#housingmarket #realestte #interestrates
Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith to discuss the housing and rental markets as higher mortgage rates weigh on home sales.
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Good!
Here in AZ it seems like more apartments are being built than houses. Still a lot of housing communities popping up but again more apartments than houses.
Seems to be true nationwide. I wonder, though, if the population is transitioning toward wanting the apartment/condo lifestyle more these days. Plenty of people still want single family homes, but I do think more people are realizing that multi-family units are lower maintenance and they can just go to a park instead of maintaining a yard. I have multiple coworkers, some in the 50+ age bracket and a couple in their 30s, who have traded in their houses for apartments, condos, or townhouses. Time will tell.
@Jared Haas lower maintenance? Do you even know how much condo fees they are paying for tiny condo apartment with bunch of neighbors? I’d rather save those monthly $500+ condo fee and use those money for maintenance townhomes at least
Leasing apartments owned by corporations *
Lower everything TODAY EVERYWHERE rebuild and clean everything up freeze all the rent and mortgages and lower the cost of living food gas everything everywhere today Amen
easier said than done
When it comes to praying for our leaders, 1 Timothy 2:1-4 (NIV) gives us direct instruction. Our leaders need God’s help. All of them. It’s important to remember that God is not surprised by flawed individuals in high places.Jan 25, 2021
I’ve got a house on the market in the Yosemite area… just sitting there. I’m thinking of using it fir a rental.
How much you want for it?
@Micah Alba 499,000.00
Airbnb
Finally. You’d be a fool to buy now. Wait these greedy sellers out until they’re throwing in the dog with the house
@Alexander Haro if you bought a year or two ago or even further back at 2010 you will never be underwater on your house.
As a construction worker in 2006 to 2008. Houses aren’t being built in large quantities like that anymore… It’s all about supply and demand. Supply is down. Right now demand is slightly down because of interest rates. That will change in the next couple years… a year or two you will not be underwater. You’ll be slightly above water or break even. It will not be as a hard of a dip. My house is gained over 68,000 in value since I bought it a year ago. I seriously doubt I’m going to lose that much in value in the next year.
Travis Key yep, not going to happen. Supply and enormous demand dictates that. Thanks to zoning laws and EIR.
@Alexander Haro
I trip people out when I tell them I’m paying roughly a negative six and a half percent interest rate on my fixed rate mortgage because of inflation.
My mortgage is slightly above 3% subtract that against inflation. For the last year I have been paying back the bank with super inflated dollars….. The money that I used to borrow and buy this house had more value the day I spent it then it does a year later. All because of inflation…
During times of extreme inflation. fixed rate interest loans are an asset
Travis Key yep and most are getting desperate and tie themselves up with variable rates. On top of paying top dollar, closing with no contingencies. Can you say sub-prime? No reason to get hopes up, there won’t be mass exodus of homeowners… lots of equity conglomerates, foreign investors looking for real-estate visa, and landlords such as myself come into the picture.
👏🏾👏🏾👏🏾👏🏾👏🏾💎👑🙏🏾🙏🏾💙👍
Home prices should drop by 45%
Ram Manohar being unable to afford a house must be tough but no reason to be subversive. Learn to thrive.
Ram Manohar it’s broken for many, perfect for some. Don’t be part of the many.
@Alexander Haro I am with the masses, I am not with the Wall Street, not with the elites.
@Jeff M when the fed increase the interest rate, people will save more and spend less. Thus means, business will not get enough income and the layoff comes.
Okay, so here is what I don’t understand. All the different places reporting about housing all talk about supply will change the market, we need more supply. What about demand? Demand could drop quicker than supply can increase. If interest rates climb or if people feel less rich due to the stock market declines demand could fall off a cliff. It’s not like people are currently homeless and that is driving demand. The demand is coming from housed people. If everyone stays put demand is done.
That sounds good, but you forget to add that rents are rising extremely fast in most desirable places. In high-demand cities, rent costs more than a mortgage, so it makes sense to buy; just not at this high interest mortgage rate. Meaning the demand is still there, but just not a good time.
@RNJO spot on. Yeah it ain’t going to crash
Thanks for this true information 🙏
1. they’re not building houses like they did in 2006 and 2007.
2.They’re not building houses like they did in 2006 and 2007
3. They’re not building houses like they did in 2006 and 2007…
If you bought a year ago or prior. You will not be underwater in your house.
Realtors are like used car salesman, it’s always good time to buy that clunker regardless of the price and Interest rates
All renters need United as army and fighting for new nation Islamic Emirate states of America with sharia laws.
Is blaming Putin doesn’t work anymore?Actually Sharia laws prohibits interest so your mortgage rate will be 0.