ABC News’ Rebecca Jarvis reports on the latest from the National Association of Realtors with sales of existing homes down nearly 6% in July.
#ABCNews #HousingMarket #Realtor #Economy
Original source (ABC/Youtube)
ABC News’ Rebecca Jarvis reports on the latest from the National Association of Realtors with sales of existing homes down nearly 6% in July.
#ABCNews #HousingMarket #Realtor #Economy
Original source (ABC/Youtube)
No recession for the illegals they get everything free
Interest rates are still at record lows. Borrowing money doesn’t have to be so cheap.
Sound like you own a home no matter what you are screw these days
It doesn't matter if your house selling price is high, if the buying price is also high, you can't sell your house without moving somewhere else.
Let me expose the English 1% globalist elite, neo nazi movement, for those who cannot join the dots. The whole world is suffering because of Joe Biden, and his stupid elite globalist woke policies. So Biden,s Bosses have done this in Britain. So for 8 months my electric bill be 400 English Pounds per month. So and….Wait for it !!! ……These elite morons, have offered help to us peasants, who cannot use a laptop, vote, or find a voting booth. These arrogant, condescending, document planting, rigging, murdering nice people, have offered 400 English Pounds towards our heating bill for the year. ALL the Bilderberg press, paints a different story, in fact detract from this to promote adverts for mixed marriages !!!
It’s about time! Let the mother fker crash!
Isn't this what happens right before a market crash? Builders aren't building, cause private home owners probably financially cannot afford to pay the inflation price of building materials… big corporations idk why they wouldn't build unless the rent price is set so high renters aren't renting their already built homes so no need to build more, so secondary impact will be soon foreclosures will be on the rise cause inflation is so high that many who used to be middle class are now struggling to make ends meet and still have food gas. Etc..
It will crash more the price of houses are unreasonable for the average family and greed will fail. All the people that can afford to out bid have already bought houses and anyone with common sense won't buy now which drives the price down
Seriously how can these people actually afford those expensive houses????
It's like they are cosigning up to thier great-grandchildren to foot the mortgage.
Investors have driven the prices to high. My neighbor put her house up for sale at 300% more than she bought it in 2016.
It's a correction in prices.
The housing market is falling off a cliff just be patient it is an will get much much worse, the year over year data explains it all if you know how to look at it an interpret it. Don't buy in the next 18 months you will not only be pissed off you will regret it. It will be a great way to cause a Divorce for sure.
housing prices have been out of control for way too long! I don't feel bad at all for all those big private equity firms now stuck with all these depreciating homes they gobbled up!
Lol she is wrong this housing crash will be worst than 2008. Soon as the wall streets real estate investor start dumping all their house and bank foreclosure start. Plus dont forget the massive layoff thats coming soon. Housing price will plummet
Maybe if mortgage companies didn't make it so hard to qualify for a mortgage that would help people? I make 6 figures and have worked at the same company for 10 years but all I hear is "Oh you're credit score". I have paid rent on time every month for 15 years but I guess that is supposed to count for nothing.
I hope this nonsense housing market crash %50 from today price. Fucking disgusting
Kind of ironic affordability is at 1989 levels, we were in a recession then too. Then prices started tanking
You locked in that low rate on a home that was 100-200k more than it should be. Grats.
I hope buyers continue to let these overvalued homes sit even longer with NO OFFERS so these big corporations will crash and burn 🔥
Sellers think their homes are worth more than what they actually really are. Just like women on dating apps who want a guy who is 6 feet, 6 figure income, and 6 pack abs. However, they had 2 divorces, 2 kids, and weigh 2 hundred pounds. You can only get what you are worth.
Crash coming between October 2022 and April 2023
About time. Prices went through the roof
I’m patiently waiting for the house market to go down.
Get ready boys!
80% of the public would consider this a potential boon, not a crisis. Wall Street pirates bought out the market at top dollar and hoped to extort higher rents and sales prices out of all of us. If the government tries to bail them out with the money of the very taxpayers that they were trying to screw, now we could call THAT a crisis.
A crash is along the way and it will be uglier than 2008
Good, homes were over inflated with Covid. Prices too high not worth what they are selling for, let it crash already.
Umm because no one can afford these overpriced homes
It’s not mortgage rates!!! It’s not shortages, everybody keep singing the same ole song!!! It’s the dam prices… prices are too damn high!!!! N the homes are trash!!!
i thought prices were going to double………….
@0:26 Limited supply? It feels more like there's actually enough supply. It's just that they're all overpriced or that the current rate's too high, which is why no one's buying.
There has to be a company that would make a killing building starter homes, condos or townhomes that the lower/upper middle class can actually afford
Real Estate Mafia loses. The People win. Now Rent Control in every city. Good people of America why are you letting businessmen control your lives?
*Still wildly overpriced bubble market while the building practices have become far more shoddy than what used to be American standard…
They're being very selective by saying 'housing recession'. The truth is we're in an economic recession and the housing market is exemplifying it. They just don't want to put their Democrat colleagues on the hook for what they've done. When reality sets in and people start losing jobs and are still left with an overinflated mortgage, things are going to get ugly. Don't worry though. Democrats will be sure to offer golden parachutes to all the corporate investors so they can continue to make their money😉