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Old 01-02-2019, 08:39 AM
 
10,658 posts, read 6,843,855 times
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https://www.redfin.com/blog/2018/12/...uirySource=367



The housing market will continue to cool. Borrowing will cost more but could become more accessible, and homeownership rates will continue to rise.

Over the first half of 2019, home-price growth will stay slow. Our forecasts have price growth settling around 3 percent, which would be the slowest price growth weíve seen in years

Whether total home sales go up or down, more homes will be sold to people who plan to live in the home as opposed to investors, which will cause the homeownership rate to rise

It will cost more to borrow, but more people will have access to credit for home-buying

A cooling housing market will dampen economic growth only slightly

Fewer homes will be built, but more builders will focus on starter homes
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Old 01-02-2019, 10:16 AM
 
Location: Just south of Denver since 1989
10,729 posts, read 28,757,178 times
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Real estate is local. Denver will not follow national norms. 80,000 people move to Colorado last year.
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Old 01-02-2019, 10:45 AM
 
Location: Williamsburg, VA
2,063 posts, read 952,081 times
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A decrease in new home construction might actually be good news for the sale of existing homes, though. Depending on the market, of course. And a decrease in the hottest markets of 2018, such as California, Seattle, or NY might impact national reports, but may not impact other markets that much.
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Old 01-02-2019, 03:13 PM
 
161 posts, read 29,436 times
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Agree with 2bindenver, each city has its own real estate market, there really isnt a national trend so I dont see this affecting anything. There is tons of new construction homes and commercial going on in a lot of areas so yeah I do not find OP article to be accurate
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Old 01-02-2019, 04:58 PM
 
10,658 posts, read 6,843,855 times
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Quote:
Originally Posted by Cinco Ranch View Post
Agree with 2bindenver, each city has its own real estate market, there really isnt a national trend so I dont see this affecting anything. There is tons of new construction homes and commercial going on in a lot of areas so yeah I do not find OP article to be accurate
Perhaps you don't understand the national forecast and think if something is not happening in your are that it's not real.

there is one guy here who thinks everyone should rent instead of buy and invest money instead, he doesn't get that people pay rent and can use that money to buy instead and don't have money to invest either and he only sees things from Manhattan real estate which is unique in the world.
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Old 01-02-2019, 05:26 PM
 
3,380 posts, read 7,378,842 times
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Quote:
Originally Posted by 2bindenver View Post
Real estate is local. Denver will not follow national norms. 80,000 people move to Colorado last year.
OR and WA: same.

As long as there's a California, there will be people moving north from California.
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Old 01-03-2019, 04:19 AM
 
66,790 posts, read 67,836,479 times
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Quote:
Originally Posted by LifeIsGood01 View Post
Perhaps you don't understand the national forecast and think if something is not happening in your are that it's not real.

there is one guy here who thinks everyone should rent instead of buy and invest money instead, he doesn't get that people pay rent and can use that money to buy instead and don't have money to invest either and he only sees things from Manhattan real estate which is unique in the world.
Except that is false and this guy never made such a claim . Why do you insist on posting things That were never claimed to be the case ?This is the 2nd time you posted this nonsense and it is a claim that was never made .

I challenge you to show us where the claim everyone should rent was made .

I know what was said and it was stated renters are not always losers if they chose to invest in alternative assets . It was also said that most people exhibit poor investor behavior and would likely benefit more by buying a home . But the potential exists for doing even better financially by renting and investing the money tied up in a house in greater growing investments ..

That is a far cry from the nonsense you keep posting about what was said

Last edited by mathjak107; 01-03-2019 at 04:58 AM..
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Old 01-03-2019, 05:14 AM
 
12,086 posts, read 6,281,045 times
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Quote:
Originally Posted by LifeIsGood01 View Post
Perhaps you don't understand the national forecast and think if something is not happening in your are that it's not real.

there is one guy here who thinks everyone should rent instead of buy and invest money instead, he doesn't get that people pay rent and can use that money to buy instead and don't have money to invest either and he only sees things from Manhattan real estate which is unique in the world.
It depends on what you are renting but thatís generally true. Youíre better off renting a small inexpensive apartment and investing the difference in the market. Owning a home is discretionary spending to improve your quality of life. There are exceptions in a few red-hot real estate markets but in most places, home prices track income growth and most people havenít done better than track the inflation rate.
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Old 01-03-2019, 05:24 AM
 
66,790 posts, read 67,836,479 times
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While it may be true for some starting out , that they may have limited resources and may not have the choice to rent and invest it would not be true later on in life for many ..

Many do eventually have lumps sums and choices they could make .. I had no choices either starting out .

About 30- 40% of resi sales are cash so plenty of people do have choices in what their options are especially later in life .

Forgetting about even manhattan real estate as an investment , just an s&p 500 fund over the 30 years I have been an investor would have seen enough growth to actually subtract out 30+years of rent and taxes and pretty much buy 2 homes like we owned back in the late 1980’s .

So the potential can be there to rent and do well . Nothing is ever guaranteed in either case to be a better choice

Last edited by mathjak107; 01-03-2019 at 05:37 AM..
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Old 01-03-2019, 10:52 AM
 
10,658 posts, read 6,843,855 times
Reputation: 11264
Quote:
Originally Posted by 2bindenver View Post
Real estate is local. Denver will not follow national norms. 80,000 people move to Colorado last year.
Yeah, they can't make 360 million predictions for each American so it's general.
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