Mortgage rates already crossed 5% but the home prices not showing any signs of cooling down!! Any historical indicators where we may be headed 🤔

likefunny
Posting as :
works at
You are currently posting as works at

I think we’ll see the housing market weaken and some investors / flippers may lose money, but not the kind of broad credit contagion we saw in 2008 since lenders have still kept their credit box much tighter this time around. Prices may fall in some markets but nationwide averages won’t come down much, they’ll just bounce around a bit.

helpful

Neither. I think we’ll just see average appreciation slow down a lot relative to the variation and risk. Instead of an average growth of 20% with most local markets growing 10-30% like last year, the next 10 years might average more like 0% with individual markets returning -10% to 10% in any given year

I don't think today's situation is similar to either of the most recent housing busts (1989 and 2008). Interest rates in 1989 were at 15% so we have a long way to go there. It's just that we've been spoiled with seeing really low rates, so this uptick feels worse in comparison. And 2008 was tired in poor lending practices which have now been solved with more regulation and underwriting standards. We're definitely in uncharted territory here, so any speculation you see on where the market may go is just that: speculation. My personal opinion is with the laws of supply and demand. Home buyers will tell the market when it is overpriced.

Personally I see a very flat road ahead. Higher rates may discourage debt financing, however with demand still substantially outpacing supply it would be pretty hard to imagine prices falling at a substantial level nationwide.

Related Posts

@Partners - how much money do you need to invest I to the firm to get your partner share?

likefunny

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Is Hubspot a good investment?

likefunny

How bad is this trade war going to be?

like

Fedloan servicing's stopped interest payments until Sept due to CARES. I'm a recent grad with more loans than most. Would you continue manual payments on the principle or invest that money? ~$300/mo.

For those who use property management companies to manage your rental properties, what are the services that you really value and will switch out to a different one if not getting such services?

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

Investment gurus - Appreciate pointers for resources (books, blogs, videos etc.) to read up on investment strategies. Just getting started and could use all the help. 🙏

like

OMNY card or MTA card? MTA card for me, it’s so thin that my wallet does not get bulky

like
like
like

First house is currently valued at 900k (bought at 500k 7 years ago). We are considering a move to a LCOL city to try it out.

Should we rent it out for $3800/month to make money while keeping it as rental properties or sell it so we can buy a new home property and then invest the rest? Looks like getting financing for second home is pretty tough.

House is in Arlington VA if it matters.

like

Hey FB fam. I’m putting together Financial success resources. If you have any books, articles or podcasts in relation to personal investments or real estate you recommend, please feel free to share 🙃

like

Crypto market going 😜

like

Bank error 30k in your favor. BTC… Where to start?

likehelpfuluplifting

I never thought I would ever make $1m in my life but using Henry Artem's strategy on trading has made this possible. I urge everyone to take advantage of this strategy and stop watching so many indicators and being scared of the dip. You can contact him via 🆃🅴🅻🅴🅶🆁🅼 (HENRYARTEM) Whats👤App➡️ +44 (7494)493 - 602

Post Photo
like

What do you do and how much you made in 2021?

like

I like my job and live in a cool apartment in a cool city. I travel a lot, I have lots of savings, and I can afford virtually anything I want. I set and meet small goals (ex. run a 10k) regularly...

like

How do you choose 529 college plans. Currently in MD but will move to TX or GA in next couple of years. Any plans that avoids locking into specific state and allow to use funds for private or public colleges.

like

Should I put $20K towards my student loan balance of $230K before the no-interest period ends or max out my 401k, which I have contributed nothing to this year. I’m 25. Employee matches 4%.

like

More Posts

YOE:1
I have just started my journey in Salesforce and I have started working on Salesforce Vlocity. Order management to be specific. I wanted to know what are the opportunities and what kind of job market is there in Salesforce/Vlocity.

Also is it good for learning to start off with Vlocity/Order Management right off cause it is a bit confusing for me.

Some guidance would be useful

like
like

Bless you PMs.

Post Photo
likefunny

Inviting employees from Comcast offices in the United States, Comcast India Engineering Center and more to this bowl Comcast

I applied for a job in ZS but my application was rejected right away, citing reason that I do not meet the minimum qualification required.

Did this happen with anyone else or any idea on this?
In minimum qualification, GPA and work permit was mentioned.
I have 76% in btech and wp in India.
Please help!

like

What is the eligibility or time period needed to move from 6B to 7A in IBM? I have 4.7 years of experience and joined IBM recently in JL 6B.

