✅Connect Directly With Our Team - www.theeducatedhomebuyer.com/expert ➡Mortgage Interest Rates Will Stay HIGH - ua-cam.com/video/CY07hb_6XXQ/v-deo.html ➡Mortgage Interest Rates Just BOTTOMED - ua-cam.com/video/AfebO_Rrahw/v-deo.html
It's not the interest rate that affects your ability to Purchase it's the Price of Houses. The Low interest Rates Drives up inflation. The only thing that will Stabilize the Housing Market is a Dramatic Drop in Prices and high interest Rates.
Ya but they’re connected. Houses tend to be higher when interest rates are low because sellers know people can get good rates and afford a higher housing price. Vice versa when interest rates are up. Only reason prices are still up now is bc these people don’t want to let go off their investment besides nobody buying and they can always just rent the property if nobody is interested in buying. And bc I think there is a price lag when interest rates rise. Eventually these people will have to sell if buyers hold out long enough
If you want to cover one eye and only look in one direction, you only get to see a part of the picture. Buyers are willing to spend a percentage of their household income to own their own home. The percentage required to buy is based on home prices, wages, and....wait for it....interest rates. Of those 3 factors, rates are far and away the most volatile and therefore the most likely to cause a significant change in affordability over the short run.
It's expensive houses & high interest rates that make homes unaffordable. Especially sense my household earned 20k less just this year. Not enough work to keep my husband busy in construction.
Meh, rates are probably staying 6-7% next year. But housing is going to keep going up slightly. 2026 is where we need a Nostradamus since that’s going to be an interesting year.
Interesting take....ResiClub surveyed 16 economists and they expect prices nationally to increase 2.2% on average. The high estimate is a little crazy at 10.8% so go ahead and throw it out. That leaves 15 estimates from a high of 5.0% to one prediction of a drop in prices of -.4%. "Experts" aren't infallible so anything is possible but 12 months from now it's very likely we're looking at 2-3% higher home prices. Every market is local and some will see flat or even lower prices. It's critical to know your market if you're thinking about buying.
2025 mortgage rates will be higher or stay close to the same as 2024. They are based largely on treasury bonds (and they follow inflation etc) and how much Fannie/Freddy buys. 25 will be a brutal real estate year but 26 and 27 will be much better. When you see energy prices drop, you’ll see mortgage rates drop. The fed just dropped the rate recently and mortgages went UP.
✅Connect Directly With Our Team - www.theeducatedhomebuyer.com/expert
➡Mortgage Interest Rates Will Stay HIGH - ua-cam.com/video/CY07hb_6XXQ/v-deo.html
➡Mortgage Interest Rates Just BOTTOMED - ua-cam.com/video/AfebO_Rrahw/v-deo.html
What if the rates go to 8%?
I think we will see that in 25
It's not the interest rate that affects your ability to Purchase it's the Price of Houses. The Low interest Rates Drives up inflation. The only thing that will Stabilize the Housing Market is a Dramatic Drop in Prices and high interest Rates.
Ya but they’re connected. Houses tend to be higher when interest rates are low because sellers know people can get good rates and afford a higher housing price. Vice versa when interest rates are up. Only reason prices are still up now is bc these people don’t want to let go off their investment besides nobody buying and they can always just rent the property if nobody is interested in buying. And bc I think there is a price lag when interest rates rise. Eventually these people will have to sell if buyers hold out long enough
If you want to cover one eye and only look in one direction, you only get to see a part of the picture. Buyers are willing to spend a percentage of their household income to own their own home. The percentage required to buy is based on home prices, wages, and....wait for it....interest rates. Of those 3 factors, rates are far and away the most volatile and therefore the most likely to cause a significant change in affordability over the short run.
@@TheEducatedHomebuyer You've said a Lot but i Bascially agree with you.
i really like watching your podcast. Thank you!
Thank you..............Appreciate you. Happy Holidays
In a stable market with mid range rates, prices are negotiable and contingencies are considered and inspections serve the buyer better.
which market?
@TheEducatedHomebuyer the ones prior to socialist Keynesian incessant printing of money, government backed loans, bailouts and other incentives.
It's expensive houses & high interest rates that make homes unaffordable. Especially sense my household earned 20k less just this year. Not enough work to keep my husband busy in construction.
Meh, rates are probably staying 6-7% next year. But housing is going to keep going up slightly. 2026 is where we need a Nostradamus since that’s going to be an interesting year.
Housing prices are already on the decline in many states or flat highly doubt they going up
Interesting take....ResiClub surveyed 16 economists and they expect prices nationally to increase 2.2% on average. The high estimate is a little crazy at 10.8% so go ahead and throw it out. That leaves 15 estimates from a high of 5.0% to one prediction of a drop in prices of -.4%. "Experts" aren't infallible so anything is possible but 12 months from now it's very likely we're looking at 2-3% higher home prices. Every market is local and some will see flat or even lower prices. It's critical to know your market if you're thinking about buying.
Annnnd rates continue to climb …
2025 mortgage rates will be higher or stay close to the same as 2024. They are based largely on treasury bonds (and they follow inflation etc) and how much Fannie/Freddy buys. 25 will be a brutal real estate year but 26 and 27 will be much better. When you see energy prices drop, you’ll see mortgage rates drop. The fed just dropped the rate recently and mortgages went UP.
Y’all should check out Gary’s economics channel and listen to his take on the future of real estate.
If the rates drop with any significance, home prices will not stabilize. The price of houses will increase. Period.
all depends on the amount of inventory that is built up. Prices increasing is not a problem, prices increasing 5%+ yoy is a problem.
With home prices up and rates even at 6% it's too expensive to move up in home even for one more bedroom I would be doubling my house payment.
That's definitely been the consensus over the last 3 years but a growing minority of people are making the jump. 2025 will be interesting.
If you bought before 2020 use your equity appreciation for a bigger down payment.
my guess is high 4 low 5 percent 2 years after he takes the office
That would be a really good outcome. Low enough to help, not so low as to cause problems. Let's hope you're right.