Looking to buy or sell a house in the US? Get Connected To a GREAT Real Estate Agent Here: homeandmoney.com/jason Please SUBSCRIBE HERE bit.ly/31kAR73 My Gear I Use for KZread: www.amazon.com/shop/jasonwalter Products I use and like: #ad Tubebuddy www.tubebuddy.com/jason808 Virtual Assistants (video editing) bit.ly/3lYRujQ

I would not overly focus on the number of homes listed for sale. Pay attention on time to sale. We may assume that the realtor made a reasonable estimate on the initial listing price. So a comparison could be made of recent actual sale prices versus initial listing. When prices are declining, people tend to sit on their property hoping for a recovery.

In my area I looked up pre foreclosures. OMG we are stacked with them. If what I saw was true, then theres gonna be a crap load of foreclosures soon. I do not see any sheriff sales yet though. Things are not right. I think its best for me to stay on the side lines and see what happens. I am the type that as soon as I get in, everything goes down. Your welcome everyone, Im holding this thing up.

@MG-fn9xw

Жыл бұрын

😂🤣😂🤣🤣🤣 Happens to all of us whether we admit or not 🤣😂👌

@kerib2535

Жыл бұрын

Dwl very funny please get in and take one for the team 😂😂😂😂

@janetairlines1351

Жыл бұрын

How do you find those?

@ebutuoy5088

Жыл бұрын

Nah

@TacoTuesday4

Жыл бұрын

I seriously doubt there are a ton of pre foreclosures. There isn’t a big trigger for this and on top of that the vast majority of these supposed homeowners could just list their property and hope it sells so they can get out of it and likely also make money on the sale. Since we have a low number of listings that doesn’t seem to be the case.

Thanks for the update Jason. Double digit gains followed by 0.9% decrease shows a slowdown of the increase but doesn't do much for affordability with the increase in interest rates. The housing market is still getting more and more out of whack with incomes. I did like to see the recent slight upward trend in homes for sale since March( around 7:08 on the video).

@PublicCommerce

Жыл бұрын

Homes are actually more historically overvalued now than before the crash in 2008 according to the Case-Shiller index.

@jithujoy5003

Жыл бұрын

And unfortunately there are not enough homes to be sold which leads to bidding wars. It's unaffordable either way. New construction home costs are over the roof unless you want to buy cheap quality new homes

@jimshoe402

Жыл бұрын

@@jithujoy5003 Just like cars mine is $$$$ STILL !!! Their selling stuff 150k miles mine are 8k or 11k but Old not New.😝😝😝😝

Several freinds bought in the last 3-5 years and took their heloc and bought another home to rent out the first. That would normally take a decade or two...Here we are making more than many of them and still renting....

The fake and artificial bull market will fall very soon in my opinion. When it does, the shakeup will interesting 🤔

Great informative presentation, thank you. . It looks as though there will be NO happy ending to this. If the rates drop in the future, there will be again a bidding war on houses that are already overpriced by 100%. If the rates go up, inventory will decrease further and essentially there is no houses to choose from. We are a cash buyer that is essentially waiting on the side lines paying ridiculous rent in SW Florida. The only hope i see is a deluge of foreclosures, but that process in itself takes years...

@RachelPekarek

Жыл бұрын

And you’re likely not going to see that deluge in every market. Maybe in small pockets with major job losses. But people don’t foreclosure on their house when there is equity. And people have HISTORIC equity.

@LR-pw9dd

Жыл бұрын

there's a lot of fear amongst Americans who worry about losing their jobs. Fear will prevent ppl from committing

@Aaron_R

Жыл бұрын

SW Florida is an exception to most of the US, Hurricane destroyed tons of property last year. The overall US market is shifting from hard to find a house on the market, to hard to obtain financing. I wouldn't say rent in SW FL is overpriced. Rents are usually 1600-3000 a month. With the taxes, HOA, insurance on property, maintenance, upkeep, - landlords are only making 5% on the equity. The 5% can easily go negative with a bad tenant (eviction/damage/vacancy), extra vacancy, and/or bad management (bad management increases turnover). When you rent, you subsidize the bad tenants, and the tenants that always move.

@the_stixXx

Жыл бұрын

If your waiting on the sidelines for prices to drastically come down, you'll never get in the game.

@ThinkkTwiice

Жыл бұрын

Put that cash in a high yield savings or a short term bond for over 5% so it doesn't inflate away on the sidelines while you wait.

