US EditionWarren Buffett's Berkshire Hathaway and Zillow say mortgage rates can't fall enough for Americans to afford a home
UNITED STATES, AUG 1 – Mortgage rates near 7% and home prices up over 50% since the pandemic restrict affordability, with even zero rates insufficient in the most expensive U.S. metro areas, analysts say.
Summary by Fortune
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Warren Buffett Once Called Mortgages A 'Terrific Deal' — Now Zillow Analyst Says Even 0% Rates Can't Make Homes Affordable In America - Zillow Gr (NASDAQ:Z)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) and Zillow Group Inc. (NASDAQ:Z) have expressed concerns that mortgage rates are unlikely to decrease enough to make homes affordable for the average American. What Happened: Despite a slight decrease, the current 30-year fixed mortgage rate stands at 6.75%, as reported by Fortune. Economists and real estate groups are not optimistic about a significant change in this figure in the n…
·New York, United States
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Warren Buffett's Berkshire Hathaway and Zillow say mortgage rates can't fall enough for Americans to afford a home
Mortgage rates are approaching 7%, but one Zillow analyst says even a 0% interest rate still wouldn't make a typical home affordable in some areas.
·New York, United States
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Total News Sources2
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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