Its Over! Buyers Market on the Rise | Housing Market Update
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The housing market is shifting as inventory rises sharply. Economist Brian Nick predicts this will push prices down in the next few months.
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Caryn Krooth Gardiner
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San Diego housing market will never never come down 😁😁😁
Your channel is way underappreciated...GREAT CONTENT
@CarynGardiner
24 күн бұрын
Thank you so much 🙏🏼
Caryn , most houses going pending in 2-3 days here. Many over asking, one just went for 8% over
I feel like California and Washington and New York need it’s separate analytics.. no one should be surprised that homes with all of this land are having prices drops.
Hey Caryn , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
I am following a couple of particular markets in what could be called "vacation areas." It's a small sample, but there are price cuts flooding in. I saw a house that sold for $270k not too many years ago on the market for $1.2M.... not gonna happen, good luck with that. A lot of sellers are being hit with brutal reality.
Inventory will rise, then interest rates will decline causing prices to rise again according to a lot of analysts. Hard to catch a break in this environment.
@follower91455
24 күн бұрын
I think those analysts calling for rate cuts are optimistic and are moreso calling for what they want rather than being realistic
@follower91455
24 күн бұрын
And rates aren't the only important stat here. People aren't paying enough attention to the money supply which is going down quickly. That will tighten lending standards even more, even with lower rates.
@josecuervo3351
23 күн бұрын
Rise of inventory without context is meaningless. What driving is the increase of inventory is decreasing demand, which is in itself driven by unaffordability. The current home prices where sustained by interest rates in the 2 to 3 percent range, and those are not coming back unless we reach a severe recession. Sellers are not selling their homes because buyers simply do not have the means to buy those homes.
@CarynGardiner
23 күн бұрын
Agree. Also sellers are holding onto their low interest rate because it’s cheaper to stay than to sell and buy with todays rates
Dont buy!!!!! Market is a huge bubble
@ZER0_G
5 күн бұрын
Um, not everywhere.
Realtors try to scam people is not time to buy is time to stay away from. This market high price high rates who is stupid to but
@lee-ridgeway
19 күн бұрын
😢 unfortunately me 😢 new job, had to move. Just gotta stay long enough to make up for buying at peak price I guess. 😅
@ZER0_G
5 күн бұрын
@@lee-ridgeway I believe in you.