And that is correct also - The USA shutdown travel after 40 other worldwide countries had already shutdown their travel.

And now the govt will help to find more homes to sell to people who cannot afford them.

Makes no sense.

It appears that homebuyers with good credit will soon have to pay higher mortgage rates and fees to subsidize people with riskier credit ratings.

If you have a credit score of 680 or higher you will have to pay about $40 per month more than people with worse credit when taking out a home loan of $400,000.

If you have a 30 year loan and you have good credit, you will pay an extra $14,400 over the life of the loan!

If you are considering a home loan and you have good credit, should you miss a credit card payment or utility payment to get under 680 and save yourself $14,400??

My people call it socialism.

Home prices are like the stock market. They go up. They go down. Nothing matters until the day you sell.

And other people call it punishment for good behavior. How dare you have good credit! What were you thinking when you payed your bills on time? And what about working hard so you can afford those bills in the first place?

Generally, people are fined for bad behavior, they didn’t stop at a stop sign etc. This new policy fines people for good behavior, for doing what they are supposed to do. What could possibly go wrong?

Exactly.
But home prices are leveling off pretty much everywhere. As far as TV go, I don't see prices dropping very much at all. Except for the people overpricing their homes thinking they can still ride the wave.

There's still a lot of boomers out there retiring or getting ready to retire like us. i think Florida will have a very vibrant real estate market for a while, just not white hot like it was a year ago.

Including here. I am building a home in Newell. Took 90 days and SEVERAL price drops to sell.

that information, by itself, does not tell us much.

For example, a few blocks from me, there is a home that has been on the market since November, and has had several price drops, from 460K, now down to 390K. However, upon looking at the price history, one learns that it was sold in November of 2017 for 260K.

Asking for 460K, 5 years later, is asking for a 77% increase in 5 years. Not succeeding in such a lofty goal is far from a "crash". Even now, after several "price drops", should they succeed in getting the current asking price, that would represent a 50% increase in 5 years.

True, that might have worked 2 years ago, but regressing from a "bubble" to more realistic, yet still quite handsome returns, does not a "crash" make.

Bet you still made a profit though!

Wife and I have bought and sold quite a few properties over the years.
Main reasons houses do not sell quickly, is, location, disrepair, poor presentation, or overpriced.
If you have had no offers within first two to three weeks, one of those reasons is holding back the sale, in which case you hang on and hope, or correct the problem.
Location is the only variable you have no control over.

Correct, but the “V” shape recovery was a few months after that, which if you were in the same funds/stocks at the end of 2020, you made a healthy profit.
Compare that market to todays market, well you can’t since we are 10-20% lower today compared to January 2021 and probably go down much lower this year

Interesting thought

Mortgage Rates
 

Communism has never benefited the masses!

Question. Why can't mortgage companies lend their own money, without Government mortgage insurance, and charge a lower interest rate to customers who have a good credit rating and make a responsable down payment?