Selling Real Estate

Mortgage delinquency increases as troubled homeowners apply for government assistance. Housing market showing signs of unstable times ahead. Link: https://home.treasury.gov/news/press-releases/jy1594 #housingmarket #realestatenews #mortgagerates Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor. Any information provided in this and any of Sachs Realty’s videos and/or descriptions are for
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The housing market isn’t looking good. To make matters worse, average 30 year fixed mortgage rates surged to the highest levels in over 20 years according to Freddie Mac. Mortgage interest rates haven’t been this high since April 2002! Also, the average daily rate per the Mortgage News Daily increased to 7.37%, matching late-October 2022
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BIG NEWS for the US housing market! Homebuying demand just fell off a cliff, dropping to the lowest pre-COVID levels since May 1995 (a 28yr low excluding late-February 2023 when looking at the MBA’s purchase index which is a measure of the amount of purchase loan applications in the US – link below). Additionally, average
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Mortgage Rates SURGING | Housing Market Update 0:00 – Intro 2:00 – Market Update 17:30 – Video 1 Consumer Spending 23:10 – Credit Cards and Affordability Chart 32:00 – Video 2 Housing Market Rundown 40:00 – MLS Access 1. https://finance.yahoo.com/news/us-housing-market-hits-record-010954533.html 2. https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx 3. https://www.cnbc.com/video/2023/08/11/the-feds-insistent-rate-strategy-aims-to-curb-consumer-spending-says-cic-wealths-malcolm-ethridge.html?__source=linkedin*newsmod*HP*video*&par=linkedin 4. https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/ 5. https://mint.intuit.com/tools/home-affordability-calculator/ 6. https://finance.yahoo.com/news/us-housing-market-hits-record-010954533.html 7. https://www.cnn.com/2023/08/10/economy/credit-card-car-loan-pay-failure-pre-covid/index.html
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Real estate investing is no longer near as profitable in this housing market today, as it once was, leading many investors to bail and sell their properties. But this can have some unintended consequences on the broader housing market. Need a Realtor? https://homeandmoney.com/michael/ ====== Like My Sunglasses? Get a Pair https://s.click.aliexpress.com/e/_DlJ2yUv ====== I offer 1
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Houston, San Antonio, Austin and Dallas Texas. Are the local areas I study the most. For correspondence, please email me at: Travis@RealEstateMindset.Org Helpful Links: 1. How Much Interest Really Cost Calculator https://www.consumerfinance.gov/owning-a-home/explore-rates/ 2. How Much Can You Afford Calculator https://www.calculator.net/house-affordability-calculator.html 3. Debt to Income Ratio Calculator https://www.calculator.net/debt-ratio-calculator.html 4. Amortization Calculator https://www.calculator.net/amortization-calculator.html Data Source: #1 https://www.netsuite.com/portal/resource/articles/erp/law-of-supply-demand.shtml
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