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

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
    @chinyerejoseph800414 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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    @user-fn1kg6tx9l

    14 күн бұрын

    Hello, how do you make such amount? I'm a born christian but sometimes I feel so down of myself because of low finance but I still believe in God.

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    14 күн бұрын

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    @EliseGarnier-oq7go

    14 күн бұрын

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    14 күн бұрын

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    @MatiasHernandez-ig4mq

    14 күн бұрын

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  • @ashishnayak-yi1jr
    @ashishnayak-yi1jr14 күн бұрын

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

  • @Ancejfj
    @Ancejfj14 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
    @zeke549114 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
    @darwinpenning131914 күн бұрын

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

  • @goldbud2287

    @goldbud2287

    14 күн бұрын

    Trump 2024 ….red down ballot

  • @Fried52

    @Fried52

    14 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

    @Ravi-rl8tt

    14 күн бұрын

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

  • @Fried52

    @Fried52

    14 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

    @Fried52

    14 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
    @dawnmclees14 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
    @googleuser86814 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
    @jfausset14 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

    @Fried52

    14 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

    @joesmith3590

    12 күн бұрын

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

  • @gadoll11
    @gadoll1114 күн бұрын

    Stop LYING!!!

  • @Tanman799

    @Tanman799

    14 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
    @kennethfarthing147414 күн бұрын

    There is no such thing as a homeowner

  • @BBBBBB-sz3iw
    @BBBBBB-sz3iw14 күн бұрын

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

  • @kevindowney4817
    @kevindowney481714 күн бұрын

    No one an buy them FJB

  • @lljl5310
    @lljl531014 күн бұрын

    Prices not comforting!!!!!

  • @JC-rc3pr
    @JC-rc3pr14 күн бұрын

    Why are listings up?

  • @eugenefirebird8938
    @eugenefirebird893814 күн бұрын

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

  • @britenrhodehouse8692
    @britenrhodehouse869213 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
    @SpaceSailor-tu3vl14 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
    @yvettehayes-kinney871514 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
    @davidmartin703914 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
    @RWB2014 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
    @dren179414 күн бұрын

    They knocked millions out of even qualifying!

  • @OmarGarcia-MadeInMexico
    @OmarGarcia-MadeInMexico13 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
    @Dieselpwr14 күн бұрын

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

  • @paulsouders3489
    @paulsouders348914 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

    @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

    @paulsouders3489

    14 күн бұрын

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

  • @dbrew2u
    @dbrew2u14 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
    @Fried5214 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
    @googleuser86814 күн бұрын

    Have you enjoyed your bread and circuses?

  • @snapfinger1
    @snapfinger114 күн бұрын

    Pent up demand. Sellers market.

  • @eugenefirebird8938

    @eugenefirebird8938

    14 күн бұрын

    Nah Over-speculation plain and simple. They will run like cockroaches when they see prices dropping.

  • @FrankGallagherr
    @FrankGallagherr14 күн бұрын

    Whose life was better 5 years ago under Trump?.?

  • @edvaldolopes4411
    @edvaldolopes441114 күн бұрын

    Não quero vídeo em inglês

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    @MartinaPaulinodelarosa14 күн бұрын

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    @MartinaPaulinodelarosa14 күн бұрын

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    @justinpedro556015 күн бұрын

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    @hymansahak18114 күн бұрын

    Joe finally fixed Medicare as he admitted in the debate. He also fixed the housing market.

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    @justinpedro556015 күн бұрын

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    @Jamwcjconn14 күн бұрын

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    @goldbud2287

    14 күн бұрын

    Joe wants you to pull his finger

  • @Fried52
    @Fried5214 күн бұрын

    @darwinpenning1319 Biden's economy has been good for me and mine. Balance sheet shows a higher net worth than we've ever had.