There are ‘so many players’ in this crisis: Real estate agent
Real estate agent Kirsten Jordan breaks down struggles facing home buyers and shares her predictions for the housing market on 'Cavuto: Coast to Coast.' #foxbusiness
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusiness.com
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness
Пікірлер: 111
I foresaw the housing crisis and sold my property. I then put it in the market, about $200,000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?
@donna_martins
Ай бұрын
This is really sad. If you're not who understands strategies to invest in the market, why not seek a financial advisor to help you grow your portfolio?
@Walter_hill_
Ай бұрын
Having an investment advisor is the best way to go about the stock market right now. I’ve been in touch with an Advsr for a while now mostly and I made over 95% profit within a short time.
@Trevor_Morrow_LTD
Ай бұрын
Mind if I ask you to recommend this particular advisor you using their service?
@Walter_hill_
Ай бұрын
Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.
@Trevor_Morrow_LTD
Ай бұрын
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
@emiliabucks33
Ай бұрын
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
@Johnlarry12
Ай бұрын
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@JordanPortales
Ай бұрын
who is your advisor please, if you don't mind me asking?
@Johnlarry12
Ай бұрын
Carol Vivian Constable 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.
@JordanPortales
Ай бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
-----1996----- Median Home $137,000 Avg HH Income $35,490 Ratio = 3.86 -----2024----- Median Home $473,100 Avg HH Income $74,580 Ratio = 6.34 His 13% rate in 1986 was manageable BECAUSE HOMES ONLY COST 1.5 years average income. Now STARTER HOMES ARE 560% average annual income. Record high prices at 7% prices out ALL first-time homebuyers. People like Neil here that pay cash for a home don't care about mortgage rates.
Rates aren’t the problem prices are. No one can afford 3700 mortgages
Rents and home prices along with high interest rates makes it unaffordable for most Americans including myself.
@boiscooka232
Ай бұрын
Lmao 😂 Xi Jinping " House is for living not speculation"
Nothing about 39% of single family homes being bought by corporations the last 3 years. Kind of crazy. I'm a welder from TX, not some market analyst or real estate guru. How is it that I can tell you what a big problem in the market is, but you guys are just confused? No way that yall can be unaware of this. Investors are drying up supply
@SavageFrenchies
2 ай бұрын
Yup if you look for a rental in Kansas City I’d say over 90% are owned by a large company. Honestly it may be higher because I was just looking to look and I didn’t see a single house that wasn’t owned and managed by like 3 companies.
@Wolfcamp555
2 ай бұрын
They're aware because the talking heads are the investors you speak of.
@tibedog5629
2 ай бұрын
Yeah every time I mention how many companies are buying the houses you just get a big onslaught of people going "nu uh no they arent"
@THEFERMANATOR
2 ай бұрын
Not to mention these corporations are paying over market value because they're playing a long game. They know people need homes and will eventually have no choice but to pay them there sky high rent, and to these corporations it's a forever income.
@Chuchoe678
Ай бұрын
@THEFERMANATOR Well, the way I see it, this is actually a possible short term action for them. Inflation is high, so all of their cash that would normally sit in a bank is now being utilized to buy large amounts of housing without requiring a loan. New construction homes are being bought at cheaper prices because they pay the developer for the whole block. So while inflation is high and no one has a choice but to pay high prices, they can squeeze until they can sell before the market dips too much and the money that would have been sitting in a bank had now turned a sizeable profit. Easy to make money with no morality and a large chunk of money. All legal for now
Dude!!!!! Shut up and quit interrupting.
She has no clue!
Let her SPEAK
@Sonofawildanimal4241
Ай бұрын
💯
Interest rate might not be too high but the prices pushes the home out of range.
They need to make it illegal for companies to own houses. No rental houses. No investment portfolios buying. No AirBnB. Nothing. The only individuals who should be allowed to own a house is an average person.
@jeffjones2771
Ай бұрын
As long as corporations are considered individual entities, instead of what they are (a business), We the people will continue to be shafted by an entity with no scruples.
