Tony Lewis, Summit Real Estate Santa Clarita & Aliso Viejo (Summit Real Estate Group)

Spam prevention
Ambassador
3,057,448
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am not. I do not look for or expect gloom and doom.  

Whatever the future brings ... whatever will be, will be.

Que Sera Sera 

Aug 15, 2021 01:55 PM
Ambassador
4,258,556
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

With stricter lending practices than we had prior to 2008 and buyers able to pay those higher prices, we are in a totally different financial climate than we were in 2008. 

I don't expect a 'crash' at all but, I do feel strongly that rates need to increase to get us moving towards a more neutral market. Perhaps a correction but, certainly not a crash in my humble opinion.

Aug 15, 2021 08:47 PM
Rainmaker
1,387,478
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  There wasn't a crash during the pandemic, why would we have one now?

Aug 15, 2021 02:38 PM
Rainmaker
4,100,964
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I tend not to expect nor predict such things.  

Aug 15, 2021 01:41 PM
Ambassador
5,409,720
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt it since builders are not over building like they were the last time.

However if it does crash I am ready to start buying and fixing up foreclosures again.

Aug 16, 2021 12:16 AM
Rainmaker
911,136
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Stating that home prices are "inflated" implies that the prices are not sustainable. Tony Lewis, It implies that there is something amiss with current real estate valuations. Yet, buyers are willing to pay the prices for homes that they desire and which they expect will continue to increase in value for the term of their ownership.

Real estate cycles for a buyer's market, seller's market' and level market come and go. We have been is a seller's market for a unusually long time. It is time for a correction? Maybe. What will cause a correction? Inflation? Higher mortgage rates? Lack of desire on the behalf of buyers to pay for more expensive houses on an ongoing basis? What???

Crash? No, I do not think so. A market correction is not a crash.

Aug 15, 2021 03:28 PM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have no idea, Tony.  I know one of my first time home buyers has decided to wait. 

Aug 15, 2021 02:06 PM
Rainmaker
884,233
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

No, we are more into a normal seasonal slowdown right now.  Buyer remorse might kick in but the market will slowdown, level off but no crash unless job market tanks.

Aug 16, 2021 05:54 AM
Rainmaker
701,882
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Not expecting a crash, however I don't think we will see the increases we have been seeing. Probably a 1-3% increase in the coming years.

Aug 15, 2021 05:32 PM
Rainmaker
5,589,217
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony,

I expect the best every single day!  Opinions are just that--opinions.  A family member predicted  that the Internet was nothing but a fad...

When Elon Musk was asked what question would you ask an alien?  His answer was: What's beyond simulation?  Now I am wondering if our friend Brian England heard that?  

Aug 15, 2021 03:46 PM
Rainer
155,021
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ

Tony Lewis Because I see most are acting irreationally, I really don't have any basis for forming a rational opinion on what will or won't happen in the near term.

But, I can't believe the wild spending of the government combined with the instability of our general economy is supportive of long-lasting economic expansion.

So, unless thing change to a more moderate level we reasonably have to anticipate a significant negative reflex.

That said, those of us who succeexed through 2008-2011 will likely survive.

Aug 15, 2021 02:32 PM
Rainmaker
4,941,301
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I don't see it crashing, but know it needs to slow down.

Aug 16, 2021 06:38 AM
Rainmaker
4,211,670
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Prices may level a bit but no crash in the offing.

Aug 16, 2021 04:01 AM
Rainmaker
2,079,692
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

You and I don't make the market. You and I adjust our "sales" to adapt to whatever market. There is always always a market and how you and I operate in it shows what was learned in earlier ones. People gotta sell, want to buy and get a bigger share of whatever market than other agents in it wished you did. Don't listen to anyone at a water cooler conversation that says no market, don't bother going after listings that won't sell. Price listings correctly and do a better job with your marketing so they do. Bob Crane takes the right approach and will stay busy, be profitable no matter what the market. Have a healthy inventory for all the segments is the key. Listings are king.

Aug 16, 2021 03:06 AM
Rainmaker
4,119,428
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do not.

Aug 15, 2021 02:48 PM
Rainmaker
1,923,164
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do not. 

Aug 16, 2021 04:37 PM
Ambassador
1,377,465
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Here in Canada, we did not experience the big crash you did.  However, I've several clients now liquidating their rental properties because they are anticipating a crash and would rather have the cash in their accounts rather than tied up in property.  Many are holding onto only their principal residence. 

Aug 15, 2021 06:25 PM
Rainmaker
991,495
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I don't know when the next down cycle will happen but I do expect to see a "correction" when it does.

Aug 16, 2021 11:20 AM
Rainmaker
543,009
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I see no evidence to support thinking a "crash" is imminent. 

