Macro Trends Advisors founding partner Mitch Roschelle argues the housing market is slowing down ‘dramatically.’
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San Diego, CA Housing Prices Crater 18% On Surging Inventory And Mortgage Defaults
Most Americans have low fixed interest mortgages.
No those who are going to be impacted are scumbags worthless baby boomers who don’t wanna die they should but they keep clinging onto life realtors and investors and other scumbags
Make sure every pensioner will get thier pension ,otherwise Biden will prints it again!!! Dem will vote for it if nobody take it cabinet down
Raleigh, NC Housing Prices Crater 18% As Quality Of Life Ranking Slips Three Years In A Row
Buyers market? You mean a cash buyers market. A bank and landlords market. But the loan buyer is going to pay triple in this market
For every 1% increase in interest rates 10% loss in purchasing power by the average buyer. Interest rates are up 4%+ YOY (3.19% vs 7.37%). The average selling price of a house in October 2021 was $355,100 with 20% down and a 3.19% rate just the P&I would have been $1,227 per month. Today the average house is $384,800 and the interest rate is 7.37% and just the P&I is $2,125, a $898 or 73% increase. To put it in round numbers, if you could qualify for a $1MM house in October 2021 you can only qualify for a $625K house today, and this is before the Fed Nov 2nd meeting where the will raise interest rates again because inflation is at 8.2% through the end of September 2022. The fallout is that as inventory builds some people will sell their house at a low price (does not mean they did not make $$ because they owned the house before the mkt went crazy after 2017) below what their neighbors paid for their house in 2019-2021 which will reset the comps for the entire area and maybe the town/city. A correction indeed.
Property prices rose too fast and too high so prices need to pull back to pre Covid levels.
A lot of people are about to learn a very painful lesson. If you don’t know what that is then you might be one of these people.
San Diego, CA Housing Prices Crater 18% On Surging Inventory And Mortgage Defaults
It's not just rates, it's the unaffordable prices. Nobody can afford this crap
Portland, OR Housing Prices Crater 19% YOY As US Housing Market Staggers On Rampant Fraud
Our country is in trouble
Every financial goal requires patience, dedication
and consistent spirit knowing that investment is
currently the most lucrative business in the world,
both NFT, real estate and Crypto shares are really
positively changing people's lives.
A federal judge said that former President Donald Trump lied under oath about voter fraud in Georgia while trying to get the state's 2020 election results overturned.
US District Judge David Carter made the determination in a ruling ordering the conservative lawyer John Eastman to turn over to the House select committee investigating January 6, 2021, a batch of his communications related to Trump's and his allies' efforts to subvert the 2020 election results.
He added: "The emails show that President Trump knew that the specific numbers of voter fraud were wrong but continued to tout those numbers, both in court and to the public."
This crash hasn't even started yet, prices need to drop %50
what meds are you taking?
Real estate agents… mortgage brokers… aka the useless people in our society 🥱😂
Housing should not go up in value over 100% in a year.
Now when they "cut" the price by 20% or hell 65% it's still overvalued to obscene amounts that wages cannot keep up with. Either way. The dollar isn't as valuable as it should be.
If it is on Fox, it is probably a lie.
Rates are not going down so if they are waiting then good luck. I hear tents are cheap at Wal-Mart.
AMERICANS ARE IN BIG TROUBLE AS LONG AS DEMOCRATS RULE. VOTE EVERY DEMOCRAT OUT OF OFFICE NATIONWIDE. SAVE AMERICA AND OUR CONSTITUTION
Don't believe but it really worked
Watch out renters! Rentals are going to sky rocket now because no one will be buying. Better lock your lease in now!
not gonna sell my house, I dont really need the money and I like owning things,
As in UK, JOE BIDEN must Quit in USA, He have been the worst PRESIDENT that this Nation EVER HAD, followed of KAMALA HARRIS, a lot of incompetence everywhere‼️‼️
High interest rates……duhhhh
Forgot to mention runaway inflation, more prices ultimately going up.
His advice is to list your house at a price from 2020 that still reflects low interest rates. No buddy, this out of control real estate casino needs to CRASH…
Not sure Fox has a handle on this,
with 3 minutes of a comfort-food
analyst giving you the soft version, when there are oversubscribed channels of 20 mins or more every single day giving you the (shocking) drama and lowdown.
"Recalibrate" that!
Last thoughts: Using your Stocks as an ATM. Nahhhh, that's never been done before. 🙄
Up next! Blackstone blacktop drop top needs a bailout!
The Fed is trying very hard to cause a recession. However, it is only going to cause more inequality and society is going to break very soon. Like it or not, the job market will become stronger and employees will keep the upper hand. There are too many job openings and very few employees. And there's waaaaay too much demand for housing. So regardless of the interest rate, people still need a place to live. They will get raises or higher paying jobs to be able to afford the higher interest rate, which in turn, will make inflation even worse than before the fed jacked up the interest rate. In other words, increasing the interest rates will actually lead to more inflation. Thank you, fed.
Absolutely nice update, I'm still reliving my bitcoin day trading session with Brooks Harrison up close. In no less than 9 weeks, I was able to accumulate a total of 6.7 BTC after exchanging my initial 0.8 BTC..
I’m so glad I didn’t trust wrong set of hacking teams, Maskoffweb didn’t waste much time getting me over $6000
I’m so glad I didn’t trust wrong set of hacking teams, Maskoffweb didn’t waste much time getting me over $6000
The Realtors that blew the prices sky high deserve to feel the punch. You know, the feeling when you're working 2 jobs, just to pay rent while being outpriced by greedy realtors and rental owners! They are worse than blood sucking ticks!
Housing is mostly regional you Fox tools.
Guess the kids are going to leave the keys in the mailbox and move back home 😢
All sellers should ask this question to themselves, Do you have a home that you Must sell ? If Yes then you are screwed, If No then you can list it for whatever you want its not going to sell anyways and you can continue paying your 3% mortgage. Its that simple.
I'll wait for the housing market to crash again! You can deny it all you want but iv lived through a few crashes. And it's coming again. The foreclosures will be in large numbers
Everyone needs more than there salary to be financially stable. The the best thing to do with your money is to invest it rightly because money left for saving always end up used with no returns
Negative equity is coming! Tighten your seat belts young buyers it is going to be rough
Imagine financing a 30 yr $300k loan for 8%+ APR with a required 20% down. ain't nobody doing that. People that can afford that down payment also have enough sense not to finance at that insane rate. Prepare for not just a housing market crash, but a total and complete collapse
Boxing reference… Biden's economic policies are hitting all of us below the belt! REF!!! Call him on it!