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KNTV NBC Nightly News With Lester Holt June 4, 2024 01:52:00

Difference of $370 a month. the surging mortgage rates are on top of record-high home prices increasing by 20% in the past year. the costly combo has prompted families to press pause on their search after struggling to land a home despite making ten offers and even going $50,000 above asking price. if we didn t lose out on the pricing we lost sometimes on the terms. the housing inventory is the lowest since 1999. as builders continue to be bogged down by lack of labor, lagging delivery times and the soaring costs of materials. everything is going up unbelievably due to the supply chain problems we have for wanna be homeowners, experts say consider expanding your search with location and type of home, improve your credit score and if you can tolerate mortgage rate hikes, hang tight competition should start to thin out in the months ahead, but only by so much. the market is still a ....

Mortgage Rates , Home Prices , Housing Inventory , Supply Chain Problems , Credit Score , Mortgage Rate Hikes ,

MSNBC MSNBC Reports June 4, 2024 15:58:00

Despite making ten offers and going 10 above asking prices. sometimes we lost on the terms. reporter: the housing inventory is the lowest since 1999. as builders continue to be bogged down by lack of labor, lagging delivery time and the soaring cost of material. everything is going up unbelievably due the supply chain problems we have. reporter: experts say consider expanding your search. both location and type of home. improve your credit score and if you can tolerate mortgage rate hikes, hang tight. competition should thin out in the months ahead but only by so much. buyers navigating a spring selling season unlike any before. something else worth noting. the number of renters hoping to eventually buy a home, the ....

Housing Inventory , Supply Chain Problems , Credit Score , Mortgage Rate Hikes , Something Else Worth ,

MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:17:00

5%, nearly two points from january. on a $400,000 loan that s a difference of nearly $370 a month. the surging mortgage rates are on top of record high home prices, increasing by 20% in the past year. the costly combo has prompted families like this to press pause on their search. after landing a home, even going $50,000 above asking price. if we didn t lose out on the pricing we lost sometimes on the terms. reporter: the housing industry is the lowest since 1999. as builders continue to be bogged down by lack of labor, and soaring costs of materials. everything is going up, unbelievable, due to the supply chain problems we have. reporter: for one of the homeowners, experts say consider expanding the surge type of location and home. and if you can tolerate mortgage rate hikes, hang tight. ....

Mortgage Rates , Home Prices , Housing Industry , Supply Chain Problems , Surge Type , Mortgage Rate Hikes ,