This man is VERY smart. I'm glad he's not on TV or famous. A man like this does not need a prepackaged script. He will find and reveal the truth because it's who he is. I love it. Greatly appreciate your videos friend!!!!!
@@raynhamka2594having subscribers on UA-cam does not make you famous. There are many of channels on UA-cam of people who have millions of followers who know one has ever heard of or would ever recognize. But everyone knows who The Rock is…or who Mohammed Ali is. Lol. Fame does not equal UA-cam subs.
The main cause is not this. It’s the car dependent suburban sprawl that favors low density single family houses. No other option and too many people needing housing. It’ll never get fixed in this country
I am a Realtor in SoCal and I can tell you that it doesn’t make sense but people are still buying homes in droves and putting down higher down payments 40%-60% … I hope there is a correction but just don’t see how it happens… unless there’s a black swan event.
@@jasonwise078 Sometimes, but mostly home equity. If you paid 350K in 2013 for a house good chance you can sell it today for 700K.. that is 350,000 in free equity and you will have paid down 100K of the balance over the years.. that is 450,000 in home equity.
Listened to you at the start of the year and stopped waiting for the housing crash all other channels where screaming about. Locked in a 4.9% rate(vs the 6.8% average) for a new home in a desirable area with historic demand over supply at a fair market price. Thank you for your great advice.
I did the same. Builder gave me $40,000 off and 6.7 interest rates. Same model, same neighborhood is full price now. Looks like they are already pricing for spring 2025.
I will say stock because I’ve been benefiting from the stock market for about 10 years now and the consistency and low volatility makes it very peaceful for me
Just sold our old house in the PHX area. Sat for 6 months with very little interest, sold for about $100k under list. We’d replaced carpet, cabinets, etc, and it’s in a great zip code, neighborhood, school district, etc. Brian isn’t saying this, but don’t listen to anyone who says the real estate market is in any way good now. It’s EXTREMELY hard to find buyers, and if you do find one, they will lowball you because they have all the leverage right now.
the problem with the real estate market is that realtors dont want to write offers. i want to buy a house and am offering 480k for a 100 year old 500sq ft house on small plot of land, realtor didnt bother writing the offer. seller is asking 550k asking price. this is in the tjunga california area. my realtor wants me to offer more but i told her i cant afford it. i fired her. the house is sitting two months later
@@JaneTheDoe-id2vxI’m a CA Broker and I can tell you that realtors like that should not even be licensed. It’s not ethical to refuse the client. The new law making the buyer to pay the commission is not helping.
🎉😊interest rates are normal now. This was the US rate when we purchased 1st home. Then in early 1980's 2nd home rate was 15%! (These are rates for 30 yr fixed rates in US. )
@@trailerhaul8200 exactly. They don’t want anybody that’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. Pulling that ladder up and stop the next generations of ever getting a chance at a starter home. Who cares if other children couldn’t get home as long as I keep my property net worth high. It’s not like I could take it with me in the afterlife.
@@trailerhaul8200 exactly. They don’t want anybody that’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. Pulling that ladder up and preventing the next generations of ever getting a chance at a starter home. Getting rich is fun but I couldn’t take it with me in the afterlife.
@@trailerhaul8200 Exactly. They don’t want anybody who’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. They are pulling that ladder up and preventing the next generations from ever getting a chance at a starter home. Getting rich is fun, but I couldn’t take it with me in the afterlife.
agreed, have been looking to refinance and it's disgusting that fed rate and 10-year treasury is at 4.5% but mortgage rates are at 7%. waiting for the spread to fall.
It won't drop till real inflation drops...the spread is an indirect way to measure real vs reported inflation. Sort of how many countries have government exchange rates, but they also trade in a parallel black market exchange rates... where reality happens.
Fiat currency at work. People do not want to save money because of the value fiat loses in our easy monetary system. So everyone’s savings is in real estate.
Good luck with “saving” through a liability masquerading as a asset called owning a home. Deduct interest, repairs, maintenance, insurance, taxes, etc etc against capital gain and you’ll be lucky to have kept up with inflation
@@redgatecrt @redgatecrt But if you've paid off the mortgage on the home you only have to worry about property taxes, insurance, and maintenance. Plus, the value of the property is likely to go up meaning you could sell it at a higher price, get a cash out ( to buy another property), or just rent it out and collect some mailbox money.
You're right; the chart you're presenting might seem misleading at first glance. However, when we take a closer look at the broader market, it's clear that overall performance is struggling when considering all the influencing factors. Specifically, the housing market is likely to start slowing down by the summer of 2025. My focus is on the bigger picture everything that affects our daily lives.
I think it's going to get worse. Every time I get close to realizing a build or a move, prices or rates go up. Can't have both high all the time right? Meanwhile Banks picky about lending to DIY home builders.
Bought mine at 2.875% 30 yr fixed in Spring of 21. Overpay your principal every month. We've already knocked YEARS off the life of the mortgage, paying far more towards principal than interest in less than 4 years which takes MANY years to do just making the agreed upon payments.
@@clearvaluetax9382 It's incredible to me that your content is SO good, yet you're still humble enough to reply to some comments. You have respect for your viewers, thank you!
We're closing on a house right now with a 2 over 1 buydown on 4.99% locked. This video makes me feel a lot better about jumping on the deal, even though it was kind of last minute
Problem is Fed is getting rid of Mortgage backed securities so if they release too many disproportionately, that will keep pressuring the mortgage interest rates. So, when they lower the interest rates, they have to pace the release of mortgage backed securities in a more controlled manner, so that fed interest rates have a good weigh in on mortgage interest rate.
Thank you, Brian. Would love to hear a segment about how local and county governments are impacting home prices with unjustified property tax increases. Specifically...Austin and surrounding areas are all patting themselves on the back for slowing down the escalation in home values...but what they don't tell you is that they've accomplished this by TRIPLING the property taxes in just 72 months. Six years ago, the set aside for property taxes on a duplex was $400/mth. Today, it's $1,200/mth and going higher. It's one of the most UNDER-REPORTED confiscations of property owner's cash in America.
Yep I’m in a position where renting a nice apartment is $1000/month cheaper than buying a trash new build in undeveloped part of town or buying a house in the ghetto for $2k/month. I will make more investing in the market than I would in equity. And I get to have a life instead of being house poor just to “get a house”.
I live in Fraser Valley in BC, Canada. Our home prices have come down, but they're still insanely high. Average home price in Abbotsford, BC is $813,000 CAD. New home buyers cannot afford to buy a new home and whoever didnt get into the market pre-pandemic will not be able to buy. Sad reality.
@@CMcRealestate Buy-downs are the new variable rate mortgage…. Banks are qualifying people making this assumption too. I know a few people who are contemplating selling now that their rate is back up and they can’t afford it or refi for lower like they assumed they could.
Got mine for 3% with a VA loan 10 years ago. I thought about selling it when I retire because it’s nearly doubled in value and it’s big (a lot of maintenance). But now..I think I might just pass it down to my kid..I don’t see how young people can afford even a small house at there wages.
Secured a great home at 6.4%. Not the best rate but i can say that whenever Rates go down; these houses will jaut increase in price on demand. Im taking this fair middle ground of a rate to my advantage.
It was predictable. I’ve said it since 2023-early 2024. All BS. I told others that they will be keeping or increasing their interest rate in 2025. They intend on making 2025 miserable. The question is - WHY are we allowing Jerome & Federal Reserve to do this? WHY do people lay on the street to allow them to run them over? HOWEVER - We could change it IF people stopped allowing themselves to be carcasses on the street.
That range is simply not low enough to move the housing market one way or the other. Not low enough to attract buyers. Not low enough to entice sellers to sell. Not low enough to go through the trouble of refi. At 5% or below the market will start moving again. At about 3.25% the market will stabilize. The problem was the sub 3% rates during the pandemic. It was great to lock in an affordable mortgage then but also bad to get caught in a golden handcuffs scenario. The key is to work towards that 3-4% range steadily and with full public transparency.
@@naythanjones2320my grandmother would harass me for years about buying a home and I chose to put my money into crypto instead. Was a way better investment lol.
back in 2016 i got 3 bedroom and 2 baths condo for a family of 4 in nyc w/ 30 years mortgage for 3.65%. as of this week, i have paid off my mortgage. meanwhile, my work colleague told me back in 2018 he was looking for the next housing crash and interest rate to come down to buy a home for his family. well as of today 12/27/24, interest rates has double and housing prices in nyc are much higher than back in 2018. at this rate, he won't be able to buy a home and is gonna rent forever. i guess i consider myself very lucky.
Home prices will never go down, prices will continue to rise. Only a fool would think that home prices will decrease. Many people don’t know basic economic. Go back to your birth date, look at the prices and compare those prices to the prices we have now, are they the same prices? Go back each year and see if prices increased or not each year. If the FED lower the interest rates then home prices will increase more. Lower interest rates, higher home prices. Stop waiting for prices to decrease or lower interest rates because you are wasting your time.
@@ReeLSpiritit is not going to happen. 2008 market crash was unexpected, nobody knew it was coming. Whenever you are expecting something to happen, it never happens. We learned a lot of lessons from the 2008 market crash, the FED will not allow that to happen again, they will bailout everything and everyone if they have to just to avoid another housing market meltdown. The new housing prices are here to stay and it will continue to rise.
I hope something cracks soon. I make 90k/yr and cannot justify buying a house at 2400/month on a 225k house with an FHA loan. Property taxes and insurance is nearly $1000 out of the 2400 payment!! And anything cheaper will put me in the ghettos of Houston. The alternative is I can rent the nicest apartment on the rich side of town for $1400 a month and live like a king and invest/save, actually have a life and vacations. Make it make sense!!
@@RichardCheny everyone is priced out... I'm looking at the sticks in Tennessee and I make 4x the median income in that area and all the sellers are out of state investors looking for out of state sales. No one in that area would ever be able to afford the prices
No way. Mortgage rates for 2025 are going to be 6.75 - 9% for the year. JP Morgan and Goldman Sachs both see the 10 year going to 5%. Nobody is going to write mortgages for only 75 basis points over the 10 year. More like 200.
Thats an interesting take but the bank dont usually care about citizenship, they only care if you could pay back with interest. Those non-citizen have a job most of the time.
@STARFIGHT88 Time for some legislation and force black rock to sell these homes. No investment firm should be able to own 30% of the starter homes and rent then out for 3x what it should be.
Thanks for another great video! I love the amount of research and dedication you put into your videos. Here's a suggestion for a video for you to make: Often times you say it's better to buy than rent. Maybe you can make a video showing exactly why you believe this is true. As someone on the fence with the topic, I'd like to see your perspective. Rents always go up, and most likely will continue to go up, as you say, but when I look at all the "phantom expenses" for owning a home like insurance, property taxes, repairs, closing costs, PMI, cost of capital used in the down payment, and the mortgage itself, it seems as though it would take a long time to start earning equity in a home. Plus it seems there are many more ways now to make money in real estate than buying your own home. So please make a video showing why you think owning a home is better than renting. I'm starting to see more multimillionaires claim they don't see the point in buying their own home so it would be great to see you make the case for why buying a home is still a good idea. thanks!
Stop with nonsense. With $100, I can take my family of four out to Apple Bees for a good dinner meal. I could not do that with just $10 even back in the 1990s.
@@thetapheonix Clearly I recognize it and so is everyone else. But it is ridiculous to exaggerate it. Saying words like "purchasing power destroyed" is exaggeration. Inflation impacted the entire world and America is still doing better than most other countries.
Inflation will be double digits if Trump gets his way. The current inflation problem was caused by too much money creation during 2020 and 2021. Interest rates need to stay high until that money exits the system.
Were i live a house for sale didn't last a week on the market in the past. Now they aren't selling very fast for (example) new homes for over a year still unsold.
🙄 yeah and the price was only 2 times your annual salary… now it’s 7 times… so it’s still more expensive to buy today when you combine the two. It takes way more of your paycheck.
Mortgage rates still too high. I have 3.25% and will never cash out or do something else with higher interest rates. Most of the home sales are investors paying top dollar, flipping, and then using 1031 exchanges to other investors in California, among others.
30 year loans are so 2007. 95% of the world has 10 to 15 years. I wouldn't rejoice at a 30 year loan. Potentially locks you in for life. Build, buy your own home, land in cash. Get city, state Grant's. Make your first home a rehabilitation house, it will pay itself off in a few years.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
This man is VERY smart. I'm glad he's not on TV or famous. A man like this does not need a prepackaged script. He will find and reveal the truth because it's who he is. I love it. Greatly appreciate your videos friend!!!!!
i mean he is famous w 2 mill sub wdym bro XD
@@raynhamka2594having subscribers on UA-cam does not make you famous. There are many of channels on UA-cam of people who have millions of followers who know one has ever heard of or would ever recognize. But everyone knows who The Rock is…or who Mohammed Ali is. Lol. Fame does not equal UA-cam subs.
I'm never selling. 2.25% mortgage.
No mortgage is better
Same
@@flashoflight8160 same here!
I can trade your rate for mine
Me too
When we gonna get your DOGE application update?
No word yet, I'm sure they're sorting through many applicants. Thank you for asking though USMC Ronin!
@@clearvaluetax9382 I hope you get accepted!
@@clearvaluetax9382 This is more than an update. Thx bro. We all rooting for you.
Vivek responded to him on X I believe I saw at some point!!! 🥳🥳🥳
He's not going to get it cuz he's too transparent. Why are we being naive??
The only way to lower prices is not to buy and sell homes. Make laws preventing big Corp. To buy homes and rent it out.
But those big corps are about to be running DC and he wants to work for them.
Actually it’s because everyone snagged 2% loans and not moving
The main cause is not this. It’s the car dependent suburban sprawl that favors low density single family houses. No other option and too many people needing housing. It’ll never get fixed in this country
@@helloitsmehbactually it’s 30 million ppl here illegally.
@@mattbleiler7294
That too. Perfect storm
I am a Realtor in SoCal and I can tell you that it doesn’t make sense but people are still buying homes in droves and putting down higher down payments 40%-60% … I hope there is a correction but just don’t see how it happens… unless there’s a black swan event.
The down payment of 40% - 60% is the correction. People are going back to no living off of credit.
Generational wealth gifts.
@ correct
Lol wealth transfer is truly beautiful when you are on the right side.
@@jasonwise078 Sometimes, but mostly home equity. If you paid 350K in 2013 for a house good chance you can sell it today for 700K.. that is 350,000 in free equity and you will have paid down 100K of the balance over the years.. that is 450,000 in home equity.
MERRY CHRISTMAS EVERYONE ❤️
Same to you
@@betsyburns1825 Merry Christmas 🥰
Right back at you, MERRY CHRISTMAS , HOPE IT IS YOUR BEST ONE YET!
thanks, merry Christmas!
Happy Holidays.
Thank you for always being so helpful to the average American, Brian!
We’re going to be living in cardboard boxes soon
I've got a great deal for you! Samsung 62sqft double walled box. No tears no holes. Very sturdy. $250000😂
@@tropicalspeedbmwyou take FHA? 😆
@@ARo1032 😂😂😂 let me ask the owner!
Sorry, they say at this price, cash only.😆
LOL, move to Alaska...
@@tropicalspeedbmw Does it identify is a tiny home or micro house? If so, PERFECT
There is no longer a shortage of homes, I’ve never seen so many homes for sale in SF. Prices are just too high.
Detroit is building in every empty spot they have
Listened to you at the start of the year and stopped waiting for the housing crash all other channels where screaming about. Locked in a 4.9% rate(vs the 6.8% average) for a new home in a desirable area with historic demand over supply at a fair market price. Thank you for your great advice.
I did the same. Builder gave me $40,000 off and 6.7 interest rates. Same model, same neighborhood is full price now. Looks like they are already pricing for spring 2025.
How did you get 4.9? Buydown?
I wish my HYSA was 5.75-6.25%
Pretty soon high yields savings will pay 0.75% but if you want a mortgage: 8.5%
I Concur ...
My HYSA went from 5 to 4.25% in a matter of weeks
@@Jadedlouu I'm still at 5.1%and I check every Hour ...
@@hushmoney2058 oh dang, which one’s that ?
Don’t worry y’all I’m in the process of settling on a house. This means a guaranteed drastic drop in home prices and mortgage rates.
@@mdir3589 lol
Me af
That’s not happening, too many buyers and not enough homes. Sorry
@@mdir3589 lol
@@watercutterguy1908 This was the case a few years ago, I'm in a HOCL and supply is up 50% YoY here with price cuts left and right.
Which is better, forex or stock trading?
I will say stock because I’ve been benefiting from the stock market for about 10 years now and the consistency and low volatility makes it very peaceful for me
Stock trading is not doubling your money in 24 hours like the way this fake forex traders claims they flip capitals in 24 hours lol 😂
Getting into stock with good mentorship is a long term financial freedom you should experience
DAN LOK IS THE ONLY PERSON I KNOW THAT GIVES ALL YOU NEED ON STOCK TRADING
Yes the stock market can be unpredictable, but Dan Lok’s strategy helps minimize risk while maximizing potential returns
Appreciated the balanced response. Always so educational!
Just sold our old house in the PHX area. Sat for 6 months with very little interest, sold for about $100k under list. We’d replaced carpet, cabinets, etc, and it’s in a great zip code, neighborhood, school district, etc. Brian isn’t saying this, but don’t listen to anyone who says the real estate market is in any way good now. It’s EXTREMELY hard to find buyers, and if you do find one, they will lowball you because they have all the leverage right now.
Depends on the market. Still dozens of people at every open house in the NY metro
It all depends on the area where you are. In Southern California it’s a different story.
Agree , not good in Dallas area. Below market selling.
the problem with the real estate market is that realtors dont want to write offers. i want to buy a house and am offering 480k for a 100 year old 500sq ft house on small plot of land, realtor didnt bother writing the offer. seller is asking 550k asking price. this is in the tjunga california area. my realtor wants me to offer more but i told her i cant afford it. i fired her. the house is sitting two months later
@@JaneTheDoe-id2vxI’m a CA Broker and I can tell you that realtors like that should not even be licensed. It’s not ethical to refuse the client. The new law making the buyer to pay the commission is not helping.
You're absolutely correct regarding interest rates, but keep in mind that home prices are likely to decline due to rising unemployment.
Housing market in US is over the top and now interest rates see higher! The rent is so unaffordable in San Diego!
Redmond Wa here.........Apartments start at $2400 a month. This is crazy!
🎉😊interest rates are normal now. This was the US rate when we purchased 1st home. Then in early 1980's 2nd home rate was 15%! (These are rates for 30 yr fixed rates in US. )
7%-8% used to be normal. The prices are the real issue
San Diego isn't representative of the US.
@marciagagnon2487 I was thrilled to get a historically low rate of 6% in 2003.
If you are concerned about supply and demand issues in the housing market, then look at Canada. We've already experienced it, and it's ugly!
The sad part is there’s plenty of land in Canada but the gov won’t fix the zoning laws to open up more land for housing.
@@tiberianexcalibur you meant the current homeowners don’t support it because it will destroy their home values?
@@trailerhaul8200 exactly. They don’t want anybody that’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. Pulling that ladder up and stop the next generations of ever getting a chance at a starter home. Who cares if other children couldn’t get home as long as I keep my property net worth high. It’s not like I could take it with me in the afterlife.
@@trailerhaul8200 exactly. They don’t want anybody that’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. Pulling that ladder up and preventing the next generations of ever getting a chance at a starter home. Getting rich is fun but I couldn’t take it with me in the afterlife.
@@trailerhaul8200 Exactly. They don’t want anybody who’s not wealthy to move near their neighborhood. They want to keep their property inflated, the very property they bought for cheap back then. They are pulling that ladder up and preventing the next generations from ever getting a chance at a starter home. Getting rich is fun, but I couldn’t take it with me in the afterlife.
agreed, have been looking to refinance and it's disgusting that fed rate and 10-year treasury is at 4.5% but mortgage rates are at 7%. waiting for the spread to fall.
Yeah but the 10 year is going higher.. so even if the bond/MBS spread tightens rates will still be over 7%.
@@jonathantaylor6926 It already jumped on the bleak forecast. it won't go up unless future inflation reports are worse than expected.
you are much more likely to default than the gov is...
It won't drop till real inflation drops...the spread is an indirect way to measure real vs reported inflation. Sort of how many countries have government exchange rates, but they also trade in a parallel black market exchange rates... where reality happens.
The days of sub 5% mortgages will not happen in your lifetime
That 20 year party is over
Please make that video that dives deeper into the mortgage rate topic. It would be greatly appreciated.
I got 1.75% fixed rate for 15 years!
I just bought a house this month and have a Mortgage interest rate of 5.65, and I absolutely paid below list price.
Who’s ur lender?
Where
@Craig_Doll Central Florida area, if you live in FL I have a great loan agent who got me this low rate
@@carmenroces2889 Appli, I'm located in FL
Was it conventional or arm?
Fiat currency at work. People do not want to save money because of the value fiat loses in our easy monetary system. So everyone’s savings is in real estate.
👏🏿👏🏿👏🏿👏🏿. Well spoken
Good luck with “saving” through a liability masquerading as a asset called owning a home. Deduct interest, repairs, maintenance, insurance, taxes, etc etc against capital gain and you’ll be lucky to have kept up with inflation
@@redgatecrt True if you live in said home. However if you are cash flowing then it’s a good investment in the long run.
@@redgatecrt @redgatecrt But if you've paid off the mortgage on the home you only have to worry about property taxes, insurance, and maintenance. Plus, the value of the property is likely to go up meaning you could sell it at a higher price, get a cash out ( to buy another property), or just rent it out and collect some mailbox money.
Silver/gold!
we probably won't see the 3% interest again.
Sucks for those who have been waiting since 2020. Huge L.
Just saying that too really is an understatement
Never again unless a major crash like 2008
@@Francisco-po1cf In Dec 2020 during the pandemic I locked into a 2.1% 15 yr. fixed mortgage.😀
In Texas, new construction houses are offering 3%.
Still not enough to stimulate the housing markets..gotta get back below 4%
Never going to happen again without a black swan event. Nuclear war or financial collapse
I would be prepared to not see this in your lifetime.
5%
You're right; the chart you're presenting might seem misleading at first glance. However, when we take a closer look at the broader market, it's clear that overall performance is struggling when considering all the influencing factors. Specifically, the housing market is likely to start slowing down by the summer of 2025. My focus is on the bigger picture everything that affects our daily lives.
I think it's going to get worse. Every time I get close to realizing a build or a move, prices or rates go up. Can't have both high all the time right? Meanwhile Banks picky about lending to DIY home builders.
DJT will probably force the Fed to lower the interest rate as was done during his 1st term.
Just closed on my first home 2 weeks ago at 5.75%. Feeling blessed. Any advice is appreciated.
You set assets inflation is not stopping.
Bought mine at 2.875% 30 yr fixed in Spring of 21. Overpay your principal every month. We've already knocked YEARS off the life of the mortgage, paying far more towards principal than interest in less than 4 years which takes MANY years to do just making the agreed upon payments.
Just plan on living in it for at least ten years. The advice to pay down principal is great advice as well.
❤same as us
Seems low. Did you or the seller buy down the mortgage rate?
Thanks Brian and have a great day!
I own my own home, I just wanted to watch, hit the like button, and leave a comment!
Hey Brian - Thank you for your insights. They’ve been tremendously helpful.
It's my pleasure Dragonite! I wish I could forecast out further but it'll all need to be revised after Q1 because of new policies.
And yet my husband says the president has very little control over housing prices/ inflation. Thanks, I’ll show him what you said.
@@clearvaluetax9382
It's incredible to me that your content is SO good, yet you're still humble enough to reply to some comments.
You have respect for your viewers, thank you!
I love renting maintenance guy takes care of everything that breaks, no yearly property tax that would be at least 5 ,000 a year.
I love you Brian and all the info you give us❤. You are one of my favorite YT people
We're closing on a house right now with a 2 over 1 buydown on 4.99% locked. This video makes me feel a lot better about jumping on the deal, even though it was kind of last minute
Problem is Fed is getting rid of Mortgage backed securities so if they release too many disproportionately, that will keep pressuring the mortgage interest rates. So, when they lower the interest rates, they have to pace the release of mortgage backed securities in a more controlled manner, so that fed interest rates have a good weigh in on mortgage interest rate.
Ie mortgage rates will follow the fed rate cuts?
@@HilbertyuEventually
mortgage rates will be over 7%. The 10Y is climbing as the yield curve reinverts. This YT dude doesn’t understand the market 😅
Thank you, Brian. Would love to hear a segment about how local and county governments are impacting home prices with unjustified property tax increases. Specifically...Austin and surrounding areas are all patting themselves on the back for slowing down the escalation in home values...but what they don't tell you is that they've accomplished this by TRIPLING the property taxes in just 72 months. Six years ago, the set aside for property taxes on a duplex was $400/mth. Today, it's $1,200/mth and going higher. It's one of the most UNDER-REPORTED confiscations of property owner's cash in America.
