U.S. housing prices are likely to enter a long period of decline, advisory firm CEO says

Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, says supply-demand dynamics will probably "invert," with supply set to exceed demand.

[dudoji]

The biggest myth was that seniors would downsize. Granny still wants to live out her remaining golden years in her 5BR, 3, 300sqft house.

[carrievas]

Is she ever going to mention the inventory of homes being consumed by investor rentals and corporations buying up huge swatches of inventory? The individual home buyer is constantly being priced and bid right out of the market.

[waynewei]

Why she sounded not confident at all with the results she was talking about? I wanted to believe her, but there is no solid explanation about the dynamics, other than some numbers.

[onestepaway]

I don’t see it unless companies, investment groups are barred from buying both domestically and international.

[truly]

Staying home with your parents is better than staying home with partner that doesn't exist. lmao

[jamessteep]

We need to pass laws to keep big corporations out of residential housing

[jorgeponce]

Blackrock and private equity will buy most of the supply.
Ever heard of "renters' nation" and "you'll own nothing and be happy" aka The American Nightmare?

[JohnSmith-ftfz]

How much does CNBC pay its anchors? Im beginning to think I could excel at this job...

[ednan]

Meredith Whitney? Boy was she right on Municipal bond debacle:)

[brentcarnelli]

45 year veteran of residential construction in CT.
No one seems to remember the times when you couldn't give away a house, specifically when the PR was 21 percent. There is an inevitable crash coming that will surprise the uninitiated .

[MichaelChengSanJose]

Seriously, this is the kind of analysis she does? Gaming is leasing young men to live at home? It couldn’t be because the young men aren’t able to compete and afford their own place so they’re back at home and can’t do anything except gaming.

[thetradersam]

holy shit, she drove me nuts listening to her!! 🙄😬

[laebeli]

Not taking into account

1. Real chance of homes now becoming generational and will never be back on market
2 legal and all kind of immigration (which will also require housing and some can get money from back home)
3. Millennial generation left on the sidelines without housing is piling up.

[shamilranasinghe]

Multi year decline ? Goodness - What the heck has she been smoking ? Until corporations stop buying up the housing supply and supply exceeds the demand, there will NOT be a another 2009. People own multiple homes which they use as their vacation homes and also convert them to short term rentals. We may see the cyclical 5-10 % decline seasonal adjustment but there is no sign of any long term drastic declines. Listening to her was enough.

[peterbedford]

Remember how she disappeared after the her terrible call on muni bonds back in the day?!?
Now she's resurfaced with another sad attempt to gain notoriety.

[MrMountain]

Young men are not "Choosing" to be at home. They can't afford anything else. Rent in my city of Napa is $1900 for a 1 bedroom apartment in a bad neighborhood. Or I can live in the straight ghettos of Vallejo for 1400.

[Lwellj]

I mentor a few young men and my recommendation has been for them to live at home and pay their parents a flat rent. Build up savings, add more/new skills, and then in time venture out on their own. Adapt to the market conditions.

[RaulRamirez-et]

You cant have supply when over 70 percent of mortgages are fixed below 4 percent
Those folks are not selling into a high interest rate environment
You
Gotta get below 5 percent for them to sell
Plain and simple
However the strategy is offer 70 percent of list as buyers are fewer and far between given rates even though supply is low

[jerryellenz]

This lady has no clue what she is talking about!

[jceddy]

The simple fact that both illegal and legal immigration out paces home new home construction by and order of maginitude seems to invalidate her argument.