Chance the Gardener: Yes! There will be growth in the spring!President: Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time.
Posted on 03/04/2025 1:04:56 PM PST by millenial4freedom
Treasury Secretary Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts., and sees potential for inflation to return to the Federal Reserve’s 2% target “quickly.” “We’re still living through this Bidenflation” for now, Bessent said Friday in an interview with Bloomberg Television’s David Westin, referring to the Trump administration’s contention that former President Joe Biden drove up consumer prices with his economic policies. “Over the next six to 12 months, as we deregulate, drill more American energy” and bring certainty to extending the 2017 tax cuts, “we could very quickly go back to the Federal Reserve target of 2%,” Bessent said. The Treasury chief spoke hours after the Fed’s preferred inflation gauge showed a 2.6% year-on-year gain for January. The so-called core personal consumption expenditures price index, which excludes food and energy items, rose 0.3% from December, the most in three months.
(Excerpt) Read more at ocregister.com ...
there’s a lot of one million dollar mansions in Washington DC that have just gone on the market for a 40% discount.
The Mortgage rates need to be cut in half so people can afford to buy a home
Mortgage rates are dropping, so more people may sell plus spring is almost here - selling season
Chance the Gardener: Yes! There will be growth in the spring!President: Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time.
Flood the market with cheap rents and get the slumlords to reverse the rent hikes that they did in 2021-2023!! Bastids forced me to move and I got a house for cheaper then their rent was.
Not a chance, inflation would explode. The price of housing would quickly increase and the end result would be a minus.
Actions are stronger than words...
I am of the opinion that corporations should not be allowed to own single-owner homes. That one change would open a substantial number of homes to the market.
A number of financial institutions are in the pro of offering 40 ( that’s forty) year mortgages!
Rent is still insanely high, though. There is a real bubble there. Let’s hope we don’t hit a patch of high unemployment that bursts it.
It’s not just corporations. Many folks think they are a mogul like President Trump and are running a RE side hustle in my neck of Florida. Both homes beside my abode are now rentals. One corporation and one “investor”. Sooner or later we are going to have a recession and I have serious doubts these rents will sustain. Then what?
Fjb housing of illegals about to open up;-)
Good plan.
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