Will stay at current values and slowly increase. Supply and demand issue. Last spike was due to mass relocation of remote workers and blackrock and equivalent funds buying up homes
We still doing these polls? Housing is hitting new highs at 8%
Yup so u mean with house hitting new highs at 8% there is some sort of a crash near future?
No I think it goes even higher from here
Wishful thinking
Housing NEVER EVER crashes in Cupertino
Haha it has in the 60s, the 80s, and will again. Sorry bag holder
Hm. I think that was probably before the most valuable company on the planet built a massive corporate presence near the middle of it and then told the employees that their butts needed to be in seats. Cupertino doesn’t go down until Apple does. So, like, not in the next decade or two at least. PS- the 80s were 40 years ago. 60s were 60 years ago. Not exactly “fresh” data. 😂 PPS- I don’t even live in California so I have no dog in this fight.
Waiting to see what fun things politicians will come up with for an election year. Would not start buying property for short term rentals right now. Banning them seems like a good low hanging fruit solution to quickly boost supply.
So many folks are locked in below 4 % interest rates and they are not gonna put their homes on market unless there is distress or a major event . Housing will have 10 % odd corrections but crash is not looking like a possibility in next 5 to 10 years .
The point is if you bought a $3MM dollar home whose value crashes to $2MM do you still hold it for another 10 years to see its value return to $3MM or do you let go of the mortgage altogether? That is the question some analysts are asking.
Is that even a real question though? 4% interest for a $3m home = $11,457.97/mo 7% interest on a $2m home = $10,677.10/mo Unless people are randomly deciding to downsize, there is no way they would give up their home to save $800/mo.
Plateaus for next 6 months before slowly increasing again.
Housing is region and zip code based. Many will go down a bit some will stay flat and few will go up
Going to stay stagnant because of the election. And then will plummet. Same will happen for the stock market. Planning to buy some puts
You are the only person to say plummet? Mind explaining why...would like to understand your perspective
Source: trust me bro
Neutral