I cannot believe paying these prices PLUS high interest rate.... I purchased my house in 2019 for $160,000 and refinanced at the lows of the interest rates with a 15yr fixed at 2.25%....my house appraises for $250,000 now

I like to look at general yearly trends rather than comparing YoY. Based on the graphs shown here, inventory seems to peak late in the year. The inventory has just started increasing in the past month or two, so we have a long way to the peak for inventory this year. With the chance of a recession later this year, combined with student loan payments restarting, we may see a huge jump in inventory by the end of the year.

.... Less inventory being listed can easily skew average sale price down. A .9% drop is noise vs the gains of the past 3 years.

this is great, thank you!

All real estate is local. So can’t go by national averages.

I think there a lot of house poor people that bought past few years

@sonicsoftly

Жыл бұрын

Subprime 2.0

@rustyscrapper

Жыл бұрын

The fixed adjustable mortgages created during the pandemic are financial warfare against the middle class home owner.

@matthewmeiselman9044

Жыл бұрын

Idk prices keep going up and they’ve gone up a lot in the last few years. For most who bought the house is worth more than they bought it for and low inventory means they can sell easily if they want.

@polandsgarden

Жыл бұрын

There’s also a bunch of idiots on the sideline praying and begging for a crash when there isnt any. You are honestly just jealous of those who locked in 2.5% interest dates when you have to pay top dollar and top interest rates hahahah. Salty much? Keep coping

@deputydrip4520

Жыл бұрын

@@matthewmeiselman9044 that is true, however this fails to take in account the higher interest rates and rents. Sure these people may make a profit, but unless they’re moving back in with their parents they have no where to go.

Happy 4th, Jason!

Your analysis is so good - can you do one for CCW in San Joaquin county

Thank you for your reporting of the data and link to get more local data. It’s been hard to find good reporting. Though I wish someone would tell a complete story of the current situation. It seems unprecedented as all the data seems to be incongruent with each other. Maybe break things down based on people situation. Buyers guide and sellers guide and those who are not looking to sell but holding onto their properties building equity. I’m currently a seller and my house is not moving but my realtors don’t have any answers. They are not trained to analyze data so all they say is the price isn’t right, which is not the case based on appraisals.

Thank you Jason! As always, appreciate you and your work!

@JasonWalter1

Жыл бұрын

Thank you Matt! Happy 4th!

Good Morning, Loving the spreadsheet and color code. We are still waiting for a correction before the crash. That's like wishful thinking. Hahah.

What are the implications of historically low demand? It seems like it would have to have a negative impact on a lot of ancillary jobs, obvious ones being real estate agents, real estate appraisers, inspectors, etc., but probably other less obvious jobs.

Crazy thing is I’m in central Florida and there seems to be more listings every road you go down has at least 1-2 houses for sale plus all the new subdivisions there are still building. There is an uptick in foreclosures but I think it’s at pre pandemic levels now

@leprechaun3677

Жыл бұрын

With the 110 degree heat, crazy governors and the occasional Florida man, I too would be listing my home for sale asap and gtfo 😅

@pmstff700

Жыл бұрын

@@leprechaun3677 Governor great, let Freedom ring! But home insurance cost unaffordable due to hurricane damage. People won’t be able to afford this. In addition 14 insurance companies pulled out of FL.

@jimshoe402

Жыл бұрын

@@pmstff700 U forgot OLD condo's no reserves in Fund=Junk..ALOHA

@JS_1985

Жыл бұрын

@@leprechaun3677 greatest governor ever

@darrelldundee7198

Жыл бұрын

josh its more insurance companies are bailing out of florida because of the risk of hurricanes and property taxes are more than double.

Honestly, idk what is going on. Houses are so expensive, but guess what? I see tons of houses that were sold 2020 or 2018 and even 2021 that is now preforclosure. Would not that be concerning for those who are trying to sell for higher prices? Also, summer is almost ending, and we are heading to fall time,

@drmahidhar1876

Жыл бұрын

Where

@Fatireviews

Жыл бұрын

@@drmahidhar1876 in Atlanta GA

This is a manufactured home shortage, The United States refuses to let the market dictate the number of homes needed, by letting the NIMBY movement kill projects. There is a ton of land that could be developed. The United States has a massive home price inflation by following the luxury brands strategy of keeping supply low and prices high

I live in Hawaii which is possibly the most expensive place to own a house. The saving grace is that I live in the Hilo area of the Big Island which is still affordable (at least compared to the other areas). However, even with the slowdown, prices keep climbing. Once interest rates stabilize, I suspect it’s going to get crazy again.

