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I shouldve bought a house in 08 instead of wasting my time in middle school 😅😂

@JBoy340a

10 күн бұрын

It is a cycle that repeats every decade or so. Home buying opportunities will come again. Just be sure you have the assets to take advantage of the opportunity. Remember it is called a "Window of Opportunity because it opens AND closes"

@s.gharavi1614

9 күн бұрын

Slacker

@joesmith3590

7 күн бұрын

The is totally false. It is not a cycle that repeats. Go look at the all time home price chart. It has only gone down 2 times ever more than a few percent. Stop the lies.

I’d imagine in most of the country, if you take out the rich buying houses the rest of the market is seeing price declines.

@nitroneonicman

10 күн бұрын

Exactly this

@agentcrypto7741

10 күн бұрын

Yup I remember calling this months ago. The median sales price data is being manipulated to the upside given the majority of transactions are being done in the upper segment of the market.

The increase in sales of very expensive homes is telling. The Washington state auditor just came out with a report that $1.1 billion of COVID funds (mostly fed dollars), were mis-spent or not accounted for. This was unemployment, medicare, jab rollout funds, and business compensation, mainly. I also know that billions were lost in federal small buisness loans that were frauduent. No-bid contracts abounded during the period as well. The CV period was probably the biggest period of governement waste that has ever been seen. All this money ended up in someone's hands (not mine, not in any of my friends). And that money is chasing high-priced items, real estate being one of them. This is killing the housing market for the average person, imo. This country is a mess.

@tj2791

10 күн бұрын

"jab"🤣🤣🤣

@agentcrypto7741

10 күн бұрын

I saw it with my own eyes (used to be a teller).PPP loans being forgiven. 800 billion dollars in that alone.

@themarkandmelteam

9 күн бұрын

Absolutely 💯

Hey Jason! I noticed you mentioned in the video that the number of homes selling for over a million dollars was due to the rise of the median home sale price. I personally think that its the opposite, I think the median home sale price is being caused by more million dollar plus homes being sold. I think this is an important distinction since I think one suggests ALL home prices are going up and the other suggests that all but the most affluent buyers have dropped out of the market. I think the second is more realistic and supported by the low sales volume.

@besnkinic

10 күн бұрын

absolutely true. ppp recipients that own businesses, that didn't slow down at all during covid made millions and i know some bought homes with cash, and of course they are $1m+ homes in wealthy Beach areas.

@user-oy5wk6sg5f

9 күн бұрын

Get a bettwe talking point Travis. No one is buying it anymore.

@nitroneonicman

9 күн бұрын

@@user-oy5wk6sg5f bettwe? BETTWE? 😂🤣

I’m in escrow for a 540,000 Natomas Home and TBH I happy. I can make the payment, had no competition, it was just 1,000 more than what I was paying for rent for triple the space. Even if things go down I have a great home in a great location that I can afford. I think it’s all case by case for people.

Thank you! The local videos are the best

@JasonWalter1

10 күн бұрын

Glad you like them!

Great insights! It's essential to stay updated with these trends, especially for making informed real estate decisions. Thanks for sharing!

This should be a good video!🙌👍 Checking in from Santa Cruz ca🤙

@JasonWalter1

10 күн бұрын

Hope you enjoy! I went to UCSC and lived in SC for a couple years after graduating. Beautiful area.

There are some houses in certain cities CA for million dollars and it’s in the ghetto. No thanks I’ll pass. I looked at my job in California and the state I live in it pretty much pays the same where I can get a house for $400,000 and it’s really nice and in a safe neighborhood

@wreckim

10 күн бұрын

True. But also true is that if you buy a $1M in Cali, it will be likely worth $2M in 2035. Then you can move to your state and buy the block of homes etc...Cali is just crazy.

@JBoy340a

10 күн бұрын

@@wreckim And Prop 13 will hold the buyer's property tax increase to a max of 2% or the purchase price/year. We have a house in Texas and have seen over $10K tax increase in one year.

@s.gharavi1614

9 күн бұрын

California is an absolute rip off. If never suggest anyone moving here. Don't listen to these people.

Seems like Ca has no inventory states like texas and Florida has tons of inventory Ca is like New york a rat race dream with those rates and home prices😂

@MaddieBr

10 күн бұрын

Zoning and permitting costs in CA make new housing very expensive to build. This keeps a cap on inventory vs. TX where overbuilding is easy.

@JBoy340a

10 күн бұрын

Texas has tons of unsold inventory for both new and existing homes.

@CaptureCat88

10 күн бұрын

Explain why when I go on Zillow I see tons of available places both for rent and for sale. Just the prices are too high.

@JoeGarcia-cg1pp

10 күн бұрын

@CaptureCat88 supply vs demand supply is no where near those of TX or FL I bet that and your squatter rules Newsom has made doesn't help too scary being a landlord in Communist CA lol

We just picked up a five bedroom 4 bath home in Plumas Lake for 514k

Going to be interesting to see sales drop off even more b c the buyers agent change

@JasonWalter1

10 күн бұрын

IMO that shouldn’t impact sales or the market in general.

@wreckim

10 күн бұрын

That was supposed to make it cheaper to buy a home. It won't. The more things change, the more they stay the same, kind of thing.

