Home prices hit a new record in July, but analysts believe high interest rates will trigger a decrease in the near future.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Get more of NBC News delivered to your inbox: nbcnews.com/newsletters
#InterestRates #Mortgages #PersonalFinance
source
Fact: in 1984, rates reached 16.1%
Result: no crash with a very moderate decrease in prices.
One man crashed the economy overnight for the poor. Said he would end wars.
So, the prices come down…. but you forgot about the property taxes for 20+ years, the maintenance, the expensive upkeep, other problems and situations all while loosing your mobility for 20+ years. Costs of owning a home is an absurd financial trap in this current economy.
The economy in this country is about to collapse. China’s second biggest company just declared Bankruptcy, when their economy crashes ours will be right behind.
uh huh, democracy is the best form greed in the world.
diana olick is amazing. Plus she is a legit Red-head….I love in her housing coverage…Top of the food chain
YA DONT SAY 😂 ALMOST LIKE THE MARKET CANT AFFORD ANY OF IT! 😂
Did she say "as we head to the fall" or "to default"?🤔😂
Property Taxes are UNFAIR and OPPRESSIVE.
Get real. Doesn't matter if prices come down a tiny bit from an all time high, when the rate is so ridiculous to boot. That, and no one will sell with the rates, and so supply is still low. We'll all be living in small tubes soon just watch. Middle class gonna get deleted.
interest rates are making up and then some for ANY minor price reductions…give me a break. and rates are going to go up more too. many wont sell cause they got ultra low rates now and if sell even for high price they will have to buy at mammoth high rates.. thats what messing up the market low supply, high rates..keeping prices mostly high
Diana Olick has them crazy eyes. She’s gotta be a freak in bed
New York City and London City House more cheap than North iraq kurdistan
We need to limit foreign buying and big corporations buying everything up so they can rent it. The fact that foreign countries can buy our fatmland is just stupidity on display.
Shut down Airbnb and prices will drop.
No short term rental properties, that's what hotels are for.
I hope it goes down more.
Another Donald will arrive in the area, lie and all houses around go up.
That's not true! The housing market in North NJ has been untouchable for years now. There are no starter homes, all homes are over 500,000, even the ones in disrepair! And even if there was inventory, there's 50 people behind your bid, willing to pay $100,000.00 over asking. It is so disheartening!! My grown kids will never be able to buy a home near me! Ever since Covid, all the New Yorkers who can work from home now, took all the homes and inflated everything and left us with no inventory. It's really hopeless for Bergen and Essex counties.
GOOD , I DO OWN HOMES , BUT TO GET WEALTHY AFTER THE MISERY OF OTHERS IS NOT GOOD, FOR ANYONE, GREED IS VERY BAD, THE TOP 1% SHOULD PAY HIGHER TAXES.
A decade of that? Only to go back to ppl I know and what I did before others adopted it and took advantage? Losing mothing
I’ll buy one when I’m paid have privacy and they resolve lies and fraud from the past
I work for a mortgage company and boy do we need relief, these rates are killing us.