Why 2024 signals 'great growth' for the housing market
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- Опубликовано: 5 июн 2024
- Housing starts dipped in December while permit growth continues, which NAHB CEO Jim Tobin told Yahoo Finance signals a "housing renaissance" ahead in 2024. He believes the data shows the market pivoting into an era of "great growth" after a drastic post-COVID slowdown.
Though mortgage rates remain high, Tobin expects potential lowering in six months as traffic rises at model homes, indicating renewed spring homebuyer demand.
"The world is getting ready to realize that we're no longer gonna back those three and four percent mortgage rates," Tobin tells Yahoo Fiance, adding: "and there's gonna be a generational shift here that mortgage rates at five in the long term are still really good low rates."
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Yahoo finance should be interviewing more economists and less real estate insiders if they want to get an accurate forecast of what the housing market is going to look like in the future. No realtor/broker/builder is going to give you a truly objective opinion, they all have a vested interest in painting the rosiest picture possible of the housing market.
Just buy now and refinance later😂🤣😅
Better than listening to clueless dumb crash bros for sure though 😂😂😂
It is good to have both on
it is almost always a good time to buy house for someone 😂
@@zhehou844 For your real estate agent maybe.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
I wonder how many people can actually afford these homes?
This is the complete opposite of what all economists are saying. I wonder what he knows that nobody else does.
Who’s going too buy? Other than Wall Street high levels of debt interest COl not to mention most houses are far bigger than most need.
What matters is the price. Not mortgage rates. Rates are still too high but price is not coming down which is what has frozen the market. At some point we may have massive crash.
Blackstone bought up Tricon Residential a few days ago. They didn't grow into a trillion dollar equity by not knowing most near future sector trends.
Yeah what ever for rates what's about price coming down.
Reasonable Demand gives the Growth.
OH, you're going through a divorce? And you lost your job.....guess what!!!!! It's the perfect time to buy a house 😂
100% gain in the past 3 years, another 100% gain next 3 years!! Let’s go!! 😂😂