Raunaq Singh (@raunaqsingh87) 's Twitter Profile
Raunaq Singh

@raunaqsingh87

Founder at Roam. Buy a home with a mortgage as low as 2% today with @movewithroam

ID: 1399108810904543235

linkhttps://www.withroam.com/ calendar_today30-05-2021 21:02:07

464 Tweet

2,2K Followers

779 Following

Gokul Rajaram (@gokulr) 's Twitter Profile Photo

During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%. The whiplash has shut out

Khosla Ventures (@khoslaventures) 's Twitter Profile Photo

Welcome Roam!! ✨ Roam is on a mission to unlock access to thousands of homes with assumable mortgages across the U.S. - making homeownership more affordable accessible 🏡

Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

Where Roam is seeing the most demand right now: 1. Markets like Atlanta, where homes take longer to sell and days on the market, are up +28d YoY. 2. Markets such as Denver, where a typical buyer can afford a ~$357k home at prevailing rates, the median sales price is ~$546k.

Where Roam is seeing the most demand right now:

1. Markets like Atlanta, where homes take longer to sell and days on the market, are up +28d YoY.

2. Markets such as Denver, where a typical buyer can afford a ~$357k home at prevailing rates, the median sales price is ~$546k.
TBPN (@tbpn) 's Twitter Profile Photo

We asked Raunaq Singh why he started Roam. "I polled 50,000 homeowners, asked them what their mortgage interest rate was, and if they’d like to sell their house on Opendoor (where I used to work)." "If they had a 7% mortgage, 90% of them would sell. If they had a 2%

Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

There have never been more Google searches for the "sell my house fast" keyword than there are now. It is hard to sell your house when 75 million families cannot afford it.

There have never been more Google searches for the "sell my house fast" keyword than there are now.   

It is hard to sell your house when 75 million families cannot afford it.
Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

From the The Wall Street Journal op-ed section this AM Homeowners locked in place are prevented from taking better jobs, having more kids, moving to a better school district. Assumability remediates the lock-in effect by helping them get more for their home and finding a new home they can afford

From the <a href="/WSJ/">The Wall Street Journal</a> op-ed section this AM

Homeowners locked in place are prevented from taking better jobs, having more kids, moving to a better school district.

Assumability remediates the lock-in effect by helping them get more for their home and finding a new home they can afford
Lance Lambert (@newslambert) 's Twitter Profile Photo

The 3% mortgage isn’t dead: Assumptions surge 127% as buyers take over old loans ---> ResiClub 🏡📊 asked the government for data on assumable sales—and it just came in today My latest ResiClub PRO report resiclubanalytics.com/p/housing-mark…

Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

One of the primary objections we get is that Roam is "too good to be true," but we're finding that this is never a concern when the buyer comes through ChatGPT

One of the primary objections we get is that Roam is  "too good to be true," but we're finding that this is never a concern when the buyer comes through ChatGPT
Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

Housing affordability is the #1 issue 50% of Gen Z supports socialism. A primary reason why is because they don’t have a stake in capitalism The way you gained a stake in capitalism was through housing If you don’t see yourself ever owning a home, where does that leave us?

Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

The feeling that the good times have passed you by is pervasive in many of the homebuyers we speak with each day Assumability not only restores affordability. It restores hope.

Raunaq Singh (@raunaqsingh87) 's Twitter Profile Photo

Key issue is younger families can’t afford the 300-400% monthly payment jump Median buyer at Roam is 35 and 88% of buyers are married If you want to help start more families, reduce their monthly mortgage payment