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re: 2 year inverted yield curve
Posted on 4/23/24 at 8:28 pm to Saunson69
Posted on 4/23/24 at 8:28 pm to Saunson69
quote:
I'll buy a house if/when it happens and give a big middle finger to all these greedy people and real estate agents letting them know that "No you're 1500 sq ft house isn't worth remotely $500k, more like $200k"
I have a strong feeling that this won’t happen.
As rates decrease, prices are going to escalate as more money is available to buy and sellers loosen up to the notion of moving without giving up that low mortgage.
I think now might just be the low in the real estate market for a good while
1
Posted on 4/23/24 at 8:33 pm to SlidellCajun
The low lol? You're not looking at the big picture. The fact that majority of Americans can't afford housing and markets will always adjust to where a large percentage can. I'm positive a correction will happen within next 2-3 years. No shot it doesn't tank based on prior housing price to inflation/median income of US households. Would not be surprised to see even up to a 30% correction. It's at its peak now and every single time it has done this in the past, it drops significantly. It'd be hard to view that link and believe that it will not drop by a pretty large margin.
The other thing is that housing prices were at inflation increases from 1950 to 2000. Since 2000, it's way outpaced inflation. You see on the link a large correction in 2008, we are the peak today. It could even be worse than a 2008 correction. It may get back in line with 1950 through 2000 rates.
https://www.longtermtrends.net/home-price-vs-inflation/
The other thing is that housing prices were at inflation increases from 1950 to 2000. Since 2000, it's way outpaced inflation. You see on the link a large correction in 2008, we are the peak today. It could even be worse than a 2008 correction. It may get back in line with 1950 through 2000 rates.
https://www.longtermtrends.net/home-price-vs-inflation/
This post was edited on 4/23/24 at 8:45 pm
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