I’m closing in on my retirement and I’d like to move from Regina 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?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Home owners have lost their minds with their pricing. I have been interested in purchasing a home but the prices seem too high I would rather rent until prices go down.
Zillow needs to stop putting false information on people one-family homes, saying rental for rent. How do you manage to do something like that! Go and correct those errors!
Ran into an interesting Twitter feed today, rather than just sit around guessing and obsessing about Federal Reserve rates cuts all day, a scroll down their feed showed me the number of store closures for Rite Aid and Red Lobster, and told me Pitney Bowes was laying off 1,000. They didn't try to tell me Orange Man was bad.
It is surprising the CEO of Zillow does not see what is going on around us right now. The Amount of Home Listings Has Spiked and we are seeing 20%-30% reductions in prices. People are NOT RUSHING into any new home contracts. As a mater of fact the Home Buyer index is around 130 which is the lowest point since the 2008 Housing Crash. He should do his homework and stop promoting so hard.
That's why he's doing the "Changing our strategy to help home buyers." It's because the market is dead right now compared to two years ago, so suddenly they've got to cater to somebody other than the high income set.
I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing. I drive around looking for signs in the yard now.
There is no short supply of homes, I see several homes for rent and for sale and some are reasonable. Get out there people, and try to find you a home. I'm glad the law stopped some of this madness when buyers and sellers allegedly were taken advantage of! Think strongly about renting because the rent can go up, suck you in, and you might as well wait and buy a home. Let the rentals stay where they are! I'm sitting on a low mortgage rate and will continue to stay on it. Why should I make it easy and give up the home that I qualified for in order to get in more debt elsewhere? I don't think so.
Just curious…. Unless you are desperate to buy now, is there anyone willing to buy a house if prices don’t come back down to 2019 levels? I just keep vacillating between waiting vs putting a big sunroom on my current house. What are others doing?
@@littlebitmckee8234 I just went under contract but waited and watched homes/my local market for 2 years. Finally Found a great deal where I will see immediate equity. Not my dream home but it will be a great home for the next 5-10 years.
Zillow wants to con buyers and sellers. Just put your own ' for sale sign' up outside your property- and get another simm for speaking to potential buys. Cost $100 dollars and the price of a deep clean.
Zillow is a major reason for unreasonable home and rent prices. I hope zillow and redfin lose their ass when the bottom falls out. They'll only have themselves to blame.
@@patrickm6012 Rents are set by supply/demand, and when massive corporations buy up hundreds of thousands of homes using investor money to just mark them up and re-sell them to people who actually need to live in them, the prices inflate beyond what is normal. It should be illegal to even own a home for more than 3 years straight that isn't lived in for at least 4 months out of the year. Prices would fall instantly if that was the law of the land.
Home prices are ridiculously high and most are junk that need costly upgrades to get homeowners insurance that continues to increase. I can reduce the price on my home if the rest of the market does! Renting is not as great as you think. It’s not cheaper do the research and math. Renters do pay for repairs, upgrades, property tax and homeowners insurance within the rental fees. Plus you don’t have the freedom to do with your home what you want you are told what you can’t do.
Zillow rep is Completely out of touch with average home buyer. They don’t care about the issue of affordability and their role in perpetuating this ridiculous market.
why as a buyer would you trust an agent who's pay is based off the price of the sale? Sounds like the person who is "educating" you is also incentivized to sell you the most expensive home possible. Also no incentive to negotiate down on price because that cuts into their commission. Am i missing something here?
No different than it was before in the sense that the buyer agent would chose the homes for based on what commission was offered by the selling agent. They might have passed up you dream home for a better percentage. Now the buyer and seller are in the driver seat.
We don’t have an inventory deficit. We have a freedom deficit. Way too much of government policy coddles homeowners. Gives them special treatment that, if they didn’t have, would force them to put their homes on the market.
@@Nonybusinessxxxxxx you all also want too much money for your homes given the interest rates. No normal person can afford a 4k mortgage note. They can continue to sit and you can keep complaining
You make no sense. You talk about a “freedom deficit” and so called “special treatment” and forcing people to sell. Which doesn’t sound like freedom at all. Can you elaborate?
@@patrickm6012 I make perfect sense. Take away someone’s artificial support, and they’re left with no choice (‘forced’) to sell. It’s called an actual market. Ever heard of it?
I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing. I drive around looking for signs in the yard now.
Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?
I’m closing in on my retirement and I’d like to move from Regina 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?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Zillow CEO: “Let me talk to my shareholders.”
Bloomberg: “Ok”
Home owners have lost their minds with their pricing. I have been interested in purchasing a home but the prices seem too high I would rather rent until prices go down.
@@TheUnseenOracle me too it's 200k higher
Go ahead and pay someone else’s mortgage and then some.
@@patrickm6012 vs pay over value and 6% towards interest? So you’re just paying the bank free money with interest and no guarantee value will go up
@@GG-ug9hd As I said I am happy to have someone pay my mortgage and then some.
@@GG-ug9hd rent aren’t cheap either.
Their home evaluations are terrible
Zillow needs to stop putting false information on people one-family homes, saying rental for rent. How do you manage to do something like that! Go and correct those errors!
Goal is to get the data.
Ran into an interesting Twitter feed today, rather than just sit around guessing and obsessing about Federal Reserve rates cuts all day, a scroll down their feed showed me the number of store closures for Rite Aid and Red Lobster, and told me Pitney Bowes was laying off 1,000. They didn't try to tell me Orange Man was bad.
