Housing prices rise despite more supply: Here's why
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- Опубликовано: 8 июл 2024
- CNBC's Diana Olick joins 'Squawk Box' to discuss the housing supply impact on prices. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.
In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.
Do you mind sharing info of your advisor? I need help.
'Melissa Elise Robinson' is the advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.
@@SarahOlivera-t4z That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.
@@BarbaraLouise-i3r That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?
@@FolarinSodiq Victoria Carmen Santaella is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.
@@BarbaraLouise-i3r I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
How about building affordable homes??? Or not allowing hedge funds to buy neighborhoods???
They want to make as much money as possible and quickly. This is the new get rich quick scheme.
That’s communism
Notice how they don’t mention if corporations are buying these new homes, adding new homes means nothing if they are not bought with the intent of people living in them. Corporations should not be landlords
The issue is these corporations buying up residential areas. How is it considered residential area if all of the properties are owned by a corporation who are operating a business through these properties
And the price of the new homes are double the price of the existing homes. 30 year old don’t have a way to pay for them. Especially the mortgage rate.
I don’t think age has anything to do with it lol
Houses priced below the median sell in one week.
Not in Phoenix. Inventory on lower priced homes is increasing faster than higher priced homes and they are sitting with many vacant. Texas and most parts of Florida as well.
Glad they count permitted houses and houses under construction in their definition of “supply.” Really takes all meaning out of the word. The 20% finished is what matters. So not 9 months of supply, 1.8
By far the dumbest comment I’ve read today. Thank you.
Decreased interest rates is inflationary
If people stop buying and those prices will come down. Boycott
STUPID ON STEROIDS
Bubble about to burst
No, we are not in a housing bubble. We were the last time, and I called that in 2004. This time we just have the largest generation ever trying to buy homes, and there are not enough, thanks to 2010 lending regulations that slowed building growth what we needed.
Why are there a bunch of new homes sitting on the market then? Where are all those buyers clamoring to buy whatever scraps they can? Oh wait, they already bought! 😆
Wrong. Boomers don’t need to worry about selling and interest rates if they can pay cash for a home when downsizing.
My boomer parents bought in 1980 on Long Island. Price, rates, and inflation were so high, we had to move out to the boobies and my father had a long commute everyday. Now they are good, but for the first ten at first ten tough, then we moved out of state to a less expensive state. Why are young people no longer relocating like past generations? My cousins and many of my friends on Long Island moved out of state, many to the Carolina’s where it’s significantly less expensive. They sell their tiny homes and bought McMansions. Why are people no longer doing this?
Yet!., Major Retail Chains Stores & Restaurants going Chapt 7 Closing!
Yeah, cause retail and waiters buy houses..😂
@peterbedford2610 ..I'm your dreams!
Lots of people ditched high prices areas and bought affordable housing stock (and also jacked up the prices in the process) and now those companies can’t keep people employed to operate properly. Same goes for Airbnb destinations, if everyone is working from home who’s going to work the graveyard shift at the gas station?
All is well folks! Keep buying!💪💪💪
Have you seen those cookie cutter tier 1 new homes? Surprised it only takes 9 months to offload them.. yuck!
People paid so much money for homes in 2020, 2021, that they cant get out of them. 🤣
Rates were 2%-3% of course they can’t get out of them because they choose not to sell
@@EdwinGarcia-bn2lw
Pretty clear you don't know much about the housing market
We recently bought a newly built retirement home. Nice to have a warranty and less maintenance. Previous older homes maintainance costs thru the roof
Many do not want to move from their previous 3% mortgage
Many builders offering mortgage discount first year.
How does current homeowners sitting in their current homes instead of buying their next ones constrict supply if those supposed "next homes" are instead now available for everyone else to now buy?
Exactly. If sellers aren't selling, they also aren't buying. So their is a slim pool of buyers left.
In the past it was common for elderly people to down size and sell single family homes to young families while moving into condos or town homes.
Now they do not because they have low interest rates and also are the generation of "whoever dies with the most toys wins" So they HODL instead of downsizing and pulling out their equity.
They also don't need the equity from their house because they have voted themselves huge social security payments that are bankrupting our country at the cost of the young working age population.
DING DING DING! There’s not enough people (demand) to buy those homes. If someone is buying a home I’d imagine they’re going to be pretty serious about it. However, sales are at one of their lowest levels in history. This tells you one thing: There’s no demand.
