The US housing market is in BIG trouble. Mortgage rates surged to a 23 year high (the highest since late 2000). Due to this jump in mortgage rates, for someone looking to buy a $400,000 home putting 5% down, it will cost them a whopping $1,070 more per month today compared to two years ago
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Orphe Divounguy, Senior Economist at Zillow, discusses the outlook for housing demand and mortgage rates. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures
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
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
The Housing Market Is Shifting with Housing Affordability Reaching New Lows while both house prices and mortgage rates reach new highs. Should you buy now or wait for a housing market crash? In this video, we discuss the idea of buying a home now versus renting a house along the pros and cons of each
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
The Housing Market Is Absolutely Confusing With Mortgage Rates Mysteriously Surging Back Toward Long Term Highs While Inflation is Moderating and The FED Is Pausing Interest Rate Hikes. At The Same Time We Have Employment Showing Signs of Easing But Bond Yields Are Hitting Multi Year Highs In this video, we discuss all things housing
Mortgage Rates EXPLODE to New High | Housing Market Update 0:00 – Intro 4:00 – Market Update 15:30 – Video 1 Dallas Form Fed 29:00 – Video 2 Rate Cuts
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
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
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
So how much money can you make as a real estate agent? Here is a breakdown of my income my first year in real estate. – – – – – – – – – – – – – – Want to become an agent? The Real Estate Licensing Course: Real Estate Express Course: https://trk.realestateexpress.com/?a=14941&c=1339&p=r&s1= Interested
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