Housing market is too far gone.
- Thread starter randomous
- Start date
A week ago there was 96% confidence that the Fed was raising rates by 50 basis points with only 4% projecting a 75bps increase. Then the horrific inflation data came out and now that probability shifted to 91% probability of a 75bps increase, and only 9% probability of the 50bps. That's what has caused everything to go haywire in bonds recently.
stevezissou
OT Supporter
REAL ESTATE
www.cnbc.com
Real estate firms Compass and Redfin announce layoffs as housing market slows
- In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
- Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.38% now, according to Mortgage News Daily.
- Home sales have been dropping for several straight months, and the fall is expected to worsen.
Real estate firms Compass and Redfin announce layoffs as housing market slows
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
goodREAL ESTATE
Real estate firms Compass and Redfin announce layoffs as housing market slows
- In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
- Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.38% now, according to Mortgage News Daily.
- Home sales have been dropping for several straight months, and the fall is expected to worsen.
Real estate firms Compass and Redfin announce layoffs as housing market slows
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
Boudreaux
OT Supporter
Have RV prices gone down?
Want to trade in my TT for a Class A....
Prices don't seem astronomical but I don't know what they were a couple years back.
Bit nervous as I work for a homebuilder + joint ventures & all their finance arms
REAL ESTATE
Real estate firms Compass and Redfin announce layoffs as housing market slows
- In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
- Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.38% now, according to Mortgage News Daily.
- Home sales have been dropping for several straight months, and the fall is expected to worsen.
Real estate firms Compass and Redfin announce layoffs as housing market slows
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
stevezissou
OT Supporter
Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid 'Bidenflation' and spiking interest rates
- Asking prices have plummeted by up to $400,000 in wealthy areas while poorer ones saw falls of $115,000
- The round-up revealed the top ten cities across the country where the median price for homes have dropped
- Toledo in Ohio topped the list with an 18.7 per cent fall, while Richmond in Virginia was tenth with 3.4 per cent
- Meanwhile a separate report found one in 20 sellers dropped the asking price for their home in April and May
- Despite the apparent trend, New York was one city heading in the other direction as real estate prices spiked
Property prices have fall up to 10% in US as nation faces Bidenflation
Property prices are falling across the United States as buyers adapt to soaring inflation under President Biden's administration, with data showing one in five sellers dropping prices
Where are all those who doubted me that we needed to raise interest rates and the market would come down?
@Mejnoon especially.
FED will raise at least .75 tommorow. Crash incoming and GOOD it needs to.
Menger
OT Supporter
- Nov 23, 2011
- 23,483
Toledo what? Houses aren’t worth 200k there lol
DailyMail eek
DailyMail eek
You’re looking at asking prices, not soldsProperty prices PLUNGE by up to 20% across parts of US as buyers shun the market amid 'Bidenflation' and spiking interest rates
- Asking prices have plummeted by up to $400,000 in wealthy areas while poorer ones saw falls of $115,000
- The round-up revealed the top ten cities across the country where the median price for homes have dropped
- Toledo in Ohio topped the list with an 18.7 per cent fall, while Richmond in Virginia was tenth with 3.4 per cent
- Meanwhile a separate report found one in 20 sellers dropped the asking price for their home in April and May
- Despite the apparent trend, New York was one city heading in the other direction as real estate prices spiked
Property prices have fall up to 10% in US as nation faces Bidenflation
Property prices are falling across the United States as buyers adapt to soaring inflation under President Biden's administration, with data showing one in five sellers dropping priceswww.dailymail.co.uk
Where are all those who doubted me that we needed to raise interest rates and the market would come down?
@Mejnoon especially.
FED will raise at least .75 tommorow. Crash incoming and GOOD it needs to.
We already established that many markets were seeing aspirational pricing - they’re coming back to reality. Sale comps don’t show a substantial decline in values and aren't likely to in most markets any time soon.
reported for POL contentProperty prices PLUNGE by up to 20% across parts of US as buyers shun the market amid 'Bidenflation' and spiking interest rates
- Asking prices have plummeted by up to $400,000 in wealthy areas while poorer ones saw falls of $115,000
- The round-up revealed the top ten cities across the country where the median price for homes have dropped
- Toledo in Ohio topped the list with an 18.7 per cent fall, while Richmond in Virginia was tenth with 3.4 per cent
- Meanwhile a separate report found one in 20 sellers dropped the asking price for their home in April and May
- Despite the apparent trend, New York was one city heading in the other direction as real estate prices spiked
Property prices have fall up to 10% in US as nation faces Bidenflation
Property prices are falling across the United States as buyers adapt to soaring inflation under President Biden's administration, with data showing one in five sellers dropping prices
Where are all those who doubted me that we needed to raise interest rates and the market would come down?
@Mejnoon especially.
FED will raise at least .75 tommorow. Crash incoming and GOOD it needs to.
trust him bro, he does taxes for a livingYou’re looking at asking prices, not solds
We already established that many markets were seeing aspirational pricing - they’re coming back to reality. Sale comps don’t show a substantial decline in values and aren't likely to in most markets any time soon.
This is a solid analysis
There are an enormous number of housing units under construction,” says Bill McBride, the author of the blog Calculated Risk, who in 2005 correctly predicted the housing bubble and has since become one of the most reputable sources for housing market analysis. McBride says that housing price growth is going to slow and may flatten by the end of the year, as demand wanes and more supply comes onto the market. There is currently about two months of supply of houses on the market in the U.S., meaning it would take two months for all the homes available to sell, given current conditions, but McBride predicts that prices will stall if that amount reaches about six months worth.
time.com
There are an enormous number of housing units under construction,” says Bill McBride, the author of the blog Calculated Risk, who in 2005 correctly predicted the housing bubble and has since become one of the most reputable sources for housing market analysis. McBride says that housing price growth is going to slow and may flatten by the end of the year, as demand wanes and more supply comes onto the market. There is currently about two months of supply of houses on the market in the U.S., meaning it would take two months for all the homes available to sell, given current conditions, but McBride predicts that prices will stall if that amount reaches about six months worth.
Signs Are Pointing to a Slowdown in the Housing Market—At Last
The U.S. may be at a crucial juncture, at which a lot of properties are coming onto the market just as demand slows, analysts say
time.com
Boing
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- Jun 30, 2007
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Menger
OT Supporter
- Nov 23, 2011
- 23,483
With lumber prices dropping like 50% I was just going to continue with my shop project and wait and see about a pool or any other upgrades. But now I'm wondering if I should just wait on everything. If we moved we wouldn't be cash buyers but we have a pretty decent amount to put down before factoring the sale price. Assuming the market doesn't tank to below 2020 levels and now we are upside down.
stevezissou
OT Supporter
Twinsen
Resident Negro
Twinsen
Resident Negro
Menger
OT Supporter
- Nov 23, 2011
- 23,483