Strong spring demand for housing is reheating prices which have been climbing every month this year. CNBC’s Diana Olick has information for homebuyers in this confounding market.
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#NBCNews #Housing #Market
some group of people complaining about inflation and the same group just couldn’t stop spending to fuel the inflation. you wonder why they’re always in financial trouble at every economic down turns…no financially responsible people would take loan with historical high interest rates !
My house in 1990 was at just over 10%. It was major motivation to pay off the 30 year mortgage in 13 years. I worked two jobs and overtime. Sometimes you just have to MAKE it happen.
@eckankar My motto is work smarter, not harder. Make it happen doesn’t mean do it like a headless chicken just jump in. The difference between gambling and investing is investment is you take a calculated risk, the reward has to outweigh the risks. now is the worst timing to take on a mortgage so many uncertainty and 30 year fixed rates ! Fed is expected to lower rates next year. Even 2% difference in interest over 30 years is a lot !
spending doesnt cause inflation
*BORROWING* from a bank causes Inflation
you should have passed that high school *ECONOMICS* class
It’s actually financially wise to buy at a time of high interest rates. You can pay way less for the house than you would otherwise, and then refinance once the interest rates come down.
@Yg T you’re just copying and pasting stuff off google. No idea how money works.
Love that girl looking for home with her 420 shirt XD
She’s keeping it real. 💨
She’s probably going to end up paying 420 if she wants a shot at that house, too
I was thinking, “She’s a dealer.”
your better off traveling the world and living in a box.
they have youtubers who live in a van and do that lol
Whats scares me the most is the government defaulting on its loan/ debt.
If that over-dramatic sideshow is your biggest worry, you need to get a life…….😐
@Ryder it’s like a soap opera with less busty woman and guys named Bo
@Tony Alston 😂
Op, you aren’t cut out for this life? Get on with it!
@ddellwo its not a side show like it was in 1970s 1980s 1990s 2000 or 2011 this is post pandemic era with events not seen in nearly a 100 years you can list 15 crazy things on your fingers from 1st president in 200 years getting charged to money supply falling at fastest rate since 1932 to the red raising interest rates into a recession for the 1st time since 1929( 1970s inflation era they were raising rates but not into a recession) theres good reason to believe theres a higher chance then ever before for the defult you should know better
🙄 We have to face the facts and realize that this isn’t normal. The market needs a reset but it looks like the whole government might make that a reality
8 billion people on a planet that can’t support that many. We need massive family planning or this will continue for generations. The planet is fighting back what such a huge population has done to it.
Too much funny money injected into the economy during covid for that to happen
You have to face the facts that you will live on the street 🙄
You will own nothing and you will be happy by 2030
@James Locklear so tired of that quote…everyone states it, over and over, like they themselves have a bright idea.
I don’t know how people afford rent, mortgages, or anything. I’ve come to accept that a may end up living in a vehicle, eventually.
I lived in a car first then had enough for a house
If you own land, just buy a manufactured home and have it delivered. They got some less than 100K
if you don’t own land, go swim in the ocean as far as you can. That’s still free!
Manufactured homes are garbage. They are a glorified camper!
@Joe Schmuckatelli they charge for drowning now so be careful 🤷♂️
if everyone has to pay someone else for the right to live indoors, why am i not in the line of people receiving money? I have a right to one eight-billionth of this planet. that tiny slice already belongs to me.
Your slice could be in the middle of the pacific and I pretty sure Whales don’t pay rent
You don’t have right for $hit. No free lunch in this country boyo~ you gotta earn it. I guess your parents didn’t teach any of reality? ??? Smfh
reuters made a report usa overvaluated the ukraine weapons with 3 billion , money with wich they could buy queen elisabeth balmoral palace and still have money left , and how could they afford such luxury especialy on this usa crysis.
Stop giving Zillow credibility. They are a business. They would never say anything thall hurt their profits. Theyve flat out admitted that their “Zestimates” are purposely over inflated.
Very well said!
My house in 1990 was at 10%. Super motivation to pay off my 30 year mortgage in 13 years. Working 2 jobs and over time. Knock yourself out working while you’re young, have the stamina and able to do so, as you get older it’s tougher. Buy and pay off that house as soon as you can.
@eckankar Sounds like you are living in the past if you think things are just as easy as they were in 1990
@Rust Exactly WHERE did I say it was easy in 1990? Quote me, you can’t, you just hallucinated I said it was easy. You are delusional. I worked 60 hours a week for 20 years to buy a home and pay it off.
@USV but if you lost your job and at 15 year mortgage you own higher monthly payments. at 30 year and paying more on principal, should something happen, you can back off to the minimum payment. You take a big risk you can make it taking a 15 year mortgage. If you have secure income it is great, but ‘what if’ happens and you got to prepare for it.
The soundest advise I’ve heard in a long time.
@USV No, do 30, but force yourself to make payments as if 15.
