The home I purchased in 2023 has appreciated by $60,000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300,000 in the real estate market.
Portfolio diversification is very advisable in the investment plane, well I think you need to get a financial expert to assist you with the best financial goal._
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.
The fiduciary that guides me is Rebecca Noblett Roberts, most likely the internet is where to find her basic info, just search her name. She's established.
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Melissa’s profile appears to be fairly knowledgeable, therefore I must say that I value the advice. After locating her online, I thoroughly read through her resume, educational background, and qualifications, and I must say that they were quite impressive. We have set up a meeting after she replied to my message.
Exactly right, 300 bucks less per months isn't going to make people feel the need to rush out and buy in this uncertain economy with wars all over the globe
No housing prices have kept rising despite the high interest rates. The reason is all supply and demand. Anyone locked in at 3% doesn’t want to sell their house and have to buy a new one at an elevated interest rate especially one that’s nearly double what they currently have. All the while there’s still demand from buyers despite the high costs although it’s probably not as high as it could be. Lowering the rates even slightly will just increase demand because home buyers will go ok I might be able to addled it now, but it won’t fix the supply issue leading to higher costs.
Isn't creating fake demand to run cost of supply up illegal in the housing market, or no? Who is creating the demand , large corporation, or reg Joe homebuyers? Housing is being monopolized, and all it is , is greed.
As a real estate investor for several decades, these guys are wrong. Prices in the covid boom markets, like Austin, Phoenix, Tampa Bay,etc are going to drop by over 20% in the coming years. Austin is already down by 17% since the Q2’22 peak and has at least another 15% to go
@@carriecovey3867 if Biden was indicted 4 times.. Found liable for fraud and sexual assault and defamation AND owed half a billion dollars.. And his trial started tomorrow... I would not support him.. You can't say that about your cult leader.. And what's the unemployment rate? GDP growth? Stock market?
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Except the purchasing power of people back then was far better than today. They were able to weather the storm. I don't know about people today. This is a different animal.
It is more than just the interest rate. The extremely high increase in property taxes and insurance has caused the monthly payments to increase to the point where people will loose their homes.
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Absolutely correct. If rates are lowered, it's going to crash, and if it's held high, it's going to crash harder. Don't really understand why, but it's always happened that way in history (If I were to hypothesize, it's because the market reflects how high the interest rates have been the past 12 or so months.)
The real solution is get a lot more housing built to quench demand. Then prices will be forced to be lowered because there won't as many interested buyers.
Think about this , some of the same houses bought for 20k are selling for 250k. The problem isn't homes ,it's the fact our currency is almost worthless.
@@avenger1212 yes , almost, as of yet you can still purchase goods with it. Trust, you will know when it's worthless, and so will the ones who rely on it and not GOD.
@@MrJoker- yup, you are correct. If you voted democrat, that is why homes cost so much. Quite crying, I could see this coming. If you couldn't, stay off the white stuff. Fjb
Supply and demand…if you could get $250k on a home you bought for $20k 30 years ago, you’d do the same thing. Everyone wants a deal, but no one wants to give a deal
Just imagine that when buying a house it appreciates. So a house bought 30 years ago for 20k can increase to 250k. But keep in mind it was different markets and your salary was different 30 years ago. Kids these days think someone bought a house at 20k 5 years ago while making 150k a year and now it's magically 250k. Lmao keep making numbers up. I bought a house about 20 years ago for about 80 and it now worth 250k. Wish I had kept it. Now I have a house I bought 3 years ago for 120k and it's worth now 160k.
No they didnt, Barbara has said in 2020 that the housing market wont crash and home prices will skyrocket because of covid, and it did. Shes very wise.
Prices can go up, but who is going to pay them? Here in CA a 4 br house is already 2.5 million. So, she thinks there are already 10 buyers with 3 million in their pockets for each home on the market? Who has all this bread?
I'm in Massachusetts and people are insane thinking Biden is doing a good job. I know someone who owns a business a s voted for Biden and his business is on the brink of closing but he's still going to vote for Biden. I the meantime Bernie sanders socialists are taking over our city council members in many cities.
If rates go down, it will also unleash huge borrowing on Home Equity Lines, to access the 37% real increase in household net worth from the end of 2019 through the end of 2022, as determined by the NY Fed in their triennial survey. The spending of that money will boost inflation in a regrettable way.
