forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
08:30USDContinuing Jobless Claims(Oct 20)1.818M-1.8M1.783M
08:30USDInitial Jobless Claims(Oct 27)217K1.15210K212K
08:30USDInitial Jobless Claims 4-week average(Oct 27)210K--208K
08:30USDNonfarm Productivity(Q3) PREL 4.7% -4.2%3.5%
08:30USDUnit Labor Costs(Q3) PREL -0.8% -1.200.7%2.2%
Interesting…
jobless claims up
non-farm productivity up
labor costs down
I don’t think we see any rate hikes this year..
 
SpikeUM said:
Where? From everything I have seen (mostly SOUTHEAST) occupancy and rates are still very strong. Only location that I have seen recent weakness is Atlanta, due to over construction.
Click to expand...

Apartment List National Rent Report

Apartment List publishes monthly rent reports to examine key trends in cities and states across the nation. How have rents in your city changed recently?
www.apartmentlist.com www.apartmentlist.com

Still trending lower.
 
TheEye said:

Apartment List National Rent Report

Apartment List publishes monthly rent reports to examine key trends in cities and states across the nation. How have rents in your city changed recently?
www.apartmentlist.com www.apartmentlist.com

Still trending lower.
Click to expand...

Thats national, and I am referring to the Sun Belt, although the rate of increases has fallen for sure and some cities in the sun belt are overbuilt (Atlanta e.g.). South Florida rents as an example, are still torrid.
 
Advertisement
SpikeUM said:
Thats national, and I am referring to the Sun Belt, although the rate of increases has fallen for sure and some cities in the sun belt are overbuilt (Atlanta e.g.). South Florida rents as an example, are still torrid.
Click to expand...
Even on a national level we are talking a 1.2% drop so…still torrid.
 
More apartments will drive rent down some and could drive home buying demand down as the cost of rent drops compared to home ownership.
 
Advertisement
90scane said:
personally, buying now isn’t a bad thing. My first home was in 2003 or 2004. Rates were 6.75-7%.
Click to expand...
It’s not so much the rates the homes aren’t worth it in my eyes. Can build new for what these old outdated homes are asking.

I sold my house pandemic before it sky rocketed.. I’m not paying taxes on a home for 800k+ that isn’t worth it let alone a 5-6k mortgage. Most homes that were 5-600k are now 900k-1.2million where I am in Martin county.
 
Canefan4life said:
It’s not so much the rates the homes aren’t worth it in my eyes. Can build new for what these old outdated homes are asking.

I sold my house pandemic before it sky rocketed.. I’m not paying taxes on a home for 800k+ that isn’t worth it let alone a 5-6k mortgage. Most homes that were 5-600k are now 900k-1.2million where I am in Martin county.
Click to expand...

home prices don’t normally fall and I wouldn’t expect them to fall with the lack of supply. Thus, I would build new. In fact, I’m in the process myself
 
Canefan4life said:
It’s not so much the rates the homes aren’t worth it in my eyes. Can build new for what these old outdated homes are asking.

I sold my house pandemic before it sky rocketed.. I’m not paying taxes on a home for 800k+ that isn’t worth it let alone a 5-6k mortgage. Most homes that were 5-600k are now 900k-1.2million where I am in Martin county.
Click to expand...
Yet a new home will sell for a lot more money than that old house that you already say is too expensive. That’s just what others are willing to pay.
 
Advertisement
Canefan4life said:
It’s not so much the rates the homes aren’t worth it in my eyes. Can build new for what these old outdated homes are asking.

I sold my house pandemic before it sky rocketed.. I’m not paying taxes on a home for 800k+ that isn’t worth it let alone a 5-6k mortgage. Most homes that were 5-600k are now 900k-1.2million where I am in Martin county.
Click to expand...
Martin used to be a hidden gem. Not anymore.
 
SpikeUM said:
Thats national, and I am referring to the Sun Belt, although the rate of increases has fallen for sure and some cities in the sun belt are overbuilt (Atlanta e.g.). South Florida rents as an example, are still torrid.
Click to expand...

Down $49 a month from last year. Certainly not an increase.

Average Rent in Miami, FL & Rent Price Trends

Considering a move to Miami, FL? Discover the average rent in Miami, FL, check out our rental statistics & rent trends, and compare Miami, FL rents by neighborhood.
www.apartmentlist.com www.apartmentlist.com

Miami down 0.8% from last month. I suspect the trend continues.
 
Last edited:
Canefan4life said:
I can only pray, I’m tired of waiting to buy a house but not foolish enough to buy right now.
Click to expand...
Same here. But it is true not only concerning buying houses but also buying any other sort of assets like, say, stocks. I still believe that we are going to witness recession and s&p500 will go down to 3500 or even lower.
 
Advertisement
Advertisement
Back
Top