@jimshoe402

Жыл бұрын

If Volcano goes Boom ur RE Goes Boom. Was there for that 2x's hard on Lungs 😝😝😝🥰..ALOHA

@darrylperry6029

Жыл бұрын

You would think that 😊, but that’s our little secret, 99% of the island is in no danger at all from the volcano, and the air quality is fantastic. It’s the media that exaggerates things. Still, more people are moving here after learning it’s a beautiful place and the cost of living is a little lower.😊

@jaydeeare285

Жыл бұрын

The volcano on the big island could go any time and seeps lava even now.

@rachelgreen1368

Жыл бұрын

Who wants to live on the remote island with high prices ? It's not Europe.

@darrylperry6029

Жыл бұрын

Yep, that’s true. The amazing part is that native Hawaiians have lived here for hundreds, if not thousands of years, and my uneducated guess is that they’ll continue to live here along with more outsiders who are learning that the threat is to a very few isolated areas like Leilani Estates which were designated as being high risk. Again, 99% of the island is as safe as Niihau, Kauai, Oahu, Molokai, Lanai, Kahoolawe, and Maui. But, you are certainly entitled to your opinion.

I Truly appreciate you for giving us the facts not the fiction!

3rd quarter data will be fascinating

You can’t find much for less than $500K in central Ohio. There is a glut in that inventory. Naturally the prices need to come down. But anything under $500K is flying off the shelf and inventory is at an all time low due corporations that have bought up 40% of affordable housing.

New listings are up the last 7 months and Active inventory is up 7% YOY

No decreasing in housing in Northern Tucson.

My So Cal listing hits the market on Thursday. I'm hoping for just 1 more idiot before the market craters.

@jimshoe402

Жыл бұрын

Put a Sign out Front. One Owner A One Time Deal Great Schools Nice Area Close to Everything 😁😁😁😁😁😁😁😁😁😁😁😁😁😁😁😁😁😁😁

@House_hacker_619

Жыл бұрын

It looks like you’re the idiot who’s trying to sell and will also be a buyer with higher rate😂. If you become a renter you’re a bigger idiot for paying someone’s mortgage 😂

@jimshoe402

Жыл бұрын

@@House_hacker_619 A little bit Rough on him u are. I sold 11/2006 the RE said Just wait to Sell till Spring. I sold very high listing and 3% off asking and there was No Spring !!! ALOHA🤑🤑🤑🤑🤑

@8675-__

Жыл бұрын

No problem! You're in a good location; thank God you're not in Montana or Idaho!

Someone help me understand. Inventory is collapsing, that should drive prices UP due to lack of supply, why are you guys saying that prices will go DOWN?

Jason, do you see builders ever building smaller homes? I know they profit more on larger homes, but wouldn't they be able to sell a greater number of small ones quicker in this market?

@allenmobley8444

Жыл бұрын

I agree!! It seems that “starter homes” don’t exist anymore. It’s either get a townhome/condo or pay 500k for for a single family home (I’m in Florida)

@DannyBrooks1

Жыл бұрын

I think they are called tiny homes.

@driv3n758

Жыл бұрын

In my area, that's exactly what they're doing. Homes in the 1300-1500 sqft are being built

The higher the rate, the less inventory there is. No one will sell when we locked in 2% 15 yr or 2.5% 30 yr. Selling = losing hundreds of thousands of dollars.

How will the start of student loan payments affect the current market? Also, Airbnb's and the larger, older, boomer's that are downsizing, going into retirement homes, for health reasons or, leaving us?

Lenders were definitely giving people loans that they couldn't actually realistically afford. People making 30k less a year than me are buying 300k houses and are now house poor living paycheck to paycheck.

@NoNo-ng9sl

Жыл бұрын

It just feels like a house of cards and we keep getting gas lighted by hearing this is still healthy.

where can I get a copy of that excel sheet?

Just keep stacking 💰 I suppose

Jason is the best when it comes to stats

@Sonofawildanimal4241

Жыл бұрын

He’s a stat man!

@JasonWalter1

Жыл бұрын

Thank you!

