Housing Market FINALLY SHIFTING IN BUYERS FAVOR

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[johneaston]

Prices would have to drop several hundred thousand dollars to have an effect for most people.

[nole]

Pfft. It won’t be in buyers favor unless it goes down to pre pandemic prices.

[ncscooterz]

House prices coming down is temporary.
With everything in the world over the top expensive and the government still printing free money to give away and with war on the horizon, this small price reduction doesn’t change anything.
I mean, the prices could go down to pre pandemic prices and people still can’t afford a home with everything else through the roof!

[TheLethargicAge]

What about property taxes and insurance—are they dropping?

Or do you just pretend you didn’t spend a single cent on that when you calculate the return on your “investment”?

[littleredhen]

Doesn't matter because most people's credit is trashed by now.

[MUFCFan]

This optimism is going to change so quick. Watch

[Cooper]

Most people have to try and recover from 4 years of misery before thinking about buying a house or even a car.

[NaiSaetern-tpfi]

Still not buying anything right now. Interest drop and price go up. No point.

[kpcnytp]

Not everywhere. I have seen houses on Redfin going up in price by a lot as soon as the Fed cut rates last week. It’s going to be a vicious cycle.

[rodneywalden]

If you have a job, things are turning around if your debt to income ratio is within the limits. Things are turning around if you have 20% for a down payment, things are turning around, if, if, if, if if and buts were candy and nuts what a merry Christmas it would be.

[katrinacool]

Not in my part of Florida- price is up and so is demand here in the Florida Keys. We are always great investment here and usually get cash buyers looking for their second or third investment property. Cash is king even with insurance and taxes increasing.

[jackreston]

When housing prices are back to 50% of what they are now I'll start looking again.

[SirCarlosMusicBMI]

🌴🌴🌴 This is Definitely the Start❗️ And it’s going to get worse for some and awesome for the ones who have been saving their money, paying off debts and getting their credit score as high as possible. Thank you Mike
Blessings, Carlos ✝️🙏❤️😊🇺🇸

[kookietherapy]

WAITING ! Not about to catch a falling knife.

[ediruzza]

Mike.. You literally said two days ago that the market is not ready yet for buyers.

[Henry.Nibler]

@michael, i would like you to talk more about the landscape of real estate and discuss it philosophically.

ie owning property exclusively to seek rent, ahould it be legal.

How should property taxes work. Land value vs Total value. Whether or not historical home owners should be incentived to preserve, etc

[annab]

Interest rates went up slightly after the last Fed cut. And if Powell doesn’t cut any further but remains same, interest rates will go up.
Insurrance through the roof, property taxes through the roof. Nothing g is getting more affordable.

[annab]

Interest rates went up slightly after the last Fed cut. And if Powell doesn’t cut the fed fund rate any further but keeps it the same, interest rates will go up.
Insurrance through the roof, property taxes through the roof. Nothing g is getting more affordable.
Nothing is shifting the the markets I’m watching, which is South Florida and Connecticut.

[cory]

Not sure... homes in Chester county PA still going up... single family units in Exton now raised to $1.2 from $1.1mil

[pjdepaolisii]

I wouldnt bet on fed rates leading to mortgage rates coming down meaningfully.