Real estate expert says this is still the biggest issue in the housing market
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- Опубліковано 6 лют 2025
- CENTURY 21 Real Estate CEO Mike Miedler discusses the impact of mortgages rate on the housing market, arguing affordability is still the biggest issue.
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Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?
I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
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I’ve been following the real estate market for a while now, and it’s just so frustrating. Prices are high, inventory is low, and interest rates keep fluctuating. It feels impossible to buy or invest without making a mistake.
The biggest issue right now is affordability. Even renting is through the roof, so saving for a down payment feels out of reach for most people. It’s hard to know where to start or how to make real estate work for you financially
Honestly, one mistake I see people making is rushing into buying a property just because they’re afraid of missing out. They end up overpaying or buying in areas with no growth potential. I think people need to stop focusing on trends and look at the long-term picture.
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Most folks don't make enough to buy homes , get real ! 👉
A lot of people just don’t have sense enough to stop renting.
Then homes need to be more affordable
@@cuzr702how you gonna ask them to save for a down payment when rent is so high? Hello?
@@MeganWall1019 You haven’t noticed all these expensive apartments with new cars parked outside? All lot of people just bury themselves in payments because they want to have everything right now. The downpayment is the easy part.
@@cuzr702 you haven’t even mentioned student loans. $400-700 later every month. How outrageous has college debt become? We were told “you have to go to college to be competitive or if you wanna get anywhere in life.” Millennials have put marriage and children and home buying on hold just bc of the student loans alone. Not to mention rent and cars. God forbid we wanna go to a concert or out to eat once in a while.
My grandfather bought his home working at a grocery store and had 6 kids
Now you can't even buy groceries
...never really got clarity on exactly "who" they were talking about during the fraudclosure cycle after the flash crash of 2008 - but on CNBC, they kept saying - "Not everyone DESERVES to own a home"...
I feel you
Democrats say America was never great.
Inflation, correct. Also, our grandparents lived in a much simpler and "primitive" world: no cell phones, no internet, no computers (at scale), cars without pollution controls or seatbelts, no IT medical services (one of my grandmother" died early from colon cancer because there was no advanced colonoscopy tech), etc. Tradeoffs. The population in the US has grown by 169% since I graduated high school in 1974. Less availabe land to build on, building techniques and materials are beter and more costly. The scale has changed significantly over two generations.
@@thatonekid71 Every year they add new regulations and requirements for building new homes.
Somebody explain to me like a 5 year old, why homes are nearly 50% more than they were 6 years ago?
Homes in my neighborhood have doubled in 8 years. I'm stuck in my home forever
Everything is higher than 6 years ago. Buts don't worry! Trump will reduce everything!!! He says "trust me. Bro". I beleive in him!!!
corporations are the people buying real estate....
The government overreacted and printed too much money following the spike in unemployment during COVID. Devaluing our dollar.
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I find the real crime is the large corporate investors who continue to take homes off the market making it harder for individual home ownership.
It's not going to stop. Tricon is building single family homes nearby to remt.
Investors need to stay out of family homes, they have commercial and apartments.
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One thing that would help improve the market for people to buy is to STOP allowing companies to buy these homes. Also, STOP allowing foreign countries to buy these homes and land as well.
For sure
Stop them then lol, they poison our food, air, and water. I’ve only seen one person in recent times try to stop the tyranny of a company but that failed as 1 person is only a cog in a company
There’s no housing shortage! That’s BS!!
The problem is all these companies and countries are buying up these properties in cash. If they can stop that, the real estate market will improve.
@@BrianHickmanMilitaryBrat They still have to rent them for an amount that makes sense. Prices are so high in so many markets that the cap rate is terrible. I think we'll see an implosion in the REIT market at some point and these homes will all end up on the market at the same time when the dividend returns of the REIT is unacceptable.
There is, look at the stats.
@@Rej-gc5zi lol 😂
Affordability is a problem because there is a limit for homes in general, mostly limit on affordable homes
real estate need to crash and get down to affordable levels
That will make rent cost even higher these salvages are ready to pounce when the market crashes we will see average type folks try an buy em up for cheap and start a rental portfolio that will raise rent even higher in the end.
