[manaboutown]

Originally Posted by davem4616

or move to San Francisco...they'll give you a free tent...and you don't even have to wear a flower in your hair if you're going there anymore

The streets of San Francisco ain't like they used to be...

[manaboutown]

Zillow’s House Flipping Hits a Snag as the Red-Hot U.S. Housing Market Shows Signs It’s Cooling

[Catalina36]

Yes the Real Estate Market has gone up crazy in the last 8 months. Now the question? Where is the Real Estate Market heading and will the prices retreat?? One thing you need to remember The Villages Real Estate Market is in a different category then most other locations. While I believe the Real Estate Market has stabilized in other areas. I believe The Villages Real Estate value will continue to rise. Remember supply and demand. It's all about, the "Baby Boomers" are Retiring and looking for a great location like The Villages to retire to. Like every "Villages homeowner" already knows. When buying a home in The Villages your not just buying a new home, Your Buying "A Life Style". No other location has what the Villages offers it's homeowners.

[Catalina36]

LOOK OUT, A half million / 500,000 are coming from Afghanistan. YIKES.

[LateBoomer]

just reported this morning - housing permits/starts tumbled in September. This makes existing stock even more valuable

[Dan2020]

LAST WEEK’S NEWS that Social Security recipients will receive a 5.9% cost-of-living adjustment for 2022 might seem like a nonevent. After all, those larger monthly checks will be fully devoured by today’s higher prices.

Or maybe not.

September’s report for the Consumer Price Index (CPI) showed that inflation for medical care services—a big cost for retirees—was quite tame over the past 12 months, rising less than 1%. Seniors also spend significantly less on transportation, so they’re less harmed by the past year’s 15% surge in the cost of new and used cars and trucks, as well as motor vehicle parts.

On the downside, younger retirees—or, at least, those willing to travel during the pandemic—have likely felt the brunt of the 18% jump in the cost of “lodging away from home.” One plus for travelers: A strong U.S. dollar has made overseas excursions less pricey. Those in their 60s usually travel more, while those ages 75 and up tend to spend a higher amount on health care.

Next year may be kinder to all consumers. According to Bank of America analysts, core CPI—which excludes volatile food and energy items—will rise 4.3% in 2021 and 3.1% in 2022. The Federal Reserve, which looks at a somewhat different inflation measure, expects core inflation to be even lower.

What does all this mean? Arguably, those receiving Social Security checks are getting a pretty good deal. They’re receiving a 5.9% raise, while their cost of living appears to be climbing at a slower rate.

Coming Out Ahead - HumbleDollar

[manaboutown]

US home construction declines 1.6% in September | FOX 56 Lexington

Homebuilding slows as materials shortages linger | Fox Business

[manaboutown]

US existing home sales rebound in September, rise 7%

[manaboutown]

'Home prices will grow a further 16%' by end of next year: Goldman forecast

[Normal]

The FED has to correct for inflationary pressure with lending rates; that and printing money are the only tools they have. When interest rates are raised, after Yellen gets out of the way, purchases and purchasers will be pressured to close and then slow. That said, home prices won’t necessarily drop because of the pressure and because of the supply chain issues created. Labor rates for new construction, lack of availability, lack of building supplies and demand will make prices slowly increase. The stock market won’t necessarily have much of a say I afraid. What you see now, will only go higher. History only seems to repeat itself. House prices never really declined after the 70’s either.