Today's fed rate hike bad news for consumers as housing crisis persists | FoxNews - GoFuckYourself.com

Bladewire · 06-13-2018, 11:23 AM

The bubble is about to explode

"Dan North, chief economist at Euler Hermes North America, told FOX Business that while today’s hike may be priced into the market, future hikes – of which three to four are expected this year – suggest the housing market is “entering an increasingly difficult situation.”"

"Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors (NAR), told FOX Business. “It’s not good news for consumers.”

Today's fed rate hike bad news for consumers as housing crisis persists | FoxBusine

The Federal Reserve raised its benchmark interest rate on Wednesday by one-quarter of a percentage point, which could add new obstacles for homebuyers in an already challenging housing market environment.

“Homebuyers are already being challenged because of the rising home prices – much faster than income growth – but the added push of interest rate growth is a double-whammy for consumers,” Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors (NAR), told FOX Business. “It’s not good news for consumers.”

The NAR said home prices rose in April, marking their 74th month of consecutive year-over-year gains. The median home price was $257,900 in April, up more than 5% from the year prior.

Adding higher mortgage rates to that picture could put homeownership out of reach for some buyers on the margin. A rate hike on Wednesday marks the central bank’s seventh since the end of 2015.

However, what may be more important for housing market watchers is the Fed’s future projections as it continues on the path toward policy normalization.

Dan North, chief economist at Euler Hermes North America, told FOX Business that while today’s hike may be priced into the market, future hikes – of which three to four are expected this year – suggest the housing market is “entering an increasingly difficult situation.”

The 30-year fixed mortgage rate climbed to its highest level in seven years in recent weeks. Rates rose 15 out of the first 21 weeks of this year, the largest share since at least 1972.

Higher mortgage rates could also exacerbate the inventory crunch if they deter current homeowners from selling and buying a new property at those higher rates.

OneHungLo · 06-13-2018, 04:41 PM

Your dream come true. You hate America so much you would love nothing more to have the real estate market crash. Of course you probably don't even own a piece of property like most of the libby cry babies on here.

GFED · 06-13-2018, 04:47 PM

Rochard · 06-13-2018, 04:57 PM

Oh god I hope not.

directfiesta · 06-13-2018, 05:30 PM

Quote:

Originally Posted by OneHungLo

Your dream come true. You hate America so much you would love nothing more to have the real estate market crash. Of course you probably don't even own a piece of property like most of the libby cry babies on here.

So do you .... a cardboard box does not count as a dwelling ...

I only have one in the USA , located in Pompano Beach, Florida;
More precisely on Riverside Drive, between Atlantic and 14th street
More precisely on the West side of Riverside Drive, directly on the intracoastal ( gives it is value .. ) and 800 feet front the beach .... 2 beds, 2 bath ...1200 sf

What should piss you off more is that from April till November, it sits empty ... Na... I don't need to rent it , too many headaches , and since I am wealthy enough, I can give you a big

( You want me to list my properties at home ... lol )

directfiesta · 06-13-2018, 05:31 PM

Oups ... forgot : It was paid CASH in 2011 and has no mortgage .... Fuck I like being me ....

OneHungLo · 06-13-2018, 05:35 PM

Quote:

Originally Posted by directfiesta

So do you .... a cardboard box does not count as a dwelling ...

I only have one in the USA , located in Pompano Beach, Florida;
More precisely on Riverside Drive, between Atlantic and 14th street
More precisely on the West side of Riverside Drive, directly on the intracoastal ( gives it is value .. ) and 800 feet front the beach .... 2 beds, 2 bath ...1200 sf

What should piss you off more is that from April till November, it sits empty ... Na... I don't need to rent it , too many headaches , and since I am wealthy enough, I can give you a big

( You want me to list my properties at home ... lol )

Fortunately I own several million in real estate, not some fucking shitty condo (basically a glorified apartment you rent from a condo association)

haha and I bet it's not even yours...it's probably like your mom or dad's

directfiesta · 06-13-2018, 05:43 PM

Quote:

Originally Posted by OneHungLo

Fortunately I own several million in real estate, not some fucking shitty condo (basically a glorified apartment you rent from a condo association)

haha and I bet it's not even yours...it's probably like your mom or dad's

Mom and dad are dead .. Thx ...

