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The Housing Market Is Not Looking Good For Buyers · The Cubby and Christine Morning Show

• 0:00
  Speaker 1: Oh, the housing market. It hasn't changed, right, It's still.
• 0:04
  Speaker 2: It was supposed to have been, but not in this area.
• 0:07
  Speaker 1: Now it's one of six point seven LIGHTFM Cubby Christine
• 0:10
  Speaker 1: and producer Kristen. And if we're not on lightfm dot com,
• 0:13
  Speaker 1: we're on.
• 0:13
  Speaker 2: Zillow pretty much.
• 0:14
  Speaker 1: Yeah. We love to look around, shop and.
• 0:17
  Speaker 2: Very obsessed with the housing market, always have been.
• 0:19
  Speaker 1: You're telling me people you're reading an article. People are
• 0:21
  Speaker 1: like not.
• 0:21
  Speaker 2: Moving, They're hunkering down down. Yeah. So American home owners
• 0:25
  Speaker 2: are staying in their homes longer than ever before. Like
• 0:29
  Speaker 2: we're setting records. In the year two thousand, we stayed
• 0:32
  Speaker 2: in a home and average of four point two years,
• 0:35
  Speaker 2: and now it is eight point six years.
• 0:37
  Speaker 1: Wow, yeah, that makes sense.
• 0:39
  Speaker 2: So doubles. And then I just know, you know, working
• 0:42
  Speaker 2: with realtors as I had been for a couple of
• 0:44
  Speaker 2: years trying to find a place, they were telling me
• 0:47
  Speaker 2: the natural progression has changed, Like at a certain point,
• 0:51
  Speaker 2: boomers were supposed to move on and look for places
• 0:53
  Speaker 2: in the south and yeah, and keep it moving, right,
• 0:56
  Speaker 2: And it wasn't happening because the prices are so high.
• 0:59
  Speaker 2: They had we had better interest rates in years past
• 1:02
  Speaker 2: and people don't want to let go of that. So
• 1:05
  Speaker 2: it's just the houses aren't turning over. And also airbnbs
• 1:08
  Speaker 2: are a big factor.
• 1:10
  Speaker 1: Oh, people are buying up property just to turn that
• 1:13
  Speaker 1: into an income source.
• 1:14
  Speaker 2: And that could be somebody's home, and that could be
• 1:15
  Speaker 2: somebody's home. So yeah, so there's a lot we're kind
• 1:18
  Speaker 2: of stifled right now.
• 1:19
  Speaker 1: And I'm hearing stories. You know, my wife and I
• 1:21
  Speaker 1: we have some friends that you know, their kids play
• 1:25
  Speaker 1: with our kids, and they talk about how they're like
• 1:27
  Speaker 1: going to open house every now and then and having
• 1:29
  Speaker 1: like forty people in line. It's still like that you
• 1:32
  Speaker 1: have to kind of have your offer ready to go
• 1:34
  Speaker 1: when you walk out. And yeah, we talked about this
• 1:37
  Speaker 1: during COVID a lot and we thought maybe we would
• 1:39
  Speaker 1: calm down, but seems like it's still kind of a thing.
• 1:42
  Speaker 2: It is such a stressful situation to be in because
• 1:44
  Speaker 2: right it's such a huge life decision. Yep. And then yeah,
• 1:47
  Speaker 2: if you don't give an offer right then you might
• 1:50
  Speaker 2: not get the house. Right.
• 1:51
  Speaker 1: In the old days, it was like, yeah, pretty house,
• 1:54
  Speaker 1: I'll call you tomorrow. Yeah, and tomorrow's too.
• 1:57
  Speaker 2: Late now, and then see like try you know, you
• 1:59
  Speaker 2: didn't have to reach what they were asking for.
• 2:02
  Speaker 1: And now people are going above and you're getting beat
• 2:05
  Speaker 1: untill cash.
• 2:06
  Speaker 2: My heart goes out to you. I know how rough
• 2:08
  Speaker 2: that is.
• 2:09
  Speaker 1: You do real estate talk at four fourth you can relate.
• 2:12
  Speaker 1: Hit us up on text and what are you doing
• 2:14
  Speaker 1: up right about now? We want to hear from you