LoL....what do you expect a realtor to say when you ask him how the housing market is going?

Ever hear a realtor agree that a major correction is in the works? Nah, me neither...

25% still aint nothing when the prices are $1 million

Woohoo! This is fantastic news! Maybe normal people might have a shot at buying a house over the next couple years. 👍👍

I've lived in CA for a long time. I remember the last housing crash very clearly because I started closely following the market in 2004. The National Association of Realtors and the California Association of Realtors both denied any possible crash - even as the crash had started in late 2006. Anyone who is associated with the mortgage or real estate industries will never tell you the truth. Even if they admit there's a bubble, they always refer to a "soft landing" or a market "getting back to normal."

Capitalist speculation in housing should be illegal.

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.

Realtors are always going to protect their profits and deny any downturn the same way investment houses kept denying the market crash. Realtors were also the ones who kept pushing houses during the housing crisis. Owners ended up with the mortgages. But it didn't matter to realtors and loan officers because they already got paid.

Rents need to come way down..a studio shouldnt cost 2000+ I've seen some for 3000 ..2 beds for 6500

I've seen homemade KZread videos with more information than this. We have been in an investor market for a couple years now because of cheap interest rates. The investors have had their own economy buying and selling over-inflated houses setting their own "market rate".

0:34

The RE agent basically lost his mind. His professional opinion is nothing! He doesn’t look at his clients affordability, taxes, W2’s, bank statements etc. The LO does, the agent knows little. Its the lending officer that knows the true reality.

I dont trust realtors at all.

You ask a sale man if people still need their products. Of course he says yes and there is no crash.

I'm sure he said the same thing in 2008...

The realtor is wrong.

Hmm it's almost like something necessary like housing shouldn't be a traded commodity

Don't listen to that stupid greedy realtor. It's crashing and it's crashing hard.

Guess we'll just see then. Hopefully it crashes into the earth's mantle

San Diego should see 70% drop.