Compass founder and CEO Robert Reffkin discusses higher mortgage rates as housing market prices continue to rise on ‘The Claman Countdown.’ #foxbusiness
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Companies should not be allowed to buy up single family homes!! Too many homes are owned by corporations. I don’t trust this gentleman as he’s in the business.
I’ve been an appraiser for 20 years and this guy has no idea what he’s talking about. It’s like he’s just pulling feel good thoughts and ideas out of the air to make himself feel good. The reality is, Home prices are too high.
Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
The mortgage rates need to be forcibly pushed down, by executive order if necessary. As suggested in this video, 7-8% mortgages, at best, are the #1 problem in the housing market
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
I like high rates. Better fixed income returns
I’m not moving in the next 10 years
This guy is a 🤡. Prices are too high I don’t give a crap what the rate is!
what we need is PRICING CONTROL!
It is said that there are Checks and Balances in the government, but who is actually checking the balance?
The Federal Reserve, as most people don't know, is only a few of the largest banks.
The FED loans the government money and makes interest off that loan through spending by the Federal government. It is the perfect criminal enterprise. The banks own the country, and if you say anything different you are not paying attention.
Why would the banks not loan money at higher interest rates to our government? They do this to you on Credit Cards, yet pay little on savings.
Why would the FED chairman not keep increasing interest rates?
Trillions are coming back in interest payments alone, and it ends up being a never-ending loan paid by the sweat of your brow; job security!!
Rates go down housing prices will skyrocket but sales will remain very flat.
This is simple math.
People can not qualify for mortgages for $420k homes. No matter what the % rate.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH…. stock,silver and gold)
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
The wiset thing that should be on everyone's mind currently should be to invest in different stream's of income that doesn't depends on government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH….).
I love it all these butt holes who paid $800,000 for house and didn’t get a home inspection are now seeing the true cracks of what they bought. I don’t care if you have a 2.8% mortgage rate or an 8% mortgage rate eventually when you lose your job you’re gonna lose that house and it’s already underwater.
Insane lawsuit! These lawyers made a lot of money and pretended they care about the sellers ‘ pockets. In fact, the outcome may be that now buyers will have to pay commission plus insane interest rates! And those who can not afford, may end up in a very risky situation while buying a house with no representation.
Artificial Scarcity and ghost inventory, there are hundreds of thousands vacant houses being held by banks and hedge funds to control pricing.
we are funding some major wars we will not see anything get better it will get worse…
This is gaslighting. Lowering the interest rates will provoke buyer demand to go up, resulting house prices to go up.
Interest rates are one part of the problem. The second part is the housing prices — the cost of building materials.
For starters, foreign investors should have NO business owning US real estate. Second, there should be strict regulation for institutions buying up single family homes to then rent them out. Housing is a human necessity and should not be treated as a commodity. Lastly, but not the least, the US needs to crack down on companies like AirBNB for disrupting the real estate market.
Let the housing market be a free market for the purpose of owning a home as a primary residence — not treat it like exchange stocks.
This guys is an idiot or a lier. Interest rates go down = higher home prices. Interest rates go up = home prices go down. This Econ101