This is disgusting. I make over 3x. What my parents made combined and still can’t buy a home. This government sucks Stop giving Americans money to other countries. Fix ours first. No excuses you greedy tyrants
@@JeffreyOConnell-g4x technically, many people are allowed to purchase them but can’t afford them and still purchase them anyways. That’s what I was getting at and that’s precisely what we are seeing.
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 64k.
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY! And the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.
It's a fresh concept that some overlook despite its swift transactions, even quicker than SWIFT, providing an advantage over wire transfers. 'Melissa Jean Taligdan' is highly regarded among financial elites in lower Manhattan. Look her up; you'll appreciate it later...
How the hell does everyone just have millions to go buy up all these houses that are 1.1-1.5 million for your average 3-4 bedroom house where I am!? I don’t get it!
Printing money by the trillions - it ends up with the rich eventually - but with the current round of American welfare - it ended up with the rich in about 3 years - now the rich are ready to buy real estate with all the spending by the Biden administration in its attempt to make life "fair."
Sadly it's mostly companies like Blackrock that are inflating prices and taking the inventory. Many localities across the country are banning corporate entities/companes from purchasing home/condos. Read up on it, we wouldn't even have a housing problem if companies were banned from purchasing homes.
IF you are over 62 you get a reverse mortgage HELOC and as long as you live in the house you do not have to pay it back. So I could pay a million cash then reverse $500,000 which pay for the house expenses the rest of my life and when I die the estate can sell the house and pay the feds back.
Everyone doesn’t. The top few percent of earners do, and that is the only faction of America that the ruling elites have deemed worthy of home ownership going forward.
Grim fate? You mean the housing price will go back to normal? Let it crash, regular Americans can’t afford to buy a house right now. The only people who are buying houses are corporations who rent the houses out at ridiculous prices that’s beyond Americans’ monthly paycheck.
The only people not buying houses are the ones who can't afford them. Their are tons of people buying. The poolside will only grow and supply will only go down. Waiting rarely works out. Waiting for a crash will only flood the market with tons of buyers and push the prices right back up.
@@maxpain7197 The N of people still buying may be higher than some arbitrary time in history, but the % of people that can afford them is woefully small. That's like saying, we've always had homeless people, its no different than its always been, however, even if the % of people unable to afford a place to live stays the same, having millions of people homeless, enough to start a new country, is a problem.
The US government is making a ridiculous amount of money on property taxes alone due to the high cost of a home. It's appalling and it should be regulated.....
If rates go down and home prices go up they really counter each other. What people are looking for is affordability in the long run. More and more people are spending 50% of their income on housing or rent. I would keep rates high to help with our inventory crisis in America. I want a president that will focus on making America affordable again.
If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Every American veteran should receive a free and clear deed to a home for their service. Not rats from Central and South America. How about we start there! Anybody who wants American citizenship must first serve it's military for a minimum of 5 years, no serve, no stay, period
You haters only show and prove your ignorance with your elemental reply. There wouldn't be a United States without our veterans. If you have commitment to your country ,you appreciate that country unlike you worthless bums. It's not free, it must be earned, that's my point.
Wrong. Buyers are thin until prices of houses come down. There is little difference in 7% to 6%.. Uts not the interest rates discouraging buyers, is the price of houses. Inventory is the bigger issue.
Lower house prices does very little to change inventory issue, If anything it makes it worse because the current owner gets even less back in equity when they do sell. This is largely a supply and demand issue; people with 3% mortgages aren't selling just so they can buy (generally) a more expensive house with an interest rate more than double what they have.
The prices aren't coming down. I bought an entry level home and refinanced at 3.125%. I get calls an texts from corporations all the time offering to buy it. Blackrock and Vangaurd are gobbling up entire entry level neighborhoods, paying cash from your 401k retirement funds. This is causing a supply shortage. Lowering the interest rate will increase the number of buyers, but wont solve the supply issue. Prices will drive up even further. Best plan for people wanting a home now is to find low rent, and save to pay cash for a home whenever the market settles. Right now the rent on an entry home is about half what a 7% mortgage would be in my area.
So the lending institutions and realtor and everybody else thats putting thier greedy fingers in the pie. The stupid pricing in the housing market. Of course the want it to rise
Rates would have to crash for a "buying frenzy" to come back. Some buyers might come back into the market, but a percent or two drop in rates isn't going to do much to combat the hugely overvalued house prices. And the FOMO effect has cooled and people are taking a much more objective look at the market now. Too many talking heads predicting a return to insanity. It's not going to happen. It's more likely prices stay elevated and return to a more normal year over year increase, which is bad enough in it's own right given the overvalued homes and interest rates. Expect more gridlock IMO.
