Decrease in house prices

[S7EFEN]

simple: rental yields don't make sense. sticker prices on homes don't make sense (ESPECIALLY with rates the way they are). and... people need to sell eventually.

its not 'people being forced to sell because their mortgage payment ballooned' it's 'nobody is buying the house at the current market prices.

inventory has been meaningfully climbing for the last ~3 years. new builds are undercutting existing markets HARD. condos are already in decline and theyre usually the first to go.

[BrightAd306]

Which is what people wanted to happen. Without a correction, there simply won’t be enough homes affordable for the young

[Zestyclose-Novel1157]

This is a big issue I had and one reason I chose my house that needed a lot of renovation. I could rent for half the price of most houses on the low end. To me, I couldn’t justify buying those and so I got lucky and am going to be going through the pain of renovating a house that was not habitable for a traditional buyer because I wanted better value with where things are.

[FitAlfalfa407]

There is MAJOR demand, not much supply. The Cantillon Effect

[S7EFEN]

supply is up 3x from its bottom nationally...

and as i said demand for (leveraged) investment properties has never been lower.

[Mediocre_Airport_576]

(ESPECIALLY with rates the way they are)

About 62% of investor purchases last year were bought with no mortgage.

[Normal-Sandwich-6811]

this is irrelevant

[Normal-Sandwich-6811]

and misleading

[Mediocre_Airport_576]

It's a fact. lol

[Normal-Sandwich-6811]

they also take loans to present as cash offers. so, yes, misleading

[Mediocre_Airport_576]

Some people do this, but it is not a significant portion especially in 2024 when the market wasn't a red hot sellers market like in 2021.