Who would have thought that having an administration that tanked our economy and destroyed jobs would affect the number of houses being sold. January 20th, 2025, can't come soon enough.
I love these kind of comments, you absolutely forget to add in inflation to compare dollars from 1981 to 2024, that $90k mortgage you're talking about in 1981, which btw rates were at 18%, is $312k in 2024 dollars.
3-7% now they cost double at UpTo 16% I've seen.. you're literally just paying interest or. Gotta pay $4000 a month.. if your making $4000 a month disposable (ik playing home) but you can rent for less. You won't own. But you also don't have to pay for repairs.. and might be $1500 less
Its dollar inflation, loss of purchasing power. The home value is close to the same, it just takes more dollars because they are worth less. You can see it everywhere, auto's, precious metals, groceries.
@@nobama3468 While those are important factors, way too many jobs have not kept up with pay for their employees to be able to buy as much as they could many years ago. In some markets maybe, but not most.
In my city, new home construction is small scale and mainly higher end houses. The vast majority of residential construction are apartments, which have been popping up everywhere.
I'm a retired home designer, and homes are not the same as they used to be. Everyone compares the change in what they cost like they were the same, and blame it on financing.
They are ughly looki g like offices. Do t look like homes at all. Cheaply built but cost more then a fortune. People have to rent and pay a high foetune cause they cant aford to buy. Somebody is soo dam money hungry. My god gow much f money do you need. This is what biden admi istration has done
The prices are too high interest rate is still too high most have been best down from a bad economy for the middle class and no entry-level homes for lower income citizens
If you see interest rates in the 4% range be scared be very scared. This means we have a really bad economy. I hope to never see 4% interest rates again in my lifetime.
median salary to price of the home is off the charts. You need to make in excess of double the median to buy anything outside of a dump in most of the country.
Exactly this. Realtors are trying to convince people that this is the new normal but the average American literally cannot afford it. It's not sustainable. But then again remember when msm gaslit is into thinking COVID lockdowns were the new normal?
All the real estates bought up most the houses for sale and bumped prices up so high that no one can afford to buy unless rich 😡 unless they buy a dang trailor n still will have to pay high lot and taxes forever 😡
My Brother had fire damage to his house in CA. The cost for replacement is $250 sq ft. when you add in permits and clean up it is $350. Don't see how prices have room to come down much...
Just like any other investment. When people stop buying and your paying insurance and taxes on property, after a couple years or months you will lower the price to rid yourself of the burden.
Oh you're one of those the market is gonna crash people. Y'all have been on this train since 2019. A broken clock is right 2 times a day. I'm sure at some point you will be to.
@@vincecatapano9020 LOL, some of you think the housing market is like the stock market with its one day flash crashes. In april 08 i thought the market had hit bottom so i bought. how wrong i was. It took about 5 years for it to bottom.
That's what I'm looking to do I've already owned a house and sold now I'm renting and I can no longer afford to buy honestly I'm fine with it I don't wanna deal with maintenance or upkeep
@@thylacine1004 the house I had was even a newer one 1998 and in 6 years I had to get the furnace worked on twice two water pumps new roof and the central air completely went out after getting it refilled a couple summers. Then COVID happened and the house magically gained 50k in value but it needed all new floors new drywall in some rooms and windows were already messing up and the decks were rotting out never ending
When we bought our house long ago, we paid 11.5 percent interest. We, of course, refinanced after 5 years. But interest rates aren't the only determinant of a sale. If the economy gets better, maybe house sales will change.
If you expect us to accept this as the new normal, expect more families to live together, inherited houses and more homelessness. All these businesses with record profits, rich getting richer yet everyone else loses their homes.
The average home prices in NH are now well over $500K (keep in mind most at or a little below should be condemned), just 4 years ago that same house would of been worth $250-$300K for a pretty decent turn key. The rates aren’t the problem, the prices are if the home is within reason the rate can be whatever because your always able to refinance. Date the rate, marry the price.
With so many foreign powers that own up a great portion of our real estate market Americans are finding they will pay what India or China tells them the value of the home is
The mortgage rates are not terrible and people will sell when they need to. The bigger issue is just the price of homes overall. The government's response to the 2009 crash followed by COVID and government's response led to a housing shortage. During the pandemic, homes prices increased by $150k in my area. I think that over the next 5 years or so, prices will come down as people move and as boomers age out. In the shorter-term, all we can do is hope that builders lower prices and sell/build more - of course, until they need to compete with more homes on the secondary market, there is not much incentive to lower prices except somewhat elevated mortgage rates tamping down demand.