Aug 16, 2021 09:55 AM
Rainmaker
556,758
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Real estate will not crash due to lack of inventory with strong demand.  I do expect prices to level off and stop their dramatic rise. Low interest rates should continue as well.

Aug 16, 2021 09:23 AM
Rainmaker
762,212
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Crash? No.   This is an inventory issue.  I doubt we'll see a return to former price points given the establishment of the current valuations.  The frenzy will die down & bigger economic changes will add to the correction.  Some will label it a crash for dramatic effect.  Nothings lasts forever... a correction is on its way... at some point.  ;)

Aug 16, 2021 05:08 AM
Rainmaker
1,889,872
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

No

Aug 15, 2021 06:03 PM
Rainmaker
316,796
Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

We shall see! My concern at this point is the prolong on evictions and foreclosures and what would happen once they are lifted...

 

Aug 15, 2021 03:41 PM
Rainmaker
6,608,773
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Aug 15, 2021 03:00 PM
Ambassador
2,606,266
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

I do not have a crystal ball...🔮

Aug 16, 2021 10:50 AM
Rainmaker
2,641,962
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Real Estate cycles are no myth. They are like nature in that they finish their run to start another and another etc. This cycle is more natural as in willing buyer & seller with no acts of man or God aggressive dynamics. Builders are having to make decisions however as to build, hold or land-bank because of short supplies and governmental interference (eviction ban)? taffy-pulling against low interest rates and fear driven (insecurity) purchasing which promotes demand. People want a place to call home and will defend it now more than ever. How long will this go on? The expected downturn, if left to its own, will travel concurrently with the presidential term is one scenario...Another? Risky State, local & gov interventions

Aug 16, 2021 05:47 AM
Rainer
326,572
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Crash, hopefully not. Cooling down, yes. I think things will slow down a bit, but not a repeat of 2007-2010 or so.

Aug 15, 2021 10:07 PM
Rainmaker
889,027
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Not expecting but I also don't think that it matters.
Just as we learned 15 years ago, the agent business must be agile.
Today I do not see players like Bank of America corrupting the lending marketplace or other framework institutions creating an unstable economy.
But, I only takes one state player with expectional 'hacking' services to show the USA how vulnerbable we all are. The cashless socieity places ALL THEIR TRUST in the middleshere of unknown faces who will never be able to restore victims to wholeness. 
At this time that is the Achellies Heel I see in the USA banking system and economy.

Aug 16, 2021 05:11 AM
Rainmaker
1,231,757
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

There's no crash coming.

Aug 18, 2021 05:28 PM
Ambassador
2,571,097
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Nope.  I imagine that a lot of people will lose their jobs as the Economy continues its downward spiral, many people will be hurting.  But I don't foresee a "crash" or a huge drop in prices.

Aug 17, 2021 06:30 PM
Rainer
317,850
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I have been waiting for the Great and Powerful Oz to answer that question for a long time. I'm no good at timing markets. 

Aug 16, 2021 05:07 PM
Ambassador
972,493
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MT, NC, NJ, NV, OK, OR, PA, SC, TN, TX, UT, VA, WV - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Bubbles cause crashes.  Supply & demand economics do not.  We're seeing short supply, high demand, and logistically-challenged industries (trucking, building, supply chain, etc) keeping supply lower than it should be.  No crash ahead.

Aug 16, 2021 11:10 AM
Rainmaker
2,024,100
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Inflation is here to stay . The Government has created 11 Trillion Dollars backed by nothing . It has plans for yet another 4 Trillion ! These type of things fuel Inflation ( and create havoc on the Purchasing Power of our Dollar ). If a Buyer can settle a Property at 3.5 or less % , they could actually be in good shape over a decade of hyper inflation

Aug 18, 2021 02:00 PM
Rainmaker
377,089
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

If I was to guess, I would say that the market will flatten out and go sidewise or slightly up the next couple of years.  

Aug 17, 2021 10:48 AM
Rainmaker
1,153,825
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I imagine after the Covid moratorium there is a new surge of REO as many out of work people or landlords have not paid their mortgage on time.

I imagine if there are multiple market crashes, may be Silicon Valley modest homes will be still $1,000,000.00    Is current $4M dollars small homes in PA going to sustain forever?

Aug 16, 2021 10:39 PM
Ambassador
3,039,280
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

My crystal egg says.... be prepared for any shift, but don't expect anything because you'll likely be disappointed if you are wrong and out of business if you are saying that sort of thing to clients and then it doesn't come to pass.

Aug 16, 2021 01:22 PM
Rainer
272,575
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I anticipate continued price increases, higher rates and runaway inflation. (and yes my answer is political)

Aug 16, 2021 12:52 PM