[millenial4freedom]

Headfake or is the housing recession really over?

[bak3r]

“homeowners find little incentive to sell”
How many homeowners sell and go on to NOT buy or rent a home?

[Regulator]

Hard to pull people out of 3% mortgages for a 6% mortgage...thus a shortage of resale homes

[NohSpinZone]

I think it’s a reflection of the fact that demand still outstrips supply in many areas (unlike the 2008-2009 housing meltdown where you practically couldn’t give houses away). Here in the Bay Area, one of the factors for the lack of supply is that homeowners who would normally look to sell and buy due to lifestyle changes or other reasons have little to no incentive to do so if they are locked into a nice mortgage rate like we are (2.75%).

[Theoria]

Buyers are hedge funds, soverignn wealth funds, wealthy foreigners, wealthy individuals, etc. The us housing market is a vast place that allows easy transactions compared to other places around the world. Fleeing individuals find it a options to park money. This is another reason why gen x, y, z, are competing against such buyers, and find it difficult to locate homes in a affordable price.

[FrankRizzo890]

Well, this is NICE and all, but who’s going to finance the construction? Construction loans have absolutely dried up. Even for established builders.

[rfp1234]

All the wealthy refugees from Taiwan will soon flood the market.