2023 Real Estate Trends: Should You Buy a House Right Now?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 20 March 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey Everyday Millionaires,
0:12.0	where we talk investing, retirement, building wealth,
0:15.0	and outrageous generosity.
0:17.0	And today's question comes from Julie and the baby steps
0:21.0	millionaires group.
0:22.0	I'm saving 20% down to buy a house in 2023,
0:26.0	but this mortgage rates keep me worried.
0:29.0	And are we really going to buy a 6% to 7% rate next year?
0:34.0	People's incomes are not growing as much.
0:38.0	What are your thoughts?
0:40.0	It will take longer to save money for a down payment.
0:44.0	Yeah, and it is hard.
0:45.0	I mean, if you're seeing increases of interest rates,
0:48.0	and the price of housing has kind of...
0:51.0	I feel like it's definitely cooled off.
0:53.0	Deadied, yes.
0:54.0	Has been increasing at the same rate.
0:56.0	No, no.
0:57.0	But the interest rate is having people worried.
0:58.0	And so, Julie, I mean, just looking at the math,
1:01.0	we always talk about a down payment of 10 to 20%.
	...

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