REDFIN: The Housing Market Has Hit Rock Bottom

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[strummer]

Rock bottom? Most parts of the country haven't even seen prices decrease

[annagreco]

Redfin trying to get the fomo going again.

[gamano]

What’s worse than a used car salesman? A real estate agent. They always say “ it’s never been a better time to buy”

[BP-]

Housing hasn’t dropped it’s still inflated. Rock bottom??? Not here in southeast WI. New 1800 square ft home from cheap builders are still $700k. It’s ridiculous what people are borrowing.

[mostdavestdave]

Big corporations are buying up houses with cash. While people with mortgages are getting robbed.

[letsgobrandon]

Why is the focus always on the interest rate, why does no one ever mention the overpriced homes? They will complain about a $5 loaf of bread but they dont mention $500k for a shack, that the previous buyer paid $150k for. Add to that the amortization on that $500k home and you are paying $1.3 million over 30 years. I would say its not a good time to buy a house.

[dwoolf]

The Federal reserve needs to blast interest rates to 10%. Knock down these ridiculous home prices back to normal.

[commonsenseisntcommon]

I'm not making 20% more, and i'll bet most other people arent either!

[DannyWalker]

The problem is that housing is now a "market." A house used to be built buy a local builder for a local couple to raise their family and it was financed by a local savings and loan. Now some investment company owns the house that a local couple has to rent to raise their family. The opportunity for a young couple to own their own home has been stolen.

[CarlyzClozet]

I love how you said, "take it with a grain of salt". They are just blowing steam. These home prices are ridiculous. Asking 300+ for a shack.
Im looking at real estate overseas.

[happywandering]

“A home is a liability not an Asset” Best financial advice I’ve ever heard. Exactly what the American dream sellers don’t want you to know. Thank you for sharing this. My favorite YouTuber! Period.

[JasonAmir-qouo]

Housing market price just keeps reducing day by day, I pray it stops honestly.

[MetalBeastShred]

Sounds a lot like Redfin is trying to gaslight people into buying now, since everything I've seen says the prices are still falling.

[thePrisioner]

How do they know anything hit rock bottom until way after it happened and has recovered.

[Sapious]

And that's not factoring in taxes, where I live the avg yearly tax fee is $14K

[dtandfam]

Maybe Redfin as a company has hit "Rock Bottom"

[davidthomas]

What's missing in your analysis is future unemployment rate. Inventory will increase if unemployment increases. That's the last variable before prices drop.

[lawrencefeldman]

I sold all my real estate. With this market in Florida being so high I sold all my real estate. Now as boomer with a 93 year old Mom, I've moved in to her home to care for Mom . Plus I have income stream from the investment of the real estate now with rates high.
Not interested in owning a house anymore. Insurance and taxes are too high. Mom's home low cost taxes and insurance is not mandatory as no mortgage. Time to earn more money on the real estate cash than owning.
Plus Mom benefits having care .
Time to dump for some of us.

[MrFargo]

I want what Kelman's smoking! What do you expect him to say. He's trying to make a buck. The middle class is being destroyed and the Housing market is tanking. Oh, and the FED isn't cutting rates. The economy's in big trouble. You aint seen nothing yet.