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What did that bank study on the people who are not putting their homes on the market let's say in the through -- suddenly it's tight -- markets Miami and a lot of Silicon Valley and -- Is there issue that they're still not liquid -- this doughnut hole yet and they got to wait.
-- price appreciate all the more what's what's keeping them promoting their homes on the market.
Five biggest advice from -- I think some of the back could be an issue is sometimes -- the issue of greed like let me wait longer and like when I read it try to get as much as I can.
-- and but I think a really big issue.
Okay is tight credit.
I still inside it and lead -- isn't a little less time huh.
Compared to compared to what I think exactly intelligent exactly -- it -- -- I give it a hundred years war yet.
That is why you're not also that's one of the reasons you're not seeing the game the way you did because that credit is tight.
What you need to qualify today in the way your quest than they.
So many people really can't get the same got to credit and especially if you -- a business you know her yet as well you know I.
I don't know -- interpret and -- -- I see more ads from.
For mortgage lenders out.
Would -- a great sort of like I didn't see that even a few months ago.
-- it's it's true and the other thing that we can see is that -- made a lot more headway in commercial lending.
So when I look at.
Real estate investment trusts and since then publicly traded companies are going on getting financing for realistic and large commercial deals but it is you know let's have a lot more skin in the game got us.
Resolutely as a -- -- per individual buyers homebuyers.
Is the rule of -- these days.
I would try to I mean right now I mean I think -- -- have -- have excellent credit you've got to have some equity in that house and -- these days of thinking that you're -- acquire home.
And put down 1% 2% 3%.
If that's going to be what's regardless of -- percent.
But it wasn't 20/20 five -- fans and basically they're also looking at very high credit score as high candidates who are being over what high sevens unless you really glad to have go for a government -- way that you can get away with a left.
Credit score you know it ironic that with the government where the standard should be -- it's actually very low.
Even slow -- you know -- you know what's really doesn't make any -- And -- may.
However you also have to be careful about.
Your credit because.
Of the people's credit have mistakes on them because of the credit of the credit -- And adds a whole separate -- don't bug me -- on -- -- but Scott but I'm wondering is what if -- wrong on this what did this housing on to become back.
And even a slow it's steady one is wrong and and I think our -- telling the -- my guess during the break here that.
I think a lot of us base our value on what we think our home is -- -- it seems to be presenting we do better.
More so than Americans who might or might not that's not -- because many more of homes in that.
So I think this is a mood lifter or -- and what -- we got ahead of ourselves.
We may have -- but I think the new reality is that housing is back and I think that were wrong to the point -- -- calling it a bubble.
That's probably good because -- 07 people not real estate prices were never gonna go down against so I would actually.
Go against kind of the consensus here and say that housing is bad but.
We mentioned something earlier -- -- -- rising rates in my opinion yell.
Are probably going to be good for the housing market leader not gonna bring back the bank model as well as convince people that they got to get in there and -- before rates -- -- the -- in the same person.
That does it at higher rates are bad for the housing market is probably the same guy that says that Tim Tebow was a good NFL quarterback.
Well he was by the way to deliver jets drew that up and either way you just struck back at god so that's my -- but.
-- it was -- your take on.
This this this trend and and whether it's nationwide or city by city locale.
By -- New York as a super hot market always was always -- Florida -- used when that is coming back what we where is does this strengthen a bit.
Well I think you're always gonna have to look at the coasts you know I've got some clients -- -- clients all around the country.
They had a client in -- -- just trying to acquire house in Newport Beach he's competing against terrorism and those guys -- way to.
-- you know you -- beach Newport Beach and he's he's having to put in offers above market because he's got Chinese buyers communion with cash deals.
But no more the exception of the ruling -- Now we have the same thing here in new York at K we are actually.
Had to win that bid because you know there's no supply.
Aren't you residents totally differently don't mean I voted on computing offers from folks the pocono was.
I think I think the guys thank you both very very very much it's -- -- -- was well.
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