asking net worth, yearly income, and occupation to see what people are competing against. Homes are more expensive in the summer, and typically drop in price during the winter (The last few years being a notable exception). I'd argue crash is a bit of a loaded term. Saw an article saying FL housing market was the biggest bubble and was cooling. Members Online Scarborough Detached House sold for a loss of $475,000 (32. With the state's strong economy and favorable housing prices, investing in Texas properties seems like a promising opportunity for both buyers and investors. Buying one requires 5 - 10 salaries for the average person. I see lots of data that indicates that the "freeze" we read headlines about in residential real estate is very real and I'm wondering what the prevailing theory from those engaging in the market at present is for how sales volume increases and how prices will continue to rise from the point we got to today without the answer "interest rates I know Reddit views real estate investors as the devil…but if there isn’t an economic benefit to improving housing, they would for the most part be dilapidated. As someone who personally argues with NIMBY neighborhood groups trying to rezone in-town parts of a major metro to prevent density, I can tell you that convincing people to make their neighborhood more dense is very difficult. Some argue that real estate is the best investment, while others point out the challenges and risks of homeownership. 2. The housing market could get volatile in such conditions, as prices dip for years. As someone closely monitoring the Texas real estate market, it's exciting to see the potential for growth. Housing market takes years to shift. qhy jqcc esows vurc nxnhbdv wkqfg nbhagj dpng eikg dyrq