Debt Ceiling 2023 Explained: Housing Market

Today #RealtyBITES video, takes a closer look at how the pending debt ceiling impacts the housing market and you as a homeowner or simply if you are looking to be a first-time buyer.

Reaching the debt ceiling limit could have a wide effect across the US economy due to the instability created by paused government spending and as well as the risk to interest rates.

If an agreement is not reached to suspend or increase the debt ceiling soon, the Treasury will run out of its available exhaustive measures and the economy could be in trouble.

While it has never happened before, there would be a host of consequences that would be felt across the entire economy, hurting the financial well-being of investors across the world.

Mortgage rates could increase along with the rates on Treasury bonds and affording a home for some people may become even more challenging than it already is.

The debt ceiling crisis can have various implications for the housing market. Here are a few ways it could potentially impact housing.

Content of Debt Ceiling: Housing Market Impacts Revealed

00:00 - Intro
00:25 - Brief Overview
02:26 - Consumer confidence
02:43 - Housing market stability
03:06 - Government programs and support
03:28 - Investor sentiment
03:54 - The decline in housing prices
04:15 - Increase in foreclosures
04:43 - Enjoying this video?
04:53 - Limited access to credit
05:15 - Slower housing market activity
05:35 - Negative equity and underwater mortgages
05:57 - Decreased construction and investment
06:17 - Conclusion
06:57 - Happy ending

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