#mortgagerates #yahoofinance
This segment originally aired on September 22, 2022.
SitusAMC Managing Director Tim Rood joins Yahoo Finance Live anchors to discuss the housing market amid current mortgage rate projections, inflation, the Fed’s interest rate stance, and the environment for homebuyers.
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looks like ryan reynolds lol
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This is already dated Friday we were at 6.75 lol
M͛o͛r͛e͛ UPDATE📥✍️
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So many homes are tied up as rentals by corporate entities.
not anymore your 6months behind they are selling off for the 1st time in 14 years inventory is nearly back to 2019 some markets are up 350% since spring its definitely not the same as early this year just watch this is deep recession if not the 1st depression in 93 years thanks to a once in a century pandemic
My street has 4 now houses that were Built and sold in 2017. My neighbor sold 2 years ago and a company bought it. Someone rented it last year for 1650 a month on a 1 year lease. Now it’s back up on their site for 1750 a month. Meanwhile I’m still paying 1050 to own
@brian oleson Depression? LOL. You’ve been watching too many YouTubers.
Yep..and here in SWFL they are just sitting for months because they can’t rent them.
@Chess Dad yeah ok if you look at history 1918 and 1920 it resembles it i would not take a pandemic we had not seen in 110 years lightly but you do you buddy i guess the hard times are in a few decades when we dont have as much crazy stuff right….
dude is terrible lies and lies he wont say that for the 1st time in 14 years investors are selling off in droves and inventory is nearly back to 2019 in phoenix alone inventory is up 350% in just 6months
@DaveHates808s if they were 170k in 2011 im hoping 220k in 2024 thats appropriate appreciation
That’s speculation for ya. Yeah the building companies that I care about are the ones that are well managed enough to know how to prepare ahead of time, and aren’t just banking on the low interest and Fed money cannon gravy trains. Theyre looking at the labor market, buyers, supply chain and commodity prices and a load of factors to consider for their timing. Those are companies worth looking for and investing in imo
@j they try to explain why this downturn isnt bad how it cant be historic how you wont see homes crash maybe it doesnt resemble 2008 i think it resembles 1920+ a splash of 2008. Homes didnt just crash in 2008 they crashed shortly after the last pandemic 110 yrs ago
@brian oleson Inflation Average 5% per year over 13 years is 65% Increase would be right in 2024. So 170K should be 290ish
@SELF GAMING That’s some fancy fony math you’ve got going.🤣🤣
*Citrus Heights, CA Housing Prices Crater 17% YOY On Soaring Mortgage Defaults And Plunging Rental Rates Across Sacramento Area*
Mortgage rates were higher in 2007. Corporate profit taking is the bigger worry.
these rates two month old it more like 7%
I am a expert of 30 years. The majority of people will have a scaled down version of the American dream. It will be a Amazon Tent on the sidewalks of LA.
M͛o͛r͛e͛ UPDATE 📊💬
If you don’t like 6.25% 30 year lending rates today. You’re not going to like them when they hit 12.5%. Mr. Powell has gone on record saying he will break the back of the home prices in the United States. The housing crash that’s coming will be bigger than 2008.
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Doesn’t make sense, no inventory, yet Tampa and other hot markets are going to crash? There are not enough houses, not enough rentals. Not sure how that happens.
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It happens because real inflation is close to 20% and wages are up about 5%. A 3% mortgage doesn’t help homeowners that can’t afford their mortgage fue to rampant increases in EVERYTHING.
With 25 million excess, empty and defaulted houses out there and prices falling fast, how so?
*Citrus Heights, CA Housing Prices Crater 17% YOY On Soaring Mortgage Defaults And Plunging Rental Rates Across Sacramento Area*
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M͛o͛r͛e͛ UPDATE 🌟💬
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Think I’ll hold off on my sale. Nothing beats a 0% interest rate that I’ve got.
Nothing like clinging to your zero percent while prices plummet.🤣🤣
*Citrus Heights, CA Housing Prices Crater 17% YOY On Soaring Mortgage Defaults And Plunging Rental Rates Across Sacramento Area*
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When talking about rent increases he said it’s gona kill them and then added financially. I’d say it’s definitely both
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Thank you so much for this update 👍👏🤗
The biggest lie in American society is that houses appreciate in value. In reality they’re just like cars and most houses that are over 30 years old on the books as 250k aren’t worth 50k. The only reason the financial industry and media promotes it as such is so that you’re forced to pay interest on a mortgage and make banks rich.
This guy doesn’t have a clue. Word salad.
Make home prices drop!!!
You didn’t take into account foreclosures, home sale cancellations, layoffs, etc. It’s likely going to be as bad or worse than the last on. The irrational exuberance meter was at a whole new level this time. It’s going to be a mess, everywhere, there’s no area immune like last time.
Start paying. Even the 10years or intrest on what you already owld every sigal person
Homeowners will not sell here. Powell has not a clue what he is doing. If his goal (his genuine goal) is to assist with affordable housing, he just made it worse.
I want to move but I can’t. Im not giving up my 2.9% mortgage!
Almighty God will definitely set everything right now
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