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Started By
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re: Crystal ball $ gurus, where are rates going?
Posted on 4/10/24 at 9:07 am to I Love Bama
Posted on 4/10/24 at 9:07 am to I Love Bama
quote:
Real Estate is cracking as we speak. Proceed at your own risk.
Is it? I know CRE has shown weakness, but home sales (both new and existing) and sale prices seem to have levelled off (my belief is that buyers are assimilating to current interest rates as being "the new norm" as well as banking on being able to refi within the next few years).
I think there's a consumer debt bubble and the longer it goes without popping, the bigger the pop is going to be. When that happens, real estate is going to take a nose-dive as consumers begin defaulting on debt.
1
Posted on 4/10/24 at 10:20 am to I Love Bama
The last time it cracked, recreational timberland, at least in SW MS where I keep tabs on things, kept right on trucking.
Posted on 4/10/24 at 10:21 am to turkish
quote:
The last time it cracked, recreational timberland, at least in SW MS where I keep tabs on things, kept right on trucking.
Fair point.
Posted on 4/10/24 at 10:30 am to GREENHEAD22
About where they are today for next 12-18 months. Won't change much.
How big a part is this in your decision?
How big a part is this in your decision?
Posted on 4/10/24 at 10:41 am to Bard
Agree. Bama's statement that real estate is cracking is too vague. Have to look at type of real estate. Residential home inventory is low where I live due to your point. So building is ticking up. Residential lots are in demand and selling at a premium.
The rising consumer debt will affect most sectors of the economy at some point.
The rising consumer debt will affect most sectors of the economy at some point.
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