#realestate #youtube #mortgage
This segment originally aired on May 12, 2023.
Zillow Senior Economist Jeff Tucker joins Yahoo Finance Live anchors Akiko Fujita and Seana Smith to discuss how debt default will impact the housing market, mortgage rates, pricing in the housing market, and housing inventory.
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Interesting. Thank you for your advice.
If the us defaults on its debt ceiling. 8.4% nterest rates are the least of our problems
I know right? These so-called “analysts” I just cannot comprehend…
Propaganda to attempt to increase home buying demand. No way the US will default.
There is enough money coming in daily to pay the US debt payments and SS an medicare, don’t be fooled by the tax and skim Dems.
Next year should be fun
Have to comment on this … I find it astonishing when he talks about the impact of a U.S debt default on interest rate but not mention a word about housing price. Zillow has too much skin in this game – they own a lot of housing inventory, a housing market downturn would mean Zillow goes under the bus, kinda remind me when Lehman Brother’s analyst came on CNBC telling everyone housing market was safe and sound just before they went belly up.
It might just be the sign of things are coming …
You are absolutely right😂don’t trust them.all the indicators shows the down turn of economic just matter of time, don’t buy something that is overprice 🙌
It is a pure scam.😂 Zillow is pushing people to buy so that they make money. The best thing is that people refuse to even look at houses with outrageous listing prices. I’m not a fan of AI in general but I do hope people like him are put out of business. There is no need to pay him or an “agent” 6 percent of the sales price of a home. Zero.
🎯
This is just fear mongering. Quick! Buy now because it may not last long This is the strategy of every scammy sales person. The listing prices will only go down when people refuse to pay outrageous prices. This is not an unbiased journalist but a person who profits when people buy homes.
The way he talks the house will end up owning you; you will be a slave to paying for it.
Think twice before buying a house. 1) Property Taxes 2) PMI on your loan 3) HOA monthly fees skyrocketing due to inflation and they will never lower them 4) Maintenance and Repair on a house is expensive. 5.) What is your exit strategy? It costs a minimum of 10 percent to sell a home. That means the sales price of your home has to increase by a minimum if 10 percent to just not lose money.
Real estate agents are greedy sobs for charging 6 percent. Everything is done online. And if you get sued, they will not answer an email. Their contracts are written to push all of the respinsibility onto the homeowner.
Buy buy buy! Pay whatever it takes money is no object!!!
I wouldn’t recommend that 😂
Yahoo Finance TV has the worst anchors and the also very uninformed guest (lightweight)…Anchors never ask relevant questions especially their anchors they are so bad it’s painful to watch
First time home buyers are a thing of the past
LoI lies don’t buy anything
More FOMO spreaders on yahoo finance!
Jeff Tucker.. the zuckers are the ones who eat his narrative.
“Innovation distinguishes between a leader and a follower.” -Steve Jobs
I would definitely not be investing in property right now. Bitcoin is the obvious winner for 2023, 2023 and 2025.
Bitcoin outperforming every comodity in the world. More banks on the verge of collapsing its obvious more people will be putting money and holding it in Bitcoin.
I wouldn’t even want to keep pounds, USD or Euros right now. Bitcoin is all i am comfortable holding
Bitcoin
A big recession..house value will be down at least 25%
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Zillow wants FOMO. Shocking…lol
yup
Exactly
I wish the media and youtubers would just stop referencing these guys. It just gives them credibility and in a way is free advertising for them.
Being vaccinated will solve all those problems
😂😂😂
fuq the government and Fuq housing its near impossible for the average person. It’s like we don’t deserve to have a home for our families
I’ve seen more cash deals very few are taking on loans. unfortunately the middle class is getting hammered and are not able to afford the increase in rate and high prices.
10 days to sell a home is not true and depends on city and neighborhood. In most states it takes at least 30 days to sell. Not true Prices are not going up but down due to high interest rates and home prices which have not come down from 38% increase in 2021 to 2022!
Anyone buying a home in 2023 is not paying attention..
Or perhaps they are looking long term.