Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Haven't you figured it our by now?
Your charts don't tell you where the price is going. They only tell you where it's been.
Where was the correction call 6 momths ago?...a year ago?
There was a way to see this coming, there just wasn't a chart to show you ahead of time.
It happened just like I said it would, and it is far from over.
Powell planning to raise the rate 10x what it is now. China in deep correction entering a recession.
Bull market been over all year. Chart guys just figur9ng it out now.
Earnings reports everywhere.
"Business isn't great, but we made up for it by charging you more"
What a joke.
But it's ok...the stock market isn't going down. You can pay for your house with your retirement savings I guess.
Imagine how much easier 5% mortgages would be to handle if savings account yielded 5%?
Now we have banks asking for 5%, while paying you nothing.
How dense can the FED be?
Until they do, people will continue to be priced out of everything everywhere.
Need interst rates to match inflation for capitalism to work. Simple as that.
Puts savings accounts at 8.5%, and mortgage rates at absurd levels I can't even type.
The only answer to global inflation is global deflation...or pending civil wars in less capitalized countries.
The whole word needs a 30% downtrend in the name of survival.
No one needs a higher stock market.
It's never gone so high so fast and it helped almost no one.
Those are February numbers bro.
Rate bigly higher since then.
My spidy sense says there will be more downward revisions.
No one will as the cost of a mortgage rockets in real time.
It was a good run.
Trillions of mortgage back security buying disappears and rates going up like crazy.
FED was a bad boy.
Not only is it not buying them. It has like 2T to sell!
Who cares.
This matters though.
Mortgage rate soars closer to 5% in its second huge jump this week
https://www.cnbc.com/2022/03/25/mortgage-rate-soars-closer-to-5percent-in-its-second-huge-jump-this-week.html
Revising down rather quickly. Again...point Vandalay. Where all my housing matekt specialists at?
Base rate is only .25% oye...mortgage rate headed over 7%
Well that's weird.
Everyone on here saying the exact opposite.
Yield curve had been inverted all week.
Check out the 5 and 10 year
Why would you point to the perfect example of how it works...
After saying that isn't how its going to work.
Powell thinks he's doing it with 2% spread over 7 months.
You just pointed out last time it took 10 times that amount.
Everything will correct as rates climb.
But it took rates in the 20% to curb the inflation you are referncing.
Which lead to a missive repricing of assets.
Stay tuned.
We are headed past eight and on the way to nine in less than 30 days.
We are not that far away.
We have gone from 4 to 8 in less than a year.
What does that have to do with the next few?
It was a monster because rates were the lowest in history.
Now inflation soon to be highest in history.
So if we do some quick math...
Home Builders missing on revenue. Home builder confidence dropping, mortgage traffic dropping, refinances almost non-existent, first time hoe buyer percentage at an all time low.
= a fantastic housing market on it's way.
Weird phenomenon for a market so hot houses sell in a day.
Stocks making the biggest moves premarket: KB Home, Spotify, Nikola and others
https://www.cnbc.com/2022/03/24/stocks-making-the-biggest-moves-premarket-kb-home-spotify-nikola-and-others.html
KBH missing across the board.
I live in NC. There is land developements cleared everywhere.
Buy a house in one day...if you have the money.
All you need in 400-500k
Sounds like your client has an affordability problem.
What sella in one day...house at an affoedable price.
Guess what they did after 08?
Incentivized first time home buying.
Why do you think that is?
Think it has anything to do with demand and affordability?
Who cares.
No one can afford them.
They can go up as much as they want. Doesn't mean you'll sell them.
Rose colored glasses.
Interst rates and plummeting first time home buyers is all you need to know.
Everything else is speculation, not matching real world stats.
This is not a new process.
Happens over and over and over again.
Or...bought a house and made money.
Those days are over too.
Exactly.
The number of people/money in the market is getting smaller.
That statistic means almost 2 thirds of the gurus on here are living paycheck to paycheck.
Because I have plans for my money at reasonable prices.
If prices don't become reasonable the "who cares" will be the stock market number.
As inflation heats up, 64% of Americans live paycheck to paycheck
https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html
The time to consider a soft landing was a year ago...#transitory.
Now ever metric you measure your job by is embarassingly out of wack.
Come on bud...just say it. You can do it. Say the D word.
We know you screwed up real bad. We don't need the "see what happened was" speeches.
Powell out there almost everyday now trying to spin a lie that makes sense to someone.
Does he look like a desperate old man, trying to say the Ukraine is single handly resposible for the whole country's inflation?...or is it just me?
Powell. Don't worry bud. You'll get there soon. The answer to inflation is deflation.
Also none
None silly. I sold it 5 months ago.
I'm in construction. I was in construction in 08. I have eyes.
Patience.
The supply/demand equation cares.
By lower their standards you are referring to the price they will pay for a home.
I agree.
Home prices are already sliding. Refinance activity is practically non-existent. Builders can't build houses at prices people can afford.
It has already started.
The housing market is leveraged up to its eyeballs.
And the base rate is still only .25%
Investors. Which are a larger percentage of the market than ever.
This has all already happened only a littpe over decade ago.
This exact thing.
Demand is drying up due to pricing. Prices will fall...investors will lose.
They be will 5% by summer.
There won't be any supply problems soon.
Read the articles closer. First time home buyers % dropping like a rock.
The only way demand goes up organically is if first time homebuyers go up. As in the other people already have homes. Net zero on the supply/demand front. They are selling one to buy one...unless they are investors.
Investors way up.
Think those investors still going to want in as interst to hold property skyrockets and demand drops?
It will not be the ability to collect rent that will be the problem.
It will be the decreasing value of an asset.
Who cares if somoone is paying your mortgage on a property losing value?
Carl Icahn says there 'very well could be a recession or even worse'
https://www.cnbc.com/2022/03/22/carl-icahn-says-there-very-well-could-be-a-recession-or-even-worse.html
Stronger huh?
Mortgage refinance demand plunges 14%, as interest rates spike higher
https://www.cnbc.com/2022/03/23/mortgage-refinance-demand-plunges-14percent-as-interest-rates-spike-higher.html
Actaully 12% weekend than a year ago.
Inventory issues?
Where do houses come from?
Just go there and get one.
Mortgage refinance demand plunges 14%, as interest rates spike higher
https://www.cnbc.com/2022/03/23/mortgage-refinance-demand-plunges-14percent-as-interest-rates-spike-higher.html
“First-time homebuyers, who rely on these government programs, are increasingly challenged by both the rapid increase in home prices and higher mortgage rates,” added Fratantoni.
Inventory doesn't seem to be the problem.
Well I for one am shocked. You?
Mortgage rates are surging faster than expected, economists lower home sales forecasts
https://www.cnbc.com/2022/03/22/mortgage-rates-are-surging-faster-than-expected-prompting-economists-to-lower-their-home-sales-forecasts.html