OneHungLo · 06-13-2018, 05:48 PM

Quote:

Originally Posted by directfiesta

Mom and dad are dead .. Thx ...

Well I take that back since I didn't know ...

Bladewire · 06-13-2018, 06:30 PM

Quote:

Originally Posted by OneHungLo

Fortunately I own several million in real estate, not some fucking shitty condo (basically a glorified apartment you rent from a condo association)

haha and I bet it's not even yours...it's probably like your mom or dad's

Oh here we go again

Mr. Anonymous wants us to believe he owns millions in real estate but refuses to verify 'cause it's the interwebs & he's super private but we have to take his word for it because it's super true, really!

OneHungLo · 06-13-2018, 07:53 PM

Quote:

Originally Posted by Bladewire

Oh here we go again

Mr. Anonymous wants us to believe he owns millions in real estate but refuses to verify 'cause it's the interwebs & he's super private but we have to take his word for it because it's super true, really!

GAMEFINEST · 06-13-2018, 08:10 PM

Lets see what happens.

06-13-2018, 11:23 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Today's fed rate hike bad news for consumers as housing crisis persists \| FoxNews The bubble is about to explode "Dan North, chief economist at Euler Hermes North America, told FOX Business that while today’s hike may be priced into the market, future hikes – of which three to four are expected this year – suggest the housing market is “entering an increasingly difficult situation.”" "Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors (NAR), told FOX Business. “It’s not good news for consumers.” Today's fed rate hike bad news for consumers as housing crisis persists \| FoxBusine The Federal Reserve raised its benchmark interest rate on Wednesday by one-quarter of a percentage point, which could add new obstacles for homebuyers in an already challenging housing market environment. “Homebuyers are already being challenged because of the rising home prices – much faster than income growth – but the added push of interest rate growth is a double-whammy for consumers,” Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors (NAR), told FOX Business. “It’s not good news for consumers.” The NAR said home prices rose in April, marking their 74th month of consecutive year-over-year gains. The median home price was $257,900 in April, up more than 5% from the year prior. Adding higher mortgage rates to that picture could put homeownership out of reach for some buyers on the margin. A rate hike on Wednesday marks the central bank’s seventh since the end of 2015. However, what may be more important for housing market watchers is the Fed’s future projections as it continues on the path toward policy normalization. Dan North, chief economist at Euler Hermes North America, told FOX Business that while today’s hike may be priced into the market, future hikes – of which three to four are expected this year – suggest the housing market is “entering an increasingly difficult situation.” The 30-year fixed mortgage rate climbed to its highest level in seven years in recent weeks. Rates rose 15 out of the first 21 weeks of this year, the largest share since at least 1972. Higher mortgage rates could also exacerbate the inventory crunch if they deter current homeowners from selling and buying a new property at those higher rates.

06-13-2018, 04:47 PM	#3
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	__________________ https://www.flow.page/savethechildren

06-13-2018, 04:57 PM	#4
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,911	Oh god I hope not. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

06-13-2018, 08:10 PM	#12
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,418	Lets see what happens. __________________ Compound interest.

06-13-2018, 04:41 PM	#2
OneHungLo So Fucking Banned Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 40,910	Your dream come true. You hate America so much you would love nothing more to have the real estate market crash. Of course you probably don't even own a piece of property like most of the libby cry babies on here.

06-13-2018, 05:31 PM	#6
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Punta Cana, DR Posts: 29,585	Oups ... forgot : It was paid CASH in 2011 and has no mortgage .... Fuck I like being me ....