Housing prices rise despite more supply: Here's why

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CNBC's Diana Olick joins 'Squawk Box' to discuss the housing supply impact on prices. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Опубликовано:

8 июл 2024

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Комментарии : 107

@Markscott412 4 дня назад

I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?

@vivianlucy141 4 дня назад

investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.

@Williamjame444 4 дня назад

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@jackwillison177 4 дня назад

Do you mind sharing info of your advisor? I need help.

@Williamjame444 4 дня назад

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@FolarinSodiq 10 дней назад

I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

@SarahOlivera-t4z 10 дней назад

I bought into NVIDIA around September last year because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.

@BarbaraLouise-i3r 10 дней назад

@@SarahOlivera-t4z That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.

@FolarinSodiq 10 дней назад

@@BarbaraLouise-i3r That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

@BarbaraLouise-i3r 10 дней назад

@@FolarinSodiq Victoria Carmen Santaella is the licensed coach I use. Just research the name. You'll find the necessary details to work with a correspondence to set up an appointment.

@FolarinSodiq 10 дней назад

@@BarbaraLouise-i3r I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@soniajames-tn4mp 13 дней назад

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

@Johnmark-iq4gg 13 дней назад

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

@bonner-qv3mi 13 дней назад

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@soniajames-tn4mp 13 дней назад

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

@Johnmark-iq4gg 13 дней назад

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@soniajames-tn4mp 13 дней назад

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@MVPTC 13 дней назад

How about building affordable homes??? Or not allowing hedge funds to buy neighborhoods???

@kalijasin 11 дней назад

They want to make as much money as possible and quickly. This is the new get rich quick scheme.

@GoldTau-t1b 4 дня назад

That’s communism

@oscarorozcoorejel 9 дней назад

Notice how they don’t mention if corporations are buying these new homes, adding new homes means nothing if they are not bought with the intent of people living in them. Corporations should not be landlords

@tylerr5357 11 дней назад

The issue is these corporations buying up residential areas. How is it considered residential area if all of the properties are owned by a corporation who are operating a business through these properties

@bekind4018 13 дней назад

If people stop buying and those prices will come down. Boycott

@theresolutemind9538 13 дней назад

STUPID ON STEROIDS

@peterbedford2610 13 дней назад

Houses priced below the median sell in one week.

@user-oh6ox9hz9c 13 дней назад

Not in Phoenix. Inventory on lower priced homes is increasing faster than higher priced homes and they are sitting with many vacant. Texas and most parts of Florida as well.

@AndrewFord-tg3jx 13 дней назад

And the price of the new homes are double the price of the existing homes. 30 year old don’t have a way to pay for them. Especially the mortgage rate.

@stevenap4594 10 дней назад

I don’t think age has anything to do with it lol

@Starship007 9 дней назад

Decreased interest rates is inflationary

@ryanharrington2890 13 дней назад

Glad they count permitted houses and houses under construction in their definition of “supply.” Really takes all meaning out of the word. The 20% finished is what matters. So not 9 months of supply, 1.8

@stevenap4594 10 дней назад

By far the dumbest comment I’ve read today. Thank you.

@juannevindez6969 13 дней назад

Bubble about to burst

@jesse_- 10 дней назад

No, we are not in a housing bubble. We were the last time, and I called that in 2004. This time we just have the largest generation ever trying to buy homes, and there are not enough, thanks to 2010 lending regulations that slowed building growth what we needed.

@stevenap4594 10 дней назад

Why are there a bunch of new homes sitting on the market then? Where are all those buyers clamoring to buy whatever scraps they can? Oh wait, they already bought! 😆

@Ambassador055 13 дней назад

Wrong. Boomers don’t need to worry about selling and interest rates if they can pay cash for a home when downsizing.

@jesse_- 10 дней назад

My boomer parents bought in 1980 on Long Island. Price, rates, and inflation were so high, we had to move out to the boobies and my father had a long commute everyday. Now they are good, but for the first ten at first ten tough, then we moved out of state to a less expensive state. Why are young people no longer relocating like past generations? My cousins and many of my friends on Long Island moved out of state, many to the Carolina’s where it’s significantly less expensive. They sell their tiny homes and bought McMansions. Why are people no longer doing this?

