The housing market is 'pretty dire' for younger Americans, says Realtor.com's Danielle Hale

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Published 2024-05-07
Danielle Hale, Realter.com chief economist, joins 'Squawk Box' to discuss the housing crisis facing young Americans, impact of interest rates on the housing market, and more.

All Comments (21)
  • @DorathyJoy
    I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
  • @KristinPMosher
    Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.
  • @VuNguyen-xp4qc
    Wow . She says that income is growing faster than the home price. 😂
  • @JxLx2022
    not just younger.. anyone who doesn't have a high salary .. a salary of $250k or more... or already have a house.. your kinda sccrewed... not just younger..
  • @kortyEdna825
    Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
  • @Seanpfree
    What is she talking about??? Incomes caught up to home prices?? When?? Where??
  • @mobfxtrading
    She said wages growing faster then home prices? where did you find this girl
  • @rd24life
    It has only gotten more dire for roughly 25 years. Housing was affordable from the year 1870 until the early 2000s. It has been a transfer of wealth from the young to the old. I thought you prepare the country for the next generation, not rob their future
  • @Scrunchie_777
    How are you gonna report about young people affected by housing and interview some old rich lady. And the housing situation isn't just 'pretty dire' it's completely catastrophic.
  • @Seanpfree
    This is THE END of first time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us, it never has been. We've been checked out, not by choice
  • @PetsyColie
    The corruption that runs through this administration is getting scarier. I feel sympathy for people with disabilities not getting the help they deserve. Most fogies can't afford shelter anymore, Imagine investing $1,000 and receiving $4,300.
  • @i6power30
    People in the wealthiest and most powerful country in the world struggle with housing and healthcare.
  • Always fun listening to people that are out of touch with reality speak on the average American consumer
  • @dystopia-usa
    It's dire for anyone not in a $120K/year+ household - which is what you need minimum to afford the median priced $400K house in the USA today. Where you live also has a huge impact.
  • @mrxiong2567
    Everyone is having trouble buying a home... even people who own and wants to sell and then buy back in.
  • @icu1585
    Give first time buyers a 2% interest rate