This analysis would be interesting to see by california counties.

@JasonWalter1

10 күн бұрын

Stay tuned likely later this week for CA county update.

Could you please look at CT home prices?

Do you think Marion county Florida will crash ty

Thanks for the great analysis. The obscene inflation of housing prices began when the FED lowered the rates to low for too long. It will take not lowering interest rates to let this dust settle. It will take another year we believe.

You have record high selling prices because California still lacks inventory. Supply and demand. Where I live (Napa Valley) there isn’t much to choose from if you’re looking to buy.

Happy Nerdy Monday Jason, by my dumb math😂🤣😂

@JasonWalter1

10 күн бұрын

Happy Monday Steve!

The median home price in the next community over just hit $1.5 according to Realtor. It is strange to see such disparity with a few homes around $600,000 and many in the 1.5 to 3 million dollar range. The question in our area is, will they sell? If so, it is likely from transplants as our median income in our area was in the $80,000s at 2020 census.

Mahalo good morning 🌴🤙🏽🍍👍🏽🇺🇸

@JasonWalter1

10 күн бұрын

Good morning!

I didnt even know there were below 500k homes in socal lol

Can you cover Phoenix, Az?

been trying to buy a house with my wife east of LA area for the past like 5 years, every year its like we just need to save a little more, and the prices go up a little more. were so depressed. we hate our living situation, and we feel like we'll never get a house or if we do it'll be such a ridiculous hit to our savings. nothing below 900k is even decent, and if I'm being honest most of the houses I truly want are up over 1.1. i wish i was more succesful. I don't think we'll ever even consider kids. we only have a few years left but we cant even afford a home.

Pricess will come down again. When people do not have jobs and there is no one to buy these homes, the economic forces will warrant prices to drop. It simply is not sustainable.

@Needglory23

10 күн бұрын

🙄

@TarmacSkin

9 күн бұрын

Ive been hearing that since the pandemic started

@Zulu345

9 күн бұрын

@@TarmacSkin Be patient. Look behind the scenes. All the big boys are unloading and selling everything. They always have us holding the bag. It's coming. Go visit a car lot who's buying? We are in it. It takes time to unravel.

@s.gharavi1614

9 күн бұрын

​@@Zulu345unfortunately, you are incorrect. Home prices won't decrease overall. Some asset prices have dislocated from the general economy and it's not likely to snap back.

@Zulu345

9 күн бұрын

@@s.gharavi1614 Well we agree to disagree. It by no means makes me wrong. The prices are just not sustainable. Warren Buffett has all his money in cash right now. All the big boys see it. It is the unsophisticated consumer who always sees it last.

After 30+ years of living in Cali, I think is time to go.

Where is this crash in prices I keep hearing certain KZread’s preach about on a daily basis??

@seestuff09

10 күн бұрын

Texas and Florida.

@SunZuu1

10 күн бұрын

@@seestuff09 agree, but these people have been talking about a 20%-30% crash for the last 4 years. Good thing I care about neither of those states.

@renelopez2244

10 күн бұрын

Austin

@seestuff09

10 күн бұрын

@@SunZuu1 o it’s coming. I think a lot of people heard house crash and assumed I was supposed to happen like a stock market crash. Many people saying it’s going to crash at the beginning were describing what will happen if the fed continued on its path. Now it’s going to happen in some areas no matter what. Fed screwed up and there’s no saving it. Texas and Florida led the way but 22 states are now in recession. It’ll make national news probably around Q4

@johnnycastaneda2371

10 күн бұрын

Migration states.

With the average home being 900k this million dollar home thing doesn’t make as much sense as other states. Yes in Texas or Tennessee it makes a lot of sense but a 500k home in ca is like 45% below average.

@JBoy340a

10 күн бұрын

You can spend $1M in Texas pretty easily for a normal tract home in a good neighborhood.

@joesmith3590

9 күн бұрын

You can spend 1 million anywhere but Texas is 100% cheaper a wage price then ca lol. Texas insecurity

@joesmith3590

9 күн бұрын

Average home in Texas is 330k or so depending on the date and site. Average home in ca is 900k+. Really not the same at all dude.

Supply and demand. People are still buying homes and able to afford it.

1😊

@JasonWalter1

10 күн бұрын

Boom!

Latest Report: Crash is Not Here Yet

Only way california house prices will get fix is by going into another great depression. 1 million house in the ghetto....yea that seems normal

We will never ever see affordable housing in California ever again. 😂

@joesmith3590

10 күн бұрын

If they would vote republican for 10 years it would be. The regulations laws and nimby in California is insane. They want to build an entire city in solona and everyone is against it lol.

@eurekahope5310

10 күн бұрын

California hasn't been affordable since 2008-2010. Our population keeps growing and costs and regulations stifle home building. If the population shrank (repatriation), we might see some easing. It truly has become a state of haves and have nots...

@jhouser972

10 күн бұрын

It will drop once all the baby boomers are forced to sell or pass away. Boomers own over 50% of real estate in California. Expect changes in 8-10 years.

@reboxtherapy

9 күн бұрын

@eurekahope5310 1990s 1997 and BEFORE if the thinking is traditional down payment and higher interest rate rules