Nice video

As long as the majority of buyers are priced out and sellers are without a means to buy another home, the house market will stay frozen. The housing market will continually diminishing transactions, until someone decides to build new homes to breaking the cycle. Eventually lowering interests rates will not be able to sustain affordability with ever increasing prices. A market collapse will eventually come to balance the market. A lot of folks with jobs that on the transactions of used homes will get laid off.

Few are selling, keeping prices up or slightly down. Even with higher interest, demand is still greater than supply. No crash.

@SomeUserNameBlahBlah

Жыл бұрын

I agree there won't be a crash. But banks are tightening lending which means less people can get loans. This will force sellers to reduce price if they want to sell their home.

@eddieunlocked2201

Жыл бұрын

​@SomeUserNameBlahBlah But, most sellers are also buyers. So if you're saying banks are tightening, then the seller also may not qualify for as much, keeping their home off the market. Then we're back in this same cycle again of no inventory.

This is just getting started. Once the institutional investors start to liquidate the crash will really heat up. He who panics fist panics best. I'm no tax expert but I am fairly certain the reason these firms aren't rolling out of RE and into bonds currently has to do with tax problems. Say they paid 200K for a house and its now worth 450K.. if they sell they cant move 450K into the bond market.. they have to pay capital gains taxes on that 250K profit. They don't want to do that. But as prices continue to decline this could change their calculus.. better to pay some taxes on 200K profit than zero taxes on zero profit. The key thing to understand is these massive institutional investors don't even want to own real estate- its a massive and expensive PITA to manage 25,000 SFH rentals.. but these firms were basically forced into RE (and somewhat create a short squeeze) because bond yields were paying next to nothing. Why make 1% on bonds when you can clear 4% being a landlord? But now the 10 year is paying 3.85%... if it was your company would you rather deal with tens of thousands of tenets.. or have bonds sitting in a file cabinet while you drink on the beach?

@ReeLSpirit

Жыл бұрын

Investors aren’t dumb enough to liquidate. Stop spouting nonsense just to fit your narrative of what you want to happen. Rent is guaranteed to keep going up. 10 year is not guaranteed to stay where it’s at. Investors go for long term Not short term

Your inventory data seems to be missing quite a few other components new building construction Airbnb sales for closures sales due to layoffs baby boomer retirement vacation homes people no longer can afford. It doesn't seem like you're taking into account all the areas that are contributing to the inventory.

Jason you are and continue to be a blessing! Thank you for helping all of us who are interested in the housing market to understand it more completely. Ever learning from you, appreciate all the hard work you do too, thanks Mike😊

@JasonWalter1

Жыл бұрын

I appreciate that!

Seems like the pieces are there for something to put pressure on the market, we should see inventory stabilize and demand drop as recession and student loans hit. Builders will continue to build and help to reset the markets as they continue to have price adjustments, wait the next 2 quarters and we will see things stabilize.

@Needglory23

Жыл бұрын

😂

Hi, Jason. I’ve been watching your channel for about a year. Let’s debrief. Have any of your prognostications come true?

@black_n5492

Жыл бұрын

Would be interesting for all these 'experts' to do a recap of their predictions right? They've been telling us the crash is coming for a while now, so which is it and when is it. A debrief is a really good idea. Not holding my breath though

Mahalo Happy 4th 🎉🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

@JasonWalter1

Жыл бұрын

Same to you!

Unemployment will increase, forecloses will increase, more bank closures, prices will drop more.

@8675-__

Жыл бұрын

And the sky is falling, chicken little 🤣🤣🤣

@MG-fn9xw

Жыл бұрын

🤣🤣😂🤣😂🤣

@95manneya

Жыл бұрын

That’s the only way prices will fall

@jonb740

Жыл бұрын

keep waiting for that

@smokey4148

Жыл бұрын

Yeah I’ll keep waiting until student loans resume, rate cycle is finished and the first cut happens, air bnb gets banned in more place maybe a few more people will lose their jobs who knows what will happen :)

Seller motivation has been removed from the market. If you don't have an immediate reason to sell you won't. This will also diminish the quality of listings.

@danielalonzo7445

Жыл бұрын

750k retirees die every year, ages 65 to 75 years old, and they are definitely motivated sellers. Death is a big motivation to sell a home whose owner has die

@lizzie2301

Жыл бұрын

@@danielalonzo7445exactly! These boomers need to go ahead and take their dirt naps

@urtaxwiz

Жыл бұрын

@@danielalonzo7445 You will need to refine that number to those who actually still own and reside in their personal hiomes versus apartments and health facilities at the time of thier passing. I would estimate homes sold for this purpose make up less than 5% of the market.

