Homes in 97% of U.S. cities are overvalued, Moody's says

Re:Homes in 97% of U.S. cities are overvalued, Moody's says by HWR_14 on Thursday May 05, 2022 @09:59PM (#31280406)

> just about every house has an owner that lives in it

Just under 2/3 of US homes have an owner that lives in it.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by mellavora on Friday May 06, 2022 @06:35AM (#31283572)

and the trend is clearly and strongly towards fewer owners.

Look at the percentage of houses bought by PE vs individuals in 2021.

https://www.redfin.com/news/investor-home-purchases-q3-2021/ Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

yes, I know 18% < 1/3. But I also know that 18% > 6%, which was the figure in 2000.

the trend is pretty obvious.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by HWR_14 on Friday May 06, 2022 @02:33PM (#31288375)

You can look at the percentage of people in the under 45 bracket, and it's been trending down for decades. The total is probably remaining high because the lifespan was going up.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by davidgay on Thursday May 05, 2022 @11:45PM (#31281079)

What's the number of owners + long-term renters? (the likely relevant metric when looking at housing price vs local incomes)

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by HWR_14 on Friday May 06, 2022 @02:32PM (#31288365)

Ah, that's one of the ways the statistic I quoted is skewed. Short term rentals aren't considered "homes" by it, so it would be 100%.

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