The Housing Market Is A Ticking Time Bomb

The housing market is teetering on the edge and could collapse at any moment. Recently, the Federal Reserve enacted a monetary tightening policy, sending mortgage rates skyrocketing to levels unseen in over two decades. ==================== 🏅*Learn How To Make over $10,000 A Month With Rentals:* https://www.richwithrentals.com My full step by step system is finally available! Learn my entire rental strategy how I get 100's of FREE leads a day, make over $50K a month and close 250 deals a year... all by working with RENTERS! Click the link above to learn more info. ❇️*Rentspree Sign Up Link:* https://www.rentspree.com/affiliate/andycoleman Use my link to sign up FOR FREE! This is the most widley accepted rental application platform in the USA to screen your tenants. Pro Tip: you can use just this 1 application and copy and paste it for ANY place you want. *Constant Contact 30% Off Discount Code:* https://www.constantcontact.com/partner-offer?pn=andycolemanexp&promotionCode=SAVE2023&intent=buy Use the link above to sign up for the best email marketing software and get access to all my templates that I created to get a 51% email open rate! 📝*Sign up for EXP Realty with me, Andrew Coleman as your Sponsor:* Get direct access to The Andy Coleman Team, Paul Saperstein Team and George Philbeck team! Email me for more information about onboarding and how I will sponsor you. 🧑‍🏫*Book a 1 on 1 Coaching/Team Building Session:* andy.coleman1186@gmail.com Reach out to me for private consulting and team building. =============== *My ENTIRE Camera Recording and Set Equipment:* https://www.amazon.com/shop/theandycoleman/list/39HEFSM6ZBBG5?ref_=cm_sw_r_cp_ud_aipsflist_aipsftheandycoleman_9C6D1CM2MMB3TEZ9QC35 ============= 📧 *For Business Inquiries:* 📲 Email: andy.coleman1186@gmail.com ========== *Instagram:* @theandycoleman ========= 💟Follow me on all of my *Socials:* 💟 Instagram: https://www.instagram.com/theandycoleman/ TikTok: https://www.tiktok.com/@theandycoleman Facebook: https://www.facebook.com/andy.coleman.exp/ Linkedin: https://www.linkedin.com/in/andy-coleman-24a070269/ ========== *My Websites:* Rentspree Reviews: https://www.rentspree.com/profile/andy-coleman EXP Leaderboards (Search by Sides, I'm #2): https://leaderboard.exprealty.com/ Andy Coleman EXP Website: https://andrewcoleman.exprealty.com/ ======== 👉 *Subscribe to my channel and press the bell 🔔 icon.* • https://www.youtube.com/@AndyColeman/videos ======== 📺 *Watch My Previous Videos:* 📺 🎬 *$1400/Day Real Estate Agent Lead Generation Free Strategy* • https://youtu.be/-xcg-ZdvgBw 🎬 *$500K A Year With FREE Rental LEADS As A Real Estate Agent* • https://youtu.be/6lTpikNrEuc =================== *Description:* Mohamed El-Erian, Chief Economic Adviser at Allianz, emphasizes the detrimental impact of these surging mortgage rates on both housing market demand and supply. The average 30-year fixed home loan rate reached a staggering 7.23% in the week of August 24th, 2023, the highest since 2001, as reported by Freddie Mac. The Fed's recent interest rate hikes, coupled with the possibility of more on the horizon, have introduced uncertainty and stagnation into the market. The housing market has shifted from a buyer's or seller's market to a renter's market. Buyers are finding themselves priced out of the market, while sellers are hesitant to let go of their homes, fearing the loss of their low-interest mortgages secured during the early pandemic years. The median home sale price remains elevated, with a year-over-year increase of 1.7% to $421,872 in July. Applications for home purchase mortgages have plummeted to a 28-year low, signaling a market standstill. Fed Chair Jerome Powell is committed to combating inflation but anticipates that it may persist until 2025, raising concerns of inflation's resurgence. With rates steadily rising since 2022, we confront an unsustainable market. The situation may cause an economic crisis, reminiscent of 2008. The future of mortgage rates remains uncertain, and the Federal Reserve's decisions in the coming months will play a pivotal role. Sam Khater, Freddie Mac's Chief Economist, underscores the recent volatility and the importance of monitoring the Fed's actions closely. ============================ *DISCLAIMER:* This Channel DOES NOT Promote or encourage any illegal activities, all contents provided by this channel are meant for INFORMATION only. Some of the links and other products that appear on this video are from companies which Andy Coleman will earn an affiliate commission or referral bonus. As an Amazon Associate I earn from qualifying purchases. Andy Coleman receives cash compensation from Public for sponsored advertising materials. Andy Coleman is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.