If you have a mortgage at 3.5% and sell your house. Your new mortgage will be 7% on your new purchase? People are staying in their present homes.

By my dumb math😊Happy 4th of July Jason the excel spreadsheet king 🤴

Interest rates killed it!

Welcome Back Jason

@JasonWalter1

Жыл бұрын

Thank you

what does sixty percent look like in numbers? 0.60? what does point three percent look like in numbers? 0.03? 0.003? somehow, I believe, all these numbers are designed to confuse people and profit traders...

Gotta wonder how student loans will now begin to factor in to the housing market

@SomeUserNameBlahBlah

Жыл бұрын

Very little. The average payment is $390 which most people can handle, even of they need an additional part time job. The people with high debt never bought a house.

@smokey4148

Жыл бұрын

Ok but those people also still need to rent no? They aren’t gonna be able to afford rent now either and rents will have to go down which will eventually force people who want to sell to make it more reasonable. It definitely can’t make the housing market any worse anyone buying right now or over the last 6-12 months could be rough if it wasn’t all cash

@smokey4148

Жыл бұрын

These people are broke, I think there was a survey like 50% or more of Americans couldn’t handle a $500 emergency payment. Well a bunch of people just got handed a $350 payment per month that they haven’t had to deal with for 3 years and thought it would or at least partially be forgiven… idk I think it’ll have a big impact on the economy

@MrRhinosilver

Жыл бұрын

They don’t most people with student loans can’t buy a house.

@NutritionPolice

Жыл бұрын

@Rhino You're wrong... loans in deferment weren't counted as debt, trust me, I bought multiple houses w/ high student loan debt

GM Jason !! 😁 The FEDs just fined a gold Holder $146m because not the correct amount there.That stuff has been going for 50 years do u do Metals ? TOAD my buddy I can't pay my water bill with Gold.😁😁😁😁😁

If we had banks that failed, what are the chances greedy RE investment companies will do the same within the next few years? We already know those cockroaches bought up a huge part of the market the last 3 years, yet rental supply in Sacramento hasn't risen to my knowledge. New apartment buildings are going up left and right in Sacramento, so who is going to rent these houses investors bought and who will rent them in the future if prices keep going up?

I think this fall things will look much different

@Pelican5077

Жыл бұрын

I bet you are correct. When you look at prices in real terms, adjusted for inflation, prices are falling in most areas. All the RE bulls and talking heads only want to talk about nominal prices. Nearly meaningless. If someone paid cash one year ago for a 500k property and they sell it today for the same amount, they lost money. How much depends on the real inflation rate. I don’t know what that is, but I know it’s not 4%. Say it’s 10%. Then in one year they lost 50k. It’s going to be a long slow grind to the bottom. In 2026. Or 2027. But as you say, I think we will see an acceleration into the fall.

@SomeUserNameBlahBlah

Жыл бұрын

2024 will be a stalemate. Sellers will keep their prices high and buyers will fully walk away because of interest rates. Everyone thought 2023 would be the year prices fall, but sellers held out. They will continue to hold out.

@toddgammons9400

Жыл бұрын

@@SomeUserNameBlahBlah most people are living paycheck to paycheck so that all depends on the job market. I just don't think we are in a good situation in this country right now.

@Pelican5077

Жыл бұрын

@@SomeUserNameBlahBlah Hmm. AirBNB bust. Student loans resume after 43 months of forebearance. Unemployment rising. And much more. You can keep those dreams alive, but I’m betting you’re wrong. However, if you are correct, and you well may be, the macro picture doesn’t change. The overall trend is down, and will be down for some years. I’m looking for a bottom in 2026, but hedging that it could be 2027, given the upcoming election and the govt propensity to intervene. But it’s coming, of that I have zero doubt.

@jaydeeare285

Жыл бұрын

Is that where the goal posts are now ? Cool. Keep renting.

Homeowners had better stay wide awake. This housing market might be teetering. If the stock market drops 20+% many homeowners will wonder if its time to sell. By that time it might be too late.

Sorry for all those people that took second mortgages at such high rates. This will end poorly.

realtors should find a new job asap😂but instead of doing that they push their naive clients to buy a house with any price and rate no matter what.