Nope. The mortage is high. Taxes and insurance goes up every year making mortages more so its mortage. And the prices is all about intetests and high mortage. You rich? Alot of people are t rich
Hope the market gets so bad it forces homebuyers to save money to buy homes outright and skip the money greedy lenders. This would force lenders to reduce their profit goals, encourage sellers to price their homes lower and tell the fed to drop interest rates more to encourage lending.
Prices and interests arewattoo sky high. Keeps me from buyi g a new homw. I need one woth no stairs. Mine has stairs. Hard to use them im a senior.thetes really no reason for homes to be non affordable. Biden has sucked america dry
Which multi verse are you in? No signs of crashing right now unless you're listening to those TH-cam prophets that have been talking the doom and gloom for the past 5 years.
I bought a home at 7.75% . If rates come down in this market prices for homes will skyrocket from the bidding war on low supply. More people will qualify for loans. IMO, you're far better off buying during high rates.
🎉 I was hoping you would say what's the existing number of houses available for sale versus the number of houses being sold You said 1.6 being sold how many are for sale
My mortgage was 8.3% in 1989 30 year mortgage Rates go down home prices go up greedy seller want more for there junk homes out dated homes need new roof furnace water heater appliances other repairs
Most people aren't millionaires and simply can't sustain a lifestyle that consists of a house that is priced on average, half a million dollars. Especially with interest rates that are back up to 6%. Who wants to get out of a 3% interest rate mortgage. Only poorly educated impulsive people or YOLO minded individuals buy into this ridiculous market. Wait when most homes are back to being worth less then what is owed for people who just started. Especially with little money down. Most homes aren't worth the prices being asked for on the open market. They need work or possibly will in the near future. The probability of getting a nice well maintained home is very low. People are taking advantage of the market and dumping their money pits. Unless your a homebody who doesn't go anywhere then perhaps it doesn't matter too much the cost of the house as you'll enjoy it more.
@Northern_DIY and it is very shocking thing. Canada has already seen all. Still having huge issues. Most likely, people will see: Huge job losses. Home losses. Foreclosures. Sharp inflation. Even 1000s of dollar stores will shut down... Huge layoffs. Buying home, more and more difficult. Middle and middle upper moving to poverty. Top rich, getting even richer. Plus much more. Time will tell.
For American workers The principles of life and work are today is better than tomorrow and tomorrow is worse than the day after tomorrow in next 20 years China will be new Empire
Thank you Jesus for the gift of life and Blessings upon me and my family.43k weekly profit, Our lord Jesus have lifted up my Life!!!All thanks to Mrs Kathy Lien..
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
@poollife777 Yes Trump won this election and republicans have the majority in the house, the senate and the Supreme Court. Starting January 21st we all get to see what happens to poor republican voters in the poorest states in the union
Who would have thought that having an administration that tanked our economy and destroyed jobs would affect the number of houses being sold. January 20th, 2025, can't come soon enough.
thank the voters they did this
Maybe stop these horrors like Black Rock and Vanguard from buying up homes.
U.S. has monopoly law. These buying up the housing market should be limited.
If I'm gonna sell my home... I'm getting top price.
how? the people who can do that work for them.
Agreed.
no, remove all residential zoning and building height restrictions. allow the market to determine what should be built.
There's a lot of empty houses that most potential buyers can't afford.
There *was* even Trump Tower in downtown Toronto which was so overpriced… that Trump has been sued.
No one's getting out of a 3% mortgage to get into a 6% one. "Deal with it" is a hell of a message when people already said no.
This country doesn't give a crap about it's people
Can you even call it a country anymore...
It does if they aren’t white
Who has half a million to buy a house, people can only afford boxes now!
Investors
@@MNMMOMMA2Rhymes With Molesters
Have you seen the prices on boxes lately? Smh
Half a million? You must live in a crap state. Over a million here.
Yeah well when interest rates were 12 and 13% homes were $90,000-$150,000 now they are 400,000 450,000
I love these kind of comments, you absolutely forget to add in inflation to compare dollars from 1981 to 2024, that $90k mortgage you're talking about in 1981, which btw rates were at 18%, is $312k in 2024 dollars.