Will never happen, You're seeing inflation?. All you need to know that prices will never go down as to price the materials to build a new home and think that the labor is even more now
Things will improve across the board just as soon as Trump gets back into office and starts fixing Biden's messes.
Not in this instance. He himself is a real estate tycoon.
Can't fix the FED that prited 40% more money in one year. Biden's Covid incompetent response drove this disastrous outcome.
You do realize we are currently living under Trump’s economic plan, right?
I will never be able to afford another home. I bought in 2010 - divorced - and will be a renter until I die- unless something really drastic happens. Massive improvement in my income or massive decrease in price. Neither likely.
No to pay increase for congress when regular Americans are struggling.
Prices are falling in my community in West Palm Beach. They’ve fallen by 10% since the peak in 2021/22.
The issue is something the industry refuses to talk about: Carrying cost.
Its Carrying Costs that are making housing unaffordable.
You dont need a realtor they rip you off.
ya'll like thiscomment!!!
Says the jealous poor man
@@drinny26 there's a reason why it only takes 3 months to get your license. Glorified door holders who were in the spotlight this year in a massive lawsuit for artificially inflating commissions. Better start upping your skill set if youre a realtor, you won't be needed soon
@@Skumpshii I’ve only been getting busier. Stop hating.
Homes are so overpriced! Sadly this generation will not be buying homes.
Real estate pop 💥 Fed been cutting rates to increase morgage rates
They keep saying it’s baked in but they keep rising after they cut the rates. They are manipulating the market right now
Mortgage rates affect investors buying up more homes and continuing to price out average buyers. Mortgage rates going lower will cause prices to increase. There is not a a housing shortage. This nonsense has been peddled by realtors. Prices have double and tripled in most areas and will never come down.
The housing market has crashed in Charlotte NC. This guy is not honest. Too much new construction. Prices have tanked.
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
If the housing market takes a hit, it might lead to reduced consumer spending and overall economic instability. I advice you consult with a professional about your investment portfolio to enable you to take advantage of the downturns.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
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These huge companies buying up all the real estate is the problem. They have access to much more capital than the average homebuyer. We lose Everytime. It sucks
Until inflation is at two percent or less month to month a rate cut is really not it's going to have a positive impact.On the ten year treasury, where rates the mortgages are predicated. What's commercial real estate and interest Only loans are based on the rate cuts that they're talking about, however, the markets for real estate commercial and residential. We'll improve once we get inflation and fuel prices down. It'll trickle into that area and health. Have a positive effect overall. That's probably anywhere from 12 to 18 months before we see a true Power move.
How about the price my grandpa bought a house in the 80s with 17 percent rate but the house wasn't 300k. Price is the problem not the rate.
interviewing a real estate agent LOL
Teach a man to fish he's never hungry again. Buy a man a house he will never afford to eat again.
Better be careful don’t wanna end up like the insurance companies
Bad weather destroyed a lot of housing this year.
Dear Homeowners,
The workforce drives first-time home sales, but mass unemployment-affecting even high-income earners-has changed the market. Companies like Klarna have automated roles and posted “ghost jobs” without hiring for over a year. Fewer workers with incomes mean fewer home sales, more inventory, and declining prices.
Real estate values depend on nearby sales; when neighbors sell for less, your property loses value. Prolonged unemployment will only accelerate this trend. Billionaires are poised to buy your homes at rock-bottom prices while others can’t get loans. Once they own these properties, they’ll likely rehire workers to drive demand. It’s a harsh reality, but one worth knowing.
Only one way to buy a house out from under a Democrat. Drive by for sale sign. Write down the Realty Company, write down the address. Run the mortgage through at the bank. A lot better than using a compromised internet connection. The loan will go through before anyone has a chance to put anything down.
It’s NOT inventory! Of course, that would make him more money but it’s investors; big, small or corporate and the rich buying multiple homes in different cities. That’s the problem.
But we have record profits from every big corporation!!!!!🎉🎉
I say the biggest threat is still greed.
