Home Real Estate Housing market slows as mortgage rates, home prices rise

Housing market slows as mortgage rates, home prices rise

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Housing market slows as mortgage rates, home prices rise

The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what’s driving the downturn in home sales.

#news #economy #housingmarket

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44 COMMENTS

  1. Dear American friends, the more you consume or buy real estate, the more the FED has to hike rates, the more interest you have to pay in the near future, and the more it is likely the economy and stock market will crash. Think about it please.

  2. Oh my gosh, just makes me nauseous. I finish nursing school this December and was hoping to finally be able to afford a home and I have worked to save a down payment. Now, it looks like it might not be an option.

  3. Mrs Patrisiah has truly helped me and I will not take this blessing for granted. I will use this money so I can have somewhere to stay and pay my house insurance until I find a job. This has really made my life less stressful. I honestly don’t know how to thank you. I sincerely appreciate this. God bless you for helping someone who really needs it.

  4. Go to a bank and ask for a loan (cash). They will tell you that the cost of capital has double or triple since the beginning of this year. So if you put your brain to work you will find out that cash is more precious than ever. This means that if you want to trade a house for cash, you will have to give more house (liability) for the same amount of cash, because cash has double, or triple in value. It’s not the opposite, you want my valuable cash, you give more house, as the bank does with you now. Since you cannot give me more house you must cut the price in half minimum. You got it?

  5. I'm successful today because I never stopped trying when I fall. I gather my self enough courage and energy to take a bold step and rise again. There's so much Joy when you're progressing financially. My life is sweet now because of Mrs Patrisiah wonderful and excellent service. I received some of $35,000 from her service to set up my house loan. May God keep blessing her works abundantly as she helped me start my career business she's the best among others.

  6. I'll forever be thankful to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs.Wiley

    The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Mrs.Wiley. I'm not bothered with how bad the Market is because my assets are insured due to her advice and I still receive my profits.

  7. Why does this say "home prices rise?" What? They are falling like a rock in most of the country. They went up year-over-year from last year's nutsy price…but they re falling month to month….. which is why people are WAITING.

  8. I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for

  9. If 6.29% rates are enough to drastically change the housing market then it shows this economy over the last few years was smoke and mirrors. 6.29% is still low by historical standards. The days of getting cheap money is over.

  10. Then Jesus said to the crowds and to his disciples: "The teachers of the law and the Pharisees sit in Moses’ seat.
    So you must be careful to do everything they tell you.
    But do not do what they do,
    for they do not practice what they preach.

    They tie up heavy cumbersome loads and put them on other people’s shoulders,
    but they themselves are not willing to lift a finger to move them.
    Everything they do is done for people to see:
    They make their phylacteries wide and the tassels on their garments long;
    they love the place of honor at banquets and the most important seats in the synagogues;
    they love to be greeted with respect in the marketplaces and to be called ‘Rabbi’ by others.

    But you are not to be called ‘Rabbi,’ for you have one Teacher, and you are all brothers. And do not call anyone on earth ‘father,’ for you have one Father, and he is in heaven. Nor are you to be called instructors, for you have one Instructor, the Messiah. The greatest among you will be your servant.
    For those who exalt themselves will be humbled,
    and those who humble themselves will be exalted".
    Matthew 23 NIV

    YOU SHALL NOT MAKE FOR YOURSELF AN IMAGE in the form of anything, in Heaven above or in the Earth beneath, or in the waters below. You shall not bow down to them, or worship them, for I the Lord your God am a jealous God, punishing the children for the sin of the parents, up to the third and fourth generation of those who hate me, but showing love to a thousand generations of those who love me, and keep my commandments.

    If my people who are called by my name, humble themselves and pray, AND TURN FROM THEIR WICKED WAYS, I will hear from Heaven, will forgive their sins, and will heal their land.

    AND WHEN YOU PRAY DO NOT BE LIKE THE HYPOCRITES, for they love to pray standing in the synagogues and on the street corners, to be seen by others. Truly I tell you, they have received their reward in full.
    BUT WHEN YOU PRAY, GO INTO YOUR ROOM, close the door, and pray to your Father who is unseen. Then your Father, who sees what is done in secret, will reward you.
    And when you pray, do not keep on babbling like pagans, for they think they will be heard because of their many words. Do not be like them, for your Father knows what you need, before you ask him.

    This, then, is how you should pray:

    Our Father in heaven,
    hallowed be your name,
    your kingdom come,
    your will be done,
    on earth as it is in heaven.
    Give us today our daily bread.
    And forgive us our debts,
    as we also have forgiven our debtors.
    And lead us not into temptation,
    but deliver us from the evil one.

    For if you forgive other people when they sin against you,
    your heavenly Father will also forgive you.
    But if you do not forgive others their sins,
    your Father will not forgive your sins.

    "Matthew 5-7 NIV Bible Gateway", we can use google search.
    These are the teachings,
    The Righteousness of our Lord Jesus Christ our God.
    REPENT, and start doing what is right.
    If you abide my teachings, you are really my disciples;
    then you will know the truth, and the truth will set you free.

    Yet a time is coming and has now come
    when the true worshipers will worship the Father in the Spirit and in Truth, for they are the kind of worshipers the Father seeks.
    GOD IS SPIRIT, so his worshipers must worship in the Spirit and in Truth.

    In the New Heaven and the New Earth,
    only Righteousness dwells.
    May the Spirit of our Lord Jesus Christ our God be with you all.

  11. Listening to meatheads talk about inflation at this point is like circular logic with so many corners it's not a geometric shape anymore. People have less money, corporations raise prices to protect their quarterly earnings with fewer customers, fed raises interests rates to "combat" inflation, corporations raise prices more with even less customers, fed raises rates, corporations raise price… How many times are we going to watch this happen and let these propagandists spew nonsense. Capitalism is collapsing on itself.

  12. This Congress is not willing to help the central bank so they are very limited in what they can do to help. So now borrowed money is more ecpensive. Houses and cars may be out of reach in this Biden recession. This what you get with 'Tax and Spend'. Poorer and headed downhill.

  13. So you mean to say that most Realtors/Zillow/Redfin and the majority of real estate industry was actually lying just 6 months back when they told us house prices will "ALWAYS GO UP" 😈😈

    Every second alert from Zillow/Redfin in my inbox is a PRICE DROP ALERT now a days.

  14. Brandon's administration is doing a great job ! He's lookin out for the poor.🤣
    His next act to help the poor…. direct war with Russia… the poor will have a chance to serve in the military in yet another foreign war. Brandon 2024 !!

  15. After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot.

  16. The Price is determined by Supply, Demand AND Inflation. Supply is falling faster than demand while the value of the US dollar is plummeting so the price is rising despite a fall in demand. This is usually only seen in third world countries lead by socialist dictators……….

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