Welcome to the WORST Housing Affordability Since 1989! скачать в хорошем качестве

Welcome to the WORST Housing Affordability Since 1989!

The affordability of housing in the US continues to get worse and worse, placing it out of reach for more and more Americans. Get one-on-one coaching with Matthew Pillmore: ► http://www.FreeCoachingCalendar.com Get your FREE Cash Flow Cruncher budgeting spreadsheet here: ► http://www.cashflowcruncher.com It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel! It was more expensive to buy a house in the United States in June than it has been for more than three decades. This was because the all-time high prices of homes clashed with the run-up in mortgage rates. The National Association of Realtors home affordability index, which factors in household income, mortgage rates and the sales price of existing single-family homes, fell to 98.5 in June, which marks its lowest reading since June 1989, when the index was at 98.3. According to the NAR, the average existing single-family sales price was $423,300 in June and the median mortgage interest rate was 5.6%, with a median household income of $91,952. In June 1989, the median existing single-family sales price was $94,800, mortgage rates were 10.6%, and median household income was $34,128, according to NAR. This means that the current average existing single-family sales price is 4.6 times the current median household income, while it was 2.8 times the median household income in 1989. Seems like we’re far worse off today, but remember that the mortgage rate back in 1989 was 10.6% while it was sitting at 5.6% back in June of this year. So if we compare the two we find that back in 1989 the average home cost approximately 30.7% of the median household income, while in June of this year it cost approximately 31.7%, showing just how much of a difference that additional 5% made back in 1989. That interest rate makes quite a difference! And we’ve seen that difference in the recent rise in rates. According to the NAR, the typical monthly mortgage payment rose in June to $1,944, compared with $1,297 in January, and $1,265 in June 2021, assuming a 30-year fixed-rate mortgage with a 20% down payment. Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you! ► http://www.investmentanalysisworkshee... Want more actionable financial tips and tricks like this one? Check out our YouTube channel here    / vipfinancialed   Make sure to check out our social channels for more insight and industry news! Facebook -   / vipfinancialeducation   Instagram -   / vipfinancialed   Instagram (Lifestyle) -   / vipfinancialedlifestyle   Twitter -   / vipfinancialed   LinkedIn -   / vipfinancialed   BBB A+ Rating - https://www.bbb.org/denver/business-r... Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content. #housingbubble2022 #realestate #housingmarket