Housing will see a slow and bumpy return to normalcy, says Black Knight's Andy Walden
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- Опубликовано: 21 авг 2024
- Andy Walden, Black Knight vice president, joins 'The Exchange' to discuss mortgage demand and the housing sector. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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If by Normal he mean's Prices staying well above $350,000.00 ? The Middle Class and 1st Time Buyers will never be able to afford a Home in America .
were seeing the 2nd biggest home crash since 1940 right now its offical its been official for several months only question is how deep so what your watching is a proven lie not sure if you were aware just letting you know . things are getting better each month then they have been in a decade atleast if you have cash
We have record housing construction that isn’t yet part of the inventory. What happens when all those homes hit the market
dont worry a lot of cash buyer waiting. Actually builders learn their lesson on inventory managment before 2000, so they will limit their loss.
Will never know in MI lol
Regardless.. builders won't dump everything at once. They know what that'll do.
It's the same story every time with more exaggerated numbers. We're gonna see a record crash lol.
One of the points people have not focused on, what happens to housing inventory when unemployement rises to at least 4.5% over the next few months
Housing inventory or housing demand? Because that's what's gonna crash the housing market just as it did every other time.
@@dwadedunkedkobe Both. Increase of inventory and decrease of demand.
@@haledhajdari1154 Bingo.
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Return to normalacy? This guys delusional
*guy's
@@mysticaltyger2009 relax pal it’s Twitter. Not Harvard. You obviously have a small fella lol
Define "normal".
In Monty Python and the Holy Grail, the black knight was a delusional fool who believed in his own invincibility, even when he'd had all his arms and legs chopped off.
Housing prices are going to crash HARD. The "housing shortage" is caused almost entirely by investors hoarding houses, but that won't last forever. I'm seeing houses for sale that were clearly bought by investors who wanted to rent them out or flip them and have now changed their minds. Expect a snowball effect and a snowball rolled from the top of a mountain becomes an avalanche at the bottom.
Think of all the people that are broke right now. When prices keep dropping they won’t be able to borrow against their house and credit cards are way to expensive. I feel like people are going to try and sell before all of the equity is gone. The fear will start pretty soon. We shall see.
If you can afford to do not buy now. I was thinking of buying beginning of fall but now im think spring of 2024. Houses around me are 3 times the price of what they sold for 4 to 5 years ago
Get Corp investors out of home buying.
Normal only happens if rates don’t keep flying up and homes drop dramatically in price. I recall a few months a to realtors were saying “normal spring selling season” .. that hasn’t materialized
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Putting rates this low created two classes.
THIS GUY IS CLUELESS!!!!!!!!!!!!
Only reason govt let Adjustable Mortgage options is to keep the market inflated .. No one knows what rate will be next year. Just like 2008, alot of loans were interest only loan for fixed time until they flip the property, but when market went south they were force to leave.
Normal would be about 50 percent off here in south Florida.
middle class will never afford a house and a car again.
No, just for the next 5 years
But rates are going back up. 😊
It would be absolute madness if it dropped to 5%.. lol
These people have no clue what they are talking about! Housing market will crash. Can’t wait to see that party.
Based on what? The market doesn't care about your feelings.
CNBC it's ok to same the word crash once in a while.
🔮 real estate will crash
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