Sotheby’s International Realty associate Jenna Stauffer joins ‘Mornings with Maria’ to discuss the United States real estate market as homebuilders’ sentiment starts to fall for the first time in 2023.
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Personally i pray for a housing market crash. I want to afford rent.
Total valley girls
The worst affordable market is what the Fed intended. They're trying to fight inflation and higher interest rates are meant to slow things down.
I am homeless i am 59 years old but i cant afford to even rent
Presently, rates are about 1% higher than the long term norm. 6 to 6.5% was a very good rate for a long time. They say the only good market right now is older people downsizing. They can buy less and still have a lower payment. But, moving to a bigger place makes no sense. The say this year San Diego county may have the fewest real estate sales since in about 3 decades.
Her data must be stale because pretty in much everywhere west of the Mississippi, house prices are clearly dropping.
But I thought Biden's economic plan was supposed to bring relief to the middle and lower income earners?
The US can’t even compete, come to Canada if you want to do “unaffordable”. Government opened the flood gates and now we have 800,000 new migrants this year, they set investor restrictions in Vancouver and Toronto pushing investors to smaller cities pushing up house prices exponentially. A 2000 sq ft home is $1,000,000 here in Canada.
“No homes to buy”? Real estate agents act as if everyone is homeless.
Quick Google search…one-third of all RE transactions are all cash.
Not a word about investment properties, foreclosures or walk-aways.
The powers to be aka the Rothchild banksters and government are purposefully keeping inventory down to keep prices high. 40% of all homes were bought by banks, asset companies like Black Rock and Black Stone, real estate companies, and hedge fund companies.
All one big lie. The economy is not strong. Most jobs created are low paying retail and service jobs. 62% of Americans do not have $500 in savings.
The US debt is over $100 trillion dollars while our debt to gdp ratio is approaching 130%.
These people are liars.
Yeah short supply because investment firms own 10s of thousands of homes driving up rental and mortgage costs.
For perspective…in the early 80's, 30 year fixed rates topped at almost 17%.
A perfect storm high building costs high interest rates high demand as people have to live somewhere. High immigration rate. Perfect storm buy a tent??
This has been totally predictable. It has been for a year. The msm is just now telling the truth because they can't hide it anymore. 😂
I watch several YouTube videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
Just give it time. Keep rates high and prices will come down in some way or another.
So you live in New York City? And you want to buy a home? Get ready to hump up and pay up. The insurance and taxes will run you out of your house. The maintenance and utility cost is outrageous. If your neighborhood turns into a crime zone, you have just lost your shirt and your pants. No one will want to buy your home. Play it safe and rent and leave the rest to us. Your friendly investment real estate Cooperation.
People keep making assinine comments that interest rates were a lot higher way back when. Duh. Do they realize that average incomes in those days were only about 1/3rd of home prices? Now the average home price is literally 6x to 10x of the average income. Add 7.5% interest rates to this madness and you'll get an idea of why folks are complaining! Have some care and empathy instead of spouting off cliched rubbish like "interest rates were so much higher in those days"
Not to mention the houses out there are 3 Xs more expensive and not worth it .
All that talk about the uncharted territory, come down to we just don’t know😂
7+% for 30-yr mortgage……. you did it Joe!!
Anybody remember the crimson chin from fairly odd parents lmao 🤣
I can’t imagine it being worse than 2008.
Whoa. I feel like Shallow Hal.