Realtor.com chief economist Danielle Hale reacts to existing home sales hitting a 13-year low at 3.79 million in October. #FOXBusiness
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dont forget wealthy foreigners, foreign students, buying up lots of property.
Especially in large cities aren’t the wages for most younger people substantially high?They are getting out of school making good money.
Your priced out because the regulators and banks have allowed a supply and demand situation to flourish for the last 25 years. Lower borrowing rates and control and cap real estate investment to make it less lucrative.
They should let people build smaller homes.
Move to Israel, Ukraine or Taiwan if you want support from your local government. 😂😂😂
You really don’t own a home. Stop paying property taxes if you don’t believe me. Lol
Hope we dont lose our jobs
Fake news!
The real news is that ALL REALTORS WORKED TOGETHER TO KEEP INFLATING THE HOME PRICES AND ONLY CORPORATIONS ARE BUYING HOME CREATING A RENTAL MONOPOLY.
We MUST INCREASE INTEREST RATES IN ORDER TO SAVE THE AMERICAN DREAM!
REMEMBER THAT CORPORATIONS ARE USING MAGIC MONEY TO PURCHASE HOMES AND ONLY HIGH INTEREST RATES CAN STOP THEM!
SHADOW HOMES ARE KEPT SECRET IN ORDER TO KEEP THE PRICE HIGHER. THERE'S A MASSIVE OVERSUPPLY OF HOMES FOR SALE!
Build smaller homes that cost less so people can afford them. Most people if you don’t have a family of 5 don’t need a huge home.
In NYC when you see an affordable house, like a foreclosure or short sales the banks are only accepting cash offers. This practice sends a message that only a certain class of people can own a house in NYC or the houses are brought by investors who can afford to pay all cash upfront. Forget the tax paying hard working middle class trying to obtain the American dream. How can you compete??????
Hello Fox business news…. This issue started in 1980 and exploded after the bank failures in the 2000’s. After every republican administration it’s gotten worse. Don’t believe me. Do your own fact checking over the years noted. Remember Fox has lost over millions of dollars in fraudulent claims. Simple terms… they lie!
🇺🇸TRUMP4PRISON2024🇺🇸
Its always been hard to buy a home. It's not easy and never will be. Work hard, save your money and buy. You need a second job if you can't save enough. Get to work!
Work 4 jobs to afford a house.
The goal is to squeeze more so that the dollars fund more with less. You can’t bring millions of illegals into the country and provide instant services without setting the whole system back.
If you have lots of equity in your home, you can cash out and move to a low cost area and pay cash for your new home. Anyone in CA, NJ, or CT should consider doing that and moving to the South especially when your next property tax assessment arrives in the mail.
Wide open border that allows 9 million illegal aliens in doesn’t help either.
🔥Super cool vid and TY for breaking it down. I'm favoured, $15,000 weekly trade earnings even in this current economic downturn. So excited
When 10 million people walk across your border they will fill up housing. Whether is apartments houses. Supply and demand. Remove the millions living here illegally or on visas then there will be empty houses on every street.
Rates go down and prices will just go up more.
The Veterans don't know about that option? I think not!
There isn't a housing shortage its a affordability crisis, there are enough homes. The problem is that houses have been bid up so high its priced people out. we are now starting to see the reversal of that, where there aren't any more investors that are willing to buy property at the high prices because of interest rates forcing downward pressure on housing demand. People cant sell because the price that investors are willing to pay is way lower than what they owe on the mortgage that's why prices are still high is not just that people are priced out of buying, people are priced out of selling also. Its a MARKET FAILURE that's what's causing it.
That sounded dumb Veterans don't know about VA guarantee home loans? They can't afford them. They know what's available.
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
Oh, so high mortgage rates are why home ownership is pricing out some people. Gee. Who'd a thunk?
Educated economists understand real estate is cyclical, about 10 year waves.
it was difficult 20 years ago.. if you didn't start early, you pretty much missed your opportunity.
Netzero initiatives and the crony politicians that uphold them are the reason why tax paying citizens cant afford to price into the market.
The effect has now shown its faults in the market why pushing the country towards "EV" future prematurely means now the average person has to navigate the catastrophe that these initiatives reign over the market and consumer choices from builder to home owner..
I love the grounded reality of this channel!!!, Despite the recession, I'm so happy withdrawing $230K profit out of my investment I can now afford anything and also support Charity Organizations
👍🏻 interesting
New homes are priced to never be owned your mortgage well out live you
So low rates were the cause of the problem, you think prices are high now. Wait till they lower rates again.
There should be a study as to:
1) How much private property the Government is using to house illegals
2) How much private property the Government has purchased to house illegals
3) What prices the Government has agreed to pay
4) What kind of contracts has the Government entered relating to private properties (duration of contract, price adjustments etc).
My neighbor just sold his 100 year old house 361000 now there knocked it down hoe after rebuild do u think u will flip this house for when my house next door is worth 100.000
Trump2024
I'm 53, earn six figures, and am qualified for less than $350k mortgage. In a county with over 1m residents and over 100 moving here every day, there are 9 houses within my price range. Looks like I'll be renting the rest of my life… so much for the American Dream I legally immigrated for 20 years ago (BTW – took me 7yrs and $22k to become a citizen).
Nice video and I thank you for breaking it down!! Even with the current crypto dip, I'm still glad 😊 I can smile back at my portfolio of $53,700 made from my weekly trade within a short period of time
Your home needs to be paid off years before you retire….
they are knocking 200k homes down and building million dollar home in FL they are not worried about younger people trying to be able to afford one.
Zero percent down VA loans isn’t going to fix the issue.
Millions pouring over the border. Prices going up.
People have been getting priced out of real estate for many years now. That's one reason why many people can't afford to buy. Because of greedy developers. Don't blame it on President Biden.
It's going to break loose when the Fed stops raising rates and the mortgage interest rates hit about 5%.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Federal deficit spending needs to end!!