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Rainmaker
3,363,358
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I don't think about predictions.  In real estate or otherwise. 

Oct 08, 2019 01:29 PM
Rainmaker
1,622,451
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I think politics are going to cause the next big change. I don't know if it will be good or bad but I'm sure that no matter who wins that things will change Peter Mohylsky 

Oct 08, 2019 01:30 PM
Rainmaker
3,021,935
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Funny you mention Mortgage modification defaults, because I work this market heavily. The majority of foreclosures i am working are all ones that got modifications and ore forebearance and are not back in foreclosure. But the pace is slow and steady. They do have limits for monthly and quarterly on losses that slow them down. Start of 4th quarter means lots of new listings for me. BUT it wont affect the market. Polictics may affect it more and that is an all out assault by the media to bring upon a slow down. 

Oct 08, 2019 05:15 PM
Rainmaker
538,614
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Someone is always preaching "doom and gloom" for some reason...I don't listen to any of it.

Eve

Oct 08, 2019 03:35 PM
Rainmaker
1,247,742
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't think student debt will have an impact.  The return of the risky loans may have an impact.  For my market, it's the governor who can have the biggest impact by passing laws that hurt homeowners and California in general.

Oct 08, 2019 02:50 PM
Rainmaker
558,739
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I'd imagine Student debt can be a big problem in saving for a home with the high cost of tuition for today's students. My guess of what would effect the real estate market more over the long-term would be rising interest rates or rising home prices. Neither of which are an issue where I'm at right now.

Oct 08, 2019 03:17 PM
Rainmaker
5,041,177
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

student loans are a killer..... and the starting pay is enough to make the payment for loan and buy gas for the  used car...  mommy and daddy are providing the roof....

Oct 08, 2019 01:45 PM
Rainmaker
722,755
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Political climate.

Oct 08, 2019 01:34 PM
Ambassador
4,271,138
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Neither of these, our expectations will have a greater effect.

Oct 08, 2019 02:58 PM
Ambassador
2,225,295
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

What Bob "RealMan" Timm and Candice A. Donofrio said.

Oct 08, 2019 01:43 PM
Rainmaker
2,464,739
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

neither will affect the market directly. What we have for the first time in decades is a market that will self-correct and adjust without any acts of God or man to cause and effect it. It is all consumer driven activity

Oct 08, 2019 07:41 PM
Rainmaker
1,554,252
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

I'm working with multiple buyers with huge debt right now. They don't seem to be bothered about it at all. I probably would be.

Oct 08, 2019 04:35 PM
Rainmaker
4,492,654
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I am not big on letting predictions affect my life or my pocketbook.  

A

Oct 08, 2019 02:05 PM
Rainmaker
573,517
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

The mortgage modification in Canada has slowed our market.

Oct 08, 2019 01:50 PM
Rainmaker
409,007
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Right now it is student debt.  This is keeping people from entering the housing market.

Oct 08, 2019 01:28 PM
Rainmaker
3,135,529
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't think either one will do it. I suspet it will be something no one is really thinking about right now.

Oct 08, 2019 10:31 PM
Ambassador
4,014,586
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I have no idea...time will tell as other factors could have an impact!

Oct 08, 2019 08:19 PM
Rainmaker
2,807,127
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Peter Mohylsky probably, combination of all.

Oct 08, 2019 03:53 PM
Rainmaker
1,604,109
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I really don't know. 

Oct 08, 2019 03:14 PM
Rainmaker
1,168,684
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

No fore-national buyers.

Oct 08, 2019 02:54 PM
Ambassador
1,645,000
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

One

Oct 08, 2019 02:44 PM
Rainer
140,475
Harjeet Bhatti
MB Financial Bank - Schaumburg, IL
Home Mortgage Consultant 44 States

Student loan unless there is any relief for students. 

Oct 08, 2019 01:51 PM
Rainmaker
5,428,136
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Think about ways to overcome the challenges.

