Discover the hidden factors driving high home prices in the housing market! Join me, Mike Mills, as I break down the complex relationship between supply, demand, and affordability in this must-watch YouTube video. Learn how the lack of supply is causing a shortage and leading to elevated prices in the real estate market. Gain valuable insights into the impact of interest rates and external influences on housing affordability. With my conversational and friendly tone, I'll guide you through the key factors driving high home prices and monthly payments. Don't miss out on this opportunity to increase your understanding of the housing market and make informed decisions. Watch now and take the first step towards achieving your homeownership goals!
The key moments in this episode are:
00:00:15 - Introduction,
00:01:45 - Overview of the Housing Market,
00:05:37 - Factors Impacting the Housing Market,
00:09:17 - Relationship Between Fed Rates and Mortgage Rates,
00:11:40 - Impact of COVID-19 on Interest Rates,
00:13:15 - The Impact of Cheap Money on Housing Demand,
00:14:35 - Challenges in Meeting Housing Demand,
00:15:57 - Surge in Home Prices,
00:17:08 - The Impact of Interest Rate Hikes,
00:23:13 - Comparing the Past and Present Housing Market,
00:26:09 - The Impact of Short Supply on Home Prices,
00:29:37 - The Relationship Between Interest Rates and Mortgage-backed Securities,
00:32:57 - Understanding the Impact of Interest Rates on Monthly Payments,
00:35:10 - Temporary and Permanent Buy Downs,
00:38:39 - Understanding Permanent and Temporary Rates,
00:39:20 - Does It Make Sense to Buy Down a Rate?,
00:41:00 - Considering Closing Costs,
00:44:29 - Importance of Working with Trusted Partners,
00:45:25 - Predicting Future Interest Rates,
00:51:16 - Impact of New Expenditures on the Economy,
00:52:17 - Buying a House and the Effect of Interest Rates,
00:53:32 - Current Buyer's Advantage in the Housing Market,
00:54:18 - When to Consider Refinancing,
01:02:36 - The Potential for Creating Generational Wealth,
01:03:17 - Promoting YouTube Channel and Podcast,
01:03:34 - Assistance Offered and Closing Remarks,
01:02:36 - The Importance of Market Awareness,
01:03:17 - Growing the Podcast,
Connect with me here:
https://www.linkedin.com/linkedin.com/in/mike-mills-49a09621/
https://www.facebook.com/facebook.com/millsmortgage/
https://www.youtube.com/youtube.com/@mikemillsmortgage
https://www.youtube.com/youtube.com/@mikemillsmortgage
https://www.twitter.com/twitter.com/mikemillsMTG
The resources mentioned in this episode are:
Visit the Mike Mills Mortgage and Finance website to learn more about our services and expertise.
Follow Mike Mills Mortgage and Finance on social media for updates, tips, and insights on the housing market and interest rates.
If you have any questions or want to engage in a live chat, join the next live session and ask your question in the chat.
Explore the website for information on refinancing options and when it might make sense for you to refinance your home.
Check out the resources section on the website for helpful articles and guides on real estate and finance topics.
Sign up for the Mike Mills Mortgage and Finance newsletter to receive regular updates, tips, and exclusive content.
Contact Mike Mills Mortgage and Finance directly for personalized advice and assistance with your mortgage and finance needs.
Share this video with friends, family, or colleagues who might be interested in the housing market and interest rates.
Consider subscribing to the Mike Mills Mortgage and Finance YouTube channel for future videos on real estate and finance topics.
Stay tuned for future live sessions and make sure to join to continue learning and staying informed about the housing market and interest rates.