3-7% now they cost double at UpTo 16% I've seen.. you're literally just paying interest or. Gotta pay $4000 a month.. if your making $4000 a month disposable (ik playing home) but you can rent for less. You won't own. But you also don't have to pay for repairs.. and might be $1500 less
Exactly
Gaslighting at it's finest
It's not about left VS right, it's all about rich VS poor now
I think your forgetting who the rich dems are doing and have been doing for a long time. The right told you but you did not listen
It’s been that since RFK was assassinated, but here we are, still stuck in the cycle of right or left
It’s always been like that
@@SK-lf1cr Very true. They just use that right/left divide to blind us from seeing the top/bottom divide.
Housing prices and rent need to come down.
Its dollar inflation, loss of purchasing power. The home value is close to the same, it just takes more dollars because they are worth less. You can see it everywhere, auto's, precious metals, groceries.
@@nobama3468 While those are important factors, way too many jobs have not kept up with pay for their employees to be able to buy as much as they could many years ago. In some markets maybe, but not most.
I know someone that bought a house in 2019 for less than 150,000 now the house is on the market for 450,000 and it’s less than 1000 ft.² no thank you
bought mine in 08 at 145k, 3/2 brand new build. that is now selling for 380k. they really need to make it make sense.
Home prices were 50k when rates were 15% - now Home prices are $1 mill at %7.00!
I blame the US government
2:54 yeah....cause you guys have been right about everything else. Be smart. Wait till you can afford it. Do not get desperate.
Uk 🇬🇧 has got twice as many people as there are houses. Government are not very bright here.
Spreading FEAR UNCERTAINTY and DESPAIR
X and Qvarden Token are going to be merged. Easiest money in my life
Homes need to drop 40-50%
In my city, new home construction is small scale and mainly higher end houses. The vast majority of residential construction are apartments, which have been popping up everywhere.
In my city houses are popping up everywhere for cheap
I'm a retired home designer, and homes are not the same as they used to be. Everyone compares the change in what they cost like they were the same, and blame it on financing.
Correct houses are made of junk now.
They are ughly looki g like offices. Do t look like homes at all. Cheaply built but cost more then a fortune. People have to rent and pay a high foetune cause they cant aford to buy. Somebody is soo dam money hungry. My god gow much f money do you need. This is what biden admi istration has done
Problem is realtors have been making too much commission off this price hike and they don’t want sellers to sell for less.
The prices are too high interest rate is still too high most have been best down from a bad economy for the middle class and no entry-level homes for lower income citizens
If you see interest rates in the 4% range be scared be very scared. This means we have a really bad economy. I hope to never see 4% interest rates again in my lifetime.
@@vincecatapano9020 good for you ?
median salary to price of the home is off the charts.
You need to make in excess of double the median to buy anything outside of a dump in most of the country.
Exactly this. Realtors are trying to convince people that this is the new normal but the average American literally cannot afford it. It's not sustainable. But then again remember when msm gaslit is into thinking COVID lockdowns were the new normal?
1980 is when the wealth gap started getting bigger
It was shrinking under under Trump, pre pandemic.
All the real estates bought up most the houses for sale and bumped prices up so high that no one can afford to buy unless rich 😡 unless they buy a dang trailor n still will have to pay high lot and taxes forever 😡
My Brother had fire damage to his house in CA. The cost for replacement is $250 sq ft. when you add in permits and clean up it is $350. Don't see how prices have room to come down much...
Just like any other investment. When people stop buying and your paying insurance and taxes on property, after a couple years or months you will lower the price to rid yourself of the burden.
Money hungry grabbers
Trump is expected to mention Qvarden Token this week and the ICO is already almost sold out
It's gonna all come down soon
How?
Oh you're one of those the market is gonna crash people. Y'all have been on this train since 2019. A broken clock is right 2 times a day. I'm sure at some point you will be to.
@@vincecatapano9020strange how some cut their noses off to spite their face. I’m talking about you.
@@vincecatapano9020 LOL, some of you think the housing market is like the stock market with its one day flash crashes. In april 08 i thought the market had hit bottom so i bought. how wrong i was. It took about 5 years for it to bottom.
Wonder how Trump administration is going to be pumping Qvarden Token
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
It's all about renting now and getting that passive income.