Continue renting even if it’s high
Do not take any mortgage loans when rates and housing prices are both skyrocketing.
Just rent. It’s underestimated
😂 yea renters keep renting
Move in with your parents is the best option lol
@@etfeasy rent is $2400+ per month
Yep I’m in a position where renting a nice apartment is $1000/month cheaper than buying a trash new build in undeveloped part of town or buying a house in the ghetto for $2k/month. I will make more investing in the market than I would in equity. And I get to have a life instead of being house poor just to “get a house”.
True that. In some markets like Austin for example it’s way cheaper to rent than to pay mortgage
I live in Fraser Valley in BC, Canada. Our home prices have come down, but they're still insanely high. Average home price in Abbotsford, BC is $813,000 CAD. New home buyers cannot afford to buy a new home and whoever didnt get into the market pre-pandemic will not be able to buy. Sad reality.
I bought in 2022 thinking I would be underwater right now. HTF did my house still increase 100K since 2022?
The FED is propping it up.
Wow!!!
I purchased mine in November 2021 and the current estimate is double what I paid. Nuts.
That's honestly only a good thing if you plan on selling.
@@qm804 Unless you like paying higher taxes then it is a good thing.
Don't buy a home above list price, that will only exacerbate the problem.
Bidding wars, inventory shortages., Its just the nature of the market right now.
Just don't overpay! You could always buy down your rate. The interest rates will correct itself. I repeat Just don't overpay for a house.
Thank you for this reminder 🙏🏽
We will never see sub 5% rates ever.
@@helloitsmehbtrump wants- 0 rates so good luck
@@CMcRealestate Buy-downs are the new variable rate mortgage…. Banks are qualifying people making this assumption too. I know a few people who are contemplating selling now that their rate is back up and they can’t afford it or refi for lower like they assumed they could.
If its your forever home is it really overpaying..
Got mine for 3% with a VA loan 10 years ago. I thought about selling it when I retire because it’s nearly doubled in value and it’s big (a lot of maintenance). But now..I think I might just pass it down to my kid..I don’t see how young people can afford even a small house at there wages.
My house been paid off for 14 years😂.
I got in at 7.5% 2 years ago and am waiting for 5.5% to refinance.. hoping for the best.
I got 5,5% and am hoping for 4%😂
@@reecec8490 I got 3.84% in 2019 and waiting for it to go 2%.
Same. Need to knock off this PMI and need to get under my 5.65 interest rate
@@reyman011 Yikes! PMI?! ouch that more money per month. I don't have that.
Brian where’s the Canadian rant video??
Tell your sissy president to merge with the US
Ikr I came here to learn about the Canadians
Secured a great home at 6.4%. Not the best rate but i can say that whenever Rates go down; these houses will jaut increase in price on demand. Im taking this fair middle ground of a rate to my advantage.
Good move. Don’t listen to those UA-camrs who advise people to wait.
I did the same. I had the money and secured a 5.3% rate. I had the same mindset that if I dont buy now, then prices will continue to increase.
Well said ! I would buy a house right now becasue I don't see prices coming down no time soon. Even buy your rate down if you could.
Yeah. Don’t wait if you plan to stay put
My first mortgage was 9.5. Don’t feel bad
Unless the economy CRASHES.@@ThrashTilDeath97
Thanks Powell
Yeah, thanks a lot, right?
@clearvaluetax9382 where do I begin?
It was predictable. I’ve said it since 2023-early 2024. All BS. I told others that they will be keeping or increasing their interest rate in 2025. They intend on making 2025 miserable. The question is - WHY are we allowing Jerome & Federal Reserve to do this?
WHY do people lay on the street to allow them to run them over?
HOWEVER - We could change it IF people stopped allowing themselves to be carcasses on the street.
Would love a video going into details of mortgage interest. Thank you Brian.
Love you Brian
Thank you for all the love and support! Happy Friday Thatbrickx!
Closing in few weeks. My builder paid down the rate, 4.375% unheard of, so yeah we’re happy.
That's because your new-build is built like a pile of dog 💩. They're not buying your rare down out of the goodness of their heart
END THE FED. ABOLISH THE I.R.S.. Bring back the Gold Standard. Thank you Brian.
That range is simply not low enough to move the housing market one way or the other. Not low enough to attract buyers. Not low enough to entice sellers to sell. Not low enough to go through the trouble of refi. At 5% or below the market will start moving again. At about 3.25% the market will stabilize. The problem was the sub 3% rates during the pandemic. It was great to lock in an affordable mortgage then but also bad to get caught in a golden handcuffs scenario. The key is to work towards that 3-4% range steadily and with full public transparency.
I watch a lot but haven’t commented.
Thanks for your content, one of the only channels I watch here :)
Thanks bro bro. Merry Christmas.
Best prediction with the most accuracy in this channel! 👍🏻
You are a class act. Thank you for your trustworthy and brilliant channel.
I don’t care about rates. Just prices. Never overpay for anything. Even appreciating assets. My best deals always come from waiting it out.
