Your point being? If prices held up over a pandemic and rising interest rates, you really think they are going down with dropping rates, and spring around the corner? And you are looking at XHB...of course that is down with all this tarriff talk lol. If you want to track real estate look at XLRE...actually I may consider picking some up.
XHB is levered to housing starts and it's down 20% from its high. Tariffs? We're importing lumber, copper and Kohler toilets now? Stick to your knitting which is old, peasant model exotics.
hey. This months hagertys drivers club magazine said the lambo Gallardo is going up a lot in value…. I assume wxy isn’t a peasant and he bought the 6 speed version. Otherwise he just has an Audi tt.
I've been selling mortgages for a living since the end of 2001. Figured I'd entertain this stupid conversation. A material increase in inventory will cause home values to fall. Problem is that everyone refinanced into a sub-3% rate during the scamdemic-- nobody wants to leave their low rate/payment.
GEE THANKS CHRIS FOR THE INCITE.--A material increase in inventory will cause home values to fall. DID YOU KNOW ABSOLUTELY ANYONE CAN SELL REAL ESTATE? NOT MORTGAGES REAL ESTATE. I RESPECT THE MORTGAGE SIDE CHRIS AND I'M JUST TEASING... U.S. housing starts rocketed 15.8% higher to 1.499 M in December » 08:50 $ECON
THE 7% mortgage is it here to stay? Really rich people won't mind- they use cash anyway. You don't have to be a genius to read the tea leaves Trump will lend pressure to the Fed to lower rates and inflation will spike. Part of that inflation spike will be home prices.
I originally got my Ct mortgage at 4.4% / rates got as low as 2% and I failed to refinance. That's on me. Those that nabbed that low.. they are never ever moving. But at 4% with rates now moved up past me I don't feel that behind. The 4% mortgage is not in itself a decision maker especially on a second home. We should be able to convey the same fixed rate on the same house to the next buyer that would really increase sales if that's the goal.