Housing Market Homebuyer Demand

Homebuyer demand in today’s housing market has plummeted!

Higher interest rates have caused both Home Prices and Stock Prices to begin declining again over the last month.

Housing Market Homebuyer Demand

The U.S. housing market is setting up for a long needed correction. No other time in history have home prices been so out of reach!

The 30-year fixed mortgage rate just surged up to 7.4%. The 10-year treasury is 4.3%. These levels are too high for this economy to function. The result is that homebuyer demand in the Housing Market has plummeted. With mortgage applications to buy a house now at their lowest level since 1995. This means that sellers on the US Housing Market will be forced to cut the price for the rest of 2023. And these price cuts could be even bigger than the ones last year – especially in real estate markets like California, Florida, and Texas.

The bottom line is that with current prices and interest rates, hardly anyone can afford the monthly payment. People in the top 15% of earners can’t afford to buy “starter homes” in their own metros right now. The prices or interest rates have to go down. Buying these homes makes very little sense for institutional investors because they can’t even cashflow most of them.

We are just starting to see the effects of the higher interest rates. The price of homes will come down. Give it time. Those that have to move will sell and will have to accept a lower price and get a higher interest rate. The artificial 2% to 4% interest rates had to go; 7% to 8% for a 30 year fixed is historically typical. Not everybody should be a home owner. Some people should be renters. Want a home? . . . Save money for a down payment, and have some skin in the game . . . don’t expect to get a 100% loan!

#######

• Brokerforyou.com is for SALE

  Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

  www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

  What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

• Also available, much smaller aged websites (not just urls)  for Real Estate agents and brokers in California.  Yes, since I’m retired from Real Estate now I have a number of websites that are available that you can use for readings to your main site.  The following  real estate  area sites are available but subject to prior sale,  without notice:  San Diego, downtown San Diego, Del Mar, Encinitas, Orange County,  and Los Angeles. If you’d like to purchase any of these sites with all the content included, you can get them at a Bargain Basement price.  Please contact me if you’d like further details.
• Interested, call Bob Schwartz (619) 286-5604 for additional information

• #######

  home water leak detector – https://flumewater.com?grsf=w79pta

  

  +++++++++++++

  Great 360 Camera – This is the one that I use not only for real estate but motorcycling & gold prospecting.

  Direct from the manufacturer w/ Free shipping, special bonus accessory & even tax included.

  Click camera photo below for more details and to see actual 360 video & photos taken with this amazing marvel, direct from manufacturer . . .

  

  ++++++++

   

  Great DRONE Value 

  

• DISCLAIMER:

  Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.

Housing Market Homebuyer Demand