Housing market slows as mortgage rates, home prices rise

#news #economy #housingmarket

[NotAlyssaRoblox]

I’m having a hard time selling my house!!?? I have no idea why….I just raised the price 110% in the last two years??.. I don’t know what the problem is…

[jokerbookshop]

home prices are still high? the Fed needs to raise the rates higher!

[HitsTownUSA]

If 6.29% rates are enough to drastically change the housing market then it shows this economy over the last few years was smoke and mirrors. 6.29% is still low by historical standards. The days of getting cheap money is over.

[dsdddsdwe]

The 2023 Year Over Year Equity Growth will be negative at this point. Very dangerous time to purchase at these prices.

[bilkisumagaji]

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for

[eurowerx]

No point selling now unless you can pay cash for another home!

[Ky-ngtt]

Oh my gosh, just makes me nauseous. I finish nursing school this December and was hoping to finally be able to afford a home and I have worked to save a down payment. Now, it looks like it might not be an option.

[B.K...]

The homes are overpriced in the US...most of them are cheaply built and need lots of updates...

[freyastar]

We we’re going to buy again but nope.. it’s ridiculous.

[midnightlight]

1000sqf 2bd 1 bthroom 570 k yeah slowing down nope not in LA county

[ketoninja]

Didn't realize home prices are rising. WTH? Why would prices rise as sales fall?

[stevebaughman]

Why does this say "home prices rise?" What? They are falling like a rock in most of the country. They went up year-over-year from last year's nutsy price...but they re falling month to which is why people are WAITING.

[_BlueMoon]

And nobody saw this coming 😂😂😂 I hope agents and flippers didn’t think this was going to last lmao 😂

[qazwsxedc]

Dear American friends, the more you consume or buy real estate, the more the FED has to hike rates, the more interest you have to pay in the near future, and the more it is likely the economy and stock market will crash. Think about it please.

[ultrainstinctgoku]

Ha...2100 that's not even including including taxes and insurance

[jessicabixler]

That is whith perfect credit and 20% down...

[shellysmith]

This Congress is not willing to help the central bank so they are very limited in what they can do to help. So now borrowed money is more ecpensive. Houses and cars may be out of reach in this Biden recession. This what you get with 'Tax and Spend'. Poorer and headed downhill.

[Nataly]

Selling and buying lifestyles in the same home.

[loveispainp]

Sell now for sure. Houses are crashing

[Gatiezalapin]

Go to a bank and ask for a loan (cash). They will tell you that the cost of capital has double or triple since the beginning of this year. So if you put your brain to work you will find out that cash is more precious than ever. This means that if you want to trade a house for cash, you will have to give more house (liability) for the same amount of cash, because cash has double, or triple in value. It’s not the opposite, you want my valuable cash, you give more house, as the bank does with you now. Since you cannot give me more house you must cut the price in half minimum. You got it?