@jimfoo-6041 13 дней назад

Yet!., Major Retail Chains Stores & Restaurants going Chapt 7 Closing!

@peterbedford2610 13 дней назад

Yeah, cause retail and waiters buy houses..😂

@jimfoo-6041 13 дней назад

@peterbedford2610 ..I'm your dreams!

@stevenap4594 10 дней назад

Lots of people ditched high prices areas and bought affordable housing stock (and also jacked up the prices in the process) and now those companies can’t keep people employed to operate properly. Same goes for Airbnb destinations, if everyone is working from home who’s going to work the graveyard shift at the gas station?

@willtwain1383 13 дней назад

New homes are junk.

@Bridin84 11 дней назад

All is well folks! Keep buying!💪💪💪

@toddwerther188 13 дней назад

Have you seen those cookie cutter tier 1 new homes? Surprised it only takes 9 months to offload them.. yuck!

@1ZEROSUMGAME 13 дней назад

Have no fear a reccession is here. No matter what most people are saying, the economy has lost 1.6 million jobs in the last 12 months. Excuse me for the reality .

@user-ol7tl1vf5m 9 дней назад

Housing prices have been falling over the last decade when measured in the Bitcoin system I use. I imagine it’s having an opposite reaction from the fiat system that is counterfeited by a few.

@user-gh9ke9eg3t 13 дней назад

Just rent.

@user-ie7uq7cq3z 4 дня назад

I do get it why media telling the truth 🤷‍♀️🤷‍♀️🤷‍♀️😮😮🙃🙃🙃🙃

@chrischoir3594 13 дней назад

FOMO?

@NunYa953 13 дней назад

People paid so much money for homes in 2020, 2021, that they cant get out of them. 🤣

@EdwinGarcia-bn2lw 12 дней назад

Rates were 2%-3% of course they can’t get out of them because they choose not to sell

@NunYa953 11 дней назад

@@EdwinGarcia-bn2lw Pretty clear you don't know much about the housing market

@nickvin7447 13 дней назад

Homes are sitting in 87 of the top 100 markets in the country. No one is buying a house except for the north east and CA.

@paperchase906 9 дней назад

Supply and demand ppl won’t buy

@Starship007 9 дней назад

We recently bought a newly built retirement home. Nice to have a warranty and less maintenance. Previous older homes maintainance costs thru the roof

@Starship007 9 дней назад

Many do not want to move from their previous 3% mortgage

@Starship007 9 дней назад

Many builders offering mortgage discount first year.

@mlh5434 13 дней назад

How does current homeowners sitting in their current homes instead of buying their next ones constrict supply if those supposed "next homes" are instead now available for everyone else to now buy?

@user-oh6ox9hz9c 13 дней назад

Exactly. If sellers aren't selling, they also aren't buying. So their is a slim pool of buyers left.

@user-nx6tr9je6v 12 дней назад

In the past it was common for elderly people to down size and sell single family homes to young families while moving into condos or town homes. Now they do not because they have low interest rates and also are the generation of "whoever dies with the most toys wins" So they HODL instead of downsizing and pulling out their equity. They also don't need the equity from their house because they have voted themselves huge social security payments that are bankrupting our country at the cost of the young working age population.

@stevenap4594 10 дней назад

DING DING DING! There’s not enough people (demand) to buy those homes. If someone is buying a home I’d imagine they’re going to be pretty serious about it. However, sales are at one of their lowest levels in history. This tells you one thing: There’s no demand.

@danielking104 13 дней назад

Your house will make you poor.

@pedro72246 13 дней назад

But I can tell everyone I am a "homeowner"

@drayne3750 13 дней назад

I’m up $100,000 in 2 years. I had to paint a couple rooms 🤷‍♂️

@stevenap4594 10 дней назад

Did you try selling it? 😆

@GoldTau-t1b 4 дня назад

Think inflation is bad when you own appreciating assets? Try inflation when you own none 😳

@Starship007 9 дней назад

The dollar becoming so devalued from all the inflating of monetary system through QE,PPP, Unemployment, causing inflation. Gold over $2400/ounce reflecting devaluation. Home prices will thus not drop too much as so many more dollars needed to buy the same thing. Yes, inflation slowing which means still rising but slower pace.

