Could the housing market see a bump after the 2024 presidential election?

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on 'The Bottom Line.'
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[MAAGAIN]

I dont care about a rate cut. Prices are way too unaffordable.

[MikeCasey-zm]

In my opinion, housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[mariadrukker]

I’m particularly worried about the housing market. It’s already a mess with prices all over the place. I’m wondering if things might calm down or get worse after the election.

[nickvin]

The housing market is completely toast. .75 basis points will do absolutely nothing.

[mle]

Let's ask a realtor if it's a good time to buy...😂

[ApprovedGiveaway]

Amazing video despite the economy disaster and political war in the country, investment remains best for earnings. Imagine you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

[RyanJohnson-pztb]

why would that make a difference its so overpriced with a 20-30% down payment its 2-3 times more expensive to buy compared to renting its a joke at this point

[artsygirl]

Why is no one talking about corporations buying up home inventory and screwing first time home buyers?

[drewbryant]

There are several factors, besides it being hugely expensive. It's also a supply issue, if you refinanced at 3%, you should never sell

[Ttow]

I dont see how anything or anybody can save whats coming! Im expecting it to be worse than the great depression. We have lived in a careless society for too long

[BillyMartin]

If the rates are coming down I’m raising my price another $30, 000. I’m in no hurry to sell. I’m waiting for the market to heat up. Lower rates = more buyers = rising prices.
🎉

[donesy]

A rate cut? lol what .5% wow! 😂 what a joke.

[bulletheadful]

Home prices need to come down. You can refinance rate but not the price.

[ericcoleman]

What they don’t tell you is the reason the median price is rising is because million dollar houses are still selling but lower cost homes are not, which inflated the median price

[fsm]

Rate cut not gonna help, adding wood to fire

[robingaray]

Building supplies have tripled. People are fixing up their homes before they sell them. And dumping way too much money into them. 😢

[VictorGarcia-lemi]

Wat is the different between now and then

[michaeloski]

3.5 until it hits that number. I bet the tax assessment 2023 jump jumped people's escrow, homeowners insurance ridiculous due this year ouch!!!😢😢

[newshoes-bfxv]

How long realtors or scams are going to make us wait and even if we wanted to ask for help from these high interests we can't because of the poor structure, policies and destruction of people working in areas that shouldn't be.There is know heart and passion in the American dream anymore. The American dream is broken and people don't want to talk about it.

[byronkacheris]

Sellers need to wait and buyers need to wait...always a snafu