CNBC’s Diana Olick joins ‘The Exchange’ to report on the latest developments in the housing market. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBCTV
source
SHORT SELLERS WILL LOOSE LOTS LOTS OF $$! Retail investors believe market will keep going down. They SELL & start SHORTING STOCKS, Smart money will SQUEEZE those brainless, get their $$. THE NEWS NOW IS NEWSLESS!
Good hopefully all these speculators lose a ton of money.
I'm new to trading. How can I make more profitable investment in crypto without incurring much losses?
Them shooters SHOULD plan too enter WHERE you BANDITS are
❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine sleepfriendd.Online Brünette und eine andere Blondine. Es wäre unfair, wennw ich 4 wählen würde
I think the market is over bought and once an adult will step into the room I mean Federal reserve chairman Mr. Jerome Powell he is going to ruin the party by raising rates to stop inflation. So before he walks in my trade is selling way out of the money short calls spreads for SPY strike price 399short calls and 403 long calls expiration date 7/27/22
“You can only find out what you actually believe (rather than what you think you believe) by watching how you act. You simply don’t know what you believe, before that. You are too complex to understand yourself.”
― Jordan B. Peterson, 12 Rules for Life: An Antidote to Chaos
Loaded up on calls on DRV and SQQQ
There are less buyer because the prices are rediculous. Even with mortgage rate at 0% there will be no buyers with these prices. Everything is 100% more expensive compared to 2020.
Market is finally allowed to respond to this fiasco the Fed teed up. Rents are going up, home prices are at an all time high. People will be forced to rent! Thus, the smart builders would pivot to multi-family because that's what people need and that's how they can be competitive. More multi-family, more rent moderation, lower rents, more accessible demand for multi-family, balanced market. Lets move forward and hope the Fed stays out of it this time.
In some areas new homes are cheaper than existing ones. If the most desirable parts of the city are 100% built out or if owners have so much invested they can't sell for less new homes might be your only choice. They are also a better value. You don't get a warranty will used houses and they can turn into a money pit if you are unlucky. I build a new home in 2018 not just for those reasons but it was also aesthetics. Those older homes were mostly 90s McMansions with really awkward styling. Some of the new homes have a discernible style and all brick and stone exterior (no cement board). Plus it's new so already wired with Ethernet instead of old phone jacks and cable outlets. New homes are just a better deal even if they do cost more.
DIANA OLICK 😍🥵🔥
Of course housing market sucks! It's the Joe Biden economy
🗣📢 GOOD NEWS!
Racist, anti semitic Ilhan Omar is among 16 lawmakers arrested at protest outside Supreme Court!
A victory for babies!
🇮🇱 Long Live Zion ✡
Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Michael Christensen got me cover as I am comfortably making 3.1B T C monthly.
To be followed by a sharp uptick in the unemployment rate as contractors cancel housing project built for speculation and begin to lay off workers.
The question to ask is how this is will effect investors and pools of investors that have been purchasing housing to hold for the short term because of the high rents achievable. By doing so investor pools have been able to maintain a shortage of housing for those buying for home occupation and at the same time maintaining high rent levels as they exercise control over a lot of new rental units.
What we are seeing is the froth leaving the marketplace. In my opinion, if we see rental rates decline then these investor pools will be under pressure to liquidate and more housing will stream back onto the market ie shadow inventory. As investor pools are unlikely to buy in declining markets – instead they sell.
The key indicators to follow are the unemployment and vacancy rates. If you expect home prices to decline and are selling your principle home and intend to buy another in the same market you can short the market. By accepting an offer today on your home with a long closing date. In that way you get your best price today and will be able to purchase at a lower price a few months from now.
Over to you Ozzie.
If you ladies had been around as long as me, you'd know your analysis of; "why", is wrong. I spent my career, 27 year Contract Plumbing construction, living, working these cycles all over the midwest north and south too the Pacific.
Who in there right mind wants too fool themselves into believing they can pay an outrageous mortgage for 15 to 30 years knowing fairwell the bipolar economics of Wall Street control will most likely cause you too lose both your job and be foreclosed on. WHO?
Changes of the next big thing or widget, make educational career choice an obsolete waste. We know who's making the Lions share and who's waiting too eat there own.
You wish it was cooling down just like 2007.
Hooraaay!!! New construction is slowing, so prices stay unaffordable forever!!! Thanks corporate investors 👍👍👍👍
Lower the prices for houses and they will sale.
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years
Thanks for all you do. Here's my problem, i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market…
Can anyone help me out or at least advise me on what to do?
From the look of things, cash is thrash. Rising inflation hitting every part of the world so hard, the crypt0 currency market is in shambles, Real Estate investment is too volatile too. As someone who has tried so many things including real estate and stock trading among some other things, I still maintain that stock trading remains one of the best and surprising easy ways to hold/double your money.
Here is good leading indicator of current market conditions from South Denver. Opendoor bought this home 11960 S Allerton Circle, Parker, CO 80138 for $742,400 built in 2013 that sold originally for $332,000. They originally listed it at $835,000 on March 3 2022 hoping for a quick $100k profit. Now they have it listed at $708,000 almost $40k below what they bought it for. What does it mean if the "professional real estate companies" are listing a home purchased just a few months ago below their purchase price in a good location by $40k and $130,000 and counting below what they expected to sell it for. Are a lot of recent sales already under water? You have to ask is a home worth more than it was in 2019 just 24 months later given the Fed is no longer juicing the market. Why would anyone take a risk to purchase a home today. The answer, because they knew they could sell their current home for 30% or more than 2019 pricing. That gig is over.
I love it. Years of high demand and homebuilders weren't building and even trying to keep up with demand. Now that demand is slowing they say screw it and start cancelling project, almost like artificial scarcity on purpose to me. Have to keep those margins high I guess
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities