aaaah.... These real estate gurus just don't get it... The first-time home buyers who are waiting on the sidelines know that the markets are OVERPRICED, and until renting is more expensive than buying... we are good over here! it is not about the interest! Clearly a lot of sellers who have 3% mortgages are selling because they bought too many houses! do not make the same mistake, guys.... these house prices simply MUSt go down!
Housing prices don’t seem like they will go down. If they do doesn’t look like it would be anything significant. If plp are waiting for home prices to go down good luck. Home owners are sitting on low interest rates and a lot of equity… no one is selling anytime soon. Only hope is a whole lot of new construction homes being built at affordable prices
@@anthonyhackett569 Prices are already declining relative to incomes. Absolute levels will trend slightly lower over time while incomes raise with inflation. As that gap grows, it's the same as a price decline.
there's no positive anything about the real estate . the only postive thing is for real estate agents maken that commission on over priced homes free money
@@Bobbyrealtalk369 Vehicle financing mainly. My wife runs a daycare. Net together approximately $150k. We will be buying an investment property next month. Have one other we bought for $115k in June 2021. Value now $150k conservatively (condo.) What do you do? Approximate income. And your husband’s income? -Curtis Loew
Key is supply and demand balance. Supply is very low so you don't need every buyer to rush out buying. You only need some marginal buyers to keep in balance. It's not hard to understand but people don't get it
@@legendbe2023 supply and demand both are at record low levels. It won’t take a “flood” of inventory to bring downward price pressure so long as demand stays this low. My point is demand will not “surge” if interest rates fall from 7 to 6 because these prices were first set at 3
You got the idea. The balance is hard to break because rate changes move supply and demand to the same direction keeping the balance. The aftermath of feds extended period of zero rate has caused significant damage to the market and the locking effect will last a decade or even longer. We will have lower volume for a long time. Prices on the other hand will not crash as most people hoped. Higher price and low affordability could last for a long time. A deflating baloon maybe the situation instead of a bursting bubble. Time will tell.
@@legendbe2023 well even the “biggest housing crash of all time” was a six year grind from peak to trough. I agree there won’t be a day we wake up and house prices are suddenly down 20% like can happen in the stock market.
Is BlackRock the controlling interest in Riomar Capital? .... The way this guy narrates, he'll be replaced by an AI App within months. Better start looking for another job, bud.
Always great information
Looking positive to me… finally turning!
aaaah.... These real estate gurus just don't get it... The first-time home buyers who are waiting on the sidelines know that the markets are OVERPRICED, and until renting is more expensive than buying... we are good over here! it is not about the interest! Clearly a lot of sellers who have 3% mortgages are selling because they bought too many houses! do not make the same mistake, guys.... these house prices simply MUSt go down!
Supply and demand.
Housing prices don’t seem like they will go down. If they do doesn’t look like it would be anything significant. If plp are waiting for home prices to go down good luck. Home owners are sitting on low interest rates and a lot of equity… no one is selling anytime soon. Only hope is a whole lot of new construction homes being built at affordable prices
@@anthonyhackett569 Prices are already declining relative to incomes. Absolute levels will trend slightly lower over time while incomes raise with inflation. As that gap grows, it's the same as a price decline.
@paulp33 exactly the smart buyers are not paying over asking and have regrets like 50% who bought in the last 3 years...lol
@paulp33 low interest means nothing when you have no job....lol
Another good indication, that I don’t altos does, is new purchase applications.
probably because they are at extremely low levels that haven't been seen in 30 years
MORTGAGE RATES STAY WHERE THEY ARE, or go up! Money cannot be lent out for free people!
interesting about Indianapolis...very different from Chicago
Indy and the surrounding is definitely a different market. It's what keeps me here!
there's no positive anything about the real estate . the only postive thing is for real estate agents maken that commission on over priced homes free money
What do you do for a living? You don’t want people in the real estate industry to make money?
-Curtis Loew
Making money on others investment. No they need not to make money on commission . They should have set rate no matter the value of the property.
What do yo do for a living
@@Bobbyrealtalk369 Vehicle financing mainly. My wife runs a daycare. Net together approximately $150k. We will be buying an investment property next month. Have one other we bought for $115k in June 2021. Value now $150k conservatively (condo.)
What do you do? Approximate income. And your husband’s income?
-Curtis Loew
If this is positive, we have looking way to go.
Pathetic inventory.
Looks kinda dismal
These prices made sense at 3% mortgage rates. Falling from 7% to 6% isn’t going to cause everyone to “rush out and buy.”
Key is supply and demand balance. Supply is very low so you don't need every buyer to rush out buying. You only need some marginal buyers to keep in balance. It's not hard to understand but people don't get it
@@legendbe2023 supply and demand both are at record low levels. It won’t take a “flood” of inventory to bring downward price pressure so long as demand stays this low. My point is demand will not “surge” if interest rates fall from 7 to 6 because these prices were first set at 3
You got the idea. The balance is hard to break because rate changes move supply and demand to the same direction keeping the balance. The aftermath of feds extended period of zero rate has caused significant damage to the market and the locking effect will last a decade or even longer. We will have lower volume for a long time. Prices on the other hand will not crash as most people hoped. Higher price and low affordability could last for a long time. A deflating baloon maybe the situation instead of a bursting bubble. Time will tell.
@@legendbe2023 well even the “biggest housing crash of all time” was a six year grind from peak to trough. I agree there won’t be a day we wake up and house prices are suddenly down 20% like can happen in the stock market.
Have you seen how dumb people can be??
Is BlackRock the controlling interest in Riomar Capital? .... The way this guy narrates, he'll be replaced by an AI App within months. Better start looking for another job, bud.