"I just got off the phone with Greg Lewis, my brother in Richmond, Virginia, and he has three offers on [a property] today. I've got a property right here in New York City that was below the $1.5M mark, we got multiple bids," Lewis continued. "The thing is, it's going to cost those buyers more money to buy the same thing they could have bought a year ago for a lot less. So it all comes down to that monthly payment.
Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. "I think that housing is a passionate human need.
Need less illegals ! 3,000,000 invaders need housing! Otherwise, no problem!
America may need more housing, but it doesn't need overpriced shacks like in California and elsewhere. It needs reasonable priced homes for Middle America.
No shit
There has been a leftist government plan to destroy individual homes a replace them with apartment buildings.
Lumber is cheap!
If only housing was just shelter and not the best chance a regular person had to accumulate significant wealth, things might be a little less complicated and costs and regulations could fall sufficiently enough to address the need.
Not San Francisco. There is a 27% rental vacancy there. Tech dweebs made rents unaffordable. So, it’s not a housing shortage.
Big thanks lvanWeb3 You really surprised me with $shib
Or BlackRock could stop trying to buy them all
Well the population is booming.
Democrats look to build affordable tent cities and Republicans WHAT? For the most part build sand castles in rising tide.
But the damn Feds must stay out of it! Have enough problems! They caused the crash of 2017, 2023!
The private sector won’t build due to a depressed market. If only some of that 500 mil that went to Palestine since Biden took office to support terrorism were instead invested in new affordable housing in metro areas. But I guess serving Americans isn’t why Biden was elected
Or, America needs less people buying single family housing and using them as rentals. Currently 25% of all homes are rentals
Millions and millions of Migrants... have to rent somewhere. Housing not for Americans, but for foreigners, paid for by YOU.
And here's a harsh quote from Jerome Powell, primarily directed toward realtor speculators. Or just about anyone who's looking to capitalize on real estate. 'Markets have been ‘detached from reality for a very long time' - I'm betting he means real estate markets.
'Get in there. If it makes sense for your life, do it.' - nah. We'll keep watching the price declines come in. Why buy, when prices are trending down. New construction is red hot. Existing inventory is at historical norms, and will soon explode when winter ends, and Airbnb' fail
Americans need small affordable housing!!
Like there is enough low priced vacant apartments for all these Illegal aliens that have crossed the border.
All those Biden Migrants have to live somewhere, and it's costing YOU for them and yourself!
But we're supposed to own nothing and eat zee bugs!