Bingo! People do not realize that these big investment companies are buying private homes. They are paying thousands above asking price then when the county comes in and appraise the house, everyone's taxes go up. Then the investment company rents out the private homes for double the rent.
I bought a small unit in a duplex about 15 months ago for the sole purpose of living there for maybe 2 years while I stack money on the side/try to earn more money from moving up at work to get something bigger later. Now I'm just kind of hanging onto it until the interest rates go down. I got it at 6%. I remember seeing articles about the rates going back down to 5% by the end of that year and now they're going up instead.
It’s disgusting what’s happening. I’m a realtor and would prefer home prices to go down because no one can afford to buy except certain groups. It doesn’t make selling homes meaningful any longer. I’m speaking from NYC. It’s awful.
It's not just the interest rate. It's the overpriced houses. There is no housing shortage, just an affordable housing problem. Your common home should never be over $100,000. And no 3 bdr home needs to be anymore than 1200-1500 square ft.
You got valid points though Inflation is dilapidating. Quite sad what's happening in the market. Although, even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. The market circumstances are driving me insane, my portfolio has lost almost $13K this month alone, my earnings are tanking. I'd appreciate some financial advice from anyone who knows more going forward.
There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience.
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?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Linda Aretha Reeves” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
@nunya5766 LOL. Ok.. And guess everybody stopped having kids for the last 20 years. And we didn't open the boarder for population growth. You must be from some other planet.
It will only stop the buying. The price of real-estate will still be worth high value. Even if it don't show on paper, population only increase, inventory decreases, and supplies for homes decrease.
There is an impending stock market correction (greater than 10% drop in stock market) that will moderate the housing price increases predicted by Ms. Corcoran or the guest on this Fox show.
The funds rate has nothing to do with mortgage rates. In fact, the Fed could be cutting the funds rate pretty hard, and mortgage rates could continue to go even higher. In January 2008, the Fed has already cut the funds rate to 4.0% (from 5.25%) and mortgage rates were around 5.5%. By July 2008, the Fed had cut down to a 2.0% funds rate and mortgage rates were pushing 6.75%. Despite what the chart says mortgage rates in the real world went higher than that at the peak, and I remember mortgages did not go sustainably below 6% until late 4Q 2010 after the funds rate had already been effectively 0% for nearly two years. Barbara Cohen and this guy got bridge to sell you in Baltimore. This "if the Fed cuts the funds rate, home demand and prices will go through the roof" nonsense is exactly word for word what they were saying in 2007.
Even if there is a cut it will be either .25 or .50max. That will surely qualify more for people to debt but a buying frenzy we saw at 2 % ? Doesn’t make any sense. These experts have their own skin in the game. They want you to buy homes.
I am not agree that prices will skyrocket if the interest rate goes down. A lot of people who has 2-3 houses will start selling because we get a lot of equity build up in houses. However, it is hard to compete with new construction for regular sellers. Moment when interest rates will get better used houses will go back to market.
They are assuming that all of the pent up buyers don't own a home already. It's more likely that people waiting to buy are also waiting to sell which will wash out any price increases. What will drive prices up are first time home buyers. They are stupid if they think first time home buyers are going to come in at 6%.
This guy is 100% correct! I've been saying this over and over. Rates need to go higher or salaries need to increase dramatically and yeah that ain't happening. Sorry if you don't own a home. You're screwed and I hate saying that.
If rates go down, and the market skyrockets higher, wouldn’t that increase inflation? Wouldn’t housing costs , along with rent and insurance, go through the roof effecting all parts of the economy raising inflation everywhere?
My fiancé and I moved bought our first house and both our families said just wait it out the prices are crash right now…. We didn’t listen and bought in 2021…. Best choice we ever made. Now a house that is 500 square feet smaller than ours is 50k over the price we originally got ours for.
How you like that?? They told us to wait for rates to come down so we could make affordable mortgage payments only to tell us now that if we wait for rates cuts then we will be priced out of the housing market. You got to love it!
This guy clearly doesn't understand that we RARELY ever get rate cuts that don't lead to a recession and in recession when unemployment spikes people lose their homes and have to foreclose. Housing prices will come down because we are in prime condition for a recession as soon as the rates start getting cut.
Have to have new home buyers for the market to be healthy and that part of the market is already in crisis. Homes are way way over priced...it WILL correct IMHO it will be an huge correction.
