[foundapeanut]

Have a feeling home pricing will be a roller coaster ride forever in Vegas.

[tridentsx]

Originally Posted by Cold Warrior

Inflation peaked at 12% in the late 70's to early 80's. I remember some mortgages being written at 17%. Do you see the problem now?

What are those properties valued at now ? and what price were they bought at ? The middle class is not loaded with cash that looses value at inflation, the middle class is loaded with debt that will diminish by inflation. The people loaded with cash are not suffering to start with.

[logline]

Originally Posted by tridentsx

What are those properties valued at now ? and what price were they bought at ? The middle class is not loaded with cash that looses value at inflation, the middle class is loaded with debt that will diminish by inflation. The people loaded with cash are not suffering to start with.

Wow! The way you describe it, who knew inflation was such a good thing for America?

Debt still needs to be paid off... with or without inflated dollars.

[robojester]

And much of the debt has variable interest rates....

Yes and in my life time I have watched the culture go from save and make america strong to SPEND it's the right thing to do whether you have the money or not

They used to encourage you to save and buy bonds, not anymore got to prop up that dollar somehow.

I think as house prices flatten out some of the investors will get out. Not all of them want to hold properties as landlords some were only in it for the "quick" return. Most had no idea how much trouble being a landlord can be

If the rates move much a LOT of people will not be able to continue to service their debt......

[ddrhazy]

Maybe the larger hedge funds are exiting the real estate market but the investors that only own a couple of properties are taking their place.

https://www.bloomberg.com/news/artic...housing-market

[robojester]

I don't think they are leaving yet, mainly wishful thinking on my part.

I am far more concerned by some of the disappearing industries here like retail and valet.

Of course looking to buy cheap means what bad for the housing market is good for me.

Kind of makes me feel like the Grinch or a Don't better

I'm no hater just a big dip in the market will do

[ddrhazy]

I think the market is healthy right now. I don't think it's good to have double digit appreciation year after year, that's not sustainable. Vegas has not yet hit the values we saw in 2006 and I think we are going to get there by around 2022. If you're waiting for prices to come down, probably not going to happen but who knows. Our distressed inventory is less than 9% and that's going to continue to drop.

[robojester]

Maybe a little bump in interest rates

[Mzxl]

Originally Posted by ddrhazy

I think the market is healthy right now. I don't think it's good to have double digit appreciation year after year, that's not sustainable. Vegas has not yet hit the values we saw in 2006 and I think we are going to get there by around 2022. If you're waiting for prices to come down, probably not going to happen but who knows. Our distressed inventory is less than 9% and that's going to continue to drop.

Healthy? You must be out of your mind. I wonder if you Real Estate Agents with few weeks of training even know what healthy market is?
Do you people even have any idea what your industry and your lobby has done to this country? As we have all witnessed by now inflating financial markets and real estate doesn't equal to real economic growth.

And why would anyone want to go back to 2006 prices? Americans can't afford to buy those inflated homes already.

This just got reported today;
Mon Feb 27, 2017 | 10:03 AM EST
U.S. pending home sales fall to lowest level in a year

Against expectations of a 0.6% rise, pending home sales in January plunged 2.8% MoM - the biggest drop since May.
The West - the most expensive region - saw the biggest decline, down 10.3% MoM with The Midwest also tumbling 5.2% MoM.

As mortgage rates have soared since the election (and mortgage applications tumbled), affordability has become a major issue according to NAR with pending home sales at the lowest in a year.

[Cold Warrior]

Americans can't afford to buy those inflated homes already.

If that were true the prices would be lower.