Real estate expert shares fear about housing market

The Corcoran Group President and CEO Pamela Liebman discusses the impact of the Fed's rate cut on real estate, Harris' plan to give first-time homebuyers $25,000 towards their homes and shares her outlook for the housing market.

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[Casey-summer]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[JeffreyTuck-xf]

Keep in mind that during the 80's people were encouraged to save due to the interest rates. Right now there's very little incentive to save because those who are saving are watching those who are reckless taking it in. I've been trying to save for a home and it's been discouraging to watch prices continue to not budge because there's people willing to get into a mortgage where they're paying 40% of their income. It's insane.

[blessedgraceindeed]

The cost of home is unaffordable regardless of interest rates 500k and up. No way.

[NoahNollens]

Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments, How you diversify your investment portfolio matters.

[NAHAJI]

Yellen is too old to hold any postion.

[mariadrukker]

It’s not just the high prices; it’s the lack of inventory and rising interest rates that are making it tough for both buyers and sellers

[philipfletch]

I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market

[Johnc]

Imo mortgage rates arent the problem. The problems are simply people are charging too high of rent and house prices are too high. Too many private companys buying up everything just so they can upcharge!

[GillerHeston]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

Condo prices in Florida are collapsing, so are the buildings.

[scottarmstrong]

Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?

[alexsteven.m]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[taxedenoughalready]

Not enough houses. Good thing we’re letting millions of people across the border. They have to live somewhere.

[oldmanaarbeh]

Deregulate zoning and open up building increase supply. She is 100% right

[IamJonny-ov]

Prices are too high. With rates not subsidised in ’24 and mortgage still high, currently seeking alternatives to maximise savings without an RV move or taking a loan. I’m seriously contemplating the latter.

[nickvin]

There is PLENTY of supply, but still no one is going to buy them. Wage growth has not kept up with inflation.

[DOSU]

What normal, decent person can afford a modest single family home at 500K to 1 million plus?

Insanity——BY DESIGN

[oneillbilder]

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[janehuang]

The home price plus the unrecoverable costs, and other daily life expenses, that is the reason people don't want to buy a house. People who got the best rate or the price 10 years ago, they prefer to hold. Because if they sell, they have to pay transfer tax, and also pay a higher price to a similar property or even worse, this is why inventories are low. If we want to make the real estate market "affordable" to the public, we need to keep the inflation down first.

[micheal_mills]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.