‘HARD TO SWALLOW’: Why higher rates continue to hurt the first-time homebuyer
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- เผยแพร่เมื่อ 8 ก.ค. 2024
- Realtor.com senior economist Ralph McLaughlin says homebuyers and sellers have 'more time' than they think to get a good deal. #FOXBusiness
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Thanks for keeping us buds, I got a 150K mortgage, bought 75k worth of Brett with it. from profit of 10k capital..
Hello, how do you make such amount? I'm a born
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It’s not the interest it’s the ridiculous cost of owning home a problem
That not true thousands of people are in bankruptcy and insurance is to high and interest is 3 times higher! And inflation is at 100 percent
I bought my first 3/2 house,custom built in Florida at 11% interest. The difference is it cost $64,000. Investment firms are buying all of the properties in desirable areas. Government is destroying the value of the dollar.
These awful Biden times are NOT good for anyone! November 5 - - VOTE BABY VOTE!
TRUMP TSUNAMI
Trump 2024 ….red down ballot
Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.
They’re good for people who bought up homes pre-pandemic as well as Blackrock lol
Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.
Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.
I get it the rates are higher but the real problem is the cost of the house to start with. Totally out of control so many young people will never be able to buy a home and that is very sad.
Prices are so high not enough can afford to buy them all. Too low rates cause the price to go too high years ago. No way aging rotting and moldy homes are worth the price.
It’s not the rates. It’s the prices. We had lowering rates since 1980 and it only pumped home prices. Lowering rates just pumps prices.
What planet had lowering rates since 1980? I paid 10% for a first on a condo in Huntington Beach back in 2001
Rates have little effect on prices. Supply and demand is the primary driver.
Stop LYING!!!
What do you think they are lying about? Not being a smart a$$ need to get out of my house and downsize trying to understand what's going on need this as my retirement
There is no such thing as a homeowner
First thing you need is an astronomical salary. Your out of touch with reality.
No one an buy them FJB
Prices not comforting!!!!!
Why are listings up?
No. House prices 2x and 3x real value continue to hurt buyers. LOWER YOUR PRICES GREEDY PEOPLE!
It's not rates! It's not a shortage! Investors caused an artificial short and ballooned the prices beyond what buyers can afford. Crash is inevitable.
This industry has to be investigated for racketeering, they have no reason for pricing to increase. Notice he try to sell buy now they are hurting the reason for pricing increases the realtor trying to make up commission for inflation, Remember they have two hats seller and buyer no conflicts there.
My mortgage just went up starting in August and I live in Kansas! My house is worth more than when we bought it!😮
Wood comes from the earth
Glass comes from earth. Stones come from earth. We could build everyone a home for free. Food grows for free water flows for free. Why must people suffer
WOW. Pretty clear the reporters (and I do mean reporter NOT journalist) who have homes to sell and who think their 100K house is worth 5M. Keep that news going cause we sure don't want to be fair to the people looking to buy a house. "This is my retirement." I should get 5 million! Scream all the old people. 😂
They knocked millions out of even qualifying!
What if someone is buying a home to live in for long term and not as an investment property where it’s flipped to a ridiculous price
I think they need to be increased further I’m tired of the dollar dropping in value
8.9 Percent a month ago just got a house Our first time in Modesto, ca. 3800 a month thats crazy for are income
I'd move to Bolivia before I'd pay that. Better hope there isn't a layoff in the family.
@@eugenefirebird8938 it's getting pretty slow right now at my job 😦
Low Rates created the Historically High Home Prices that your now seeing . So lowering Rates creating a huge rush of would be buyers into the Market will cause Home Prices to somehow drop ? Yea right .
No we are not in the market of 2002-08 anymore. We are back to what was NORMAL before the Bush crash. The only big difference is the major ownership of single family homes by hedge funds buying up huge amounts of inventory. This is new. For the moment it is keeping the market firm. Otherwise rates at 7-8% are nothing. Bought my first home in 78 paid 9% for a first and thought I got a bargain. Have owned 6 homes over the years and made substantial returns on every one, besides having a great place to live. Paid as little as 3.5% to as much as 12% for a first. Didn't matter. The likelihood of another Bush type housing crash is small considering the way lenders changed their requirements to lower their risk. And unless all the hedge funds bail the market will stay firm. If we would let in some more skilled and unskilled immigrants we could bring down labor costs and maybe some of the builders would build more new homes. Labor makes up as much as 25-50% of the cost to build. These guys provided the low cost labor that built out better than half our inventory over the last 50 years.
Have you enjoyed your bread and circuses?
Pent up demand. Sellers market.
Nah Over-speculation plain and simple. They will run like cockroaches when they see prices dropping.
Whose life was better 5 years ago under Trump?.?
Não quero vídeo em inglês
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300 seguro punta cana libing
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Joe finally fixed Medicare as he admitted in the debate. He also fixed the housing market.
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Joe will take care of you
Joe wants you to pull his finger
@darwinpenning1319 Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.