Realtor.com chief economist Danielle Hale breaks down housing affordability on ‘Maria Bartiromo’s Wall Street.’
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Words can’t explain how much I appreciate this video… I’m 32 years old watching from UK and really want to start saving towards a home. I was beginning to get frustrated because the process seemed so hard. You really broke down for me.
I rather rent instead of buying its to risky to buy a house you don't know what the future holds
Because the tactics of the Rich are to pull them off the market if their not getting what they want
Interest rates is one factor. The outrageous cost of building supplies is a major reason not to invest in a new home.
transfer of wealth hasn't happened- you're 40 something and still asking gramps for help, and everyone in their 55+ are stuck on 2.99% fixed rates- ahhh, meanwhile you're charging your electric car blowing up your debt to income ratio, with a $1100+ monthly obligation lol. this is a LOST DECADE
Wow. The red lipstick 💄 is not cute with skinny thin lips 👄 and horrible lighting. Who set you up? 😘😘😘 4:35
Let's see 6.6% APR on a 30 year mortgage? Yeah, only a complete idiot would accept a mortgage at that rate. If it's over 3-3.5% APR, walk away.
Another problem with the housing market. Developers building cheap trash homes and selling them for 2-3x what they're actually worth.
Next problem, wall street investors buying up cheap homes and then charging 4-5x the rent that the place is worth.
Next is realtors themselves, selling houses that shouldn't be sold. Such as selling a house that they know needs foundation repairs, without doing said repairs, and letting the new owner foot the bill for it.
Next is house flippers. They generally go in, wreck as a house to make it "look good", and then in 2-5 years the problem they created starts to show up.
There are a great many problems within the housing market. One of the main things is the buyers themselves. Such as only looking at houses. When modular and mobile homes are viable options, and even brand new, are generally a third to half the cost of a house. A prebuilt, 3-4 bedroom home, is usually in the $200,000-$300,000 range. You can get some great, brand new 3-4 bedroom mobile homes for $80,000-$150,000.
What a stupid article. Because homes are 50-100% inflated just like the stocks. These artificially inflated houses are insane. Also, you have builders putting up expensive over the top homes instead of making simple 3 bedroom 1 bath homes. These realtors are idiots, that whole industry is a pyramid scheme. We need to get rid of realtors, they only cause non value added fees and costs and increase the price of houses because of those fees. Realtors are non value added just like mortgage loan origination. It’s not interest rates, it’s just the price. Prices need to crash and burn.
bro I just want a small house with like two rooms and a bathroom and a small backyard. That’s all man
The restrictions on building plus the government use homes as cash cows: impact fees, permits and permit delays adds tens of thousands to the costs.
That's because black rock is buying up homes left and right.
I'll say it again it's because banks come in with the preknowledge of houses being sold and they outbid first-time homebuyers by the way of cash offers. then they turned around and rent them at high rates to those same people who were trying to just buy that house. and to have the American dream. that is where it needs to stop. that is the biggest issue in the biggest loophole going on. banks need to not be allowed to purchase properties before first-time homebuyers have the opportunity to do so. it's like David and Goliath. Goliath has all the money and David has $1.
Because the majority of Americans use credit instead of paying cash. Mind boggling 🤔
Prices are unaffordable.
Are builders also holding back on building due to the fact that Boomers will all but be gone in 10 years, freeing up millions of homes?
If they want to get youngsters into homes interest rates need to be below 4.25%.
Burdenomics
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
My sister lives with my mom till her and her husband can find their dream home, and i live alone renting and will never be able to afford my own home. No one said life is suposed to be fair, so quit your crying millenials.
We need zoning replacement! Single family only zoning has turned housing into a speculative asset instead of a depreciating good.
We did this to ourselves and are destroying home ownership!
Talk about a bunch of wild-a** guessing.
Let’s face it, housing prices will remain high and only get higher thanks to the runaway inflation we’ve had for the past three years. The result is that only investment groups are buying homes, and their treatment of homes as stocks in a portfolio is driving home prices higher and higher every day
Blame those who work for bankers and filthy rich investors who are allowed to recklessly buy homes at wholesale to just rent them out at unreasonable rates.
A Homestead HEMPSTEAD ACT CAN be good for immigration laws. Democrats and president Joe Biden can introduce bills to state legislation leadership to implement immigration laws with federal government approval
It’s a form of slavery.
No more money to any other country or pet projects until the border is closed and the homeless vets and homeless american citizens are taken care of. Sorry dems stupidity in our congress needs to stop. We are now fed up with useless spending of our money.
It's simple, greedy m.f.er's who never paid this much when they were young! AKA BABY-BOOMERS! ITS THE BABY-BOOMERS FAULT WHO SCREWED OVER FUTURE GENERATIONS WITH BAD, AND STUPID POLICIES! Bankrupting everyone else!
Do you really think an economist employed by the largest home sales organization in the country is going to pitch anything but a “low supply” “higher prices for longer” narrative? She will obviously focus on rates as the problem and ignore the Fed pumping up home prices for over a decade.
Yes stansberry. Trump listens to the people you work for. You dont listeen to the people. Clearly. We said shut it down.
Ms stansberry needs to thank joe biden for the impeachment inquiry but she needs to find some reality before speaking out her face. Shes just mad nobody likes her. She will be voted out for her ignorance. Bye trash.
Ms brown should shut up. Their was no issues with formula until biden took office. Everything has gotten bad since biden stole the election. Thats why he stayed in the basement because he knew he would become president because the votes were being set up to make sure of this. He best worry this election because we will all be watching whats going on at all the polls this elecction. If i see ballots being removed or snuch out from under a table i will stop that crap right that at that moment. All american citizens should wattch and prrotect our votes since the government wont.
Tlaib needs an escort out of this country. She is in my opinion a sleeper cell in our government and she should never be trusted.