That's what I'm looking to do I've already owned a house and sold now I'm renting and I can no longer afford to buy honestly I'm fine with it I don't wanna deal with maintenance or upkeep
Yes,time to play a different game,trying to pay off a house these days is the never never !
@@thylacine1004 the house I had was even a newer one 1998 and in 6 years I had to get the furnace worked on twice two water pumps new roof and the central air completely went out after getting it refilled a couple summers. Then COVID happened and the house magically gained 50k in value but it needed all new floors new drywall in some rooms and windows were already messing up and the decks were rotting out never ending
When we bought our house long ago, we paid 11.5 percent interest. We, of course, refinanced after 5 years. But interest rates aren't the only determinant of a sale. If the economy gets better, maybe house sales will change.
If wages don't go up it's not going to get better too many fat cats
It seems here that every house that is built there is someone in it as soon as it’s done so I really can’t believe ya
Renters not buyers
I’m a realtor in LA county. It’s been a weird year for real estate for sure.
the word cycle comes to mind.
I knew it when there was the boom in the early 2000s they were building constantly....
raise the interest rates to 12% to15% then the prices will drop look at home prices when rates were high compaired to now
Yeah, no. We are gonna spring up houses everywhere. And drop the prices.
If you expect us to accept this as the new normal, expect more families to live together, inherited houses and more homelessness. All these businesses with record profits, rich getting richer yet everyone else loses their homes.
Lower the rates and more houses will sell
Our financial system has failed
The average home prices in NH are now well over $500K (keep in mind most at or a little below should be condemned), just 4 years ago that same house would of been worth $250-$300K for a pretty decent turn key. The rates aren’t the problem, the prices are if the home is within reason the rate can be whatever because your always able to refinance. Date the rate, marry the price.
Reflect WHEN AND HOW it got this way. 4 years of taking from YOU
It’s incredible how these “experts” are 100% wrong, every single time…
With so many foreign powers that own up a great portion of our real estate market Americans are finding they will pay what India or China tells them the value of the home is
The mortgage rates are not terrible and people will sell when they need to. The bigger issue is just the price of homes overall. The government's response to the 2009 crash followed by COVID and government's response led to a housing shortage.
During the pandemic, homes prices increased by $150k in my area. I think that over the next 5 years or so, prices will come down as people move and as boomers age out. In the shorter-term, all we can do is hope that builders lower prices and sell/build more - of course, until they need to compete with more homes on the secondary market, there is not much incentive to lower prices except somewhat elevated mortgage rates tamping down demand.
Nope. The mortage is high. Taxes and insurance goes up every year making mortages more so its mortage. And the prices is all about intetests and high mortage. You rich? Alot of people are t rich
"The price is the price" 😅
Start at 7 go to 8 and he’s asking 6 every time so we’re even like we’re stupid 🙄
Hope the market gets so bad it forces homebuyers to save money to buy homes outright and skip the money greedy lenders. This would force lenders to reduce their profit goals, encourage sellers to price their homes lower and tell the fed to drop interest rates more to encourage lending.
I hope the realtors lose their shirts over this. They helped create the inflated problem.
Homes are REDONKULOUSLY priced, along with everything else.
Prices and interests arewattoo sky high. Keeps me from buyi g a new homw. I need one woth no stairs. Mine has stairs. Hard to use them im a senior.thetes really no reason for homes to be non affordable. Biden has sucked america dry
Market is crashing but Fox won’t tell you the truth
Which multi verse are you in? No signs of crashing right now unless you're listening to those TH-cam prophets that have been talking the doom and gloom for the past 5 years.
I bought a home at 7.75% . If rates come down in this market prices for homes will skyrocket from the bidding war on low supply. More people will qualify for loans. IMO, you're far better off buying during high rates.
With Elon and Trump now working with Qvarden Token is going to absolutely blow up
Good! The housing grifters bank on every transaction having zero earned investment but are allowed to extort every sale.
I have been posting they've been into the real estate there's not a sector they haven't touched
🎉 I was hoping you would say what's the existing number of houses available for sale versus the number of houses being sold You said 1.6 being sold how many are for sale
My mortgage was 8.3% in 1989 30 year mortgage Rates go down home prices go up greedy seller want more for there junk homes out dated homes need new roof furnace water heater appliances other repairs
A Expert?
