Housing market still trending at lowest levels in new and active listings: HousingWire's Mohtashami
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- čas přidán 27. 07. 2024
- Logan Mohtashami, HousingWire analyst, joins 'Squawk Box' to discuss the health of the housing market, the rise of 'seriously underwater' homes, and more.
125% LTV is ridiculous. It’s actually worse than 2007 when you look at it. If you got 125% LTV in 2007 to 2010 it’s because the market pooped the bed. You have a LTV of 125% today, the banks gave you every single DP assistance possible straddling you with debt and no equity for what…. A decade ? Then another 5years before you get 80% LTV or less. Yikes.
It's Shroedingers housing market. Prices aren't coming down because no one is buying. You aren't technically underwater, but you can't sell it for what it's "worth" either
Zillow will buy my house! Right???
These houses are all in bad conditions. Most of had no maintenance done and are due for huge maintenance.
It's much more cost effective to build a new one and stay on top of your builder to do their job right rather than getting into a old house!
Why did he keep saying recessions plural?
Let the crash begin
It going to crash. By 2034, home prices will double to triple of what they are today.
Bumpy ride ahead
Everyone is tired of hearing talking heads cheshire cat grin their way through segments explaining runaway home costs. I have not worked my entire life so I can buy a marginal home at an inflated price. The current pricing is ridiculous.
Midwest markets are still affordable!
And selling in a decent timeframe.
CRASHING HOME PRICES THE FREEEKING INVESTERS STILL HOLDINGON
Almost 10k views, only 53 likes, yikes 😬
Seller listing their houses with 2022 property tax hiding the 2023 property tax which is at least 1000k more than 2022 tax!!! Be careful buying. The property tax will be the assessed by the amount of purchase price 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️ especially houses selling by investors big companies!!!
Average payments keep going up, because we're still in inflation . We will be for the next 2 decades. Prices will go up accordingly. That's normal for the increase money supply like we had. Payments are how people buy homes. So they keep going up. Fed did increase interest and thereby making more go to interest rather then higher home cost, so less to the cost of the homes. That didn't reduce the increase of higher payments trend at all. Now interest is not going up and payments sill going up so cost of homes now will go up . Fed can't keep going up without killing economy & banks. So I would expect them to keep interest rates right where they are and let economy get faster and faster. Another slow down in about 4 years will come and again higher interest rates will come with it. We'll see over 20% before this inflation is over.
The cost of homes are at their cheapest right now. Up is where they're going , because of inflation. Just like it always does. Inflation is the reason you can't buy a home for $10,000 like you could in 1960. Same reason you can't buy one for $100,000 like you could 8 years ago. That trend will just keep going.
Looks like you are under water already. Whatever consoles you.
@@bibekparajuli-lx8yz Looking at what
Logan is the most disingenuous man in real estate, even worse than Barbara Corcoran which is impressive.
This is THE END of first-time home ownership and the slow death of the middle class in a generation.
77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn.
This economy isn't for us. It never has been. We've been checked out, not by choice.
Read The Bitcoin Standard
Losers don't need kids and giant houses
Worst show on cnbc
Then, why are you here?
Home prices will continue to rise, and within the next decade you’re going to see them double or triple in price. I feel bad for people that didn’t vote for this, but for those that did, I hope they never own their own place.
So 10x long housing futures? I don't see your trade being placed yet. All talk BOOMER
Pedro you automatically lose the argument when you start name-calling.