There's never been a lack of property for sale. There has, however, been a lack of AFFORDABLE properties with demands average people can actually meet. Almost no one is willing to negotiate unless you have 6 figures to bid that WILL NOT contribute to paying for the mortgage. Speaking from experience, sellers want ridiculous prices AND only sell to certian types of buyers. I am a veteran and I have access to multiple subsidies for small businesses and agriculture, which means I will never default on a payment. I also have good credit and a reasonable $20,000 down payment, and my entire VA pension can easily be dedicated to the mortgage as I have a job. As it turns out that level of security isn't good enough and I've had 3 different sellers refuse to sell to me claiming my down payment isn’t big enough, or they want a single cash payment. They also RARELY include water and mineral rights. The market is only about the wealthy. No one else has a right to buy property.
Rates have gone up since the rate cut. Directly correlating the federal fund rate to interest rates but not talking about the 10 year treasury is such a rookie move that why would anyone take advice for you on predicting where mortgage rates are going?
Because in a ten minute video, we'd be so far in the weeds, and it would be so boring to most people, it's not worth it. I've talked about how the bond market affects interest rates many times over the 4 years on this channel. But welcome, we're glad to have u. The employment report also came back much better than expected, which isn't good for rates, but who's to say they didn't fudge them like they earlier this year to help their narrative. I could talk till you're bleeding from the ears, but theres no need to leave comments like that.
Reminds me why NEVER to take any advice from somebody who is trying to sell you something
Real Estate is a buy, then wait game. Not a wait, then buy game.
There's never been a lack of property for sale. There has, however, been a lack of AFFORDABLE properties with demands average people can actually meet. Almost no one is willing to negotiate unless you have 6 figures to bid that WILL NOT contribute to paying for the mortgage. Speaking from experience, sellers want ridiculous prices AND only sell to certian types of buyers. I am a veteran and I have access to multiple subsidies for small businesses and agriculture, which means I will never default on a payment. I also have good credit and a reasonable $20,000 down payment, and my entire VA pension can easily be dedicated to the mortgage as I have a job. As it turns out that level of security isn't good enough and I've had 3 different sellers refuse to sell to me claiming my down payment isn’t big enough, or they want a single cash payment. They also RARELY include water and mineral rights. The market is only about the wealthy. No one else has a right to buy property.
Rates have gone up since the rate cut. Directly correlating the federal fund rate to interest rates but not talking about the 10 year treasury is such a rookie move that why would anyone take advice for you on predicting where mortgage rates are going?
Because in a ten minute video, we'd be so far in the weeds, and it would be so boring to most people, it's not worth it. I've talked about how the bond market affects interest rates many times over the 4 years on this channel. But welcome, we're glad to have u. The employment report also came back much better than expected, which isn't good for rates, but who's to say they didn't fudge them like they earlier this year to help their narrative. I could talk till you're bleeding from the ears, but theres no need to leave comments like that.
Nope