So when’s the housing bubble bursting?

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Dr. Truth

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So again, when is this so called crash supposed to happen? Been hearing that bullshit for 3 years now going on 4. Meanwhile property values are going up along with rates
 

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Llano

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So again, when is this so called crash supposed to happen? Been hearing that bullshit for 3 years now going on 4. Meanwhile property values are going up along with rates

It will be some corrections but no crash. It's simply a supply & demand issue. High interest rates will slow things down & prices may dip a little but thats about it. Remember the pandemic had people buying properties anywhere from 30 to 70 percent over asking price in many areas. That was when interest rates were in the 2's. So imagine what will happen if or when rates go down again?
 

praetor

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It will be some corrections but no crash. It's simply a supply & demand issue. High interest rates will slow things down & prices may dip a little but thats about it. Remember the pandemic had people buying properties anywhere from 30 to 70 percent over asking price in many areas. That was when interest rates were in the 2's. So imagine what will happen if or when rates go down again?

The lady from Shark Tank was arguing that home prices will go up when rates go back down since folks will try to buy things up again.

The thing is, rates won't go back down until the jobs market weakens. If people lose jobs, they won't be taking vacations and using short term rentals.

Long-term rental rates have already started to decline in the southeast due to increased apartment complex construction.

The institutional investors already sold at a loss.

Like you said, no crash nationally. But Florida is going to get hit harder than most places.
 
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