Recession and DMV home prices

[Anonymous]

How is the anticipated recession next year going to impact the home prices in this area?

[Anonymous]

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

Not much directly. If the recession causes Trump to be elected, then I suppose a bunch of people leaving the Biden WH will list their houses, so maybe inventory gets better, which puts some downward pressure on prices. It's also possible that the fed cuts interest rates, which helps affordability.

[Anonymous]

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I know the answer.

I know the answer, thus, I’ve adjusted my financial position to return maximum monetary gains to exploit the anticipated “impact”.

Why should I tell you? I did the work. I know the answer.

I make no apologies. This is simply a case of finance and capitalism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I know the answer.

I know the answer, thus, I’ve adjusted my financial position to return maximum monetary gains to exploit the anticipated “impact”.

Why should I tell you? I did the work. I know the answer.

I make no apologies. This is simply a case of finance and capitalism.

Sure, Jan.

No one knows the “answer” that’s right for everyone, but also no one “knows” there’s going to be a recession. There are a lot of factors currently propping up home prices other than the overall economy. They could stay level, they could decline slowly, or they could plunge or continue to increase (I find the latter two less likely, but we don’t really know.)

Also if you’re “returning maximum monetary gains” you’re also subject to risk, which means if you’re wrong you lose big time.

OP just do the normal. Save your money, watch prices/interest rates, know what you can afford, and when you find something you like that fits within your budget, go for it.

[Anonymous]

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

OP I assume you do know that people have been claiming that a recession was coming the past three years. There was probably a stronger case that it would have already happened this year than there is one for next year. This area's home prices tend to be resilient over a 5 to 10 year period. I would not expect any meaningful drop in home values next year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

Not much directly. If the recession causes Trump to be elected, then I suppose a bunch of people leaving the Biden WH will list their houses, so maybe inventory gets better, which puts some downward pressure on prices. It's also possible that the fed cuts interest rates, which helps affordability.

and you really think a few homes for WH appointees on sale will have an impact? Literally a drop in the ocean.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I know the answer.

I know the answer, thus, I’ve adjusted my financial position to return maximum monetary gains to exploit the anticipated “impact”.

Why should I tell you? I did the work. I know the answer.

I make no apologies. This is simply a case of finance and capitalism.

Sure, Jan.

No one knows the “answer” that’s right for everyone, but also no one “knows” there’s going to be a recession.

Yeah that was the point of my post. Nobody who has any insight of consequence concerning markets would be here on DCUM responding to the "predict the market" inquiries. They are equivalent to asking "DCUM... where are my car keys"? You will get the same quality of insight.


"predict the market" needs a sticky.

[Anonymous]

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I’ve been hearing about this recession for at least 2 years. Is it actually coming next year?

[Anonymous]

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I'd just be careful in your real estate choices (extra careful) because we are in uncharted waters - much higher interest rates than the recent norm, yet higher or at least not really falling prices. Buy wisely.

Also, note wall street buyers have stopped mass buying. That's a major sign to me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

I know the answer.

I know the answer, thus, I’ve adjusted my financial position to return maximum monetary gains to exploit the anticipated “impact”.

Why should I tell you? I did the work. I know the answer.

I make no apologies. This is simply a case of finance and capitalism.

Sure, Jan.

No one knows the “answer” that’s right for everyone, but also no one “knows” there’s going to be a recession.

Yeah that was the point of my post. Nobody who has any insight of consequence concerning markets would be here on DCUM responding to the "predict the market" inquiries. They are equivalent to asking "DCUM... where are my car keys"? You will get the same quality of insight.


"predict the market" needs a sticky.

Someone was asking us to help them find their shoes this week.

It won’t get a sticky.

You should have posted your second response instead of your first. -NP

[Anonymous]

Let's say a recession hits and prices or interest rates drop. Don't you think tons of people would snatch up homes at any discount?

People hoping for lower interest rates seem to forget that this would cause prices to rise.

The only thing that would really make a dent is massive foreclosures leading to much greater housing supply.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

Not much directly. If the recession causes Trump to be elected, then I suppose a bunch of people leaving the Biden WH will list their houses, so maybe inventory gets better, which puts some downward pressure on prices. It's also possible that the fed cuts interest rates, which helps affordability.

and you really think a few homes for WH appointees on sale will have an impact? Literally a drop in the ocean.

Also, people come to town when the admin change, but they don't leave. They just find new jobs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is the anticipated recession next year going to impact the home prices in this area?

Not much directly. If the recession causes Trump to be elected, then I suppose a bunch of people leaving the Biden WH will list their houses, so maybe inventory gets better, which puts some downward pressure on prices. It's also possible that the fed cuts interest rates, which helps affordability.

and you really think a few homes for WH appointees on sale will have an impact? Literally a drop in the ocean.

And not many of these people actually move.

[Anonymous]

People have been predicting a recession for a long time.

[Anonymous]

They aren't building more SFH close in. Condos may drop but its all supply and demand. Supply is very limited in desirable places and those with sub %3 rates can weather a job loss much longer than those with %6 + rates.