#housingmarket #FederalReserve #yahoofinance
Yahoo Finance’s Dani Romero joins the Live show anchors to discuss the U.S. housing market and how the Fed’s inflation fighting tactics are affecting the space.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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but without the fed bringing rates to zero, this bubble wouldnt exist
“‘brought to its knees” but we dont see any price cuts!?
Prices already down 5 % across Chicago burbs
@Sammy so now a 600k house is 570k….oh wow. lmao
@DA dont beleive everything. Denial is the first step 🤣 you just keep paying interest 🤡😎
@V Mtl prices are only gonna go up.
They just cutting those over value prices
Bullshit wording choice…. homes still overpriced.
Word!
My neighborhood down 25 percent
25% drop From the 2020-21 insane price, it is now back to normal.
Lol, what knees are they taking about. Housing needs to drop at least by 50%
big correction needed or people simply won’t buy houses at a certain point…hard to sell when you have no buyers.
These youtubers click bate chasing keep saying crash and yet prices are up still this year.
you are absolutely right
When we had inflation in the 70’s and the Fed raised rates the housing market barley lost any value. What we need to reduce prices is more houses and the fed is making the decision to destroying supply! Builders have stopped building
Yes my housing stock went from $30 dollars to $2.99 But sure I’ll have some dip!!!
LOL
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Buckle up buttercup three years of depressing news.
millions of layoffs, 50+% home price drop. Rough times brought on by generationally bad policy.
yep and yep
Over hyping nothing at this point… Prices haven’t even begun to go down yet…
We need the plebs to suffer as much as possible. All I hope is that rich people are safe and secure at the end of the day.
Why do these reporters talk like it’s such a gloomy time and that we shouldn’t be raising interest rates blah blah blah… Do they understand how much of a growth period we had during the so-called pandemic? Housing appreciated by 30 to 50% in multiple markets across the nation! it’s not sustainable, let the fed keep being aggressive!
Because it affects people with a mortage!
@Gabe Mendoza not if you have a fixed rate mortgage…only those who are currently trying to qualify for one or those with adjustable rate mortgages.
@Ali C
You should understand, too, when The Fed acts aggressively, it doesn’t just affect the housing market. Mass unemployment, car repossessions, and declining home values is our projected path. The debt burden businesses and individuals hold is going to hurt……… a lot.
@Ali C
All type of loans will go up in interest payments. Lots of people won’t have the wages or savings to pay them off. We’re fucked, in other words.
“Woa! Price dropped 10k!!!!”
They did it to themselves. They’ve made it where a lot of people cant afford a comfortable life in this country.
Yup, and when it all gets destroyed: Too bad for them.
More like it’s being brought to its hands and knees and taking it up the keister.
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+1623🇺🇲
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Inform her I referred you 👆👆
@Oscar Simeon Thank you for dropping her tel, I just wrote Mrs Gabriel Anna and she responded nicely
Wasn’t an everybody & their ancestors saying housing prices would keep rising ? 😂 saw this coming years ago
OMG, “brought to its knees???” – cooling but not crashing at least in Western WA. We still see 4%-9% YoY appreciation, not even running negative yet. Typical sensationalism from news outlets.
Tis the season for cash buying & creative financing–in both residential & commercial markets! 🤑
🤣🤣🤑🤑🤑🤑
Are you kidding me? There is nothing typical about these housing prices. They are way too high. I applaud the Fed for stopping this foolishness with interest rates. Go Fed go.
Until your company’s bottom line gets hammered and lays you off.
@B N lol exactly 🤦 “Govern me harder much”
If we don’t destroy price levels, the middle class will disappear and we will all be relying on the government for everything. Take the pain now for out children.
So , if you take a mortgage at the age of 30 you have to keep working nonstop to the age of 60 ( almost the end of your life) in order to pay your debts , so this means you didn’t enjoy a simple life just you were a nonsense slave. Try to find a way to be really a free person !
Another clickbait to lure people to buy homes by scammy realtors. It’s hardly dropped any. Wait for another 20 to 30% drop before buying. There’ll come a point when house prices are low and interest rates are low.
By 2035 yea
How would a rise in interest rates increase a typical mortgage payment? I thought the rate was fixed for 30 years.
The rise in rates isn’t referring to borrowers that currently have a fixed rate mortgage ( meaning, if you bought your home in 2018 at a fixed rate of 2.25%, for ex, your rate will stay the same for the duration of your home loan). It’s applicable to new home buyers, those that want to refinance or those with an ARM ( Adjustable Rate Mortgage)🤓
In addition to the other comment. There are some (though i wouldn’t recommend it) that choose to go with a variable rate. This fluctuates w the market.
