US In Danger Of Becoming A ‘Renter Nation’ As Home Prices Hit Record High, Says Investor

KEY POINTS

  • Every $1,000 increase in home price pushes 150,000 buyers away: Report 
  • Rental prices have dropped by 0.1% since last month: Report
  • Homebuying is currently led by people with jobs and equity

Rising demand for homes, unprecedented levels of mortgage rates and low supply have pushed home prices out of reach for prospective homebuyers, which could make America a ‘renter nation,’ Grant Cardone, a real estate investor, told Yahoo.

“Homeownership is still dead in this country because the only people that are buying homes right now are people that have equity, great credit, and a job,” Cardone said.

For every $1,000 increase in home price, 150,000 buyers are priced out of a possible home purchase, according to a recent report by the National Association of Home Builders (NAHB).

The fall season is known to be good for real estate as home prices fall during this time. Realtor.com, however, suggests

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Iowa Manufactured Homes Stand Up to ‘Inland Hurricane’ | Nation & World

DES MOINES and CEDAR RAPIDS, Iowa, Sept. 29, 2020 (SEND2PRESS NEWSWIRE) — One thing Iowans are familiar with is wild weather, says the Iowa Manufactured Homes Association (IMHA). Positioned in the heart of the Midwest, Iowa’s weather ranges from extreme cold and snow to temperatures in the triple digits. And let’s not forget tornadoes. Iowans see virtually everything mother nature can throw, but on August 10, 2020, the state was in for a record-setting weather incident.

What has been compared to an “Inland Hurricane,” a ferocious storm called a derecho swept across the state with winds equal to a Category 2 hurricane, taking down 100-year-old oak trees, stripping homes of roofs, destroying business complexes and more. But through it all, Iowa’s manufactured homes, generally perceived an easy target for wind and storm damage, stood up to the derecho.

“We’re blessed to say the least,” said Troy Hames, General Manager and

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