The “American Dream”.
Work all the time
Be Broke all the time
The main problem is nobody is building affordable homes anymore most builders are only building huge mansions
The only companies building affordable homes are the ones who rent them out at jacked up rates haha
That’s part of the issue. Another issue is developers buying up houses and renting out each room at absurd prices. And then there are the private landlords who bought up cheap houses during the pandemic and now rent those houses out at absurd prices. And then there are the Air BNB people. And then there’s the fact that we lost a lot of construction workers during the pandemic (and during the last housing crisis). Housing supplly isn’t keeping up with demand.
Pretty soon this little landlord bubble is going to burst.
@Lyra Serpentine absurd prices? I don’t know what you smoke but I bet you smoke good stuff cuz you are talking completely nonsense smfh
That’s a lie. The market is collapsing. Polling shows this is the worst time to buy.
Corrupt corporate media, never telling the truth, just telling you what to think about.
more troubling the people here in the comment section you can sum up that most dont think homes are going to be much more affordable in 2-4 years blows my mind yes we dont have the risky loans like in 2008 but we have 15 crazy other things we can list on our hands this time. people forgot we were suppose to have a great depression in 2020 but the goverment stepped in. 2020 was worse then 2008 but was injected with all government intervention that we had a 60 day recession its a joke and real pain is coming . maybe im wrong , but most people even in the comment sections on these types of videos dont see a huge change coming i guess they are brainwashed of low supply affordable morgages and low unemployment… m2 money supply is falling at the fastest pase since 1932
Back in 1998 I bought my home which I still live in for $85,500. Why on earth would anyone pay $500,000 for a home.
because its ither that or spend 36,000 a year to rent one…
Because of inflation. I don’t know if you’ve looked around recently but it’s gotten pretty high.
Uh, these days, regarding most people – because they’re not the brightest stars in the nights sky.
Because we don’t have much choice. They keep raising rent, cost of living co tinued to rise and salaries are not keeping up. Sure raise the minimum wage a bit but raise the cost everything else by a bit more, gave the Average Joe think he’s better off with more money but the power of that money is now less…leaving the them poorer with more more money. Getting more money if futile if you weaken the spending power of that money by much more.
Amelia is looking for a garage so she can work on her motorcycle……..😐
Home ownership for most except the rich, will be in the past soon.
They’re doing the same exact thing that took place in the early 2000’s. Selling homes worth 200k for 800k. Let’s just keep repeating the same mistakes and hoping for a different outcome, right?
No joke. I really am proud of what our country has accomplished in the past.
But I don’t like what people are doing to America right now.
Childish people, putting normal Americans in this situation. Because they don’t have the intelligence or empathy to do the right thing.
It’s all money and ego.
@Eks Bocks “Childish people”?
@Eks Bocks next homeless crying baby please smfh
Some own hotels and golf courses in many lands yet pay taxes in none.
How are they affording these payments???
My wife does data for aml I am a company trucker. together we make about 170k- 190k a year. 300k is affordable if you’re a little ambitious in your career
People have money. Idk how in this economy lol.
This is complete B.S. Most anyone who buys a house right now will see taxes, insurance and maintenance continue to increase while equity will be stagnant, or in many cases, go under water. Asinine.
Who needs equity when I can start a marijuana grow in my basement 🤷♂️
@Tony Alston Just make sure it’s in an illegal state so you make money. Lol
I don’t know how, when interest rates are high & basic needs are high.
Just shoplift like I do to offset the cost of living increase
This is not 80s anymore dude. Interest rate doesn’t mean much in the current economy. Kick rocks boyo~
nothing can stop the BIDEN ECONOMIC MIRACLE
remember ..
it was just 3 years ago they printed up the *trump* *stimulus* *checks* ..
mailed out to the 14 million newly unemployed
Enjoy the moment
Life is beautiful
Whoa, how your built backwards.
Thank Biden for paying 50,000 plus more than in 2020 lol. Same house same neighborhood. Enjoy your affordable housing.
Let anti-government Kevin McChicken default US, he’ll go down in infamy like 12/7/41, 9/11/01, 1/6/21 & 6/1/23 as weakest House Speaker in history book
We need no interest loans for migrants
WOKE…WOKE…WOKE
What
I blame joseph robert biden
This is FAKE NEWS.
People can only only wait it out for so long. Of courses, prices are going to go up. So much for the recession that the Fed geniuses were trying to create. Keep it up, Fed.
Go ahead buy. I got my place at 77k and not selling for 💩
Interesting how all financial experts say that the housing market is about to crash but NBC is coming out with this story that prices are increasing. I dont believe it. Inventory depends on the area. This news story has so many errors/ generalizations.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Boca Grande area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
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Prices are going down here in San Diego. Not by much but down from last year.
The US needs to build more single-family homes, yet, builders are building more apartments or multifamily homes
Wishfull thinking does NOT make it true.
News media trying to create intrest.