@Starship007 9 дней назад

Banks underwater with commercial real estate. Banks underwater with all these 3% 30 year mortgages. Banks being hit by more bankruptcies because of historic 1.3 trillion credit card debt. Car dealerships overstocked, LOT ROT. Car give it back crisis, repo’s etc. banks pulling away from car Loans

@petenrita 12 дней назад

non buyers then drive up rents.

@JC-wj5os 13 дней назад

Bitcoin > Real Estate. I'll pass on the golden handcuffs, taxes, upkeep

@stevenap4594 10 дней назад

I’m already 90% all in on crypto. SOL and Doge are going to make real estate returns look like a peasants investment income.

@completelylucid7596 8 дней назад

It’s a bubble

@adamharvey3524 12 дней назад

If a baby boomer downsized. Wouldn’t they pay cash for the new house?

@jesse_- 10 дней назад

That all depends on how much equity they have. My parents did that, but my in-laws mortgages their equity, so they would be like first time buyers. Keeping up with the jones is just not worth it.

@dons3073 13 дней назад

She’s lieing

@stevenap4594 10 дней назад

She has to lie or she doesn’t get paid.

@sheepman6291 13 дней назад

The 10-2 has yet to reverse course. It is a possibility to see housing dip. I had a dream 2 weeks ago that housing was dipping in February. The 7 million immigrants make me believe housing will continue to go up. It's interesting seeing the lower end housing get bought up.

@harrychu650 13 дней назад

There are tens of millions of illegals in various stages of being "housed" using deep pocketed taxpayer monies, therefore it doesn't matter what the FOMC sets rates at. If you want to normalized the real estate market, you must change the fiscal policy which can only happen by removing the Democrats.

@kalijasin 11 дней назад

you wouldn’t be here if it wasn’t for the Magnuson Act so you’re a f@&kin hypocrite!!!!

@kalijasin 11 дней назад

Immigrant calling others illegals is the height of hypocrisy.

@cosmicdance3740 11 дней назад

@@kalijasinnice joke. But a legal immigrant came with permission where as a illegal gate crashed.

@Samuels691 13 дней назад

But is supply outpacing demand?

@user-oh6ox9hz9c 13 дней назад

Yes. Inventory up 30% nationwide, much higher in most Southern states.

@Kimsunmaher 13 дней назад

Yup rich get rich and poor poeple wont ever buy a hoise 105,000

@stevenap4594 10 дней назад

Nah. Just gotta ride the wave and be patient. I bought plots of land for $500 each in a few cities in 2010 and sold the majority to developers who built condos, breweries and manufacturing plants. I won’t tell you how much they paid but I can tell you these guys were absolute idiots. Being rich doesn’t make you smart-

@dudleyj.latham754 13 дней назад

Until affordability is addressed, the housing market will continue to have issues. Interest rates are an issue, but nowhere near as big as affordability.

@faithf5846 13 дней назад

Housing prices, apartment rents, the OPEN borders, economy, crime out of control this is what is on Americans minds.

@theresolutemind9538 13 дней назад

I call for a SOCIAL REVOLT!

@weho_brian 13 дней назад

its just like stocks, and the economy. The market is bifurcated, only the expensive homes in high quality areas are going up

@pedro72246 13 дней назад

No prices are going up. Uneducated buyers will always over pay at the tail before major crash.

@theresolutemind9538 13 дней назад

Both domestic and foreign investors park funds in SFR homes. Congress needs to step in and forbid this. Congress needs to 3-4X the cap gain exemption on sale. Boomers don’t to sell due to massive appreciation over the past 40 years, which will trigger huge tax liabilities. UPDATE THE DAMN TAX LAWS!

@lx5xk 12 дней назад

No. It’s already very generous. Maybe kick out the time you have to be in home or set up different tranches. Like if you’re in a place for 30 years. Gain in sale is fully exempt from AGI

@WalterDorcas 13 дней назад

I want to invest roughly $700,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.

@soniajames-tn4mp 13 дней назад

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or ass:stance. Speaking with an expert helped me stay afloat and grow my portfolio to about 65% since June, even though i know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@Johnmark-iq4gg 13 дней назад

that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+

@WalterDorcas 13 дней назад

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

@Johnmark-iq4gg 13 дней назад

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@WalterDorcas 13 дней назад

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.