Builders are already offering lower interest rates.. but still inventory growing up.. means.. no demand for houses now.. demand comes when prices go down
Do you see a risk of a recession at this point? The Sahm rule has been triggered and that jobs report was not good…I think we could be in for a wild year.
I love On the Market and love Bigger News but I am not sure I understand the difference if any in the shows. Both address market news and headlines and regularly have economists as guest. My question is merely out of curiosity since I watch both shows whenever they are broadcast.
Wouldnt you rather buy when rates go lower and the market gets flooded with even MOOOREEEE INVENTORY? This translates to even lower prices. These people are just trying to get payed and dont care about the buyers hahhahah
I don't expect the rates to drop atleast that much. The 50 year average is around 8. We are around the average. The low rates was the bubble bursting in early 2000s and then covid.
I agree. I don’t think they will go much lower because now, it’s all the people waiting for them to go down and if they do, prices will go to the sky again
Makes sense to buy while rates are high then refinance when rates drop. Because when rates drop home prices will go higher so why would anyone wait till home prices go up. Those who refinanced during the Trump era will not sell because they have extremely low mortgage rates. Palm Springs Ca is imo, the best place to buy an investment property.
Come on, baby. Lower those interest rates! Let's blow this housing bubble even higher. I have a non DSR loan on one 4plexes at 8.25% and I have another fourplex locked in at 6. 9 9% with Fannie mae
@annd1411 I own 11 apartment buildings. I bought my first 4-Plex in 2017 and another foreclosure fourplex in 2018 At a trustee sale auction. Some of them are seller financed. other ones were just purchased off of the MLS All of my properties are below 5% interest rate except for two of them. Once interest rates go down I'm going to do a Cash out refinance to lock in the lower interest rates
Makes sense to buy while rates are high then refinance when rates drop. Because when rates drop home prices will go higher so why would anyone wait till home prices go up. Those who refinanced during the Trump era will not sell because they have extremely low mortgage rates.
Builders are already offering lower interest rates.. but still inventory growing up.. means.. no demand for houses now.. demand comes when prices go down
Yea, rates drop prices go up. It’s a zero sum game.
Do you see a risk of a recession at this point? The Sahm rule has been triggered and that jobs report was not good…I think we could be in for a wild year.
I love On the Market and love Bigger News but I am not sure I understand the difference if any in the shows. Both address market news and headlines and regularly have economists as guest. My question is merely out of curiosity since I watch both shows whenever they are broadcast.
Just bought a new primary at 5.6%. I have a 3% interest on our main home so we are renting it out instead.
No demand for Houses, seeing same houses last 3 months. chance is price down
Wouldnt you rather buy when rates go lower and the market gets flooded with even MOOOREEEE INVENTORY? This translates to even lower prices. These people are just trying to get payed and dont care about the buyers hahhahah
Buying BEFORE interest rates fall is the biggest joke in real estate. Prices are always going to rise, rates getting let down helps.
Once rates drop there will be a FLOOD of buyers driving prices even higher. There isn’t enough housing to absorb the demand
Lower rates means more people buying. More people buying means prices still go up.
Marry the house date the interest rate.
We are almost finished finalizing a primary house purchase, all I care about is for that house value not drop.
Do you think house prices will stay up or go up even more when the mortgage rate goes down ?
Rates are not determined by the fed. They are more closely determined by foreign interest in the ten year.
I don't expect the rates to drop atleast that much. The 50 year average is around 8. We are around the average. The low rates was the bubble bursting in early 2000s and then covid.
I agree. I don’t think they will go much lower because now, it’s all the people waiting for them to go down and if they do, prices will go to the sky again
RATES NEED TO KEEP GOING UP, so prices will come down.
Don’t ignore the rising unemployment rate. Buy at your own risk
Makes sense to buy while rates are high then refinance when rates drop. Because when rates drop home prices will go higher so why would anyone wait till home prices go up. Those who refinanced during the Trump era will not sell because they have extremely low mortgage rates. Palm Springs Ca is imo, the best place to buy an investment property.
Come on, baby. Lower those interest rates! Let's blow this housing bubble even higher. I have a non DSR loan on one 4plexes at 8.25% and I have another fourplex locked in at 6. 9 9% with Fannie mae
How are you finding the fourplex opportunities? I’ve been looking for about a year and nothing in my area.
@annd1411 I own 11 apartment buildings. I bought my first 4-Plex in 2017 and another foreclosure fourplex in 2018 At a trustee sale auction. Some of them are seller financed. other ones were just purchased off of the MLS
All of my properties are below 5% interest rate except for two of them. Once interest rates go down I'm going to do a Cash out refinance to lock in the lower interest rates
The only way rates come down appreciably is due to recession, in which case prices aren't going up as a result.
For the rhythm
LMAO soft landing.
Makes sense to buy while rates are high then refinance when rates drop. Because when rates drop home prices will go higher so why would anyone wait till home prices go up. Those who refinanced during the Trump era will not sell because they have extremely low mortgage rates.
Please stop saying economy is great high inflation and prices are here for regular Jo
Daddy!
Lol some economist this guy… Rates are going to drop atleast an entire 1% over the next 14 days. This guy knows nothing. It will be the elevator.
Thick George Kamel 😂