Finresi’s Post

America is facing a housing crisis, with tight supplies and high mortgage rates making it tough for buyers. Check out the latest rankings of states with the best housing markets for affordability and value.

We are struck by the conflict between how this WSJ article notes that: 1. consumers who have low mortgage rates have excess cash and thus have “been so resilient in the face of higher interest rates, making it harder for the Fed to bring inflation back to its 2% target” 2. “mortgage rates would need to fall closer to 5% for supply to start to normalize” (supply of existing homes) If mortgage rates have to fall from the current 7+% to 5% for supply to start to normalize AND one huge driver of that fall will be if/when the Fed starts cutting their rates AND the Fed will only do that when they see inflation getting under control AND consumers are resilient to current higher rates because of their excess cash due to current low mortgage payments ….then we could be in this abnormally low supply of existing homes for quite some time as 1 and 2 are basically in a negative feedback loop. So not only are new homes currently taking an abnormally high share of the market compared to existing home sales, but it could be that way for quite a while. This is good news for our Development Fund that focuses on lot development and new construction – for example, our deals with Jobalia, building lots to sell to D.R. Horton (mentioned in this article). #CarpathianCapital #HousingMarketAnalysis #RealEstateSupply #MortgageRates

🏡 **America's Housing Crisis: Finding Affordable Solutions** 🏡 As we navigate through 2024, it's clear that America is grappling with a severe housing crisis. Tight supplies and soaring mortgage rates are making it increasingly challenging for potential buyers to find affordable housing. 🏠💔 However, not all hope is lost. A recent study has highlighted the states with the best housing markets for affordability and value. These rankings are crucial for anyone looking to make informed decisions in this tough market, whether you're a first-time buyer, an investor, or simply looking to relocate. 🔍 Key insights include: - Which states offer the most competitive housing prices. - How current mortgage rates are impacting market conditions. - Areas showing resilience and growth despite national trends. Let's use this information to help navigate these choppy waters. Stay informed, stay strategic, and together we can find the right opportunities in this challenging environment. 📊📈 Check out the full rankings and detailed analysis here: [link to article] #HousingCrisis #RealEstate #HomeBuying #MarketTrends #AffordableLiving #HousingMarket2024 Feel free to share your thoughts and experiences on the current housing market below. 👇 Let's support each other through this!

What should you expect from the twenty twenty four housing market? Wanna know what to expect from the housing market in 2024? Here’s what the latest forecasts say. And I think you’re gonna like it. According to expert projections, mortgage rates should come down. There are a few reasons for that. But the easiest way to explain it is that inflation is easing, and that means rates should too. We’ve already seen rates decline recently, that should continue. But know that there may be some slight volatility here and there. And, as rates come down, more homes will come to the market. Why? It’s because some homeowners delayed their plans to move last year. Now that rates are a bit lower, some of those people are gonna jump back into the market – and that means more homes for sale. As that happens, home price growth will moderate. Basically, prices will continue to climb, just at a slower pace – and that’s good news for affordability. Wanna talk more about what all of this means for you? I’ve got ya covered. Getting you where you need is my promise to you. It's Your Move! Let's chat. Heather Tankersley Realtor Keller Williams Tri-Lakes Realty D: 417-332-5130 O: 417-336-4999 #heathertankersleyrealtor ##kellerwilliamstrilakes ##keepingcurrentmatters ##itsyourmove #sellyourhome #buyyourhome #lakeproperty #realtormom

🏠 😨Is the American Dream Becoming a Financial Nightmare? Envision owning your dream home only in your worst nightmare instead. What's going to help all the first-timers who are struggling with daily price increases? Probably not just hope and dreams—that must be frustrating too. Here are the latest stats from the housing market: According to the National Association of Realtors, prices kept increasing in almost all U.S. metro areas, with the median sales price of a previously owned home rising by 5% over the last year. Mortgage rates are also on the rise; payers have recently seen their expenses go up by 9%, reaching about $2,000 a month with a 20% down payment. A Fannie Mae survey found that a shocking 80% of Americans think it’s a bad time to buy a house. So, what do these trends suggest? Are rising prices changing how people feel about owning a home, or are they reshaping what the American Dream means?

Loading… First-time buyers are in a bit of a holding pattern right now, and it's all about the upcoming election. A new survey shows nearly a quarter of them are hitting the pause button on home purchases, waiting to see if promises like down payment assistance or new housing policies will come to life in 2025. Younger buyers, especially, are tuned in, hoping that post-election, the housing market might finally cut them a break. But it’s not just the election—some buyers are still saving up, while others are waiting for mortgage rates to drop. The real question is whether the market will bounce back with confidence or if rising home prices will keep would-be homeowners on the sidelines. Keep an eye on this one because it could set the tone for the next big wave of buyers.

It’s a new year and overall Californians are feeling more confident about the housing market now versus last year because we’re starting to see a light at the end of the tunnel. While mortgage rates went up slightly at the beginning of January, easing inflationary pressure and a soft economic outlook have many people believing that mortgage rates will decline in the next 12 months. The housing market should see a bounce back in activity in the coming months if the sentiment can maintain its upward momentum! This means for those of you who don’t want to be involved in a bidding war while you’re buying a house, let’s start looking now and get in before the market gets hot again! With that being said, here is what’s happening in the following areas for the first month of 2024: - Manhattan Beach - Redondo Beach - El Segundo - Hermosa Beach - Torrance - Palos Verdes Estates - Rancho Palos Verdes - Rolling Hills - Rolling Hills Estates - San Pedro If you don’t see the city you are interested in here, reach out to me! I’d be happy to send you a customized analysis. Chanel Walker Terry RE/MAX Realtor® ☎️(310) 365-6738 ✉️chanelwterry@gmail.com DRE 02156782

The Southern California housing market shows resilience and steady growth as we move into 2024. With median sold prices appreciating across most counties and lower mortgage rates enhancing affordability, the market currently favors sellers. However, rising interest rates and county-specific dynamics require buyers and sellers to adapt their strategies. ~ For those considering entering the market, now might be an opportune moment, but it's crucial to stay informed and consult professionals. #CaliforniaRealEstate #SoCalHousing #MarketUpdate

https://lnkd.in/gDYEDPw7 What Should You Expect from the 2024 Housing Market? 🏡🔮 Wanna know what to expect from the housing market in 2024? Here’s what the latest forecasts say. And I think you’re gonna like it. According to expert projections, mortgage rates should come down. There are a few reasons for that. But the easiest way to explain it is that inflation is easing, and that means rates should too. We’ve already seen rates decline recently, that should continue. But know that there may be some slight volatility here and there. And, as rates come down, more homes will come to the market. Why? It’s because some homeowners delayed their plans to move last year. Now that rates are a bit lower, some of those people are gonna jump back into the market – and that means more homes for sale. As that happens, home price growth will moderate. Basically, prices will continue to climb, just at a slower pace – and that’s good news for affordability. Wanna talk more about what all of this means for you? I’ve got ya covered. 📲 (510) 847-5598 📧 realtor@DerekHan.com #HousingMarket2024 #MarketForecasts #RealEstatePredictions #MortgageRates #Affordability #Homebuying #MarketInsights #EconomicForecast #HousingTrends #ConnectWithMe #realtor #eastbayrealtor #eastbayrealestate #bayarearealestate #bayarearealtor #realtorBerkeley #BerekelyRealEstate #bghrerp #derekhan168 #derekhanrealtor