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Housing Market Challenges Intensify And Expert Warns, 'If You're A Parent Of Gen Z Kids, Get Used To Them Living In Your House For A While' [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Mitch Roschelle, managing director at Madison Ventures+, described the timing as the worst of the year, with mortgage rates reaching their highest since last November. He conveyed his concerns during an interview on Fox Business's' "Varney & Co." The average rate for a 30-year fixed mortgage is 7.375%. Roschelle anticipates an increase in these rates, compounding the difficulties for new entrants into the housing market. He highlighted additional financial burdens, such as rising property taxes and insurance costs, which are inflating the overall expense of homeownership. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Want To Grow Your Wealth Passively? Unlock Real Wealth with Cityfunds' Exclusive 8% Yield Fund Rising costs aren't just a burden for renters. Landlords are facing a similar squeeze. Property taxes and insurance premiums are on the
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