Do You Think The Housing Bubble Will Burst Soon?

StarSong said:
I disagree. Rates affect payment affordability for anyone who takes out a loan. If 40% of recent deals are all cash that means 60% need financing. When the combination of home price and interest rates are too high, buyers won't qualify for them.
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All that happens is people step down a notch ..it has always put pressure on he lower end when rates rise
 

Sooner or later those capable of paying inflated pricing will fade. The money will run out.

Sold a house as is in a hot market and got more than a full renovation would've got during the first bubble. Like most other recent sales in the neighborhood it was out of state working couples that purchased it(out of staters don't realize they are in one of the highest property tax rates in county) Nearby city money will either go to more luxary type neighborhoods or can't afford the burbs.
 
WhatInThe said:
Sooner or later those capable of paying inflated pricing will fade. The money will run out.

Sold a house as is in a hot market and got more than a full renovation would've got during the first bubble. Like most other recent sales in the neighborhood it was out of state working couples that purchased it(out of staters don't realize they are in one of the highest property tax rates in county) Nearby city money will either go to more luxary type neighborhoods or can't afford the burbs.
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Saw a real estate sign on the way back from our short trip “sell to a Californian” 😂😂😂. A lot of people buying houses in Utah are Californians, Texans, and a few New Yorkers.
 

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