Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Marchiol: 5-10 Years for Housing Recovery

Details

  • Description

    Tanya Marchiol of Team Investments discusses the future of the housing market.

  • Duration 3:38
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- -- until about housing.

Home prices yes they are up but how much one of our favorite real estate people Tonya -- -- investments he's here with us today.

You brought us a couple of houses and we're gonna give -- prices and assault with a house that you brought -- in Sacramento.

In the year 2005.

This -- -- -- now was worth 467000.

Dollars correct yet.

In 2011.

It was down a 251000.

-- yes it just sold for how much.

275000.

Dollars so it went up almost 10% in one year in Sacramento investors are flooding that market as well.

They're seeing the value to act.

So don't you got 10% on your money in a one year period.

In the Sacramento California area and what's interesting about Sacramento is they're down to 17100 homes and inventory.

At their height they were 4300 -- some different and -- -- -- -- that.

-- -- the numbers second house Charlotte, North Carolina put it on the screen in the year 2007 this thing was was.

Only 299 looks very -- about a 299000.

Dollars in the year 2011 last year it was valued at 140 want.

It's on the contract flaw.

150000.

Dollars that's it that's it will look like them that ain't exactly -- but that's a 6% change that's still a positive movement at least we're not going -- and we're not staying stagnant.

So we're seeing these numbers come out.

You putting a smile at me is that I I would expect -- -- on -- the house -- sacrament of the house in -- -- currently was -- -- -- about.

Asks what they -- -- and -- six years ago.

But that means we're stabilizing.

-- and even know even though the housing numbers came out today in they were very positive the one thing that we have to remember is they're still a lot of people underwater.

So I read a statistic that nearly half.

Have everyone under the age of forty is still underwater that -- -- spectrum so that is.

You're incredibly I'm not under the age of 40% to real estate investments I have outside new York and Miami Beach in Las Vegas or both decidedly donor graft market so if you -- during the peak in Miami and Las Vegas -- -- Miami say coming back a little better because of foreigners not Americans in Fonda's house -- -- But half that -- if half the people on the forty all on the Warner.

That means that they can't sell my house and move without checking who's lost and then go to down payments and that restricts the number of -- coming into the marketplace well.

Here and -- out -- this into perspective for you.

A year ago there was fifteen point seven million homes underwater now there's fifteen point three million homes underwater.

What's happening is that little bit equity that's that's coming through the market.

Is pulling some people out of that position still -- in the right and China it would of resilience and seven more years ten years out of -- -- -- of five to ten might live to generate your lawn and a lot yes.

So got allison's let's face you know let's take on housing Charlotte that -- 3000007.

You know think -- get back to 300000.

Until -- 2019.

Of them.

Yes and if ever right well that I ever that we will stabilize and we'll never see in our -- text.

The great peaks are great valleys that we think we'll see the box really as a normal depends in my time as this with you won't be able to give -- -- money invested realistic to watch it go well.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --

Load More