The rapid cool down in real estate is threatening to worsen a global economic downturn and is emerging as a key variable for central bankers who want to tamp down inflation. Enda Curran reports on Bloomberg Television.
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Fed funds rate will be 6.5% by year end. Home sales will tank 30% yoy in 2023
Nobody believes the Fed is why!!!!!
F Israel!!!
No Fed interest rates change in September
House mortgage 200,000$ house market value is 180,000$
I always look forward to your next update. The market cycle still hasn't met its balance, we keep going round in circles while waiting for that huge blow out on a huge support but in the meantime we could always ignore the market ups and downs and stay fully invested. Big thanks to Howard Dennis for helping me earn over 11btc by implementing his method and following his guide.
Boo Hoo 😢
I like your statement, “Not a crash like in 2008, at least not yet.” 👏
millions of Americans are homeless right now because they cant afford an over priced home. let the housing bubble burst i say…
Oh No! now all those Wolf Warriors will need to downsize to a Doghouse :'( woof woof
THERE IS A HUGE COLLAPSE OF BITCOIN STARTING ALREADY NOW!!!!!!!!!!!!!!!!!!!!!!:) ———— > WOW!!!!!!!!!!!!!!!!!!!!:) ———– > Weekly mortgage rates National average 6.08% ———— > DO THE MATH!!!!!!!!!!!!!!!!!!!!! ————- > AGAIN AND AGAIN BASED ON MORE THAN 98.77% US FED IS GOING TO HIKE 75BP IN SEP 21ST FOMC MEETING!!!!!!!!!!!!!:) FED FUNDS RATE WILL BE 3.25% FROM 2.5% NOW!!!!!!!!!!!!!!!!!!!!!!!!!!:)Today's national 30-year mortgage rate trends On Monday, September 12, 2022, the current average rate for the benchmark 30-year fixed mortgage is 6.11%, increasing 3 basis points from a week ago. For homeowners looking to refinance, today's average 30-year refinance rate is 6.10%, increasing 5 basis points over the last week.
Housing economics are based entirely on grotesque levels of greed. A house is purchased, and the expectation is that when it is sold the sale price will be so much greater than the earlier purchase price that the vendor will have effectively lived free for its entire period of residence.
Purchasers are almost invariably desperate, so agents encourage ruthlessness in price-setting, and so this ghastly sting just passes down from generation to generation. Added to which the buy-to-let market can pretty well name its own price, with banks falling over themselves to accomodate immigrant landords who then recoup within 10 years. That’s capitalist greed at its most naked and unashamed
“House prices are coming off the boil” lol
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
Why does everyone keeps talking about housing crash it’s a bad thing.
Isn’t good if it does crash , now it’s more affordable for people to purchase a home. Even though monthly payments will be little higher, but home prices are cheaper. So it’s all relative.
Raise interest rates until you destroy the housing bubble. Housing is a necessity not a investment.
Raise the tax on secondary homes. Nobody needs a second or a third house. And if she or he can afford to pay extra taxes to get it in their brains everyone needs a place to live.
The Fed and Biden get the credit.
Price correction. My neighbor put her house up for sale at 300% over the price she paid for the house in 2016 . It's under contract.
Obviously one does not expect house owners and estate agents to admit to being greedy blackmailers. But that’s what they are.
Its not so long ago that a white neighbourhood would have bans in place preventing blacks from acquiring ptoperty in their street because of what this did to the value of their houses!
US FED MUST HIKE ITS FUNDS RATE MORE THAN MIN 250BP AT ONCE COMING SEP 21ST< ———— DO THE MATH!!!!!!!!!!!!!!!!!!:) 75BP ONLY POURING MORE AND MORE OIL & GAS INTO THE STAGFLATION!!!!!!!!!!!!!!!!!!!!!!!!!:) HIKING OF 75BP = 0.75% FROM 2.50% TO 3.25% < ——- JUST JOKE TO QUELL THE STAGFLATION IN US ECONOMY + EU +!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Australia went limit long owner occupied housing, seeking those tasty tax free capital gainz at max leverage.
We all knew this was gonna happen, we just didn’t know when.
In 2008, the Fed implemented “Emergency Monetary Policies “ of 0% interest rates and QE money printing of trillions annually. These monetary policies were considered “Emergency “ policies in 2008. Now, after 14 years of 0% interest rates and QE to infinity, these “Emergency Monetary Policies” are considered “normal” and raising rates off 0% is considered “Restrictive Monetary Policies”. This is the “New Normal”. The Fed and other Central Banks have normalized 0% interest rates and QE money printing of trillions annually!
Print more money! Pump everything up, keep doing it! Blame Trump
Portland, OR Housing Prices Crater 24% YOY On Soaring Vacancy Rate And Plunging Demand
Western Powers attempt to exploit European Consumers, seems to have morphed into some failing attempt to overcome Asian Producer Nations in the name of Rockefeller Capitalism?
Jamie Diamon even said an Economic Sheite Storm is approaching.
it seems to be time for introspection?
The US Government needs to go see a financial advisor who tells them the truth, $31 trillion is unsustainable debt, with $4 trillion income.
Capitalism seems to have forgotten to maintain a healthy income?
The GDP is essential for payments to be maintained on Constitutionally Mandated Debt.
When a persons income becomes so small that the debt load they get from charging shit with Credit cards, is way more than they have coming in, the future seems to include Bankruptcy Court?
Investors who have been imagining that the Federal Reserve Note is Eternal, seem to be in for a bit of a shock?
I first got into BTC in 2016 and have been hodling/buying sats at varying prices ever since. I've been through fixes before and will likely learn more in the future. Volatility is simply the price you have to pay if you want to play. I don't have alts as I'm a bit of a BTC maxi, but that means if BTC hasn't died before, it certainly won't now. Stay tuned – yes we all feel the pain but in the long run this will only be a blip. This is how I see previous corrections when I felt like I entered on a high (then I think it was less than $1000 and bounced everywhere!). Looking back now, all I see is regret that I didn't have the courage to buy more back then. But if you believe BTC has value then by all means buy the dips if you can afford it. For those who got in at 60 or 70k and felt the crunch: stay tuned. BTC is not a get-rich-quick scheme. Wait and you will see: You will come out stronger. I'm just buying and trading longer term more than ever, I made over 6` BTC with 3.1 BTC in just 5 weeks from day trading with Expert MR. Theodore Otis Crypto in a few weeks, this is one of the best ways to protect your wealth in case it starts to decline. Technical analysis is my second. You can reach him at ͲeIєɠɾαm @Theodoreotis and on WhatsApp @+13522544527👈. Cheers and thank me later.
the federal reserve forced people from being home buyers to renters by raising the cost of buying a house. its a bad time to sell a house now. wait for the interest rates to go down, unless you want to sell on a discount to a shrunken pool of buyers, supply and demand my friend.
Phoenix, AZ Housing Prices Crater 13% YOY As Arizona Sellers Capitulate And Demand Collapses