Housing expert reveals the ‘truth’ about the US market

Madison Ventures+ managing director Mitch Roschelle joins ‘Varney & Co.’ to break down the 30-year-low report on existing housing data. #foxbusiness

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[DonaldMark-nese]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[Aarrenrhonda]

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200, 000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

[TimothyWilliams]

I regularly ponder how top level investors are able to be millionaires off investing. I've got a critical amount of capital that needs to be started, but I don't even know what methodologies or paths will help me make decent profits.

[bernardallen]

Regardless of how everyone is scared and calling the crash, there is already an excess of demand waiting to absorb it, which is another reason it is less likely to materialize that way. As I will explain below, this forecast was not made in 2008, at least not by the general public. According to the other reply, the ownership rate peaked in 2004. We peaked in the second quarter of 2020 and are now at the median level. It dipped by 3% between 2008 and 2012, and it is expected to fall from 68 to 65 in the second quarter of 2020.

[VeniceHew]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[RaymondKeen.]

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

[darkdan]

Do a skit on how private equity companies are putting American citizens in the streets for massive profits...

[alexwalker]

This is the worst time ever to buy a house. Prices are 25 to 50% too high right now.

[Sarmoon.]

Also a major factor is corporate realtors are outbidding and purchasing the properties and then renting the properties out at higher prices as rents continue to rise. Notice that the number of rentals are rising as well even though the number of properties to purchase has dwindled.

[Alexibawendi]

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[JerryAdams-fcyv]

*Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40, 000 dollars. Everyone thought I was delusional. Today, 1 receive 85, 000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me*

[jeffboxtorres]

With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.

[tobyk]

“Housing Expert”?! What a disgrace! He is talking about intetest rates dtopping as if the rates are the problem. The housing prices need to come down fo affordability and in the Sun Belt the prices are coming down. The market does not need lower rates. The artificially low rates are what caussd the housing affordability problem in the first place. So this “housing expert” thinks lower rates is the solution when in realty it was the problem? unbelievable!

[Desert_Ov_Thee_Real]

Most price action is due to the need to live somewhere, nothing to do with stock market. Illegals take the apartment.

[justkate]

And rent jumped up 50%!!! I'm about to be homeless on September 1st.

[agentjacob]

The interest rate has increased eight times since March of last year, to 5% now. My retirement fund has suffered greatly over the past few years due to inflation at 7% and mortgage rates at over 7.5%, so I'm wondering how older people retire and survive in such an unsteady economy. Obviously, now is not the time for me to play the long term game.

[Crunchwantsfood]

Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Linda Wilburn has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.

[austin_irabor]

This "expert" is just BSing through the interview, LOL. He wasn't prepared. Prices are high despite low activity because ARM loans are back, and builders are offering rate buy-downs to keep comps high.

When comps are high, prices stay high. To stay in business, loan officers gain access to exotic loans not meant for regular people, and banks push them through, also to stay in business a little longer. When these loans come due, they will be "junk". Banks will stop loaning on them.

In the same way prices are forced upward by builders and banks, they will be forced downward by private sellers and foreclosures. At that time, the pricing bubble will pop.

[nikosolikos]

0:58 what is this guy smoking? He’s saying there’s no supply……. Has he looked at Southern Florida, Austin, Arizona?

[tropicalislandrealtyofthep]

Hello? Huge companies from Canada and others are purchasing homes in bulk for rent. It’s increasing the prices!