Limited supply? Where im at there are 2 housing developments $250,000 houses starting and they cant find buyers so they can build the homes. I call caparoonie haha. Mortgages need to be at -$1000 a month before stuff gets better simply put.
no one is talking about the people who lost real estate to weather events - need to add them on to the spreadsheet of "need more homes"....4 years later in New Orleans and still living in FEMA housing - mostly single women, so no hurry - they don't deserve to own a home according to Wall Street...
Guaranteed there is not going to be a real estate market crash for a long time if that is what some people are hoping for. So much property was bought by investment corporations and those homes are not coming back onto the market until they have achieved their price gain targets.
Im a real estate agent and the biggest problem right now is interest rates. They came down so low during covid that the people who bought are stuck in their houses and can’t sell because it doesn’t make financial sense. That creates extremely low inventory. The rates need to come down to 4-4.5% at least for a year then rise to about 6 and stay there. The fed needs to encourage people to sell their houses.
do you think you make sense....?
Fed rates and mortgage rates are not controlled by the same thing. What you are calling for is people to lose their job. Not a good look on you!!
@@TRM83 what "job"...?! demographics to back up Wall Street saying "not everyone deserves to OWN A HOME" - language matters, right? HOME is not same as "real estate"....and who handed them the "anti-Semite" list all ready to go - "these are the not-everyone"...
I call double talk here. We know the morgage rate is not controlled by the Feds rate. The fed rate is for employers to borrow for payroll. The mortgage rates are controlled buy 30 year bond sells. The dollar is not doing well right now and investors want more the 4% on the bonds to even think about it. I think he is just acting like a used car salesman and trying to confuse is with words and numbers.
Lots of talk but not speaking to our reality.
housing is a sleeping giant because of interest rates
The best thing about being in the real estate business is you can take any position and justify it for that discussion. I don’t have and neither does this guy have crystal balls. Nobody saw the huge run up in the past five years and nobody can predict the next crash.
Until it is not next year😂😂😂
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This is what happens when you debase the currency
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Trump said that he would fix everything😁
Biggest issue is still over population but no one wants to talk about it. The boomers are deciding to age in their homes instead of moving into a retirement home and their homes are not going back on thr market.
So we are seeing a tom of people coming of age to buy a home but just not enough.
Australia is having this issue because they let in wayyy too many guest workers.
The problem in California is simply get rid of 20 million illegals and anchor babies in just that state and rents crash, houses go back to 150K and wages go back up. Just like the 70s and 80s wgen it was the golden state, not a golden shower.
It costs so much to build a small home it can for sure be cheaper to stay put. Why would they wantnto sell a paid for home and end up with a mortgage again.
@ I am not talking about them buying another home. “Retirement home” is an old term for old folks home, rest home, assisted living, etc.
@BVN-TEXAS The problem in California for example is simply get rid of 20 million illegals and anchor babies and rents crash, houses go back to 150K and wages go back up. Just like the 70s and 80s when it was the golden state, not a golden shower.
Is the economy bad or good? People are buying houses at sky high price left to right lol
Fake
kripto is the same bubble to explode ! like it was in 2008 with real estate bubble !
All the good builders will soon be gone. You'll have to hire gen z gamers at 25.00 hr to stand there and play on thier phones. You voted to screw yourself.
Most won't show up for that
In all my years of being around, i find the biggest problem of house hunting is the realtors pushing their inventory. In our last house hunt we found over 20 house our realtor had know idea where on the market. We just drove around the areas we thought we might want to live in and wrote down numbers. The internet searches were crap.
not truth
Real Estate is not my area of expertise so I have no opinion on it, but I hope our economy improves after 2 years under Trump.
Don't forget, he is a real estate tycoon himself.
Mike is a dork
Thumbs down 👎 neil
That is NOT true! Realtors add value and most people need them.
Realtors = Criminals
BS , Do your own research , he is no expert !! 😀
Experts? Seen many experts/ anylists in the many years. And were wrong. Like the c19, jab, collapse of the home market, the election.
It's the greedy realitors
No, it's people buying on payment, not the price. Same way they sell a car. Nobody asks why a Camry is 85,000. They only want to know the monthly on a rental(lease). You can own it now for just 469 per month. It should be 129. See how that works?