Keep on kissing your rent money bye
@@naythanjones2320my primary residence was purchased in 2017 and I have a sub 3%. Yeah I’m one of those owners.
@@naythanjones2320have fun in your underwater house. If your neighbors start bailing, you go diwn with them.
@@naythanjones2320my grandmother would harass me for years about buying a home and I chose to put my money into crypto instead. Was a way better investment lol.
@naythanjones2320 Hey "Realtor" Maybe this individual is looking for a home to buy with cash for one of their Children like I am.
Can you make a vid about the looming gov. Shutdown and how itll effect the market.
Bill already signed. Not going to happen
The luckiest people are who bought their house before Covid hit.
Thats Me and I feel Bad for young Home Buyers ...
I would love to see you do a video that combines the potential of costs of homes vs the cost to build/rebuild due to fires, floods, and storms.
The goal is to make everyone a renter and dependent
You never really own it. Try not paying your property taxes.
@@KAZHE63this
Why rent when prices are next to free in America?
back in 2016 i got 3 bedroom and 2 baths condo for a family of 4 in nyc w/ 30 years mortgage for 3.65%. as of this week, i have paid off my mortgage. meanwhile, my work colleague told me back in 2018 he was looking for the next housing crash and interest rate to come down to buy a home for his family. well as of today 12/27/24, interest rates has double and housing prices in nyc are much higher than back in 2018. at this rate, he won't be able to buy a home and is gonna rent forever. i guess i consider myself very lucky.
You missed out on alot of stock market money by paying off your mortgage at such a low rate
I’d rather wait for higher interest rate and lower home price, if it ever happens… 😅
Long wait
You’ll be waiting for years bud
If we’re going to be at 5.750% in Q1, then that’s awesome news. Really hard to see rates being sub 6.00% in Q1.
No wonders there are so many homeless people today. I pray 🙏 for America and the world!🌎
You’re the man Brian
Thanks Brain, you’re the best. Merry Christmas!
I pray you're right because that would be a huge windfall for me as most of my income is interest on my money.
I hope you’re right! Just don’t see rates going that low so soon. I think we’ll be in the mid 6%’s
Same. Still to high 😢
@@shanarobinson7672 That is a normal rate. Home prices are just overpriced.
You kids got used to cheap QE money for almost 20 years
Never going to happen again
Thanks for the information ℹ️
dropping knowledge bombs. Thank you 🙏🏽
Thanks Brian.. I guess people boasting about getting low builder rates don’t realize they are paying higher prices for that rate.
Thanks Brian!!
Thank you for keeping it a buck
Home prices will never go down, prices will continue to rise. Only a fool would think that home prices will decrease. Many people don’t know basic economic. Go back to your birth date, look at the prices and compare those prices to the prices we have now, are they the same prices? Go back each year and see if prices increased or not each year. If the FED lower the interest rates then home prices will increase more. Lower interest rates, higher home prices. Stop waiting for prices to decrease or lower interest rates because you are wasting your time.
They are hoping for another 2008
@@ReeLSpiritit is not going to happen. 2008 market crash was unexpected, nobody knew it was coming. Whenever you are expecting something to happen, it never happens. We learned a lot of lessons from the 2008 market crash, the FED will not allow that to happen again, they will bailout everything and everyone if they have to just to avoid another housing market meltdown. The new housing prices are here to stay and it will continue to rise.
@@ReeLSpiritwell that’s not going to happen. Homes are more valuable than gold at this point 😂
Amazing set
I hope something cracks soon. I make 90k/yr and cannot justify buying a house at 2400/month on a 225k house with an FHA loan. Property taxes and insurance is nearly $1000 out of the 2400 payment!! And anything cheaper will put me in the ghettos of Houston. The alternative is I can rent the nicest apartment on the rich side of town for $1400 a month and live like a king and invest/save, actually have a life and vacations. Make it make sense!!
We are in a similar situation 105k paying $1,600 rent 2b/2b. 1,260 sq. feet. I thought I was the only one thinking like that.
@@caribbean9829 never thought I’d be priced out of my area making nearly 6 figures. Best of luck to you.
@RichardCheny thanks! The same for you.
@@RichardCheny everyone is priced out... I'm looking at the sticks in Tennessee and I make 4x the median income in that area and all the sellers are out of state investors looking for out of state sales. No one in that area would ever be able to afford the prices
Rent out a room for 1000
FED doesnt want home rates to be low this drives the price up there for inflation goes up, so I doubt the home rates drop for long.
The numbers are totally manipulated.
No way. Mortgage rates for 2025 are going to be 6.75 - 9% for the year. JP Morgan and Goldman Sachs both see the 10 year going to 5%. Nobody is going to write mortgages for only 75 basis points over the 10 year. More like 200.
Brian is simply the best!
If your not a citizen you shouldn’t be allowed to buy a home in the US. That would drop prices. other countries have rules for buying property
Yes all the illegals are buying houses 🤦.. It's the rich and corps buying and then renting high.
Thats an interesting take but the bank dont usually care about citizenship, they only care if you could pay back with interest. Those non-citizen have a job most of the time.
