![]() ![]() Relationship skills, Excellent communication skills and critical thinking are a must! Our expectation is that you will do so in a civilized manner.īecoming a GOOD real estate investor typically requires a significant change in the way you think about.everything. Opposing views and discussions are encouraged. Please refrain from using profanity in post titles. ![]() Please do not post a link with no supporting comment. Please do not market deals either as a Buyer or Seller. Please do not post requests regarding your "real estate investing app" or "startup". Please do not begin an AMA without discussing with the Moderation Team. "So while home prices are increasing, affordability is a relative term and we're seeing some people take advantage of that.Please Note: This Sub is Modded with an IRON FIST when it pertains to spam, attempted SEO, "Guru" and/or Self Promotion and click bait. "You still have about 30% that are saying, 'If I'm able to work remotely at least part of the time, maybe all the time, then perhaps I want to live somewhere differently than where I live today, maybe even in somewhere a little more affordable,'" Gorman said. Perhaps move forward in my retirement plans,'" Gorman explained on "Power Lunch." ![]() About 30% are seeing an increase in value in their home, so they're saying, 'Maybe I want to monetize that value. "Approximately 40% are upsizing, the most classic reason why people are looking to move. Gorman's company - which is owned by Realogy - recently conducted a survey focused on why people are considering selling a house. "I know there's a lot of concern about potential speculation out there, but that's really not what's happening in the market today," Coldwell Banker Real Estate CEO Ryan Gorman told CNBC on Tuesday. Others have a different view than Greene on what's causing the demand surge. One crucial reason some people say this boom is different is because mortgage underwriting standards have improved due to the previous crash. Not everyone shares Greene's view on the housing market being in a bubble, even if they believe real estate values may experience a brief correction. "When you see prices go up the way they've gone up, you have to ask yourself: Why did this happen?" Greene said, contending the robust monetary and fiscal policy response to the pandemic played a key role. Recently, Google searches for "When is the housing market going to crash?" have spiked dramatically. ![]() Greene is not the first person to suggest the market is overheating, although his previous bet against the housing market in the mid-2000s makes his comments Friday notable. Home prices have been soaring as strong demand clashed with low supply. Mortgage rates have been historically low, and the rise of remote work has given Americans greater flexibility in where they live. economy during the coronavirus pandemic, which also put millions of people out of work and sparked a recession. The housing market has been one of the strongest parts of the U.S. and people's balance sheets and their bank accounts that it's just driven prices of everything higher, but at some point, this has to stop," Greene said. "There's just so much money in corporate balance sheets. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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