Buyers shifting towards more expensive homes, Realtor.com's Danielle Hale
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- Опубликовано: 25 июн 2024
- Danielle Hale, chief economist at Realtor.com, joins CNBC's 'Squawk Box' to discuss why home prices are at record highs, market trends, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Tell me ‘there is no middle class’ without telling me ‘there is no middle class’
Haha
Not quite that bad, but yes.
The switch to more expensive homes on average is not a change in buyer preference. It’s the complete absence from the housing market of people whose incomes aren’t in the top third
Yeah, just read an article this morning about how the middle class has been shrinking, the lower class expanding and the wealth of the upper class is increasing and it increases at a higher rate the higher up in the upper class you are.
The only ones buying homes right now are companies to keep driving prices up
Someone mentioned that trading cryptocurrencies is much more beneficial than holding them long-term, but I don't know who to seek advice from or who could trade for me.
thats true VENTURING into the trading and investment world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Christen wilburn
Christen wilburn was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from christen wilburn.
Thanks you Christen wilburn Despite all the financial struggles i and my family faced, everything is finally falling into place! $67,000 monthly profit and riches I'll always praise the Lord!!!
You trade ?? Wow that's huge, how do you make that much monthly?
My taxes and my insurance are more than my mortgage. It is all part of the housing problem.
Mine is not, and i have 15 year mortgage
A high vacancy tax is one of the best partial solutions
When people hoard a basic human need that there is a shortage of, make ‘em contribute more to the society that they are damaging.
@SigFigNewton i think you will have a hard time proving that a house is a "basic human need". People can live in apartments, condo etc. I do not believe there is a shortage across the board.
Houses are only for people who already own houses 🥲 the age of an average first time homebuyer is now 36, literally getting near the tail end of a woman’s fertility window. So depressing
So a woman can't have a child while living in an apartment or condo?
@@vladseva2327so you prefer to downplay severe downturns in prosperity?
@@vladseva2327 We have migrants, dont need new Americans
@SigFigNewton no, i agree it exists. But people have to adjust and persevere instead of complain in vain as the post above does pretending that a home is mandatory to have a kid.
That's life. You had to party and believe you had time.Well 36 you hit the wall 6 yrs ago 😅
house is worth 550k bought for 270k in 2018. Looking at homes 700-900k now because ours is paid off and we have so much equity now to work with. Taxes and insurance are holding us back though. Insurance likely 10k and taxes likely 15-20k.
You don't have equity. You're just trading dollars for dollars.
What state is it in?
Yeah. Inflation adjusted insurance costs gonna keep going up with greenhouse gas concentrations
It's expensive. Not moving on any transaction until interest rates decrease .
57% of all homes in the USA have some big equity people been paying for 40years
Cash them all out $5T hidden market 💸 💰 🤑 💲 💵
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated..
You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L.
I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
nice! once you hit a big milestone, the next comes easier. How can i reach him, if you don't mind me asking?
I've just looked up his full name on my browser and found his webpage without sweat, very much appreciate this..
With tens of millions of illegals in varying stage of being "housed" using deep-pocketed taxpayer dollars, real estate prices will be pressure upward regardless of what the FOMC does with rate policy. The fact that the FOMC refuses to acknowledge how fiscal policy is adding to inflation is concerning.
We can blame Powell #2, never works !
This is a crash in the making, with unemployment coming up we are in deep 💩
No es cierto señor. Así no funcionan las cosas. 😂
Record rip off I’m getting rich renting rents can not go any hire or there will be hell
What are those people after Millennial’s?
🤦🏻♀️🤣
Gen Z
&
Alpha
@@zcorpalpha2462 guess my emojis didn’t display my sarcasm. I repeated what was said in the video in shock he didn’t know what they were…