I just want a 30% dip :(

I truly hope so

I want 50%

Signs are pointing in the right direction for the fed to lower rates once inflation cools to a point they consider acceptable

When that’ll be who knows, but that’ll dislodge some of the folks who would sell but don’t want to let go of their low monthly payments

I’m less optimistic about that pressure undoing the damage done to the rental market tbh. We really need to consider some kind of legislation against investment properties and companies like Blackrock buying homes en masse. The middle class can’t compete and it’s creating a generation of permanent renters

When the market collapses, what makes you think you'll be in the financial position to buy something? Isn't it likely that the rest of the economy will get pulled down with the housing mkt? And even still, you need to hope that there isn't an even better-situated investor who can come scoop up everything in sight.

If you think there is going to be a 15%+ permanent correction you are crazy. There will for sure be dips tho in the short term.

There are not enough houses being built to keep up with immigration and existing demand which means there will always be a supply problem.

Everyone wants to live in the same places (whether it's job/family/social circles) and as long as that exists its going to be high

I don't want to own a house to hard to sell

Can anyone tell me ONE time in the last 23 years where business was BOOMIN????

My whole life all I hear is a collapse on the way, doomsday, no jobs yada yada

We missed those times brodie

Boomers got it all for themselves

YOU WILL OWN NOTHING AND BE HAPPY

In

The cousin

Rocket Mortgage has introduced a new initiative that enables individuals with low to moderate incomes to make a down payment as low as 1% on their desired homes.

Rocket Mortgage (RKT) has launched a program called ONE+ that allows aspiring homeowners with limited financial resources to purchase homes in their area by only paying 1% of the home's purchase price. This program also eliminates the need for mortgage insurance, reducing the overall cost of homeownership.

To ensure that the mortgages originated by Rocket are sold and guaranteed by government agencies Fannie Mae (FNMA) and Freddie Mac (FMCC), Rocket will contribute 2% of the borrower's loans. Additionally, the mortgage premium, which is typically required for buyers who put down less than 20% on a home, will be reduced.

unusualwhales.com/mobile/news/home-buyers-will-be-able-to-put-as-little-as-1-down-as-payment-for-a-home-under-a-new-program-launched-by-rocket-mortgage

Obviously this isn’t going to correct the market single-handedly, but really interested to see how much downward pressure this causes on prices once these homes end up back for sale.

Florida sucks

Look at y’all damn governor

When you have nothing else to complain about

B**** nobody gaf about Ron desantis.
What ho dunk ass state are u from…..

Suck me

My low interest rate mortgage from when we bought few yrs ago
Hopefully when we ready to sell and buy the rates will be back.
Definitely renting old out my place could be an option
Just have to deal with being a landlord s***

Its collapses like every 5 to 8 years for like 2ish years

Modern Usa speaking

We are in the stage typically before a collapse, high inflation & not enough renters/buyers

Who knows tho

S*** goes up and down hella since Covid started like gas one week it 4.65 the next week its 3.40 etc. same with groceries and pretty much most s*** at the moment and even stocks

Pics?