American Land Title Association CEO Diane Tomb discusses her outlook for housing costs, commercial real estate fears and strategy on mortgage rates. #foxbusiness
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This doesn't really surprise me. The situation has evolved. In my life, the idea of mini-retirement was revolutionary. I'm not waiting to be 65 and retire to some idyllic place. Knowing how to pay for the lifestyle is helpful. Earning money while enjoying a piña colada by the beach is, you know, helpful. If not, I could not have completed it.
Yeah sounds like bad advice. 😅
When it's affordable it will be affordable. Just going to take time for things to adjust and settle down. You can't refinance on a house that's underwater.
"By the end of the year"??? For those of you following along at home, since it's only February, "by the end of the year … means NEXT YEAR!
Rates aren’t the issue. It’s the price.
They want suckers to buy now. DONT 😊
@boxabl can help home building if government gets out of the way.
Terrible advice
1,000,000 houses shortage, BUT look at all the illegals that have no effect on housing!!! Keep your eyes closed and keep walking. Woohoo!
Lower rates? That's what got us in this mess….God realtors and real estate in general is insufferable
Don’t care about the rates as much as I care about the cost of the home. Homes are overpriced and we all know it.
With a 30-year fixed mortgage rate now at 7.5%. Since i am already priced out of the housing market in my area. How can i avoid a crunch and maximize my $350k savings? Should i invest in Gold or Stocks?
I picked the wrong week to stop sniffing glue
I wonder if these people fully realized that if Joe Biden the person they voted for takes us into world war III that the house that they live in is probably not worth more than the carpet bombing shell that will land on the roof.
Homebuilders lead indicators for the market is showing a sell off. Obviously higher interest rates are on the markets for the end of the year since Joe Biden frivilous spending is going privilegedly, on scrupulous predatory, lending by the Federal Reserve only looks to be spending more money causing higher inflation and crypto prices for today. A million dollar a bitcoin is gonna create more inflation So get ready for a hundred dollars a sandwich.
What a joke. Date the rate yourself
The million shortage will be more than offset by the boomers dying off. Mathematically they are such a huge number that it will balance itself out.
all these realtors and title people about to be working at Target after they get laid off There is no sales!
There is an affordable housing shortage and Biden is bringing in millions of fake asylum seekers.
Wow this is terrible advice, i wonder why thr news is giving such terrible advice
A million housing shortage – where ? what areas and in what price category? they never talk about that – what income bracket are we talking about do we need to provide a million homes for ? Let’s focus , you can’t just paint this with a broad brush !!
I don't have to hear a word,,
I'm pretty sure Trump's cabinet deregulation and dismantling of Dodd Frank, set Americans up for another housing bubble, a crash in the financial sector,, JUST IN CASE TRUMP LOST IN 2020
Wishful thinklng
She keeps saying interest rates but forgets to mention HOME PRICES.
When you say opportunity it's usually a manipulating of a lot of lies
Especially when Trump becomes president !!!!!!!
Rates will CAUSE a crash because rate locked sellers will flood inventory
I think she’s a little too optimistic,…
Simple solution, don’t let companies own single family homes. Also, cut back on short term rentals, and things will open up.
Yep because housing crash
Refinancing IS definitely a majorly risky strategy when closing costs for a new loan are rolled into said new loan. At that point, you aren’t saving any money on your new monthly payment, plus you’ve paid closing costs twice.
All this mess is due to government over regulation and money printing. I've never seen a problem the government didn't create. Government needs to stay out of everything so the private sector can do its own thing.
Rates need to keep going up to make it more difficult so keep prices low
Not nyc