With mortgage rates hitting a shocking 23-year high and consistently remaining above 7%, builder confidence is shaking to its core. In this episode, I, John Schink of Deerwood Realty, delve deep into the latest National Association of Home Builders/Wells Fargo Housing Market Index to shed light on the severe decline in builder sentiment. Discover why buyers, especially the younger generation, are feeling the pinch and how this environment is forcing builders to resort to drastic measures. Can builders adjust to this new challenging landscape, or will housing affordability remain a pipe dream? #MortgageRates, #BuilderConfidence, #HousingCrisis Subscribe on Youtube! https://www.youtube.com/c/Deerwoodrealtystl?sub_confirmation=1 Also on Rumble https://rumble.com/c/deerwoodrealty Want to be social? Locals.com https://deerwoodrealty.locals.com Facebook https://www.facebook.com/DeerwoodRealty/ Twitter https://twitter.com/deerwoodrealty Instagram https://www.instagram.com/deerwoodrealty On the Twitter Real Estate News and Commentary https://www.nahb.org/news-and-economics/press-releases/2023/10/mortgage-rates-well-above-7-percent-continue-to-hammer-builder-confidence? Drop me a line @ media@deerwoodrealtystl.com We’re online at https://www.deerwoodrealtystl.com/ ... https://www.youtube.com/watch?v=vjKHPVq_8fc

Check out www.deerwoodrealtystl.com for more realty news! #HousingActInsight #CommunityRevival #MissouriRealEstate #PollTime #MissouriHousing #UrbanRevitalization #RealEstateLaw #CommunityDevelopment #HousingLegislation #CommunityImpact #PropertyLaw #MissouriCommunity ... https://www.youtube.com/watch?v=LzRiNFqO8hg

... https://www.youtube.com/watch?v=jF6m-jcYA7U

In today's episode, we dive deep into the state of the U.S. housing market, shedding light on the rising mortgage rates and their far-reaching implications. With many experts predicting rates to remain above 5% until 2025, buyers across the nation are feeling the pinch. A recent survey by U.S. News & World Report reveals a prevalent sentiment of buyer's remorse, as over half of recent homebuyers lament purchasing during times of high rates. But there's more to the story: the under-discussed strategy of mortgage assumptions, particularly in the realm of VA loans. We'll discuss the pros and cons for both buyers and sellers and provide insights on how to navigate this tricky landscape. Whether you're a buyer contemplating a purchase, a homeowner considering selling, or simply keen to understand the shifts in the market, this episode promises to offer valuable insights. Join us as we unravel the complexities of the current housing market and mortgage rates. #MortgageRates, #HousingMarket, #LoanAssumption Subscribe on Youtube! https://www.youtube.com/c/Deerwoodrealtystl?sub_confirmation=1 Also on Rumble https://rumble.com/c/deerwoodrealty Want to be social? Locals.com https://deerwoodrealty.locals.com Facebook https://www.facebook.com/DeerwoodRealty/ Twitter https://twitter.com/deerwoodrealty Instagram https://www.instagram.com/deerwoodrealty On the Twitter Real Estate News and Commentary https://www.8newsnow.com/news/national-news/mortgage-rates-fuel-buyers-remorse-create-opportunities-for-loan-assumptions/ https://moneytips.com/are-fha-loans-assumable/ Drop me a line @ media@deerwoodrealtystl.com We’re online at https://www.deerwoodrealtystl.com/ ... https://www.youtube.com/watch?v=_M-tp6cvHgU