Existing US home sales drooped to a 13-year low in October. National Association of Realtors (NAR) Chief Economist Lawrence Yun breaks down the unique set of circumstances weighing on homeowners and sellers in the US housing market.
“The challenge is that with higher mortgage rates, it’s really hurting the first-time buyers from entering the market. First-time buyers, comprising less than 30% of all transactions, it should be closer to 40% in normal circumstance,” Yun tells Yahoo Finance Live. “So we have a divided market: homeowners doing well, yet the potential homebuyers, renters who want to be part of the ownership society, are struggling to get into the market.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live
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Realtors got together and are controlling home prices! Families can’t compete with Corporations, it’s now the Eron of the house market! Interest rates MUST GO UP IN ORDER TO SAFE THE AMERICAN DREAM OF OWNING A HOUSE.
You can own a Boxabl home for only $25/month
The economy is going to crash worse than the great depression. And the house market is about to crash worse than 2008. Your fortune has been told.
No
Mr Flipper here, we don’t need more inventory 😂
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
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True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
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