[JMintzer]

Originally Posted by Timothyimitchell

I was there. Not good. But, lots of things hidden today. The ONLY difference is the FED today Manipulates the entire market. Including INTEREST RATES.

Pretty sure the Fed did that back then as well...

[Babubhat]

Well at least here it is not as bad as the Hamptons.


Bidding wars are a way of life, but lately they’ve become crazier than ever in the Hamptons. “People now line up outside these houses as if they are trying to get into a nightclub,’’ said Elliman broker Enzo Morabito.

[vintageogauge]

Originally Posted by JMintzer

"Finds a way"?

Oh, I dunno'... Maybe roll back the new restrictions on Federal drilling leases, fracking, off-shore drilling that led us to be a net exporter of energy for the first time in forever...

Yep, it's just that simple but will not happen under this administration.

[Timothyimitchell]

Originally Posted by Dan9871

In the 1950's inflation got up to 20% and in the 1970's it almost hit 15%,

United States Inflation Rate | 1914-2021 Data | 2022-2023 Forecast | Calendar

In those days, the numbers were "closer" to real numbers. Data is reported differently today.

[Babubhat]

Originally Posted by Timothyimitchell

In those days, the numbers were "closer" to real numbers. Data is reported differently today.

Last month one house close to me sold in hours. Another on the same block just came up for sale and been sitting for 4 days. Both similar in size and price. Market must be cooling. Lol

[CFrance]

Originally Posted by Laker14

I see you found a picture of my place. The view from the other side is Loblolly Executive Course.

Have you solved the roof problem yet?

[Normal]

More than half the houses that were posted Wednesday are gone again…or, when you find a reasonable one, you click on it, and all of a sudden it says “pending”.

[Robnlaura]

The agents are creating a housing frenzy. We got a call saying I’m holding this house for you till 3pm yada yada yada same as 2006 agents created a frenzy.. it’s a lot of hype and fearmongering.. amazing that there somehow is always inventory to sell every week.. manipulated period this shall pass

[Normal]

Originally Posted by Robnlaura

The agents are creating a housing frenzy. We got a call saying I’m holding this house for you till 3pm yada yada yada same as 2006 agents created a frenzy.. it’s a lot of hype and fearmongering.. amazing that there somehow is always inventory to sell every week.. manipulated period this shall pass

I feel for you, but the “Frenzy” is a national thing. Agents aren’t conspirators; they are middle men/women with a job to do that hinges on communication in a volatile market. It doesn’t take much to sell your home and it takes a lot more to buy one.

Remember, this isn’t a 2006 situation for finances and markets. People can’t borrow like they did then or do short sales so don’t feel pressured like you could lose your shirt from a bad buy. The housing market isn’t going to crash all at once. Currently inventory in TV is short as well as nationally. When it catches up with demand in a couple years, look more for stability, not sudden downturns.

[CoachKandSportsguy]

Originally Posted by Normal

I feel for you, but the “Frenzy” is a national thing. . . . Remember, this isn’t a 2006 situation for finances and markets. People can’t borrow like they did then or do short sales so don’t feel pressured like you could lose your shirt from a bad buy. The housing market isn’t going to crash all at once. Currently inventory in TV is short as well as nationally. When it catches up with demand in a couple years, look more for stability, not sudden downturns.

Bloomberg housing discussion this week, the nation is 5-6 million housing units behind. . . so currently this is a housing shortage not a housing bubble. A housing bubble is too many speculative houses. . . One of the reason for the shortage is that after the housing bubble, the mortgage qualification process is more stringent, which has caused a slow down in purchasing, which caused a slow down in building, second order effects, as well as the building industry transitioned to higher margin, larger houses, such as Toll Brothers, versus local builders who don't develop large tracts, not to say there aren't some.

The rest has to do with the first, second and third order effects of the pandemic and the workforce, including demographics with retirement and the younger ones.

So, the housing market is not looking at a crater similar to the 08 crash, a flattening at some point, a recession, where prices slide a bit from the high, at some point absolutely. But alot also depends upon the path/direction of the general economy as well, not just interest rates any more, as interest rates generally have only one major direction to go if it decides to trend.

But beware, the current 10 year bond rate and a few other leading indicators are suggesting an economic slowdown due to supply shortages is incoming, so waiting is one's best option if one wants a perceived better deal

finance guy

[Normal]

Interest rates will go up, but not enough to significantly effect the housing market. There will be a slow move at first, this Fed is cautious. There may actually be a spike in buying as many will feel they will never get this low again. Then a gradual stability will set in?

[vintageogauge]

Originally Posted by Normal

Interest rates will go up, but not enough to significantly effect the housing market. There will be a slow move at first, this Fed is cautious. There may actually be a spike in buying as many will feel they will never get this low again. Then a gradual stability will set in?

Florida is also in demand due to those now able to work at home and save on their state taxes, still lots of 55 and overs working. Also "Normal" our daughter listed her home in Stow, Ohio last month and had 4 offers above her asking price the first day, they accepted the highest offer and it has closed and the new owners move in today. She lived on Laurel Woods.