Realogy's Ryan Schneider breaks down housing market amid rising interest rates

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[YT_C]

Financial institutions, house builders and government destroyed the new generation. 1) With the locked low interest rates, no one is going to sell their houses. 2) With the inventory it’s additional burden on new generations to buy a house. The whole system created an uneven play field creating a booster for the rich to become more rich and deprived the opportunities for the new buyers and new generation. The first time home buyers especially who are in early 30’s waited so long to pay off their student debts and now they have to deal with the high housing costs, how unfair?

[senoreng]

investors ruining this housing market through speculation.. if they stop buying I guarantee first time home buyers would be able to buy a house.

[TheRealEstateInvestingAcademy]

2K+ people moving to Texas per day… 200 to Austin, 1000 to Houston, 500 to Dallas… not sure what would cause a migration slowdown..keep those taxes low, city pro growth and sun shining and people will keeping coming

[MrWaterbugdesign]

Demand isn't very high at all. Demand only seems high because of low inventory. The same buyers are bidding on multiple homes making it seem like there are lots of buyers. Here in Phoenix demand is only 9% higher than "normal" while supply is 75% below "normal". Air quotes because we could be seeing a new "normal".

[kennyjames]

I want to buy my first home, when I look around I just want to cry. This is so unfair

[unique_u]

Of course he would say demand is still strong

[hokeywolf]

In beautiful places, most transactions are for cash. Mortgages are for homes in frigid places with no sun.

[mikayaz]

People were buying because it was easy to get the loans not considering their income and abilities to pay their mortgage the lenders knew if the buyers did not afford at any time lenders can get their houses☹️☹️☹️☹️ If the Government investigate you will see all the drama & crisis that creating by leaders and realtors!!!

[jessicabixler]

Lost of money printing going to the top. RE has gone up over the years but wages have always kept up with the increases. Right now the average income is too far below the average home price. So unless we reenact the guided age we're a few owned everything and there was no middle class to speak of Weare headed for a correction at some point.

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