@rhipotter6191
Ай бұрын
Won't ever happen..
@stillhasitall2010
Ай бұрын
Average according to ???? 😂
I’m so sick of people talking about rates. The real problem the the greed of pricing basic houses above $300,000. Even $500,000 is too much and people are wanting lower rates to buy them and what really needs to happen is to lower housing prices.
1 pair of shoes and nothing in the refrigerator except cut carrots and celery in a glass.
Housing is unaffordable, groceries cost an arm and a leg, gasoline is through the roof and a feeling of depression is thick in the air, it's hard to shake the feeling that only bad things will happen under this administration, and even under Trump I find it hard to believe things will improve as much as they need to to make life tolerable.
@lorihoop3831
Ай бұрын
Who is paying this lady? She's delusional
I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be the universal currency
@Ninabranian
Ай бұрын
Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it
@Nickk4
Ай бұрын
Yes knowing Yetta cox strategy is the best at the moment, I recommend it for beginners because it is perfect for now and it is known
@tate_man
Ай бұрын
I've seen plenty people talking about this Yetta cox she must be very amazing for people to talk this good about her
@tate_man
Ай бұрын
How do I get to her
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
@EdwardArmstrong-ig5jh
Ай бұрын
It is hard to nail down specific predictions for the housing market because it's not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@BenjaminMoore-pe1yb
Ай бұрын
@@EdwardArmstrong-ig5jh The FED is to be blamed for economic crisis, they ultimately benefit from buying failed banks, houses or even cars cheaper. Oh well, they can print credit as long as someone will borrow it into existence, but production cannot be printed. Right or wrong?
@HenryGibbs-id4ry
Ай бұрын
@@EdwardArmstrong-ig5jhAbsolutely Correct. The policy making by the Fed has been a disaster. The govemment has ruined the lives of millions by turning on an endless paper printer. Ideally, advisors come handy on how to grow your money in times like this.
@BenedictLaurens
Ай бұрын
@@BenjaminMoore-pe1ybSuch market uncertainties are the reason I don't base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, had to revamp my entire portfolio through the aid of a planner, before started seeing any significant results happens in my portfolio, been using the same advisor and I've scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you're looking.
@StephenSwarner
Ай бұрын
@@BenedictLaurensTrue, 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?
Money was cheap for way too long ….
@Stantheman4444
Ай бұрын
Why didn’t the rate rise under the Trump admin?
Talking about interest rates only brings up one side of the equation. High interest rates are fine if inflation is low. If price inflation is high and interest rates are high, the average person/business owner can’t afford anything! Every time somebody mentions to me that their first house was at a 10% interest rate I immediately ask him how much the house cost. I would gladly pay 10% interest on a $30,000 house. I’m not gonna pay 10% interest on $1 million house!
@Seanpfree
Ай бұрын
-----1996----- Median Home $137,000 Avg income $35,490 Ratio 3.86 -----2024----- Median Home $473,100 Avg HH Income $74,580 Ratio 6.34
Mortgage rate in 1996 was 8.625% with 10% down, plus closing costs.
@Chuchoe678
Ай бұрын
What was the median cost of a home in 1996 though
@Seanpfree
Ай бұрын
-----1996----- Median Home $137,000 Avg HH Income $35,490 Ratio 3.86 -----2024----- Median Home $473,100 Avg HH Income $74,580 Ratio 6.34 First time home ownership is OVER in the US. Entire generations are priced out of a chance to join the middle class. We are seeing the beginning of the wealth gap becoming a canyon. Ratio
@Wolfcamp555
Ай бұрын
@@Seanpfree my ratio was 7.4 in 1996.
@Wolfcamp555
Ай бұрын
@@Seanpfree I also had to pay for my college loans.
@breadfan9
Ай бұрын
@@Wolfcamp555 Why did you go to college?
Sure I’m gonna listen to this usedcar sales woman, that’s what real estate agents are now
I love the talking point that people can't buy houses because people are staying with their low rates and not selling. That's freaking entitlement right there.