Oct 08, 2019 01:38 PM
Rainmaker
809,025
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

It might not be exclusive.

Oct 08, 2019 01:21 PM
Rainmaker
2,800,501
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I am with Bob "RealMan" Timm and Ryan Huggins - Thousand Oaks, CA - I live in California - the land of Oz.  I do not believe student debt will have an impact.

Oct 09, 2019 09:25 AM
Rainmaker
348,414
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Boston, MA
YOUR SendOutCard Mentor

Student Debt....further, I always notice price appreciation vs income ... it is way out of normalcy and a recession is coming soon ... due to the slowing of income and the rise of rents and ownership costs.

Oct 09, 2019 05:59 AM
Rainmaker
628,230
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

I think in both cases, many entered into these loans not realizing how they would affect their future. I've had a couple people sell their home not realizing what their payoff would be with a modification. I had one lady who would have had to come to the table with money if she sold her home that was in desperate need of repairs. She is in a growing area so decided to hold on to it until it could be converted to commercial. 

As for student loans, the interest they charge seems like a crime. It takes years for those kids to get the principle down. Unfortunately, some of these kids didn't come out of college with a marketable degree and are working jobs that don't require a degree and not making enough to pay their loans and save for a mortgage. This is probably one reason there are so many investors buying homes right now. We have kids who will be or have been renters for much of their lives. I feel like someone has done them a dis-service. 

In time, the government will intervene in both situations. With the housing market being so good it may be later than sooner.

Oct 09, 2019 05:25 AM
Rainmaker
632,008
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Neither.....

Real Estate is always the same but ever changing 

what goes up must come down and what goes down comes back up 

Just deal with each transaction as they come and make it work! 

 

Oct 09, 2019 12:32 AM
Rainmaker
3,305,596
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sad when people borrow money and then don't repay it. Some succeed and others do not. Life goes on!

Oct 10, 2019 04:09 AM
Rainmaker
690,631
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

You are looking at two different issues.

Student debt makes it difficult or impossible to buy. That will remove some of the demand for the market.

Default of any kind will be by those who are not potential buyers. 

Oct 09, 2019 12:15 PM
Rainmaker
1,313,858
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

My crystal ball days are over. Now I just roll with the punches :)

Oct 09, 2019 07:50 AM
Rainmaker
1,544,300
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Well according to Core Logic, mortgage mods are doing great. In fact there was mention that it's time for the mortgage mods to refi if that is possible because of the newer rates. Will that happen?

Who's in charge of re-starting all that mess.

Oct 09, 2019 07:20 AM
Rainmaker
768,493
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

1. The continued reduction in value. The shrinking middle class will see their spending power compromised by those who are not held hostage they the rules/laws the pass.

2. Debt- One health-care incident can make a household insolvent.

3. Shutting off the power grid in California. I don't know whether to celebrate or be distressed. I do know as a result California will be exporting more nuts and flakes to bring catastrophe to those who allow them in.  Hmm, I wonder if THAT will be showing up in owner disclosure docs.

Oct 09, 2019 05:02 AM
Ambassador
3,356,960
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

#1 - Election year downturns are normal

#2 - I think we will continue to see student debt be an issue

#3 - Possibly mortgage mod defaults - haven't seen that in my area yet though.

Oct 13, 2019 11:34 AM
Rainmaker
546,272
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

I don't think Student Debt change the market one ioata since they have already been figured in.  Mortgage Defaults alway affect the market.  Wall Street is quite a factor.

Oct 10, 2019 04:36 PM
Rainmaker
3,205,367
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

probably 2 but my 8 ball may say something else soon.

 

Oct 10, 2019 09:41 AM
Rainmaker
1,549,535
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Add #3: The projected monthly nut is beyond the salary level for the prospective buyers to qualify

Oct 10, 2019 08:14 AM
Rainmaker
4,108,730
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Different events will affect different buyers/sellers.

Oct 20, 2019 07:54 AM