Housing: ‘Buyers definitely do have the upper hand,’ expert says

Krystle Moore, Pacific Shore Capital CEO, and Kenny Simpson, The Simpson Team Mortgage Advisor, join Yahoo Finance Live to discuss the real estate market and trends in the housing market.
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[sunshineonme]

Would imagine the US also had less 'precarious' work and stronger jobs involved in producing things and where an individual could work for life, afford to raise a family, earn an honest living etc. also not as much financialization of everything too. I'm not so sure that housing price charts alone offer too much for sake of comparisons.

[henrymaverick]

Thanks for the insight, but I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks. I still hold enormous value of cryptos and it scares me. Whats your take on this?

[YT_C]

Shift in favor of buyers - Is it a joke? Prices are way too high than the affordable prices. We have low inventory and high greed in the market.

[JC.LC.]

Don't buy yet, no matter what this people say.

[trapOrdoom]

Lmao don’t buy. This shits just getting started ladies and gents.

[JK-mhld]

They keep saying low inventory? Not from what I see.

[peteryates]

If you are a buyer…look at the pricing trend from 2015 to 2019….project that line to 2022….that’s your buy price

[sinforoso]

The new narrative to draw people in "buyers have the upper hand". While prices are still carrying the effect of low interest rates, sellers have the upper hand. Buyers need to sit back and let the market correct. Buying with both high prices and high interest rates is a very bad recipe.

[luckoftheirish]

What about a retracement to pre-pandemic prices?

[miamielite]

WE HAVE A SHORTAGE OF HOUSING UNTIL WE DONT

[ThinAirElon]

These guys are in different world … for instance austin TX has lot of price cuts

[dsdrty]

Lmao, listen...if I'm a buyer, I'm waiting for months and sitting on what I have until that 37% correction happens. They are building. They are building big, because of spec. Don't listen to agents when they have their hand in the pot. Wait this out till these inventory numbers skyrocket. Then you buy.

[JuanRodriguez-qlzu]

I used the Zillow calculator for payment. A $700K house with 5% down at 2.875% interest rate gives a payment of $3900. This is how it was during the pandemic. Now lets calculate how much of a house we can buy with the same $3900, but now at interest rate of 6.125%. It turns out that the seller will have to drop the price all the way to $530K. That’s about a 25% decrease. That’s a crash.

[peteryates]

Realtor: my own market is holding up, everywhere else is tanking….lol

[sprattmann]

Sellers are just taking off the market and enjoying those 40% ROIs renting out to people waiting for a crash that never comes.

[kathleens]

buyers market....not, not with these interest rates.

[johnsmith-iqlz]

No joke, because the FED isn't fixing the market anymore

[davidmacgown]

Buyer's market in San Diego? yes please

[peekingintojocelynslife]

From San Diego and I couldn’t agree more with them z

[sakethreddy]

Its a small pull back and its going to be there unless rates increase a lot more and thats the way i see.