Home prices are 150% over where they should be
@jamesklaatu9359
Ай бұрын
A house is worth the land, materials, and labor. Oh and government regulation , development fees, and taxes. Adds up pretty fast. Forgot the builders profit. Why build if you can't pay your own bills and taxes.
@88corinutza
Ай бұрын
@@jamesklaatu9359 bought house in 2015 for $139k just sold same house $275k 8 years later lmao
Its called greed stop ignoring it. Stop living in denial.
These guys are so out of touch. Back when he bought his house with a 13% rate the average house probably cost 3 times the median household income. Now it’s 8x or more.
They can raise the real estate prices all they want. Nobody is absurd enough to buy these homes at rip off prices. The housing economy will crash hard in a month or two.
Summer retired contractor we were looking to buy a piece of property in California where I've lived my whole life and start building a house but between Joe biden's economy and California is over regulations we decided you know what screw you would just keep our money in the investment account and those people trying to sell your properties best luck to you
Lagging data or false data
These two are just so far removed from the big picture of what’s going on. I’m a Broker in NY & CT, doing this full time for 26 years. These two are talking mini band aids on the heart attack that’s coming. Start with looking at Blackrock holdings in big home loan banks. 🤦♂️
@Chuchoe678
Ай бұрын
Jp Morgan and other institutions as well
Price to income ratio anyone??
Another "expert" who is as wrong and ignorant as can be. It will fall 5-10 %. It will fall a minimum of 20-30% in the crash that is coming. The unemployment will spike greatly before this year is up. Inventory will spike bigger than that and prices will drop. So Cavuto, you wanna pit your "expert" against what I just said and see who is right? No, that's what I thought. Sad you would put these types on TV to spout lies.
You will never see 4again these realtors are in never,never land
Don’t forget record corporate profits
As soon as I saw it was Neil, I should have skipped this video. Not only is he always out of touch, but so are the guests he has on.
We need to pull out and stop assisting aid to other countries we barely can make it here. in addition the feds have to stop printing money.
Ummm, isn’t the point of buying a home to keep it and it be yours forever, not to just buy it pay a butt load of upfront interest then sell it to someone else so they can pay another butt load of interest.
70s 80s inflation was not as punishing as today! 10% loan on $40,000 home ? Then ! Now $200,000 purchase ?
For Sale By Owner's aren't having the problems all these Realtors and their Associations are having , and For Sale By Owner's can be very selective to who they sell to ! So , if you own your property and desire to relocate to another For Sale By Owner , you don't have to demand a million dollars for your $ 200K home ! RD
Your expert missing demographics and economic changes. Middle class erosion and economic slowdown. The country is dividing into Rich and Poor with each class moving with like neighbors. Not hotspots, richspots and poorspots. Rich areas not going down at all. People with high wealth moving to best areas. No mortgage necessary. Poor spots are flat to down as more of that class has financial issues and homeownership declines as renters increase. VA/FHA/HUD NINA loans, negative equity. Florida great example of gated communities next to low housing and rentals and so on. It is not only interest rates that drive prices. The discussion totally missed inflation, affordability, FED M2 monetary policy, and non homeowner investors. Come on Neil, you used to be sharper.
Self interest promotion. BS.
2008 crash incoming
Money was cheap during their generation
😂😂 YT out here sh ad ow ba nn ing every comment !! Why even have a platform ??!!
Spin doctor
Just a gulley 😂
What TF is this lady talking about?
Worthless insights. Wow
I can't listen to Neil Cavuto. I used to like him. I guess he lost his way.
This women knows nothing about the housing industry she inflation in materials caused all the problems.
Debt free🙏My refrigerator is full and my $2M+ home paid off
@munalsalhotra5857
Ай бұрын
Good for you! 👍🏻👏🏻 you worked hard. My uncle has his apartment building of 20 units paid off. He worked hard and never took vacation in 20 years.
CNN show