🥱 😴
not just the mortgage rates. I have been looking in Florida and since the hurricane Redfin has adjusted the insurance estimate. It has now doubled. In two weeks the house I was eyeing increased in cost by 700.00 a month. I come from Massachusetts and never thought Florida would out price Massachusetts and it just happened.
Why don’t you talk about how real estate prices got so high in the 1st place. Is it that these folks don’t know much or are they put there to lie to their viewers. Invite me on and I’ll be happy to enlighten the hosts, guests, and audience.
Why don’t you talk about how these mortgage rates are normal rates, and how the Fed failed to normalize in a timely manner. The ignorance of these folks is unreal.
It’s a normal rate, but inflation has bloated the price of a home.
So you get alot less for alot more money. It’s to expensive.
moron reporters, they talk about interest rates going up and then talk about how everything costs more i.e. inflation, its like they want want cheap interest rates and cheap prices LOL
It doesn’t matter how big a BUBBLE grows…. It ALWAYS pops 😈😈
Good! Were these two so concerned when housing was going up 20% year over year? Unlikely.
Let it drop!
Fed propped up the housing market to artificial levels with almost free money….none of this is shocking lol…..they are trying to fix but they can’t and probably won’t….all the buyer’s whom over paid by 200k for a house also to blame many of my clients are in this group lol who knows what will happen now but if goes higher they’ll pricing out 90% of America….good luck with that.
The housing market is not dropping or brought to its knees. The housing market had been abnormally pumped by the hot money during 2020 and 2021. Now it needs a big “correction”.
Exactly. The drop is from the 2020-21 peak price, it just went from insanity to normal. But homeowners are delusional to think price will continue to rise 10% per year.
I wish more people understood that a correction in the market was inevitable cooling is no where near a collapse.
Sell REIT etf puts and make 100$
it is the federal reserves fault, but not because they’re finally FINALLY normalizing rates. it’s theyre fault because they made money free for the past 14 years. and we were too dumb to be responsible. the reckoning is upon us.
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I would much rather see a natural healing of the real estate market by allowing builders to be encouraged to build more homes due to high returns on investment rather than artificially crushing demand with higher interest rates.
Does housing demand really go away when interest rates rise? It doesn’t really go away, it is simply delayed. What encouragement do home builders have to build more homes when rates are too high for people to afford those homes?
Let the market heal itself. What a marvelous thought! Oh no, we can’t do that. It would be too painful, and plus we’re so smart that we can create a soft landing.
J Powell said he would like to see more improvement on the supply side. How can we expect improvements on the supply side if suppliers are not encouraged to create more supply? Rather suppliers are discouraged from creating more supply by increasing interest rates.
they want people to save money by making them pay double the interest rates on their loans. increasing interest rates does not lower gas prices, housing cost, etc.(inflation). increasing oil production(supply) will lower gas prices, and increasing home building(supply) will lower home prices. we got too many dumb people in charge.
By How? Still the house price is 30 to 50 percent high from their pre covid level
Home prices are still way too high and it’s not budging much.
The home builders have been screwing over home buyers. Homes are not that expensive to build.
Ya right, inflate the prices beyond 100 percent and couple of percent down and its already on its knees? Haa
I could care less about housing prices, they are in a massive bubble anyway and need a 30% correction or better.
Inflation skyrocketing is the real problem.
Right now the middle class is losing over $8k a person per year due to corrupt governments out of control spending.
Add onto that retirement accounts getting hammered by both inflation AND recession. Stagflation baby.. we need fiscal conservatives in office to cut corporate taxes to stimulate growth and slash Government spending like crazy to free the economy back up. Opening up drilling leases and permits would be a good first action too.
Let’s go Brandon.
Is this Onion News?
The current capitalization rate of a rental property is 4.85%. Investors can get that rate of return from a short-term bond, which is a much safer and much more liquid investment. Investors who are still pouring money into housing are going to lose their shirts.
Housing prices need to drop by another 30-40% world over. Fuelled by abnormal profits from cheap debt the speculators had inflated the house prices beyond means of ordinary people. Housing is one of the basic necessities and should not be seen as a mode of profiting. The speculators should bear the brunt of loses and then they will learn this lesson
What’s the point of a 20% discount on a house if you’re paying 40% more in interest?