Housing Outlook 2023: Is the U.S. sliding into a ‘house recession’?

Yahoo Finance live anchors and guests take a deep dive into the housing market as the Fed continues to raise interest rates, homebuilding slows, inflation increases and the real estate market sputters onwards.

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[Aziz__]

What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[noaholiver]

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. both Gold, real estate, Stocks and Crypto is positively changing people's lives. I stopped panicking about the market the very moment I started working with Josef Dennis last year, his confidence and skills is on a maximum level…

[shakazulu]

Home prices are going to plunge not bse of foreclosures, but the institutional buyers who scooped up entire neighborhoods with the hope of flipping. Now they're stuck with all that inventory and have to unload at a discount.

[jeffreydeuitch]

If you bought 3 years ago then yes, good cushion. How many bought in the last 18 months? No such cushion for many people.

[dank]

It's already in a housing recession. Ya... sucks but the greed train had to come to a stop eventually.

[ColdPotato]

Bad news? This is great news. Houses still need to come down nearly 50% in price.

[jaydubau]

That realtor lady at 14:00 said homes in midwest didn't go up that much during the pandemic? My home is up about 40%, as did all the other homes around here.

[YT_C]

Recession? After Increasing 80% in one year, a decrease of 25% does not qualify for recession.

[jeffreydeuitch]

I provide services to large home builders in house financing. For new construction, you have it backward. Lower levels of homes being build is due to lowered demand. This is why many builders are lowering prices. In most large developments, the contracts are written prior to commencement of construction. Therefore construction levels are a result of demand.

[akcj]

Stuff is going down qt least 35%. Macro eco is messed up. Most folks don't get it. Shortage is just temp. We are justing waiting for construction workers to get back to work and fed will make sure that happens

[Literallyarealhuman]

As a builder myself I can tell you it was largely also caused by the sudden huge rise on material, paint costs, transportation costs. Lack of liquid cash

[ffletch]

Here in Oahu, SFH prices in premium neighborhoods lost about 4% of the the 24% YOY valuation from the last year. In lower crust, crap neighborhoods and condos prices are about the same or even still gaining value. People are just settling for buying less home for the same money because the home the want is beyond reach now due to cost of the loan.

As for office Space, it seems most companies allow hybrid WFH now permananly. Morning rush hour is light. Less foot traffic downtown. A bunch of downtown restaurants and coffee shops are permantly closed due to no office customers

[kyul]

Brighton to midtown Manhattan? Thats a 7 hr drive. Only makes sense if you have to show up to the office once a quarter. But then again if you are allowed to show up 4 times a year, than your more important than the owner which means you dont move to Rochester county. This stinks of desparation and fishing for any postive take.

[timscott]

I’m saving this video to see how well the woman in yellow words age. 🤣

[arodriguez]

What you need to realize is why did prices increase over the last 10yrs. We've have massive stimulus programs from the Fed: ultra low rates for over a decade to pump demand and prices, 2.7 trillion of M.B.S.'s to increase lending and increase prices, plus non-MBS QE which increased lending even more. This housing mkt has run on Fed stimulus this entire time, so what happens when that stimulus is gone....

[lighttheoryllc]

Definitely in a house building pull back, and inflated prices for cost of living for literally everyday costs 🙃.

So new innovative approaches are clearly needed.

Of prices fall, that's GREAT! for some one like myself whom hasn't bought their first home but wants to save up for that.

[danielalonzo]

Why don't you have both sides of the real estate business. You only bring on housing cheerleaders

[Falconlibrary]

Ms. Hale got her money's worth out of that teeth whitening. I had to wear sunglasses while she was talking.

[healthygrowth]

Why do they say homeowners have stronger financials when they put 3-5% down lol

[justiceall]

What are these statements of recession fears? "WE ARE IN A RECESSION"!