#youtube #stockmarket #news
With 30-year mortgage rates sitting high above 7% and mortgage applications slowing significantly, when — and where — will prospective U.S. homebuyers find relief? Redfin (RDFN) CEO Glenn Kelman sits down with Yahoo Finance to explain the factors squeezing Americans out of the housing market, including the combo of elevated mortgage and interest rates, and noticeable regional and generational trends for homebuyers. “Chicago is doing better, Florida is doing better, Texas has mostly been doing better,” Kelman says. “It’s the West that’s really struggling, and especially Oregon and California. People are fleeing high-tax states and that trend has mostly not reversed.” 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 other news water is wet 😅
We have made history with unaffordability!!!!!!!!!!!!!!!!!!!!!
Houses are not affordable because of years of QE and low interest rates. QT and high interest rates are the only way out. The feds need to stop backing mortgages unless they are used for primary residence 🤷♂️ Speculation needs to be routed out of housing.
Well said , these are at private money prices so they’ve dissolved the leveraging window – it’s forced many investors to start utilizing blanket portfolio notes.
It blows my mind that this dude’s a professional in this industry. This is IDENTICAL to 2008, but we had over a year of stagnation before unemployment skyrocketed. THAT’S what caused inventory to surge and prices spiraling downward, but it took close to 18 months. It’s 3rd grade math, the consumer can’t be anywhere NEAR this overleveraged and indebted without having recessions that nearly rival the great depression. We’re 30% worse off than the 2007 bubble peak apples-to-apples (inflation-adjusted – relative to median US income, which are the only numbers that ever matter).
Cant wait to sell my house going into rate cuts and buyers start bidding wars
People need to start applying for habitat for humanity homes
Oops I guess that was the always the intention. A nation of perpetual renters and slaves would be best for the US. Hopefully most of these migrants coming in will work for less than minimum wage
Biden’s America.
I think it is more likely for BTC, ETH, to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I want to thank you Thomas Easton. For being my source of crypto education, As I am comfortably making 9.5 BTC.
If you stay invested and ignore the market’s ups and downs, you’ll make a lot of money in the long run.
Great information as always mate,🚀💯..You push out the best content! I really want to be part of the community.
My 5.9btc increased to 16Btc in months partnership, gonna stick with Thomas Easton.
I agree with you because I’ve used his strategy in the past and was able to raise a total profit of 10.5 BTC in 6 weeks.
“Redfin will be fine…” The biggest lie ever told on a TV interview, lol!
Fooked