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Record High Prices and Mortgage Rates Impact Home Buyers
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25,901 Views • Jul 9, 2024 • Click to toggle off description
Home buyers are grappling with unprecedented challenges as both home prices and mortgage rates reach record highs simultaneously. With a severe shortage of approximately 4.5 million homes across the US, achieving homeownership is becoming increasingly out of reach for many families. Amidst these conditions, experts advise considering renting below one's means as a strategic move in the current market. Potential buyers are cautioned about the additional costs associated with high property taxes and homeowners' insurance premiums, which reflect the inflated values of homes today.

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Views : 25,901
Genre: Entertainment
Date of upload: Jul 9, 2024 ^^


Rating : 4.674 (98/1,104 LTDR)

91.85% of the users lieked the video!!
8.15% of the users dislieked the video!!
User score: 87.77- Overwhelmingly Positive

RYD date created : 2024-07-16T16:17:35.314752Z
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YouTube Comments - 76 Comments

Top Comments of this video!! :3

@nelsongarcia4763

3 weeks ago

If you don’t own your house or vehicle now , may god have mercy on you…….

29 |

@jflorexilerk9125

3 weeks ago

How can someone live beyond their means when they don't even make enough???

16 |

@eddie9201

3 weeks ago

It's the price that's keeping me from buying a house.

7 |

@waylanddavick9459

3 weeks ago

There is only so much 'underconsuming' one can do. If you have a family, there are limits. Love the discussion, I wish our western governments would stop throwing sh!t at the fan on these issues. You should not import people from other countries in such high volumes - it isn't healthy - especially illegals - this is not sane, safe or sensible. God bless the lot of you.

10 |

@user-fh5pd1kw8h

3 weeks ago

How can mortgage rates be at record high? Ever heard of the 70’s?

8 |

@BoneZRilla-co4ew

3 weeks ago

In a city of roughly 25,000 there's around 2 dozen house's that have been restored and sit empty with no advertising/contact info and listed online as private owner for years now it's only $11 per property to get the owners information from the court house but who wants to spend any money with a chance of being ignored or turned away

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@eddie9201

3 weeks ago

Renting is the way to go at the moment. I'm saving more renting.

2 |

@starrystarrynight6281

3 weeks ago

10 years ago I had what you would call an upscale one bedroom apartment. The first year the rent when up $100 and the next year $200. That’s the problem with apartments.

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@gertrudesohn7337

3 weeks ago

We just got our r/e tax bill in the mail. Holy moly! We are going to dispute it. I hope everyone does because this chit is ridiculous. 🤦‍♀️

2 |

@danapowers9106

2 weeks ago

In Colorado rent for a two-bedroom house is 2000 plus a month. I'm a single woman and am barely getting by. I'm living paycheck to paycheck.

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@franklopeziilmtmti603

3 weeks ago

As long as you let Black Rock keep buying, housing in BFE will be a record high. Just remember, homeowner's insurance is by Black Rock. Taxes should not be as high because home prices has been at a higher rate than inflation.

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@CTBauer

3 weeks ago

On 07/10/2024, the National Average Mortgage Rate for a 30 year fixed rate mortgage is 7.-6%. When I purchased my first home in the 1980's, the 30 year fixed rate on the mortgage was a bit over 14%. In what world is 7.6% greater than 14%+? We do NOT have record historically high mortgage rates, home prices may be at a record high, but NOT mortgage rates.

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@bizzybizzo1478

3 weeks ago

Some sellers want too much. Set a fair price and let it be first come first serve. Food-Shelter-Clothing

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@sosonyc

3 weeks ago

Those four factors are insane.

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@Hungry-motivated

3 weeks ago

Love this channel!❤

2 |

@brandiallard6524

3 weeks ago

Tell those darn investors to knock the crap off. Not everything in life is about you getting richer!

1 |

@nancylewis9853

3 weeks ago

And interestingly, the DOJ has chosen this time to make it even harder for buyers to buy!

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@ryankc3631

3 weeks ago

As bad as housing prices and interest rates are, rent is even higher!

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@deandouglas8784

3 weeks ago

All part of the plan

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@xtremity2361

3 weeks ago

Not record high mortgage rates

2 |

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