The Housing Market Will Be STUCK for Years to Come

Bank of America says the rate lock-in effect will last for another 6 to 8 years. Which means inventory will still be low. This week I'm going to discuss their analysis.

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Jacqueline "Jackie" Baker
NJ License 1541448
Coldwell Banker Realty
Allendale/Saddle River

#realestate #jackiebakerrealtor #jackiebakersellsnj #homebuyingtips #homesellingtips #realestateinvesting

[CCME]

I know lots of sellers who are ready to sell and 'right size' for various reasons. We forget that many then become buyers and face the same struggles as buyers. Many sellers cannot afford to sell their homes cheaper and this is causing the LOCK!

[LindseyHarvell-vcez]

Atlanta resident here. Moving out of our almost paid off house in south Atlanta because we are expecting a baby, have run out of rooms and the neighborhood is getting ROUGH (shootings, drugs, littering) etc. we were able to put down 60% doing a 15 yr mortgage on a house in north west suburbs of Atlanta. For us there were enough BIG reasons

[allen]

I literally can’t think of anything more miserable and an awful life than buying something way overpriced with an insane mortgage only to end up hating the house/location and you’re just stuck there. Save money for down payment and just wait it out.

[Whiteowls]

Meanwhile those corporate cash buyers gobbling up properties unaffected by rates.

[adriansteele]

My parents were immigrants in the 80's and STRUGGLED but were able to go to school, get a job, buy a house, raise a family, and retire. I grew up here, did the exact same and now i got everything right, and STILL cant afford a home. Thats proof this market is WAY harder than just 40 years ago. This has been caused by OUR GOVT spending money like inflation doesnt exist!

[kimberlyplatt]

The problem with this system is that, sooner than later it won’t be able to hold itself up for much longer.

The mass layoffs, and cost of living is taking its toll and people don’t want to talk about it.

[dialecticalmonist]

Janet Yellen prints 1 TRILLION every 90 days and people are wondering where the cash buyers are coming from?

[bitterswtmocha]

not just about building more homes- it’s also about making housing affordable so that people will move, preventing corporations from buying up starter/affordable homes and then making them rentals instead, and re-zoning so that land space can be used for higher density housing instead of just single family suburban residences

[jeffersonjohns]

If this is accurate, essentially, housing inventory doesn’t need to be at the same level that it has been in the past. Lack of sellers translates to lack in numbers of buyers if people are “staying put”.

[sharonrobledo]

I’m in a little city near Houston, Texas. We sold 5 acres of land & will be selling our present home to upgrade. The sad part is we will still have a mortgage after everything is said and done. Placed an offer tonight on a house 🏠 let’s see what shakes in the morning.

[MissBellaboo]

Just amazing we need a Jackie in every single city that’s all,

[LisaJackson]

I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?

[emilo]

10.million new" migrants" doesn't help

[anotherday]

I live in Central fla. and the inventory is rising by the day, so is the price cuts. I hope the prices fall to the ground.

[Talosu]

I have lived in Florida since 1976 purchased many homes and saw the last housing market crash coming in 2008. This crash is going to be much worse and horrific for multiple reasons. It has just started and will be well underway within a year. The Party Is Over!

[texlad]

I'm closing in a week plus at 5.99 in Houston in an area with almost no inventory at an affordable price without points. I'm 5% below list and the HOA is negligible. When I do the repairs it needs I will be a touch over list and that will raise the home value. I can't begin to say how grateful I am. It's a wild time. It's so demoralizing looking at the houses under 650 with 2000 or more in a 3/2 config. I really got lucky to find what I need/want.

[GTPInternational]

Finally, someone in the real estate industry and tell the truth

[bjorge]

A good person to listen to about Florida is Michael Bordenaro, his YouTube channel is terrific.

[MissBellaboo]

She returned my phone call from just my message I will forever be grateful. This this girl KNOWS her real estate!

[Summerdee]

Friends of mine purchased a home about six months ago using a finance company that allowed them to make an all cash offer even though they were financing. I'm not sure how it worked but it sure helped them get the home they wanted. They did say that it cost more (not sure how much) than if they had financed the traditional way. Has anyone else heard of this?