The Rates are fabricated and sustained by overspending.
competition is the enemy and Rates CAN come down.
Qvarden Token is easily going to hit $1 this month
👎👎👎 WE ARENT BUYING CRAP!!
Most people aren't millionaires and simply can't sustain a lifestyle that consists of a house that is priced on average, half a million dollars. Especially with interest rates that are back up to 6%. Who wants to get out of a 3% interest rate mortgage. Only poorly educated impulsive people or YOLO minded individuals buy into this ridiculous market. Wait when most homes are back to being worth less then what is owed for people who just started. Especially with little money down. Most homes aren't worth the prices being asked for on the open market. They need work or possibly will in the near future. The probability of getting a nice well maintained home is very low. People are taking advantage of the market and dumping their money pits. Unless your a homebody who doesn't go anywhere then perhaps it doesn't matter too much the cost of the house as you'll enjoy it more.
AFTER 4 YEARS FROM TODAY, PEOPLE WILL SAY, OH, 2023 / 2024 WERE FAR BETTER.
We shall see.
It's gunna have to get really bad then
@Northern_DIY and it is very shocking thing. Canada has already seen all. Still having huge issues.
Most likely, people will see:
Huge job losses.
Home losses.
Foreclosures.
Sharp inflation.
Even 1000s of dollar stores will shut down...
Huge layoffs.
Buying home, more and more difficult.
Middle and middle upper moving to poverty.
Top rich, getting even richer.
Plus much more.
Time will tell.
@@humanityfacts-e9u yep oh well nothing anyone can do about it tell everyone is fed up and on the same page.
@@humanityfacts-e9u pretty pessimistic view. How about have faith but prepare for the worst.
Realtors are Used Car Salesman.
Evergrand - US edition
I'll just wait for tax sales.
Qvarden Token will go 100x after launch on Binance
How I bought my 2nd home in 82 21%
50% crash incoming from today's prices. Watch
Leaks coming out about Trump working together with shareholders involved with Qvarden Token
Should have hedged this election on Qvarden Token 😂😂
For American workers
The principles of life and work are today is better than tomorrow and tomorrow is worse than the day after tomorrow in next 20 years China will be new Empire
Makes sense that Trump would just back another upcoming altcoin instead of Bitcoin for more profits
Highly likely there will be partnerships between X or Tesla with Qvarden Token
ok
Thank you Jesus for the gift of life and Blessings upon me and my family.43k weekly profit, Our lord Jesus have lifted up my Life!!!All thanks to Mrs Kathy Lien..
you're a sick pos for using the name of the Lord in your fake asf get rich quick "financial advisor" bs scam. F outta here
That's a major turn around. Praise be to Jesus our Lord. Hallelujah
But then, what do you do? How do you come
about that in that period?
get your scammy ahh "financial advisor" bs outta here. Reported asap 👌🏻
Also, pretty lame using Jesus in your scam. So shameful 😮💨
Thank you Jesus? ALL THANKS to…?
Who’s getting the credit here, Jesus or Kathy?
Lol
🇺🇸❤️🇺🇸
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
And starting January 21st say goodbye to Social Security, Medicare, Medicaid, the Affordable Care Act, VA services, and Free Speech
It must be very hard to be such a negative angry loser.
Not true
@@judyslaven1267Are you trying to say you don't think they are going to do what they have said and are saying they are going to do?
What planet are you on Democrapia, That is all propaganda speed by Dumbocraps.
@poollife777 Yes Trump won this election and republicans have the majority in the house, the senate and the Supreme Court. Starting January 21st we all get to see what happens to poor republican voters in the poorest states in the union
Donald Trump is going to shill Qvarden Token hard after the inaguration 😂
If Trump puts at least $200,000 in Qvarden, I am going all in
Qvarden Token has two of the largest Tesla shareholders already; most likely something is coming
Musk's Qvarden Token announcement is coming soon. Easyest money if you get in on the ICO
Trump and Qvarden Token partnership confirmed on twitter!! ICO almost sold out at $54m
Qvarden Token will make millionaires, after CEX listing it will blow up.
My ideal date involves food, a cozy blanket fort, and debating the proper way to pronounce "gif.🌺
Throw in a back rub please🤔
You are such a stinky butt and you go on everything you need a freaking life you nasty person.