Bank of America (BAC) economists say that today’s housing market is reminding them more of the 1980s, not what the U.S. saw in the 2008 financial crisis. The similarities the economists point to include high inflation and high interest rates. However, there is one key difference between the market of today and the market of 40 years ago. Yahoo Finance’s Dani Romero explains what it is in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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In a world where the value of the dollar is likely to fall, housing prices will remain strong.
I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement
HOW !! I know it’s possible , I would appreciate if you show me how to go about.
Run a quick online research with his name
He’s Active online through his website.
Bot
And how much did homes cost again?
1987!!!!!
Housing bubble is crashing so bad!!!! Bank are selling mortgage loans to all bidders just to cut the lost. Source – I work at a bank 😅
As a janitor?
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duh… guess what banks do… they make mortgages… bundle and sell them to create new cash… to loan.. you do realize that is how banking works.. they rarely hold debt long term.
Skip to 2:08 to avoid the fluff and get to the point.
Mortgage Debt to Disposable income 65% sounds high to me.
inflation is down… and interest rates are not historically high… they are above average by .5%… roughly. real estate is again over valued… people taking loans out on properties… then moving out… and renting them… my first loan was at 8%… the biggest impediment today is the down payment.. 90% don’t have 30 or 40 thousand dollars saved for buying a home…
Only families with wealth can help younger people pay for their homes, the cycle never ends, the same families stay upper middle class in perpetuity generation after generation.
Soulless fiend. How much are you getting paid to spit out this narrative you clearly don’t believe or know is clearly false.
i cant believe most of you in the comments are fine with bank of Americas “prediction ” the sheep
we got some key indicators for the 1st time as of 2022 that we havent seen since just before the great depression but ooops we cant say that. Shhh