Housing prices have been falling over the last decade when measured in the Bitcoin system I use. I imagine it’s having an opposite reaction from the fiat system that is counterfeited by a few.
I do get it why media telling the truth 🤷♀️🤷♀️🤷♀️😮😮🙃🙃🙃🙃
New homes are junk.
FOMO?
Homes are sitting in 87 of the top 100 markets in the country. No one is buying a house except for the north east and CA.
Just rent.
Supply and demand ppl won’t buy
Have no fear a reccession is here. No matter what most people are saying, the economy has lost 1.6 million jobs in the last 12 months. Excuse me for the reality .
non buyers then drive up rents.
The dollar becoming so devalued from all the inflating of monetary system through QE,PPP, Unemployment, causing inflation. Gold over $2400/ounce reflecting devaluation. Home prices will thus not drop too much as so many more dollars needed to buy the same thing. Yes, inflation slowing which means still rising but slower pace.
Banks underwater with commercial real estate. Banks underwater with all these 3% 30 year mortgages. Banks being hit by more bankruptcies because of historic 1.3 trillion credit card debt. Car dealerships overstocked, LOT ROT. Car give it back crisis, repo’s etc. banks pulling away from car
Loans
Your house will make you poor.
But I can tell everyone I am a "homeowner"
I’m up $100,000 in 2 years. I had to paint a couple rooms 🤷♂️
Did you try selling it? 😆
Think inflation is bad when you own appreciating assets? Try inflation when you own none 😳
It’s a bubble
If a baby boomer downsized. Wouldn’t they pay cash for the new house?
That all depends on how much equity they have. My parents did that, but my in-laws mortgages their equity, so they would be like first time buyers. Keeping up with the jones is just not worth it.
The 10-2 has yet to reverse course. It is a possibility to see housing dip. I had a dream 2 weeks ago that housing was dipping in February. The 7 million immigrants make me believe housing will continue to go up. It's interesting seeing the lower end housing get bought up.
But is supply outpacing demand?
Yes. Inventory up 30% nationwide, much higher in most Southern states.
Bitcoin > Real Estate. I'll pass on the golden handcuffs, taxes, upkeep
I’m already 90% all in on crypto. SOL and Doge are going to make real estate returns look like a peasants investment income.
There are tens of millions of illegals in various stages of being "housed" using deep pocketed taxpayer monies, therefore it doesn't matter what the FOMC sets rates at. If you want to normalized the real estate market, you must change the fiscal policy which can only happen by removing the Democrats.
you wouldn’t be here if it wasn’t for the Magnuson Act so you’re a f@&kin hypocrite!!!!
Immigrant calling others illegals is the height of hypocrisy.
@@kalijasinnice joke. But a legal immigrant came with permission where as a illegal gate crashed.
She’s lieing
She has to lie or she doesn’t get paid.
Until affordability is addressed, the housing market will continue to have issues. Interest rates are an issue, but nowhere near as big as affordability.
Yup rich get rich and poor poeple wont ever buy a hoise 105,000
Nah. Just gotta ride the wave and be patient. I bought plots of land for $500 each in a few cities in 2010 and sold the majority to developers who built condos, breweries and manufacturing plants. I won’t tell you how much they paid but I can tell you these guys were absolute idiots. Being rich doesn’t make you smart-
I call for a SOCIAL REVOLT!
its just like stocks, and the economy. The market is bifurcated, only the expensive homes in high quality areas are going up
No prices are going up. Uneducated buyers will always over pay at the tail before major crash.
Both domestic and foreign investors park funds in SFR homes. Congress needs to step in and forbid this.
Congress needs to 3-4X the cap gain exemption on sale. Boomers don’t to sell due to massive appreciation over the past 40 years, which will trigger huge tax liabilities. UPDATE THE DAMN TAX LAWS!
No. It’s already very generous. Maybe kick out the time you have to be in home or set up different tranches. Like if you’re in a place for 30 years. Gain in sale is fully exempt from AGI
Housing prices, apartment rents, the OPEN borders, economy, crime out of control this is what is on Americans minds.
I want to invest roughly $700,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or ass:stance. Speaking with an expert helped me stay afloat and grow my portfolio to about 65% since June, even though i know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.