This is the first time that the majority of surveyed adults is saying that now is not a good time to buy a home.

Homebuyers Facing Uphill Battle

Adding insult to spiking home prices, mortgage interest rates climbed to 5.6% last week, an increase of more than two full percentage points compared to last year’s rates at this same time.

Interest rates are taking an extra hit as the Federal Reserve uploads its balance sheet of mortgage-backed securities.  The 30-year fixed rate is now up +86.75% compared to last year at this time and the 10-year Treasury note is up +96.26% when compared to last year.

Are you ready to learn what your DISC personality style is? You know it’s critical that you understand what your natural personality style is. Once you have obtained this knowledge everything in your business and personal life will change for the better. Tim and Julie Harris are making it super simple for you to have this powerful info. Now, text the word YOU to 47372, and when you do you will instantly receive a special exclusive text link. Next, you will complete your own DISC personality test.. the results will be shared with you instantly once you complete the simple and fun test, no strings attached. Simply text the word YOU to 47372 and click the link.

P.S. (Limited time: no charge to take the complete test)

* 4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy:

What Happens If –

According to CNBC, if the 30-year fixed-rate mortgage with a 20% down payment rises to 5.75% (not at all unlikely), the monthly mortgage payment on an average home would be $1,867.  With a 10% down payment on a 30-year fixed-rate mortgage, the average monthly mortgage payment would come in at $2,000.

And then there are the chilling effects of increasing home prices that continue increasing due to unabated demand amid skimpy housing inventories.  According to the S&P CoreLogic Case Shilling National Home Price Index, home prices have increased +34% since the onslaught of the COVID pandemic.  No, Millennials and Gen-Zers have never before seen anything like these home prices nor interest rate hikes.

Americans Never More Bearish about Homebuying

More Americans than ever are saying now is not a good time to buy a home.  According to Gallup’s Annual Economic and Personal Finance poll taken April 1 – April 19, just 30% said that now was a good time to buy a home, a drop of -23% points from one year ago.

This is the first time that less than 50% of participants in Gallup’s annual economic and personal finance survey have said that now was a good time to buy a home.

With home prices up +34% since the beginning of the pandemic and monthly mortgage payments now costing nearly +$800 more than since the pandemic beginnings, it’s no wonder that now is not a good time to buy a home.

URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available. 

Thanks to CNBC, Gallup, and S&P CoreLogic Case Shilling National Home Price Index.

Claim Your FREE Real Estate Treasure Map!