People forget that the economy was propped up by ppp loans and stimulus low interest rates aren’t the only thing. Not to mention the liquidity problems the banks are going through do to commercial real estate
Lower rates will also increase supply of homes from both existing homes and builders. Some are predicting lower rates will actually soften housing inflation not accelerate it
Now prices and rates are not the only problem, add higher insurance and property taxes. This administration has destroyed this country in all aspects 😡
Unless they are living in a 2+ income household. 90% of working Americans are screwed, It has been a 40-50 year snowball reaching this point, & the sell-out political duopoly has been completely indifferent to that doom-spiral for all those decades.
The home I purchased in 2023 has appreciated by $60,000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300,000 in the real estate market.
Portfolio diversification is very advisable in the investment plane, well I think you need to get a financial expert to assist you with the best financial goal._
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.
The fiduciary that guides me is Rebecca Noblett Roberts, most likely the internet is where to find her basic info, just search her name. She's established.
Thank you for this. I'm need for proper quidance, found her webpage and dropped her message already.
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Melissa’s profile appears to be fairly knowledgeable, therefore I must say that I value the advice. After locating her online, I thoroughly read through her resume, educational background, and qualifications, and I must say that they were quite impressive. We have set up a meeting after she replied to my message.
7% to 6% is going to cause a buying frenzy? Housing started to freeze at 5.5%. People can’t afford the house price. It’s not the extra 1% of interest
Exactly right, 300 bucks less per months isn't going to make people feel the need to rush out and buy in this uncertain economy with wars all over the globe
No housing prices have kept rising despite the high interest rates. The reason is all supply and demand. Anyone locked in at 3% doesn’t want to sell their house and have to buy a new one at an elevated interest rate especially one that’s nearly double what they currently have. All the while there’s still demand from buyers despite the high costs although it’s probably not as high as it could be.
Lowering the rates even slightly will just increase demand because home buyers will go ok I might be able to addled it now, but it won’t fix the supply issue leading to higher costs.
They're all disconnected from reality... living in their own little world.
Isn't creating fake demand to run cost of supply up illegal in the housing market, or no? Who is creating the demand , large corporation, or reg Joe homebuyers? Housing is being monopolized, and all it is , is greed.
As a real estate investor for several decades, these guys are wrong. Prices in the covid boom markets, like Austin, Phoenix, Tampa Bay,etc are going to drop by over 20% in the coming years. Austin is already down by 17% since the Q2’22 peak and has at least another 15% to go
Housing is overpriced. Employment numbers are false.
But…but…how is that possible? JoJo the clown has been telling us for years that everything is okay 🤔🙄
Guarantee you that if your cult leader was in office.. You would be singing his praises.. 😂 😂
@@jorgecarrejo and you could to if you’re cult leader had anything he could be praised for.🤣🤣
@@carriecovey3867 if Biden was indicted 4 times.. Found liable for fraud and sexual assault and defamation AND owed half a billion dollars.. And his trial started tomorrow... I would not support him.. You can't say that about your cult leader.. And what's the unemployment rate? GDP growth? Stock market?
Employment numbers are ALWAYS false!
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
How can i reach this adviser?
Amber Dawn Brummit is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It's over for the average middle class family.
@emilo81 it’s not the interest rates that are killing middle America it’s the price of the home to start with.
@@dawnmclees We should have stayed on the gold standard. The fluctuations are designed to short people. On Giant POS Communist Scam
@@dawnmclees you're right, the price is unaffordable.
@@emilo81 so are the interest rates and the yearly taxes.. I am kicking myself for not buying a home 10+ years ago
Thanks for Corporations.
I can’t imagine why Bill Pulte would ever suggest that housing prices would go down or even stay flat.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
The same crap happened under Carter
Except the purchasing power of people back then was far better than today. They were able to weather the storm. I don't know about people today. This is a different animal.
What about Clinton?
Our children won’t be able to buy a home if housing prices don’t go down.
And? Maybe they can strive not to get worthless degrees. Maybe, go to school for something that is useful in society.
Hell I can’t buy one!
Right. We should all get jobs at the steel foundry. Just like Eminem the rapper.
@@bondjovi4595 Is working at a steel foundry a trade? Hmmm.
Why do you're kids matter?
It is more than just the interest rate. The extremely high increase in property taxes and insurance has caused the monthly payments to increase to the point where people will loose their homes.
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend any?
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
With taxes and insurance increases it doesn’t matter what interest is.
We need deflation
I’m almost at the point of having to cancel my homeowners insurance… pretty spooky doing that though
Deflation isn't going to fix the problem
It doesn’t matter what rates do, the inflated housing market will revert to the mean, just like it always has.
