Mortgage Rates DOUBLE in ONE Year Home Sales are FALLING
When you think about mortgage interest rates doubling in just 1 year, that doesn't sound like a "normal" housing market. Thats because it isn't. These higher rates would be no big deal except 1 problem, housing prices are sky high and now because of that home sales, demand to buy homes and mortgage applications are all falling because people cannot afford homes at these prices and rates. We know rates will continue to go up for the foreseeable future. So the only way homes gets sold, is if prices come down. I offer 1 on 1 calls, book one if you'd like! https://michaelbordenaro.com/book-service/ ====== My Filming and Editing Equipment https://michaelbordenaro.com/my-youtube-gear/ ====== Sign Up for My Email list and Get Weekly Video Updates in Your Inbox! https://bit.ly/MBreminders Articles Mentioned in the Video https://www.floridarealtors.org/news-media/news-articles/2022/07/s-fla-housing-sales-drop-inventory-grows?utm_campaign=7-22-22+Florida+Realtors+News&utm_source=iPost&utm
This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.
This channel is all about the Florida lifestyle, Real Estate and Beach Stuff (I love the beach!). My main goal is to one day become financially free by making these videos, and sharing with you all the knowledge I have gained over the years about living in Florida and working as a real estate agent here. My goal of this channel is teach and inspire you to start living the best life you possibly can, with the resources that are available to you today. Moving to a new place is a big life decision. I share a ton of tips and things I have learned and mistakes I have made along the way that you can learn from as well.