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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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debrahaugen
Secret_Agent_Man
From: John Vosilla7/29/2022 6:32:04 PM
2 Recommendations  Read Replies (1) of 119358
 
Dead board ahead of the next housing crash nationwide probably 2024 nationally. RE cycles last 17-18 years need patience.... Where are the perma bears when you need them??

Mortgage forbearance via Cares Act rolling over many years non payment keeping at least 2.5M homes off the market. Was easy in the rising pandemic market tap the equity. Perhaps this is our subprime crisis this cycle?

Biden 2021-24 mirrors GWB 2005-08 just look at the flat yield curve, late cycle spike in home prices, rise in commodity prices, charts of homebuilders..

Seeing some isolated exhurban markets with tons of new construction outside San Antonio and Boise well above six months inventory already also boom fast growing areas like St George, UT.

In the southeast could only find the southern burbs of Raleigh over 6 months. In Florida hard to find any over 4 months YET..

Mostly buying, remodeling and selling these days. Cashed out all the rentals. Still limited supply where I work move in nice remodeled homes priced right sell quickly even now.

Drop in ten year under 2.7% bodes well for decline under 5% 30 year rates soon. What happens when fed starts selling MBS's on it's balance sheet later this year quantitative tightening? I hear $2.7T much of it purchased last year to help inflate the housing market even more.
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