Will home buyers jump at cheaper mortgage rates?

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Опубликовано:

10 сен 2024

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Комментарии : 104

@michaelschiemer3 25 дней назад

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

@Rachadrian 25 дней назад

The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

@Dantursi1 25 дней назад

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@derrickholfman2 25 дней назад

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

@Dantursi1 25 дней назад

Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@derrickholfman2 25 дней назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@kortyEdna825 26 дней назад

@PatrickFitzgerald-cx6io 26 дней назад

The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market

@carssimplified2195 26 дней назад

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

@foden700 26 дней назад

in my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@Justinmeyer1000 26 дней назад

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

@foden700 26 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@cynthiastarks7161 Месяц назад

If I were a home buyer and didn't need to move right now, I would absolutely wait until next Spring. In my Central Indiana area, many houses are sitting on the market and seeing price reduction after price reduction. Unfortunately, sellers seem to think we're still in the pandemic era and are seeking to continue to price their homes too high. As realtors, we need to emphasize where the market is right now, and encourage more realistic pricing.

@SigFigNewton Месяц назад

Low demand for many months. Gets interpreted as there being many buyers on the sidelines, lots of demand incoming! Low new listings for many months. Gets interpreted as sellers not having to sell, very low supply incoming! The bullish bias that had Zillow etc predicting double digit home price appreciation from mid 2022 to mid 2023 (the reality was flat yoy prices) is still present. If the bias is off by as much now as it was then, it won’t be only a couple of states experiencing appreciable depreciation.

@AdamWright8fool Месяц назад

At 39 and recently laid off, I’m at a breaking point. With $425K saved for early retirement at 50, $10K in an HSA, and a property that could yield an additional $200K, what are my options for generating steady income?

@FreemanJameZ Месяц назад

It’s reasonable to consider getting a financial advisor now, but delaying retirement might be a wiser choice.

@AdamWright8fool Месяц назад

I’m unsure weather to find another job or merge all my investment accounts into one. If I do, how should I handle it, and are there any potential drawbacks? I also plan to sell my property, which could add $200K over time. Should I consolidate my investments into a single account or spread them across various markets?

@RhysHuntoffice Месяц назад

These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market

@ArchieJohnson5h Месяц назад

That’s impressive! My portfolio has been struggling. Who is your advisor?

@RhysHuntoffice Месяц назад

Leah Foster Alderman. Look her up online, she's well-known.

@Anonymous-sl1yu Месяц назад

Mike you kept being so insistent that lower rates would = more home buyers and kept putting off that a reduction in rates was likely to coincide with a slower growth economy. Here we are and your theory is slowly being proven wrong. Clearly there is a rate where demand will be spurred, but rates don't exist in a vacuum. Other economic factors are always at play.

@joesmith3590 Месяц назад

His theory is in no way being proved wrong. Rates barely got cut just wait. Next year prices up 5-15% regardless of recession. The vast majority of people stay working in a recession. Recession don’t cause prices to drop. Only real drop was 08 from bad loan.

@Anonymous-sl1yu Месяц назад

@@joesmith3590. We're now 1% off of where mortgage rates were several months ago with no sign of increased pendings. He's even starting to admit his prediction is wrong. I started saying months ago on here "don't be so sure; there is just as high of chance that lower economic activity could be a bigger impact that rates falling". He didn't want to acknowledge that and now he's starting every week with an admission of surprise that pendings are picking up with the lower rates.

@Anonymous-sl1yu Месяц назад

@@joesmith3590 And you've got to be kidding me if you think that prices don't drop in a recession. They don't *need to drop* in a recession, but they often do when you look over 100+ years of data on the subject. You're too focused on Covid on Dot Com. Go back further and you'll see a lot more buyers markets over time.

@agentcrypto7741 Месяц назад

@@joesmith3590 🤡

@JeffLake-sh4qf Месяц назад

@@Anonymous-sl1yu How many homes were for sale in this same week in 2015?

@daninthedirt9449 Месяц назад

We are 1st time home buyers we will wait prices & rates are too high

@JimmyGCarolinas Месяц назад

what market / area of the country are you in? real estate is definitely local, like they say. In Charlotte where we're still getting an influx of people moving to the area every day

@tonyredemann2001 Месяц назад

Ive noticed more orice cuts here lately as well. However, its just homes that were listing alot over their actual value then they reduce to or just ckose to the actual value then sell. Its not really home value decreasing. Seen that alot here in northern va and people seeing it happening in many other areas.

@seanoconnor8138 Месяц назад

like we have been saying since the hikes began, there will be no demand until prices go lower.

@JimmyGCarolinas Месяц назад

when are prices coming down and what's going to drive prices down? And how much? 5%? 10? or are you waiting for a housing market crash with prices tanking 20%?

@seanoconnor8138 Месяц назад

@@JimmyGCarolinas yeah, prices need to come down a lot before demand gets to a normal level.

@professorprofessorson8795 Месяц назад

No prices still too high

@Manojwouldgo Месяц назад

Somebody has to pay!

@ReeLSpirit Месяц назад

Price does not matter, it is the monthly payments. If rates go down and cause cheaper payments. It will do

@luissuarez4540 Месяц назад

NO. In my opinion, is not just about mortgage rates is also pricing. I will be a cash buyer, but i refuse to buy until prices come down.