@MrRhinosilver

Жыл бұрын

Funny the best realtors are still making a killing

@criticalthinker9829

Жыл бұрын

@@MrRhinosilver 😂😂😂

We need progressive taxation on the ownership of 4+ single family home properties. Anyone owning more than 4 SFH (whether in the form of LLC or as individual/ family) should be charged a much higher taxation on the 5th and more properties. Singapore charges a much higher property tax on the 2nd owned property. It also has a 30% taxation for foreign buyers. We need a similar change in laws, Corporations and AirBnBs owning single family homes should be charged a much higher rate. The idea is not to kill mom and pop landlords trying to build wealth for retirement or inheritance, but to prevent the inequality in housing and hoarding. Those who wish to be big landlords can buy multi family units built for rental purposes.

@alexmack956

Жыл бұрын

Dude you really need to look into Austrian economics. The problems you’re talking about were caused by the types of solutions you’re talking about.

@meesi7053

Жыл бұрын

@@alexmack956 incorrect, Austria has social housing, and that is not what I am proposing. I am proposing a progressivly higher taxation on simultaneous ownership of single family homes on the 5th property and so on.

@D0NTsmokeCRACK

Жыл бұрын

I’ve been saying the four years, long before the pandemic. Except I’d like to trax them all once you get about 5. And not a small tax that can be passed on to the renter.

@internetpointsbank

Жыл бұрын

No foreign purchases like in Thailand

@uog293

Жыл бұрын

Keep it simple. Ban corporate owned sfh. Allow for unlimited personal ownership - the economics will prevent a single individual from owning too much. Corporate ownership allows a PE firm to plow a bill into a region and gain monopoly

Precisely the reason there cannot be a crash

Could you please slow down and enunciate a little better -- thanks!

Please sum-up what all those numbers means for those of us who can't interpret for ourselves (we're not economics majors or even in the real estate/mortgage broker business). At the end of ALL your videos, SUM UP what can be concluded from the data you present...otherwise, you're point for making the video is lost. Thanks, -- BR

@JasonWalter1

Жыл бұрын

Summary is at the end

@billredding2000

Жыл бұрын

@@JasonWalter1 Missed it. Overwhelmed by mind-numbing data/charts. My apologies. Still, the summary (chart) at the end isn't what I meant OR what I was looking for. For example, I would have said: 1. Now is NOT a good time to buy. 2. Now isn't a good time to SELL either. WAIT to buy or well...unless you MUST do either of those. Simple. Three lines. We unwashed masses need simple. Thanks, -- BR

No chance pricing headed higher, this is a slow train wreck!

So many waiting for a “crash.” Can’t have a crash with no inventory.

Inventory has been down last 2 yrs

Sellers won't be able to HODL forever...

I bought in September 21 at 2.75% interest. It was a big investment at the time a little out of my price range but it was a VA loan. I knew the risks but I figured it was a once in a lifetime opportunity and so far so good. I can easily make the payments with my day job but I also got a good second weekend job since I was expecting an economic downturn. Since the recession hasn’t happened yet, all my income from the second job is going towards emergency fund and extra principal payments. I’m a Millennial by the way to provide perspective. My home also appreciated 50k since 2021.

Mortgage companies have lost their shit, their is nthg structurally different, instead of getting back to work and take advantage of market optimism , they got greedy and now are setting up for disaster for next year and missing the season... Keep it up, let's see where it gets you..

Very interesting times. Everyone thinks this is like 2008 because it was so recent but the banks made quality loans

@tann_man

Жыл бұрын

Subprime loans was but the tip of the iceberg in 08

@dirgesinthedark5637

Жыл бұрын

It's worse. The bubble is bigger

@InternetUser._

Жыл бұрын

Those “quality loans” that look good on paper were based on funny money. Just like the 72 month car loans that were written based on boosted unemployment income, when those same people were making $10 an hour before that.

@Sonofawildanimal4241

Жыл бұрын

Isn’t it possible that you’ve placed yourself in an echo chamber of the sky is falling KZread videos and this is not 2008 all over again? It’s quite possible this is more like the late 70s-80s where housing was expensive and it took a decade for salaries to catch up. It’s possible with such low inventory the housing market will remain strong and healthy.