Two months ago Zillow purchased a 4 plex in Chandler AZ for $1.2 m. Way overpriced.
I remember when they were dumping their REO.
Gosh, empty words. Did you get anything out of it? “We empower sellers and buyers?” What exactly is it? How is that any different from others?
Where are affordable housing in the country? 🤦♂️
@@GeorgeSchneider8889 manufactured housing is the answer to affordable housing!
@@NewMexicoHomes Slowing speculation in the sector is the only practical, reasonable and realistic way.
Mississippi, Panhandle of Florida, New Orleans area, I can name 10 more take a look for yourself.
@@davidcontreras8158 crime ridden areas
@@davidcontreras8158 pa has tons too.
I remember looking at a home in 2016 for $160k here in Ohio... It's now $620k with little to no changes. Yeah.
It is surprising the CEO of Zillow does not see what is going on around us right now. The Amount of Home Listings Has Spiked and we are seeing 20%-30% reductions in prices. People are NOT RUSHING into any new home contracts. As a mater of fact the Home Buyer index is around 130 which is the lowest point since the 2008 Housing Crash. He should do his homework and stop promoting so hard.
That's why he's doing the "Changing our strategy to help home buyers." It's because the market is dead right now compared to two years ago, so suddenly they've got to cater to somebody other than the high income set.
Is he the CEO or COO? I’m confused
The showy nonsense just assisting in the ruins of a housing market. Families with no where to live and blokes like this with his private jets
I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing.
I drive around looking for signs in the yard now.
There is no short supply of homes, I see several homes for rent and for sale and some are reasonable. Get out there people, and try to find you a home. I'm glad the law stopped some of this madness when buyers and sellers allegedly were taken advantage of! Think strongly about renting because the rent can go up, suck you in, and you might as well wait and buy a home. Let the rentals stay where they are! I'm sitting on a low mortgage rate and will continue to stay on it. Why should I make it easy and give up the home that I qualified for in order to get in more debt elsewhere? I don't think so.
Just curious…. Unless you are desperate to buy now, is there anyone willing to buy a house if prices don’t come back down to 2019 levels? I just keep vacillating between waiting vs putting a big sunroom on my current house. What are others doing?
Waiting
@@littlebitmckee8234 I just went under contract but waited and watched homes/my local market for 2 years. Finally Found a great deal where I will see immediate equity. Not my dream home but it will be a great home for the next 5-10 years.
Zillow wants to con buyers and sellers. Just put your own ' for sale sign' up outside your property- and get another simm for speaking to potential buys. Cost $100 dollars and the price of a deep clean.
Thanks to the government and Fed for making it unaffordable for anyone to ever buy a home again
Zillow is a major reason for unreasonable home and rent prices. I hope zillow and redfin lose their ass when the bottom falls out. They'll only have themselves to blame.
It’s not Zillow. It’s investors.
No it’s the greed of the realtors and developers. Rents are set by market trends.
@@patrickm6012 Rents are set by supply/demand, and when massive corporations buy up hundreds of thousands of homes using investor money to just mark them up and re-sell them to people who actually need to live in them, the prices inflate beyond what is normal. It should be illegal to even own a home for more than 3 years straight that isn't lived in for at least 4 months out of the year. Prices would fall instantly if that was the law of the land.
Yup !!
Home prices are ridiculously high and most are junk that need costly upgrades to get homeowners insurance that continues to increase. I can reduce the price on my home if the rest of the market does!
Renting is not as great as you think. It’s not cheaper do the research and math. Renters do pay for repairs, upgrades, property tax and homeowners insurance within the rental fees. Plus you don’t have the freedom to do with your home what you want you are told what you can’t do.
Used car salesman
😂😂😂 what just he said business going well. 😂😂😂
BS
Saying something without saying something
Be wary of property homes under HOA.
Excited about what Zillow. You guys lie!
Zillow rep is Completely out of touch with average home buyer. They don’t care about the issue of affordability and their role in perpetuating this ridiculous market.
Didn’t they take a massive L a year ago. They must still be hurtin from that
why as a buyer would you trust an agent who's pay is based off the price of the sale? Sounds like the person who is "educating" you is also incentivized to sell you the most expensive home possible. Also no incentive to negotiate down on price because that cuts into their commission. Am i missing something here?
No different than it was before in the sense that the buyer agent would chose the homes for based on what commission was offered by the selling agent. They might have passed up you dream home for a better percentage. Now the buyer and seller are in the driver seat.
We don’t have an inventory deficit. We have a freedom deficit. Way too much of government policy coddles homeowners. Gives them special treatment that, if they didn’t have, would force them to put their homes on the market.
@@Nonybusinessxxxxxx you all also want too much money for your homes given the interest rates. No normal person can afford a 4k mortgage note. They can continue to sit and you can keep complaining
No dummy
You make no sense. You talk about a “freedom deficit” and so called “special treatment” and forcing people to sell. Which doesn’t sound like freedom at all. Can you elaborate?
@@patrickm6012 I make perfect sense. Take away someone’s artificial support, and they’re left with no choice (‘forced’) to sell. It’s called an actual market. Ever heard of it?
@@GrantDWilliams82 what “artificial” treatment is provided for home owners in your reality?
affordability in the real estate market will never ease for middle america unless they build a whollllee lotts new homes
No it’s Not Only About increasing inventory. It’s about bringing prices back to the normal range.
Are you dummm? They increase inventory to bring prices down. And you all clown can’t stop buying.
I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing.
I drive around looking for signs in the yard now.