@PJF56 Месяц назад

You are going to wait a very long time.

@ChrissyLew Месяц назад

@@PJF56 Indeed he will.

@cesarq6011 Месяц назад

Home Prices will stagnate in the overall market. There’s no crash coming. Regardless, in 5 years that price correction you’re waiting for will only exceed your initial purchase price. It’ll only be a blip in a chart. Homes appreciate over time.

@luissuarez4540 Месяц назад

@@cesarq6011 I lost a lot of money in 2008 thinking that way. Home prices don't appreciate 20, 30 or even 40% in a couple of years, normal appreciation rate is 2 to 5% and not all years are positive.

@akumaar Месяц назад

@@luissuarez4540sellers think they can get whatever price they put on their house, they are randomly pulling prices from a deep stinking hole. I am not going to entertain this nonsense.

@nonexistent5030 Месяц назад

Affordability has a looooong way to go to excite me. 😂

@ColinCrawford Месяц назад

If folks had their down payment in the equity markets - they maybe more concerned about the sell off rather than a small decrease in mortgage rates !

@NoOne-h7o Месяц назад

They'll jump at cheaper home prices

@JorgeOrpinel Месяц назад

What home buyers?

@homemarketinggroup Месяц назад

If the unemployment rate continues to rise this year, how do you think that impacts listings and prices? It would seem that would be more motivated sellers coming to the market due to job loss.

@edmund2j Месяц назад

No. Only those who are really desperate and ignorant of how ridiculously high the prices are right now will buy into it.

@peterbedford2610 Месяц назад

Depends on what "cheaper" is

@MikeCasey-z5m Месяц назад

In my opinion, housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

@Harris_j1 Месяц назад

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you're careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn't king at all in this time!

@Pat_laura22 Месяц назад

You are right! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above $450k in net profit across high dividend yield stocks, ETF and bonds.

@campelm Месяц назад

I have been thinking about how to grow my reserve by at least 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target.

@Millerj2450 29 дней назад

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with “Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.

@geraldhoward6351 29 дней назад

Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.

@ryanbeach3300 Месяц назад

People won’t have jobs to buy

@outofthebox5441 Месяц назад

You might not have a job but everyone else will

@ryanbeach3300 Месяц назад

@@outofthebox5441 huh ?

@peaslead Месяц назад

Lol, there is still a labor shortage!!

@SigFigNewton Месяц назад

These data are far more bearish than his interpretation

@JohnDoep Месяц назад

will they jump in ? NO

@JimmyGCarolinas Месяц назад

If you are building a new construction home, why would you wait? Rates are coming down and if you have a 6-9 month build timeframe, you can contract now and let your rate float until you get closer to closing time, especially with it looking like rates are going down and will continue to go down. The longer you wait, the more competition there will be for homes, for lots, etc. I left general brokerage at the start of the year and joined the largest private builder in the Carolinas, and if you have the time, building a new home is the way to go!

@NoOne-h7o Месяц назад

no lol

@akumaar Месяц назад

Lol ... where are the buyers? you're going to buy them all to generate the demand?

@Detached_AZ Месяц назад

Horton, Martin, Mungo, Southern homes, Lennar? just wondering.

@JimmyGCarolinas Месяц назад

True Homes - we are a private, semi custom builder in Charlotte region, Raleigh Region, Triad, Wilmington & Charleston. I work in a community called Edgewater where we are selling 25+ homes a month - 90% client design & build, the rest are quick move in that our design team designs. Our sales floor is slammed, especially on weekends. We are a master plan community with a golf course and lake, a little further out - one hour from Charlotte, one hour from Columbia - and only about 20% built out so we have better pricing and lots of upside equity.

@JimmyGCarolinas Месяц назад

@@akumaar we have lots of buyers. we have people from NY, California, all over the country walking into our community all the time. People looking to move to the Charlotte area. Our community Edgewater was named Community of the Year by Greater Charlotte Home Builders and True Homes was named Builder of the Year.

@raymond_sycamore Месяц назад

Nope.

@ebutuoy5088 Месяц назад

It'll bring on a refi wave and some buyers. And more buyers as rates decrease.

@House_hacker_619 Месяц назад

I can’t wait for rate to drop to 4% and so I can cash out my 1st rental with 500k+ in equity with current mortgage of 12k. and refi my current primary VA loan and transfer to conventional. Then buy houses for cash.😂

@Abdul-nt9uk Месяц назад

4%????

@House_hacker_619 Месяц назад

Yep

@agentcrypto7741 Месяц назад

4%? Keep dreaming. 🤡

@cynthiastarks7161 Месяц назад

I think you may have a long wait for a 4% mortgage. I really am not looking anywhere lower than 6% at this point. I think if the Fed lowers the rate at its Sept. meeting, we might see 6% by the end of the year, but I'll bet no lower.

@House_hacker_619 Месяц назад

@@cynthiastarks7161I’m already seeing VA streamline at 5.125 and my 1st rental has 2.75 with 7 months to pay it off or a total of 12k mortgage. I made a mistake not taking out the equity in early 2022. It is what it is. I’m looking to cash out at 300k with the new mortgage I’m still cash flowing 1k-1200 on my 1st rental. Plus I have over 200k I saved up on rental cash flow. Not including my 1 year of emergency fund. Then use the cash to buy multiple properties in out of state.