Absolutely correct. If rates are lowered, it's going to crash, and if it's held high, it's going to crash harder. Don't really understand why, but it's always happened that way in history (If I were to hypothesize, it's because the market reflects how high the interest rates have been the past 12 or so months.)
No
The real solution is get a lot more housing built to quench demand. Then prices will be forced to be lowered because there won't as many interested buyers.
Let it crash let it crash let it crash
The price will never go down in Ca.
I totally agree 👍
Dillusional
There will not be a crash
Drill Drill Drill maga 20 24
Think about this , some of the same houses bought for 20k are selling for 250k. The problem isn't homes ,it's the fact our currency is almost worthless.
Almost?
@@avenger1212 yes , almost, as of yet you can still purchase goods with it. Trust, you will know when it's worthless, and so will the ones who rely on it and not GOD.
@@MrJoker- yup, you are correct. If you voted democrat, that is why homes cost so much. Quite crying, I could see this coming. If you couldn't, stay off the white stuff. Fjb
Supply and demand…if you could get $250k on a home you bought for $20k 30 years ago, you’d do the same thing. Everyone wants a deal, but no one wants to give a deal
Just imagine that when buying a house it appreciates. So a house bought 30 years ago for 20k can increase to 250k. But keep in mind it was different markets and your salary was different 30 years ago.
Kids these days think someone bought a house at 20k 5 years ago while making 150k a year and now it's magically 250k. Lmao keep making numbers up.
I bought a house about 20 years ago for about 80 and it now worth 250k. Wish I had kept it. Now I have a house I bought 3 years ago for 120k and it's worth now 160k.
These experts were saying house prices will crash right before covid.
No they didnt, Barbara has said in 2020 that the housing market wont crash and home prices will skyrocket because of covid, and it did. Shes very wise.
FJB, this is a complete mess by design.
You're a clown.
Prices can go up, but who is going to pay them? Here in CA a 4 br house is already 2.5 million. So, she thinks there are already 10 buyers with 3 million in their pockets for each home on the market? Who has all this bread?
Theyre realtors... what do you want them to say?
Hey Neil, you got what you voted for. Elections have consequences.
You know your doing the "", RIGHT*" Thing when u tube is deleting everything in sight. 👈😆😃😄😃
You know Neil voted for Biden!
I'm in Massachusetts and people are insane thinking Biden is doing a good job. I know someone who owns a business a s voted for Biden and his business is on the brink of closing but he's still going to vote for Biden. I the meantime Bernie sanders socialists are taking over our city council members in many cities.
ABSOLUTELY! WAIT AND SEE WHAT RATES WILL BE IF WE ARE UNFORTUNATE ENOUGH TO HAVE ANOTHER BIDEN TERM!
If rates go down, it will also unleash huge borrowing on Home Equity Lines, to access the 37% real increase in household net worth from the end of 2019 through the end of 2022, as determined by the NY Fed in their triennial survey. The spending of that money will boost inflation in a regrettable way.
This is disgusting. I make over 3x. What my parents made combined and still can’t buy a home. This government sucks Stop giving Americans money to other countries. Fix ours first. No excuses you greedy tyrants
Mortgage rates need to be 10% plus.
How you come up with that?
How can house prices keep going up if people can’t afford to buy them?
Amongst all the buyers sitting on the sidelines there's always somebody that can afford.
Supply and demand…tale as old as time
Obviously many people can afford them. Sorry, not everyone works at Taco Bell.
@@JeffreyOConnell-g4x technically, many people are allowed to purchase them but can’t afford them and still purchase them anyways. That’s what I was getting at and that’s precisely what we are seeing.
@user-qp6wm4bg1i
I’d be anonymous too if I went around making dumb comments like you just did
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 64k.
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY! And the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager, but he seems not to know much about crypto.
It's a fresh concept that some overlook despite its swift transactions, even quicker than SWIFT, providing an advantage over wire transfers. 'Melissa Jean Taligdan' is highly regarded among financial elites in lower Manhattan. Look her up; you'll appreciate it later...
Looks splendid. How can I talk to her directly? I left messages and set up a date. Does she accept calls
I think inflation is here to stay also. Before 2001. Rates were mainly at 5-6%. The rates of last 20 years was an anomaly
How the hell does everyone just have millions to go buy up all these houses that are 1.1-1.5 million for your average 3-4 bedroom house where I am!? I don’t get it!
