The housing market is seemingly cooling as inflation and higher interest rates impact homebuyers. Homes are increasingly selling at a slower pace, down to 21 percent since January, according to the National Association of Realtors. Mortgage applications also just hit their lowest point since 2000. Despite more homebuyers backing out, the median home price hit another high last month at $416,000.
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The superiors better cool it, we’ve got the guillotine ready.
All, let’s boycott this over hyped housing for couple of years.
BIDENS AMERICA 🇺🇸
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:39.
What’s the point if you have all that equity in a home if you don’t know what to do with it. If you don’t sell or pull money out than that money is stuck and if you sell well you getting something more expansive. So you’re held hostage in your own home. Is just a rich effect
https://youtu.be/PoJjYY1vSAk?list=PLbDoLPTTmiglRVgzpp9FM51uLlxMW3UsS
Cool and crashing are two different things..
wow a teacher offering a million dollars house that sound like her problem
Refinanced to 15 year almost a year ago at 1.89%. I’m good
If everyone stops buying, you'll see just how fast prices come down – it's always the way. Then again, people are morons, which is why during a pandemic, the buying went through the roof. If people would stop behaving like idiots, we wouldn't be where we are today.
https://www.youtube.com/watch?v=khpmkNfx0Rk&ab_channel=PBSNewsHour
every house that goes up for sale around here is under contract 2 or 3 days after it's listed. there's no way anyone shopping for a home could make a decision to buy a house that quickly.
How does a teacher have over a million dollars to offer on a house? It has to be mostly her husband's money or money she inherited. Aren't teachers always complaining how they make so little for what they do? Even though they have more vacation time than anyone else?
Depression democrats….. wake up. Yea Biden the problem
JESUS CHRIST IS LORD❕REPENT BECAUSE THE KINGDOM OF HEAVEN IS AT HAND❕THE LOVE HE HAS FOR YOU IS EVERLASTING AND PURE❕GLORY BE TO THE NAME OF THE LORD❕CHRIST LOVES YOU SO MUCH SO THAT HE GAVE UP HIS LIFE UNTO THE CROSS SO THAT WE MAY HAVE EVERLASTING LIFE ❕THERE IS SPIRITUAL DEATH TO THOSE WHO WHO DO NOT ACKNOWLEDGE CHRIST AND ACCEPT HIM AS THEIR PERSONAL SAVIOR❕HE IS THE ONE AND ONLY TRUE LIVING GOD, THE LIVING WATER, THE PUREST LIGHT OF THE WORLD❕REPENT AND TURN AWAY FROM SIN SO THAT YOU MAY BE SET FREE IN THE NAME AND IN THE BLOOD OF JESUS CHRIST OF NAZARETH❕HE IS THE ONLY WAY TO TRUE SALVATION ❕HOLD FAST TO THE WHOLE WORD OF GOD IN PRAYER AND IN SUPPLICATION, AMEN❕THIS WORLD IS TRULY EVIL❕PUT ON THE WHOLE ARMOR OF GOD AND PICK UP THE SWORD THAT IS HIS WORD❕GREATER IS HE THAT IS WITHIN YOU THAN HE THAT IS IN THE WORLD❕THIS IS SPIRITUAL WARFARE❕WE ARE IN THE FINAL DAYS❕
Hope the market crashes
Ha ha, all of your real-estate investments are getting ready to tank, greedy f’s. I will just wait for you to foreclose and bam. Pennies on the dollar.
This is bogus. Rates will need to go 25% before the market cools off.
HAHAHAHAH.. SO YOU GUYS WANT US TO CATCH THE FALLING KNIFE?? LOL FU
Inflation is due to no protection for buyers from large corporations who are buying up entire communities to force people to rent. The second part of the inflation is the stupid buyers who are willing pay these prices and live above their means. Nobody is forcing people to buy. If buyers are willing to enter themselves into a bad, inflated, bank breaking deal… then it is your own fault. Learn to be patient, and settle for a bit less.
"A house is just a place to keep your stuff while you go out and get more stuff"
-George Carlin
No one ever reports on buyer demand…buyers already bought 1 or 2 years ago. the demand got pulled forward.
LoL
>inflation is calculated using the current CPI model. I am pretty sure that if you used one of the older models from the 90's then inflation is probably well above 10%
Hope it crashes! Us single families need a break
Sellers didn’t have a problem when the pandemic brought more buyers to the market and now they have a hard time swallowing the new reality!
Real estate crashing 40% wouldn't even be a crash… it would be 2019.
Rates were 2-3% for a short time and unsustainable. 5-6% is not a cataclysmic mortgage rate, still far lower than most other debt as it should be. Housing prices are the bigger issue but that is determined by supply and demand, which depends on your product, specific region, and time of year. The over-dramatization of market corrections is truly disappointing coming from masters degreed and up people who clearly know all this. This is why no one trusts the media anymore, because we know you know better.
This may be true in some parts of the country, where I live houses are pending a few days after being listed!
Thanks for the recession Joe Biden.
Welcome democrate 😀😀
This is ridiculous because it's all Biden's fault first thing you did in office was close the Keystone Pipeline and now we're fighting inflation and people have to put their lives on hold for that old fool while he sells America to China basically
Great destruction is coming to America. Money will be of no means.
Interest rates only for the poor if you have a nice down payment you will be okay 👍
Good 👍 if people stop buying the house market will drop! People are slow paying 1 million for a house that’s worth 500$k
Burn baby burn!
Should the United States Government refund any of the funds US consumers spent on gasoline purchases during the Biden presidency?
A housing "crash" should be expected just like everything else. The massive increases in value on almost every asset is obviously unsustainable. About a year ago I refinanced my house to a 10 yr mortgage at an absurd lower rate. My monthly payment went up $150/month and I shaved 8 years off my mortgage. All I did was cancel my TV provider and I was even lol. Live at or below your means, talk less, listen more and think for yourself.
Affordability is dropping out bc large investment firms are buying up houses and making them rental properties. And another issue that has caused is makes the quality of the neighborhoods or community go down hill bc of the types of ppl that are attracting and moving in. I am deal with that issue right now. Since they are renting, they are not invested in the property or area and they are living in while leaving trash and such all over the place where the home owners do try to keep the place nice since that can increase or lower their property value. These renters are acting like renters —just trashing the place just enough to where there won't lose their deposit.
The homes are not worth more than in 2019 or even in many cases 2016. Homeowners who purchased in last 2 years in many cases are already under water. Don’t shoot yourself in the foot. Be patient. Look at sales from 2016 to 2019 in area and estimate sale price per sq/ft. Next calculate difference between than an now per square foot. Multiply by total sq feet. This is the amount you could be under water. Easily over $100k in many places. Add 6% sales commission and closing costs. A purchase now could be biggest financial mistake you ever make. Realtors always tell you homes appreciate over long run. That is not always true. They don’t have to pay your mortgage.
Apparently Priciest Real estate are seats at Springsteen Concert 2 seats
3 hours 10 Grand. Plenty of money out there….
We might be able to afford a 3-room tent and set it up at the park while Biden sends more money to the Ukraine.
LETS GO DONALD J TRUMP!!!!!!!!!!!!
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