‘HARD TO SWALLOW’: Why higher rates continue to hurt the first-time homebuyer

Рет қаралды 6,368

16 күн бұрын

Realtor.com senior economist Ralph McLaughlin says homebuyers and sellers have 'more time' than they think to get a good deal. #FOXBusiness
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Пікірлер: 85

@chinyerejoseph8004 14 күн бұрын

Thanks for keeping us buds, I got a 150K mortgage, bought 75k worth of Brett with it. from profit of 10k capital..

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@ashishnayak-yi1jr 15 күн бұрын

It’s not the interest it’s the ridiculous cost of owning home a problem

@Ancejfj 15 күн бұрын

That not true thousands of people are in bankruptcy and insurance is to high and interest is 3 times higher! And inflation is at 100 percent

@zeke5491 15 күн бұрын

I bought my first 3/2 house,custom built in Florida at 11% interest. The difference is it cost $64,000. Investment firms are buying all of the properties in desirable areas. Government is destroying the value of the dollar.

@darwinpenning1319 15 күн бұрын

These awful Biden times are NOT good for anyone! November 5 - - VOTE BABY VOTE! TRUMP TSUNAMI

@goldbud2287 15 күн бұрын

Trump 2024 ….red down ballot

@Fried52 15 күн бұрын

Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.

@Ravi-rl8tt 15 күн бұрын

They’re good for people who bought up homes pre-pandemic as well as Blackrock lol

@Fried52 15 күн бұрын

Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.

@Fried52 15 күн бұрын

Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.

@dawnmclees 15 күн бұрын

I get it the rates are higher but the real problem is the cost of the house to start with. Totally out of control so many young people will never be able to buy a home and that is very sad.

@googleuser868 14 күн бұрын

Prices are so high not enough can afford to buy them all. Too low rates cause the price to go too high years ago. No way aging rotting and moldy homes are worth the price.

@jfausset 15 күн бұрын

It’s not the rates. It’s the prices. We had lowering rates since 1980 and it only pumped home prices. Lowering rates just pumps prices.

@Fried52 15 күн бұрын

What planet had lowering rates since 1980? I paid 10% for a first on a condo in Huntington Beach back in 2001

@joesmith3590 12 күн бұрын

Rates have little effect on prices. Supply and demand is the primary driver.

@gadoll11 15 күн бұрын

Stop LYING!!!

@Tanman799 15 күн бұрын

What do you think they are lying about? Not being a smart a$$ need to get out of my house and downsize trying to understand what's going on need this as my retirement

@kennethfarthing1474 14 күн бұрын

There is no such thing as a homeowner

@BBBBBB-sz3iw 15 күн бұрын

First thing you need is an astronomical salary. Your out of touch with reality.

@kevindowney4817 15 күн бұрын

No one an buy them FJB

@lljl5310 14 күн бұрын

Prices not comforting!!!!!

@JC-rc3pr 14 күн бұрын

Why are listings up?

@eugenefirebird8938 15 күн бұрын

No. House prices 2x and 3x real value continue to hurt buyers. LOWER YOUR PRICES GREEDY PEOPLE!

@britenrhodehouse8692 14 күн бұрын

It's not rates! It's not a shortage! Investors caused an artificial short and ballooned the prices beyond what buyers can afford. Crash is inevitable.

@SpaceSailor-tu3vl 15 күн бұрын

This industry has to be investigated for racketeering, they have no reason for pricing to increase. Notice he try to sell buy now they are hurting the reason for pricing increases the realtor trying to make up commission for inflation, Remember they have two hats seller and buyer no conflicts there.

@yvettehayes-kinney8715 15 күн бұрын

My mortgage just went up starting in August and I live in Kansas! My house is worth more than when we bought it!😮

@davidmartin7039 14 күн бұрын

Wood comes from the earth Glass comes from earth. Stones come from earth. We could build everyone a home for free. Food grows for free water flows for free. Why must people suffer

@RWB20 14 күн бұрын

WOW. Pretty clear the reporters (and I do mean reporter NOT journalist) who have homes to sell and who think their 100K house is worth 5M. Keep that news going cause we sure don't want to be fair to the people looking to buy a house. "This is my retirement." I should get 5 million! Scream all the old people. 😂

@dren1794 15 күн бұрын

They knocked millions out of even qualifying!

@OmarGarcia-MadeInMexico 13 күн бұрын

What if someone is buying a home to live in for long term and not as an investment property where it’s flipped to a ridiculous price

@Dieselpwr 14 күн бұрын

I think they need to be increased further I’m tired of the dollar dropping in value

@paulsouders3489 15 күн бұрын

8.9 Percent a month ago just got a house Our first time in Modesto, ca. 3800 a month thats crazy for are income

@eugenefirebird8938 14 күн бұрын

I'd move to Bolivia before I'd pay that. Better hope there isn't a layoff in the family.

@paulsouders3489 14 күн бұрын

@@eugenefirebird8938 it's getting pretty slow right now at my job 😦

@dbrew2u 15 күн бұрын

Low Rates created the Historically High Home Prices that your now seeing . So lowering Rates creating a huge rush of would be buyers into the Market will cause Home Prices to somehow drop ? Yea right .

@Fried52 15 күн бұрын

No we are not in the market of 2002-08 anymore. We are back to what was NORMAL before the Bush crash. The only big difference is the major ownership of single family homes by hedge funds buying up huge amounts of inventory. This is new. For the moment it is keeping the market firm. Otherwise rates at 7-8% are nothing. Bought my first home in 78 paid 9% for a first and thought I got a bargain. Have owned 6 homes over the years and made substantial returns on every one, besides having a great place to live. Paid as little as 3.5% to as much as 12% for a first. Didn't matter. The likelihood of another Bush type housing crash is small considering the way lenders changed their requirements to lower their risk. And unless all the hedge funds bail the market will stay firm. If we would let in some more skilled and unskilled immigrants we could bring down labor costs and maybe some of the builders would build more new homes. Labor makes up as much as 25-50% of the cost to build. These guys provided the low cost labor that built out better than half our inventory over the last 50 years.

@googleuser868 14 күн бұрын

Have you enjoyed your bread and circuses?