Printing money by the trillions - it ends up with the rich eventually - but with the current round of American welfare - it ended up with the rich in about 3 years - now the rich are ready to buy real estate with all the spending by the Biden administration in its attempt to make life "fair."
Sadly it's mostly companies like Blackrock that are inflating prices and taking the inventory. Many localities across the country are banning corporate entities/companes from purchasing home/condos. Read up on it, we wouldn't even have a housing problem if companies were banned from purchasing homes.
IF you are over 62 you get a reverse mortgage HELOC and as long as you live in the house you do not have to pay it back. So I could pay a million cash then reverse $500,000 which pay for the house expenses the rest of my life and when I die the estate can sell the house and pay the feds back.
There's a lot of upper class earners in the US who can afford it. So they can outbid most of the average middle and lower class consumers
Everyone doesn’t. The top few percent of earners do, and that is the only faction of America that the ruling elites have deemed worthy of home ownership going forward.
The problem is these Corporations buying up houses and raising the prices, Congress needs to pass a law that corp America has to sell off
There is a bill, but they basically shelved it because corporate ownes all the politicians
Expert?
What goes up will come down crash is coming just like in 2008 and 2009
Home prices can only go up if loan rates are back down to 5% 1.5 drop.
Grim fate?
You mean the housing price will go back to normal?
Let it crash, regular Americans can’t afford to buy a house right now. The only people who are buying houses are corporations who rent the houses out at ridiculous prices that’s beyond Americans’ monthly paycheck.
The only people not buying houses are the ones who can't afford them. Their are tons of people buying. The poolside will only grow and supply will only go down. Waiting rarely works out. Waiting for a crash will only flood the market with tons of buyers and push the prices right back up.
No if rates go down, the demand will outpace supply 2-3x. Housing price will go up.
@@maxpain7197 100 percent correct.
@@maxpain7197 The N of people still buying may be higher than some arbitrary time in history, but the % of people that can afford them is woefully small. That's like saying, we've always had homeless people, its no different than its always been, however, even if the % of people unable to afford a place to live stays the same, having millions of people homeless, enough to start a new country, is a problem.
FJB
True dat
Aww, Christians being Christians.
Amen.
The US government is making a ridiculous amount of money on property taxes alone due to the high cost of a home. It's appalling and it should be regulated.....
Blackrock will own akk houses in 10 years
If rates go down and home prices go up they really counter each other. What people are looking for is affordability in the long run. More and more people are spending 50% of their income on housing or rent. I would keep rates high to help with our inventory crisis in America. I want a president that will focus on making America affordable again.
that would be trump!
I’m afraid it may be too late
Been higher with this losers administration
If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Thats not how it works. Noting is selling now, people are waiting for the rates to drop. Who would buy now?
Your crazy if you don't think people are still buying right now.
@@maxpain7197 There's always people buying and selling houses. But it's undeniable that the number of sales happening are historically anemic.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How can I contact your Asset-coach as my portfolio is dwindling?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
We need to raise interest rates to 20% we need to stop people from buying.
Politicians want high house prices because that brings more property tax and that means more spending...It's a vicious cycle.
Democrat black hole spending diluting our dollars and creating relentless inflationary prices across the board is the problem . . .
He is absolutely right. The housing market is forever wrecked in the United States
"prices will continue to go up" lol, at what point does that "expert" think buyers will stop qualifying for loans? The sky is not the limit
Every American veteran should receive a free and clear deed to a home for their service. Not rats from Central and South America. How about we start there! Anybody who wants American citizenship must first serve it's military for a minimum of 5 years, no serve, no stay, period
haha..the govt gives out billions of dollars for foreign aid...but not to us..😂
That is ridiculous, so some army cook or supply administrator should get a free house?? I don't think so
Like who are you fight against? Cut the budget for wars
You haters only show and prove your ignorance with your elemental reply. There wouldn't be a United States without our veterans. If you have commitment to your country ,you appreciate that country unlike you worthless bums. It's not free, it must be earned, that's my point.
Dumbest idea ever
Wrong. Buyers are thin until prices of houses come down. There is little difference in 7% to 6%.. Uts not the interest rates discouraging buyers, is the price of houses. Inventory is the bigger issue.
Lower house prices does very little to change inventory issue, If anything it makes it worse because the current owner gets even less back in equity when they do sell. This is largely a supply and demand issue; people with 3% mortgages aren't selling just so they can buy (generally) a more expensive house with an interest rate more than double what they have.
