#housing #FederalReserve #JeromePowell #yahoofinance
This segment originally aired on December 28, 2022.
SitusAMC Managing Director Tim Rood joins Yahoo Finance Live anchors Seana Smith and Jared Blikre to weigh in on the state of the housing market and how Fed policy has impacted mortgage rates.
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Mortgage rates still relatively still too high bring it down by 50% and people will buy
Instead of stopping the war in Ukraine and lifting sanctions on Russia, the FED/the-government want higher unemployment and higher interest rate
@coz2 j they can only stop the war by helping Ukraine defeat Russia
@Thomas 👀
@coz2j69 our fed znd our gov cant stop the war. However it will cost us MUCH more than what we are putting into Ukraine if Russia wins
@Jessica Bixler Explain how Ukraine can win the help of the government when the government do not want a direct won with Russia
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Need higher rates
The Fed is spot on! We need higher Interest rates. Yes they did not react early and decisively enough but without continuing their tightening we would be in worse gloom and doom. And the gamblers with cheap money of the past, who got the prices and values of everything especially real estate over 30% in less than two years could as well loose.
So regular people need to have their wealth destroyed while the government expands the money supply to support 1.7 trillion in pork barrel spending?
@The Night Shift do not worry. The gov will get broke. All parties will have to get in to it. That will be another story.
But when equity firms, wallstreet and others were spending 100s of billions driving up home prices so fast and furious that the majority of the population couldnt even afford one, you all were loving it.
He told us they were going to crush it!
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Powell is doing the right thing. The interest rates should be increased to 7 percentage.
Prices are insane
10% minimum
This is good news! Prices need to come down. This needs to continue well into 2026, even 2027. If not for yourself, do it for your kids chance at affordability. Gone are the days where equal pay, and hardwork pay the bills. It’s a rigged world. The only choice we have as millenials, is to make boomers sweat. Attack their assets, and savings. Purchase no real estate, keep tanking home prices. Drive prices down so future generations won’t get caught up in this ponzi scheme to fund boomers savings. What we’re (millenials) doing is working. Prices are dropping fast, and if trends continue, we’ll be where we need to be by 2024, 2025.
Don’t matter goes to zero now if people got NO JOB buy what
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How is this a gamble, the politicians have nice warm / air conditioned homes. They could give a hoot or toot about the poor folks and their kids.
The FEDS are not as smart as they think they are.
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This guest is spot on
“If you are not willing to risk the usual you will have to settle for the ordinary.” _Jim Rohn
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What a useless and misleading interview
Powell is doing a great job. Housing prices must fall 20-25% at least from here on. We want steady growth rather than quick rise and fall and for it to happen, prices must fall now.
Rates to 10%. Housing gets crushed.
The home investor or the seller might don’t wanna to hear this but All we want is an offerable price so the Rate must go up up up… it is turn for buyer game, Not just always a seller game, it is more fair to take turn to play.
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More trashy pro banker propaganda from yahoo.
I was driving today back home from work in TAMPA, FL, and nearly every street intersection was crowded with HOMELESS people begging for money…DR HORTON just increased the prices about 8% for summer home delivery comparing to the homes to be delivered in March 2023. They sold entire community for the Hayden model in Plan City, FL in a month to be delivered in March-April. There were like 10 HYDEN model homes available in November when I visited the site (priced at $365-375k, still about 50% higher than the same home sold on beginning of 2020 in similar nearby community). The HAYDEN model prices jumped from $365k to $395k – I hope they find customers.