The New American Housing Crisis Has Landed
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Go to https://ground.news/casual for a better way to stay informed. Subscribe for 40% off unlimited access to world-wide coverage through my link. Mortgage rates near 7%, sellers outnumbering buyers by a record amount, builders slashing prices, yet home prices are higher than a year ago for the 38th straight month? The help for homebuyers was supposed to make homes more affordable. It just raised prices instead. In this video, I'll break down: • How higher mortgage rates ended up pushing home prices up, not down. • Why a brand-new house now costs about $25,000 less than a used one. • Why builders cutting home prices is starting to end. • What rising mortgage rates does to the housing market. • Why the government's help keeps landing in the seller's pocket. 👉 I post everyday here: https://www.instagram.com/casuallyfinance/ All illustrations, visuals, and animations in this video are original and hand-drawn by a freelance artist. Disclaimer: The information provided in this vide
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