The prices aren't coming down. I bought an entry level home and refinanced at 3.125%. I get calls an texts from corporations all the time offering to buy it. Blackrock and Vangaurd are gobbling up entire entry level neighborhoods, paying cash from your 401k retirement funds. This is causing a supply shortage. Lowering the interest rate will increase the number of buyers, but wont solve the supply issue. Prices will drive up even further. Best plan for people wanting a home now is to find low rent, and save to pay cash for a home whenever the market settles. Right now the rent on an entry home is about half what a 7% mortgage would be in my area.
So the lending institutions and realtor and everybody else thats putting thier greedy fingers in the pie. The stupid pricing in the housing market. Of course the want it to rise
Rates would have to crash for a "buying frenzy" to come back. Some buyers might come back into the market, but a percent or two drop in rates isn't going to do much to combat the hugely overvalued house prices. And the FOMO effect has cooled and people are taking a much more objective look at the market now. Too many talking heads predicting a return to insanity. It's not going to happen. It's more likely prices stay elevated and return to a more normal year over year increase, which is bad enough in it's own right given the overvalued homes and interest rates. Expect more gridlock IMO.
If you voted Biden / Harris, you voted for this. If re elected, we are all going to be homeless.
Finally. Home values are crashing throughout Florida. Especially condos.
Basically just investors buying while 99% of the others pay rent (their mortgages).
Bingo! People do not realize that these big investment companies are buying private homes. They are paying thousands above asking price then when the county comes in and appraise the house, everyone's taxes go up. Then the investment company rents out the private homes for double the rent.
Barbera Corcron is making statements to benefit her, so is this guy.
How could houses go up in price? With rates up for longer like he said..he is wrong, people can't afford these overpriced homes .
I bought a small unit in a duplex about 15 months ago for the sole purpose of living there for maybe 2 years while I stack money on the side/try to earn more money from moving up at work to get something bigger later. Now I'm just kind of hanging onto it until the interest rates go down. I got it at 6%. I remember seeing articles about the rates going back down to 5% by the end of that year and now they're going up instead.
It’s disgusting what’s happening. I’m a realtor and would prefer home prices to go down because no one can afford to buy except certain groups. It doesn’t make selling homes meaningful any longer. I’m speaking from NYC. It’s awful.
It's not just the interest rate. It's the overpriced houses. There is no housing shortage, just an affordable housing problem. Your common home should never be over $100,000. And no 3 bdr home needs to be anymore than 1200-1500 square ft.
You can’t build a new house for that. Your opinion isn’t based on facts.
Those prices were like that from 2010-2020. So 10 solid years of cheap homes. And cheap rates. Real estate is timing always has been
A very naive comment, from someone who doesn’t have a clue about current hand prices, material costs and 20 years of slow building.
What a stupid ignorant comment
All we need is people to get laid off and sell
When you come to expect “free”stuff you’ll run up cards an file bankruptcy “feeling”entitled. Add that.
It’s over for Americans who aren’t rich.
I was around for the 1987 crash and the 2008 crash and all I know is history repeats itself, so be careful.
You got valid points though Inflation is dilapidating. Quite sad what's happening in the market. Although, even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. The market circumstances are driving me insane, my portfolio has lost almost $13K this month alone, my earnings are tanking. I'd appreciate some financial advice from anyone who knows more going forward.
There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience.
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?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Linda Aretha Reeves” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Inflation is here to stay and house prices will keep going up. If the materials to build are up how can houses to down.
Well and population will only increase. Every day there are new people in the market.
@maxpain7197 nope, we are at zero population growth now, why do you think we have opened the border?
@nunya5766 LOL. Ok.. And guess everybody stopped having kids for the last 20 years. And we didn't open the boarder for population growth. You must be from some other planet.
The fed has no right to and should not be controlling rates.
lol, funniest comment i've seen in a while. thanks
sad to see how doomed America is
time for some doom spending? how about a ferrari?
Rates need to double to stop the "real" inflation rate
It will only stop the buying. The price of real-estate will still be worth high value. Even if it don't show on paper, population only increase, inventory decreases, and supplies for homes decrease.
Build more homes - hire the construction candidate for president in November ------------------- and reverse the border
There is an impending stock market correction (greater than 10% drop in stock market) that will moderate the housing price increases predicted by Ms. Corcoran or the guest on this Fox show.