@tann_man

Жыл бұрын

@@Sonofawildanimal4241 define "strong and healthy"

Most homes are owned by institutional investors, not individuals. These properties were foreclosed upon and held off the market deliberately to remove these homes from the market entirely. The homes that are eventually put on the market have 'issues' that will need to be addressed to meet current code requirements or no loan will be issued by any lender. These upgrades require deep pockets. This does not apply to cash buyers unless 'code enforcement' is alerted to the presence of un-permitted work or other work done that is not-to-date 'code'. Meanwhile, there is a boom of new homes built to current code standards all crammed on top of each other in city or town centers that do not require costly upgrades and a lender will actually lend on these properties. Agenda 21/2030. There will be no 'crash'.

They took the house off the market because they owe more than it will sell for .

Of course YoY price change would decrease May/June , that was the peak increase in 2022. Wait until August+ YoY, will tell a different story. Difference with 2008, is overall inflation this time around + low unemployment. Apples and oranges. Bottom line : The run up to the interest rate hike, mad dash to buy in 2022 Q2 will be corrected, the “pandemic” price inflation will not. Not unless some other catalyst kills job market.

@mattcutshall4196

Жыл бұрын

If you are praying for housing prices to drastically fall, you are also praying for mass layoffs….

Air B&B's flooded the market by investers 60% Now the Air B&B's proffits are down 40% The crash is coming. People are buying houses they can't afford. Higher prices = Higher taxes too. Foreclosures on the rise.

@jaydeeare285

Жыл бұрын

Fake News.

@MrRhinosilver

Жыл бұрын

If all air B and Bs would foreclose it wouldn’t move the needle. People should just stay quiet when they don’t know what’s going on.

1

@JasonWalter1

Жыл бұрын

Good morning!

I mean after all that, and I understand respectfully that you're trying to give information.. after all that though you're still left saying huh! It's all simple arithmetic, you just Bi-Lo and you sell high it's as simple as that LOL

A house of cards

The issue with "a crash is coming" people, is that they keep kicking that can down the road every few months when a crash does not materialize. They say things like "well, these things take time." "just look at 2008, it took BLANK years to hit bottom" "well, when divorces ramp up". The bottom line is these people "predict" a crash every three months, and have been doing so since mid 2022.. Here we are in the second half of 2023 and nothing has happened. People have gotten used to 6.5% being the average rate, the sticker shock of missing out on

@shandog99999

Жыл бұрын

For any reason other than disillusionment? Do you have any data to support your claims? Some markets in California have already crashed more than 25% from their near term highs. You suffer from Normalcy bias, basically because something hasn’t happened, that it won’t happen. I’m not predicting a crash, no one can tell the future, but all data at this point (other than low inventory) suggests housing prices are likelier to move lower than higher. Any catalyst that causes inventory to increase likely starts that downward price pressure.

@Csharpflat5

Жыл бұрын

When all the cash buyers dry up, it can only go down, market forces will dictate the price.

@NinjaVanish247

Жыл бұрын

I have been watching crash bros make their bogus crash predictions for 3.5 years now. My market in CA is still going strong, with no sign of a crash.

@8675-__

Жыл бұрын

It's very similar to people predicting food shortages; its been happening since the 1960s and they are still hoarding food just in case 🤣😳🤣

@TheMosinCrate

Жыл бұрын

@@shandog99999 wow! You mean California's already overpriced homes went up 150% and now have come down 25% from then? Wow that's.. like only 125% gain in just a few years! Such bargains. Tell me more.

🎉🎉🎉🎉🎉

You've been fear mongering since I bought in December. houses have been up since begining of year and house prices going nowhere as long as labor and cost to build is high.

@MG-fn9xw

Жыл бұрын

Market is def slowing down, cost to build is dropping as well.

@lizzie2301

Жыл бұрын

How is he fear mongering when he is only reporting the stats. Also why are you watching his videos?? You already bought a house so go enjoy it and get off the internet….seems you have buying remorse 🤔😂

Home prices and rents are based on $150K-$1 million dollars per year per household!!!

👍🏻

I can't lie as person who has several houses flipping this is great news in general. Yes real estate is local, We got offered $40k more then we were going to even list for in November. All the rehab errors and delays ended a blessing😂. But for real more houses need to be on the market, I restore vacant homes bringing them back to life for families and investors. Now if they could make interest cheaper 😂

Turned into rentals

The market sucks. Comparing shitty days and shitty weeks within shitty years is almost pointless.

A very long video

2nd

@fusion82

Жыл бұрын

Almost 😁

@jimshoe402

Жыл бұрын

@@fusion82 Ur Mean !!!!

@fusion82

Жыл бұрын

@@jimshoe402 🙃🙃🙃🙃

@JasonWalter1

Жыл бұрын

Good morning!

