Homes Are Still Unaffordable As Rates Hit Over 7%

In today's stream, we delve into the pressing issue of home affordability, a concern that continues to loom large as mortgage rates soar past the 7% mark. This significant rise in interest rates has escalated monthly mortgage payments, putting homeownership out of reach for many prospective buyers. We'll explore how the current economic climate, characterized by high rates and steady price levels, complicates the dream of owning a home for average Americans. Additionally, the video will examine the broader impacts on the housing market, including slowed buyer activity and increased pressure on the rental market. Join us as we break down the numbers, analyze market trends, and discuss what potential homebuyers can do in these challenging times.
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Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769
#housingmarket #homes #KristinaSmallhorn

eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812, Office [phone] ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License 0912122918
Disclaimer:
LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

[lovpinkdiamonds]

The job market is not great at all and the economy isn’t great either

[bentleymalshi]

As the saying goes, "Things will get worse before they get better." How much worse? No one knows for sure.

[seekingjoynow]

Homes are just too expensive. If prices don’t go down the middle class will not qualify to buy homes.

[butterflygirl]

The jobs being created in this economy are part-time and go to foreign workers. The American middle and upper middle class has nothing available.

[raffihernandez]

You are dreaming people 🤯millions of people are losing their homes

[mariannerichard]

Canadian with a mortgage here, a house is financed for up to 25 years (although 30 year ones are now available for first time buyers). It is renewed after up to 5 years. You can also change bank or lender at that point, if you find a better deal elsewhere. You can also chose between fixed or variable rates.

[briankier]

It’s the prices…not so much the rates!!!

[Bewefau]

Um... Black Rock IS doing well there one of people WHO PLANED THIS. That's what they do to close down the competition. Not everybody did bad during the great depression some company's did super well.

[ElizabethHanley-xezn]

Wonderful info...so many people use there homes as piggy banks!

[cassandramarie]

Please remember that when someone is arrested, the charges are alleged a d they are innocent until proven guilty in a court of law.

I don't know the tax assessor in your area, but he has the right to Due Process.

[gregoryscanlon]

Most people with a certain life stle created by their high paying jobs are not interested in lower paying jobs.

[ryanbailey]

Appraiser here… an appraiser can pretty much make as much money as they want. Not by doing cookie cutter residential appraisals, but by doing complex assessments for litigation. Bailey Valuation, LLC.

[robertmorgan]

He is a voice talent: studio recordable voice on the first take!!

[legacyopp]

My cards went from low 20s to 25, 27 and 30% all maxed . Sold my house, paid them off. Credit score now 760 and I bought another house.

[robertmorgan]

Ask him what is the brand and model of that mic he’s using???

[johnwalsh]

Listening to this makes feel smarter every time.

[barbb]

I know the prior Director of HUD in DC. They created a 40 yr mortgage just to reduce foreclosure. Sign of the times, my friend has since gone into the private sector.

[highvibrational]

Too bad Kyle is not on the FHA loan program in NJ and PA where the homebuyers can take advantage of the first-time homebuyer programs. He actually sounds honest and trustworthy.

[trucker]

I don't care about the rates... I want the prices to come down. I want the Government to allow the market to correct...

[nctn]

In these days of private equity, banks and regulated finance becomes moot.