The funds rate has nothing to do with mortgage rates. In fact, the Fed could be cutting the funds rate pretty hard, and mortgage rates could continue to go even higher. In January 2008, the Fed has already cut the funds rate to 4.0% (from 5.25%) and mortgage rates were around 5.5%. By July 2008, the Fed had cut down to a 2.0% funds rate and mortgage rates were pushing 6.75%. Despite what the chart says mortgage rates in the real world went higher than that at the peak, and I remember mortgages did not go sustainably below 6% until late 4Q 2010 after the funds rate had already been effectively 0% for nearly two years. Barbara Cohen and this guy got bridge to sell you in Baltimore. This "if the Fed cuts the funds rate, home demand and prices will go through the roof" nonsense is exactly word for word what they were saying in 2007.
Even if there is a cut it will be either .25 or .50max. That will surely qualify more for people to debt but a buying frenzy we saw at 2 % ? Doesn’t make any sense. These experts have their own skin in the game. They want you to buy homes.
Don't lower the rates it's the simple.
I am not agree that prices will skyrocket if the interest rate goes down. A lot of people who has 2-3 houses will start selling because we get a lot of equity build up in houses. However, it is hard to compete with new construction for regular sellers. Moment when interest rates will get better used houses will go back to market.
BAN AIRBNB NOW
It makes me furious that failure is when people can buy houses and raise families in them
Interest rates are up, housing prices are up, and property taxes increased by 29% here - but if you live in a hot market, your house will sell.
This country is in a hellhole.
So as a current homeowner all I am hearing is $$$, my house value will go up and up!! Very nice 😊
They are assuming that all of the pent up buyers don't own a home already. It's more likely that people waiting to buy are also waiting to sell which will wash out any price increases. What will drive prices up are first time home buyers. They are stupid if they think first time home buyers are going to come in at 6%.
Bought my first house 20 years ago at 6%
Parents bought their house almost 50 years ago at 13%. Probably should look back on interest rates over the last 50 years.
Yes, but I argue you'll also witness a run of homeowners running to refinance at the new lower rate??
Put a Dem in any position and everything goes in the crapper .
This guy is 100% correct! I've been saying this over and over. Rates need to go higher or salaries need to increase dramatically and yeah that ain't happening. Sorry if you don't own a home. You're screwed and I hate saying that.
This administration has no ideal on how to rectify this problem without hurting the country
This administration has no idea period
The administration knows it has no control on the economy, as it doesn't control the central bank's interest rates. It was designed that way in 1912.
Nobody can afford current prices, sells will go down.
If rates go down, and the market skyrockets higher, wouldn’t that increase inflation? Wouldn’t housing costs , along with rent and insurance, go through the roof effecting all parts of the economy raising inflation everywhere?
My fiancé and I moved bought our first house and both our families said just wait it out the prices are crash right now…. We didn’t listen and bought in 2021…. Best choice we ever made. Now a house that is 500 square feet smaller than ours is 50k over the price we originally got ours for.
If the rates go down, more people will buy. How is that bad🤦🏽♀️
More people buy --> higher demand --> prices go up
How you like that?? They told us to wait for rates to come down so we could make affordable mortgage payments only to tell us now that if we wait for rates cuts then we will be priced out of the housing market. You got to love it!
Glad my mortgage jumped $ 242 this year.
why would it jump if you have a fixed mortgage
@@JaneTheDoe-id2vxproperty taxes
This guy clearly doesn't understand that we RARELY ever get rate cuts that don't lead to a recession and in recession when unemployment spikes people lose their homes and have to foreclose. Housing prices will come down because we are in prime condition for a recession as soon as the rates start getting cut.
Good let it go up in price, what goes up will come down.
huh? are we high as a nation? i’m not paying for expensive houses and not buying at high rates
Have to have new home buyers for the market to be healthy and that part of the market is already in crisis. Homes are way way over priced...it WILL correct IMHO it will be an huge correction.
People forget that the economy was propped up by ppp loans and stimulus low interest rates aren’t the only thing. Not to mention the liquidity problems the banks are going through do to commercial real estate
Lower rates will also increase supply of homes from both existing homes and builders. Some are predicting lower rates will actually soften housing inflation not accelerate it
Barbara is 100% wrong. We aren’t waiting for interest rates to go down, we are waiting for home prices to go down.
Now prices and rates are not the only problem, add higher insurance and property taxes. This administration has destroyed this country in all aspects 😡
Unless they are living in a 2+ income household. 90% of working Americans are screwed, It has been a 40-50 year snowball reaching this point, & the sell-out political duopoly has been completely indifferent to that doom-spiral for all those decades.
If rates are lowered this year, it would be stupid even for the fed.
Home prices are too high. Oh no , home prices are going down.