People will keep their low interest homes forever. Be it for rentals or for living. People will be buying additional homes from here forward. We have been granted a blessing from above. Inventory will never bevthe same

247th

@JasonWalter1

Жыл бұрын

Good morning!

everyone is waiting on the "rate cut"

@vincentortega4284

Жыл бұрын

@irfaankalamadeen, what rate cut? Rates will continue going higher.

@irfaankalamadeen9823

Жыл бұрын

@@vincentortega4284 Agree I dont think rates will drop for at least another 6 to 12 months hence why i have "rate cuts" in quotes as in thats what they are thinking.

Seller Exodus? Nah you are just trying to FOMO people into buying at the worst time ever.

@JasonWalter1

Жыл бұрын

You must be new here so welcome. New listings have been down from the previous 12months for 52 consecutive weeks according to Realtor com. Other companies have been reporting similar trends. I have no incentive to create FOMO. Instead for the past 3.5 years I have been reporting the latest housing market trends straight from the source.

The UN is scheduled to bring in 300 million more Imigrunts , that should help the National Home Builders Association , if those pesky San Gabriel Mountains around Los Angeles could be removed , the housing industry could flourish !

you are shouting of housing crash since a year. Are you still relevant and reliable?

@rastaman7140

Жыл бұрын

I don’t believe he was tbh, there is a channel whose been saying this for almost two years and yet we’re not even close.

@JasonWalter1

Жыл бұрын

I’ve never said the housing market was going to crash. Just reporting the latest trends for a few years

@lizzie2301

Жыл бұрын

All he does is report the stats

1st

@fusion82

Жыл бұрын

Almost 😁

@jimshoe402

Жыл бұрын

@@fusion82 Ur mean again..😁😁

@fusion82

Жыл бұрын

@@jimshoe402 🙃🙃🙃🙃

@JasonWalter1

Жыл бұрын

Good morning!

You can get houses for next to nothing in China right now. I bought a 3 bedroom apartment for $1,500 on a whim. I now rent it out for the equivalent of $100 per month - all remote from my house in New York. I'm planning to buy several more Chinese apartments and just keep doing this for passive income.

@dimosthenisantoniou4893

Жыл бұрын

Foreigners can't buy in China

@8675-__

Жыл бұрын

That's because the Chinese are buying overseas in Australia, USA, Ecuador etc.....

@jessicabixler1658

Жыл бұрын

Watch out because the ccp actually own everything...and can decide you don't at any time

@95manneya

Жыл бұрын

Are they made in China 🇨🇳? Because if they are the apartments will probably break or fall apart in a year

A -.9% price reduction yoy is a "Very Big" change, LOL You sound like a cop asking "where's the fire?" after pulling somebody over for going 27 in a 25 zone.

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

nothing abnormal more and more people coming to US and they gotta live somewhere! houses and prices aint gonna go down much unless US will go in recession.

New home prices are falling faster than they did in the GFC. Meanwhile existing home prices are holding up. One thing for certain is that this discrepancy won't continue. It's probably worth doing some analysis between the two to figure out which way the gap is going to close -- by new home prices going up or by existing home prices going down.

@RichinPhoenix

Жыл бұрын

@@jayk3551it looks like builders have been cutting prices on new homes and offering incentives to move inventory

@WordMadeFlesh777

Жыл бұрын

@@jayk3551not really where I’m at. New houses when you get near the base model is very close to old homes jn old neighborhoods. The defining factor that makes the new homes a way better deal is that the builder buys down your rate down considerably. So close to the sale price plus a rate buy down. New house is cheaper lol.

@PublicCommerce

Жыл бұрын

@@jizzyjake6783 Existing homes were once new homes that were also built like ass. It's true though that the land is getting a lot smaller though. Where I am they used to build small cheap ass homes on big plots of land now the build big cheap ass homes on small plots of land. That's the main difference.

@LilTXHockey

Жыл бұрын

@@PublicCommerce I agree. Our first house bought over 20 years ago was new build, small in a bigger piece of land. We bought our second home new build in a much smaller piece of land but much bigger house. I'm 20 years older now, I don't miss landscaping under the Texas summer sun.

@PublicCommerce

Жыл бұрын

@@LilTXHockey Hah... I used to cut my entire lawn with a weedwhacker back when I lived in Austin. I don't miss the heat there plus it's not the same city it was before it got "discovered".