@@jayk3551no it is everyone’s business cause the price must fall
@@jayk3551except we got illegals and foreign Chinese non-citizens buying
@@jayk3551yes the point is that it shouldn’t be legal.
Great video and I like all the source charts - thanks for sharing!
Who tf is buying houses at this point? All time highs, Interest rates in the high 6%
Blackrock....China and Japan...etc....😮
@@STARFIGHT88 that's anti semitic
@STARFIGHT88 Time for some legislation and force black rock to sell these homes. No investment firm should be able to own 30% of the starter homes and rent then out for 3x what it should be.
Locking in a 2024 price is better then locking in a 2025 price if you can afford the rates this will remain true
Buy now if you can afford and refinance later when rates drop. We got a good deal on our home, just waiting on rates now.
Inventory is so low. Its going to be years. We got lucky caught it at 6.2. i see the 30 yr fixed hitting much much higher.
This.
People complain and then look back 10 years from then and go. “Those were the good days”
Thx for the info .. I am about to put a house for sale
I hope it all goes great Mia!
Thanks for another great video! I love the amount of research and dedication you put into your videos. Here's a suggestion for a video for you to make: Often times you say it's better to buy than rent. Maybe you can make a video showing exactly why you believe this is true. As someone on the fence with the topic, I'd like to see your perspective. Rents always go up, and most likely will continue to go up, as you say, but when I look at all the "phantom expenses" for owning a home like insurance, property taxes, repairs, closing costs, PMI, cost of capital used in the down payment, and the mortgage itself, it seems as though it would take a long time to start earning equity in a home. Plus it seems there are many more ways now to make money in real estate than buying your own home. So please make a video showing why you think owning a home is better than renting. I'm starting to see more multimillionaires claim they don't see the point in buying their own home so it would be great to see you make the case for why buying a home is still a good idea. thanks!
Money is worth nothing. 100$ is worth 10 bucks today.
Same with time. Man made it up. 😂
Stop with nonsense. With $100, I can take my family of four out to Apple Bees for a good dinner meal. I could not do that with just $10 even back in the 1990s.
@@etvow okay Boomer. You could definitely do it on $25 vs the required $100+ today. Stfu
@@etvowIt’s nonsense not to recognize that our purchasing power has been destroyed.
@@thetapheonix Clearly I recognize it and so is everyone else. But it is ridiculous to exaggerate it. Saying words like "purchasing power destroyed" is exaggeration. Inflation impacted the entire world and America is still doing better than most other countries.
Perfect timing! I started a loan app last night but decided to wait. Really appreciate the content!!
Trump needs to get rid of this FED dude
Inflation will be double digits if Trump gets his way. The current inflation problem was caused by too much money creation during 2020 and 2021. Interest rates need to stay high until that money exits the system.
Were i live a house for sale didn't last a week on the market in the past. Now they aren't selling very fast for (example) new homes for over a year still unsold.
Now is a great time to buy. Buy high sell low. LOL.
Ngl we bought high and don’t expect to break even. But at least we live in a nice house without a landlord.
Great still don’t buy until the market drops lower thanks! I’ll just keep waiting no desire to own with the ridiculous prices.
You do know taxation is the biggest scam right?!
He’s a CPA, if anyone would know I think it’d be him mate
Taxes isnt the biggest scam. it's how the government spends it. That's the scam.
You do know that without taxation, the internet wouldn't exist, right?
@@Educated2Extinction it def would, small mind boy
@@Educated2Extinction
Hopefully you’re being sarcastic. Because a lot of other countries that don’t have taxes also have internet.
Brian, you should make a patreon for more in depth analyses and overviews. I would absolutely subscribe, and I'm sure many others would as well.
You all must have forgotten the 70's-80's. Intrest rates on homes were 12-18%. I remember. Bought my first house at 15.4%
Yes. But home prices were much more reasonable at that time. Now prices have become speculative.
Uh oh boomers have found this channel
Overall prices were affordable even with those rates. Get your out of touch ass out of here.
@@Nate12- lol
@@brucesmith9144average income was a lot lower as well.
Im looking to buy my first house. Been following to understand when is the best time to buy.
Any advice for a first time home buyer?
I remember, in 1986, my 1st house mortgage had a 10.25% rate/15-year note.
🙄 yeah and the price was only 2 times your annual salary… now it’s 7 times… so it’s still more expensive to buy today when you combine the two. It takes way more of your paycheck.
On a 50,000 housr
@@lauragraves2948 yeah all these dumb boomers and gen x fail to realize this point.
@@lauragraves2948 I was making $6/ hr, my wife about the same. She also had $10k in student loans.
Mortgage rates still too high. I have 3.25% and will never cash out or do something else with higher interest rates. Most of the home sales are investors paying top dollar, flipping, and then using 1031 exchanges to other investors in California, among others.
30 year loans are so 2007. 95% of the world has 10 to 15 years. I wouldn't rejoice at a 30 year loan. Potentially locks you in for life.
Build, buy your own home, land in cash.
Get city, state Grant's. Make your first home a rehabilitation house, it will pay itself off in a few years.