Thanks in advance.

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

I'm a foreign national with a UK work visa, normally working in London. If I end up working from home outside the UK for 80-100% of the tax year does my UK tax rate change?

like

Hello Guys, I got laid of couple for weeks ago and I am in H1B visa. I am urgently looking for a job in Procurement/Sourcing/Commodity management in supply chain. I have 6 years of experience in total. Please do let me know if you can refer me. Based on your company I will find the job and apply through the referral system.

like

Openings in Deloitte India
Fm for referral

Post Photo
helpful

Hi folks,

I am serving notice period. I am looking for referral in the area of Frontend developer.
My skills - Angular, React js , Javascript, HTML5
My LWD- 30 October
Total experience - 1 year 8 months

like

Senior Program Manager / Director looking for EU based remote work. Planning to relocate back to the EU on a permanent basis in the next 4-6 months. Open to work & would appreciate any kind of referral!

like

Hi Fishes,

I'm holding 4+ years of experience in .Net/.Net Core, MVC, Web API's, Angular and SQL.

If I switch what should be the expected package?


I'm new here, help me to get 11 likes.
TIA

like

I am currently looking to accept new roles for a job. I have an associates in Accounting have an 8+ year background in accounts payable and am about to receive my Bachelor's in August for Business Management and Economics with a concentration in entrepreneurship. What would you think would be considered a fair hourly rate or salary?

like

Cant wait for the dlc so i can kick my coke and drinking habits too

Post Photo
likeupliftingfunny

Are consultants at MBB allowed to trade individual stocks? Or are they limited to mutual funds only? For example, can someone at McKinsey buy AAPL?

like

Which companies should I join
Impetus - 14 + bonus permanent work form home
British telecom -15+ bonus
YOE - 3yrs
Position - data engineer.

like

Hi fishes
How.much percentage of hike is infosys and TCS offering to retain their employees.?
If anyone has any idea please let me know.

like

Additional Posts in Personal Investment Chatter

How do you choose 529 college plans. Currently in MD but will move to TX or GA in next couple of years. Any plans that avoids locking into specific state and allow to use funds for private or public colleges.

like

I’d like some independent views please, on a financial decision my wife and I are about to make. We’re looking to buy our first/dream home and the property is valued at $1.25m. We have savings of $250k and our HHI is c$350k, with no debt. We will probably exhaust our savings on the deposit and closing costs. A $1m with mortgage at 6% with property taxes is c$8k/month. We net about $14k, we think it’s just about manageable, however keen to get your views please? More context in comment below.

likeupliftinghelpful

Better to Airbnb out a rental or find a 12month lease tenant?

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

I have a 401k and money in index funds, what would be the benefits of also having a Roth IRA?

like

The market is down. Are you buying anything today?

like

Where are my swing traders at??

like

People selling risky assets at the lows just to pile into safe heavens that barely appreciate seems like an logical investment strategy. Please stop. Invest in broad indexes and throw away the keys. If anything buy more as everyone sells. This is not rocket science, but as we know investing in difficult times brings out animal spirits. And animals are dumb…Good luck all

smart

For my marriot members. Which cc do yall have for marriot?

like

Would you cash out refi a rental property to buy another rental property?

like

Want to buy a house in bay area? Is this a good time? Thoughts?

like

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like

Advice appreciated: I want to sublease my apartment so that I can rent elsewhere and pay less. I had to move in a short amount of time and it was during the period where there was a high demand for housing, & leases everywhere were expensive so I signed what I thought was fairly cheap in comparison to what was out there. However I found something this month that will cut costs by 30%. How do I go about finding someone to sublease my place?

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

like

Wohooo if you kept it for 3 more days you could have made 35k !!!! Wohooo !!!

Post Photo
likefunny

A very privileged question, but do any of you expect significant inheritance? And if so, how has that affected your retirement planning?

like
likehelpful

Can someone explain to me how it monetarily helps me to split my home mortgage into half and pay half on 1st and half on the 15th? So if my payment is 4K, I pay 2k July 1 and 2k July 15

like

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

Lot of fear in the market right now (understandably so). The situation in Ukraine is awful and the potential consequences are scary to think about.

There are some who want to sell in fear of their investments falling further. Do not do this. Hold and continue to buy more. Continue your 401k contributions, and add whatever you can afford after every paycheck into your brokerage. Those who sold the covid crash were often late buying back in.

This is the dip you're worried about.

Post Photo
likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal