When is the Best Time to Buy a Home?
HTML-код
- Опубликовано: 30 сен 2023
- The most recent housing data shows that home prices were DOWN 9% last quarter! If you are looking to buy a home, should you wait for prices to drop more? Or is now a good time to buy?
Jump start your journey with our FREE financial resources: moneyguy.com/resources/
Reach your goals faster with our products: learn.moneyguy.com/
Subscribe on RUclips for early access and go beyond the podcast: ruclips.net/user/MoneyGuySho...
Connect with us on social media for more content: moneyguy.com/link-in-bio/
Take the relationship to the next level and become a client: moneyguy.com/work-with-us/
Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
Have questions about how to buy a home in this crazy market, want to learn ways to beat the system, or curious about common mistakes home buyers make? Check out our Money Guy Guide to Buying a House!: moneyguy.com/article/buying-a...
The time to buy is when people start asking the money guys when they should sell their house
There’s a lot of question marks in the future of the housing market. What will the startups in student loan repayments do to the housing market if anything? What happened to all those houses that should have been foreclosed on in the pandemic but were under moratorium? Are they just lagging in catching up? What will the effect of the upcoming 2024 elections have on the economy/market/housing? And, actually, there is more inventory out there than people think, it’s just not in places people are thinking of moving to. Just look at all the small towns where many homes lie empty.
If market timing is risky for stocks, it's even more so for your primary residence.
Is now really a good time to buy a home? I hear it's going to be a madhouse in couple of weeks. Just sold few houses in Tampa area for pretty good cash and I'm about converting to stocks while home crash sets to happen. I just want to preserve and keep growing my wealth.
The home crash is not going to happen until people vote to bust the homeowner cartel.
The best time to buy a house was twenty years ago………😐
Best time to buy the house depends on your life situation
This. You buy a house when you know you're going to live somewhere for 10+ years.
Interesting times for sure. I think the longer rates stay high the more of a supply shortage there will be, and that will hold up prices. Demand is going to continue to increase as more people continue to reach a stage of life where they’d like to buy, but the previously existing demand is still there. I also think the housing supply is practically much lower than the numbers show. There are plenty of houses for sale that are technically counting as supply but they’re in bad shape, middle of nowhere, bad school district, outdated, etc. Which effectively means the supply of houses people actually want is potentially much smaller.
Never. Inheriting one is much better. 🤣
It’s not right now !
Maybe for you. People who are having kids are probably going to stay put for a long time.
@@spacetoast7783 they’ll have plenty of time to save for a down payment
While I wait for a housing bubble to bust and attempt to avoid inflation, I recently sold a couple of residences in the Tampa area for a respectable profit, and I'm thinking about investing the money in stocks. But is now a wise moment to buy stocks? I understand it's a madhouse right now, therefore I'd love to hear how folks are consistently making significant six-figure profits.
True, I was in a bind myself because of this chaotic market; I wasn't sure whether to sell or hold off a little longer, as 75% of my portfolio was in the red, and the outlook for the economy wasn't promising, but I started to gain clarity and gain more confidence in my investment through a stock advisor. I know most DIY investors like me would argue that advisors aren't necessary, but come to think of it, they're better trained and equipped at this, so I’m cool with it.
@@danieljackson87 This year's money, omg? This morning I was reading an article on Bloomberg on ways to profit from the current market slump. But since I'm a total rookie, I don't comprehend the majority of it. Who is this person giving you advice? My portfolio is giving me serious troubles right now.
I'm not sure if new applications will be allowed since Julie Anne Hoover is the mentor to me, but you can try. She is regarded as a valuable consultant. Instead of merely giving her phone number, which wouldn't be suitable, you may Google her name to find her website.
@@danieljackson87 After looking at her credentials and resume, I checked her out and can understand why you said she is probably booked up. Nevertheless, I planned a meeting with her.
Prices may be down right now because of high mortgage rates and all the doom and gloom in the media, but the demographics point to real estate values continuing to rise. The supply of homes compared to the number of people who want to buy is at an all time low, and this ratio will take many years to bring back into balance.
Unless interest rates continue to rise which both quashes demand and could force a recession.
Supply can start to become more robust when homes hit the market when job loses are happening. Not to mention when commercial real estate that’s going to hurt worse by interest rates could force many big corporate real estate holdings to offload their residential holdings to cover the loses in their commercial sector.
Stop pretending like demand is going to continue if interest rates keep going up. At some point people are going to not spend $5000 a month on a overvalued house. If interest rates keep rising prices will have to fall.
Don't buy a home now, wait till rates go down and prices go up, this way you will feel like a winner.
It's all a fucking wash, lol.
First