National Association of Home Builders CEO Jerry Howard joins Yahoo Finance Live to discuss the U.S. housing market, mortgage rates, and homebuilder sentiment.
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No s**t you’re about 7 years too late in realizing that. I guess it’s finally starting to work it’s way up to the rich
Thanks… Greedy Corporations!
The governement spending more than they take in and the federal reserve bank collateralizing the debt are the cause of inflation. The Federal Reserve Bank first lowering interest rates to create a boom and then raising interest rates to create a bust collapses the housing market and the stock markets.
Actually, you can thank the current administration for printing all kinds of money, driving up inflation. Also, thank the establishment for creating a pandemic to get president trump out of office. The chaos they created will have you paying for years to come, maybe even a solid decade. Careful who you vote for!
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Banks change $10.000 just for closing cost
Closing costs are generally 10 percent of the price of the home purchased so they are generally a lot higher than $10,000.
No they don’t . That’s including 3rd party closing cost such as title, escrow, taxes etc. Do yourself a favor and educate yourself on basic cost of buying a home, its not hard and its not the banks fault.
@Buffalo Bobby in New York state it is. I have bought houses
@Buffalo Bobby to much something should be done about it
@Shane Davison what the heck? In California it’s usually less than 2% outside of realtor fees.
Rent affordability as well…..
They’re 50% overvalued, which cares if they fall 20% moron!
They created it!
Make real estate great again vote Donald J Trump
You bet! I will be voting to make DJT #47!
Lenders completely killed the new buyers. Who on earth with a normal healthy brain can lend money at 2.5% fixed rate for the next 30 years? They are sole responsible for brewing this bubble. I don’t understand if Fed plays any role in controlling the lenders irresponsible actions.
Finally Yahoo came up with a sensible news. Thanks!!
I expect single digits. This recession will be bad. Electricity, heat, food are too much to pay for so forget the housing market. My electric bill for October, not even winter yet and it is already $400 for one month in upstate New York. People will be freezing this winter.
im starting to wonder that so many people think it wont be bad because its so obvious it will be? i mean we had a pandemic not seen in 102 years and income to asset ratio is at a new record 0.5x more then in 2008
@brian oleson the market will go down soon
@Shane Davison i know this i just cant believe so many people i look at the comments they also dont see anything worse then a common recession people think 2008, 1920,1929 those type of downturns arent in the cards this time despite what we went through. its one thing when the people in the interviews downplay it but regular joes arent worried ether what are they seeing that im not?
Homebuilders are selling overpriced homes that no one is buying. Is that really a “crisis”?
exactly a made up crisis cause by homeowners and corporate greed.
Yet every bill but a houseing bill a American dream yup
Home prices need to come down. Simple as that.
they are coming down? many homes in California are now 15% cheaper just since april
@brian oleson it was just a general reply to the video. I’m aware some areas are seeing cuts. The reductions still aren’t enough to offset the rate increase.
@SirEricDaGoat i do believe homes will not just come down but crash a back 2 back housing crash recession because everything is so manipulated and vol ital our debt and an unprecedented pandemic the last time we had a pandemic 100 yrs ago homes crashed and they were not overpriced
@brian oleson I hope you are right.
You think ? 😂
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Oh, they finally acknowledged that, after making the avg monthly payment over $1k with their aggressive hikes. Unless millions of new units are built to accommodate the largest generation in history, millennials, whom are now in their prime home buying years, prices will not go down much. If rates stay high, then prices will ease, but if rates drop, prices will go up. This is a supply and demand issue, and there technically aren’t enough homes for those that want to start families.