Is the sizzling housing market finally cooling off?

Divvy Homes CEO Adena Hefets explains how their unique rent-to-own model empowers renters to become homeowners on 'The Claman Countdown.' #foxbusiness #theclamancountdown

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 ó the business capital of the world ó 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.

[ultramagalatino]

You will own nothing and be happy - the world economic forum

[jake]

Rent-to-own are often a scam. In many of the contracts, if you miss a single payment, all your investment is lost.

[linusgallitzin]

Laws need to be passed to prevent businesses from purchasing and renting-out single-family homes, probably even making them sell them on the open market. Purchasing and renting out single-family homes that is not your primary residence needs to stop.

[americanfreedom]

Ouch 🤕 this old scam to home ownership rises again! 😡🤬 Buyers Beware

[MrTBN]

Sounds like predatory lending to me..everyone’s moving, no one’s spending, banks getting desperate 🫵

[jeffh]

It likely just means that people just don't want to live in that badly demoncrat-managed, overly expensive, overtaxed, crime-ridden, hell hole. The market is still on fire here in FL where I, a local Floridian cannot buy my retirement home because half of NY decided to move here for low taxes, well-managed, common sense government "for the people". Unfortunately for me...

[gregnixon]

In one year, my home’s value has gone from $265k to $439k and is finally leveling off. The jump in value is insane.

[mclovin]

Yes it is. It’s because inflation has taken every dime of my down payment that I saved for years for. Now that I have no chance of buying a home, the market is cooling down. Looks like I’ll be throwing my money away on rent for the rest of my life

[DisciplesCrossMaker]

You mean no zero percent interest money means no stupid prices?
Who knew?
Faux is a joke....

[DisciplesCrossMaker]

So who is a winner?
The guy who sold at a slightly higher price and is now priced out by interest rates, OR, the guy who has a hopelessly underwater loan at 3%?

[TonyPearl]

Very interesting business model there...

[johnnyllooddte]

one word... BULL..
walk away with your equity.. total bull..
when was the last time you walked away with equity from ANY rent to own product.. full bull

[Orionairsoft]

Came here for info. Only to find a commercial for a shitty rent to own program

[joannevaccarella]

Too bad I couldn't gotten this break or I would've owned my apartment.

[OptionsStrategist--JPT-DPAM]

This is what I think is a good trade because the market has been up for a few days SPY selling calls spreads on SPY strike price 391 short calls and strike price 395 long calls expiration date 7/15/22 This is neither a solicitation nor an offer to buy or sell stocks, options, or futures .

[asifalamkhan]

an ominous sign that the real estate sector will experience a meltdown pretty soon. 30year mortgage rate is close to 6% with 175 bp rate raise and more rate raises are coming. QT is just getting started. moreover, a severe recession is likely. so real estate sector is of course going to fall apart very soon.