US Cities Where Home Prices are Up (and Down) the Most from 2022 Peak
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- Опубліковано 19 чер 2024
- In today’s video, I share the US cities that have the biggest price decreases and the cities with the largest gains from 2022’s peak. I also share how housing inventory is impacting these markets and the regions that have experienced the biggest changes from May 2019 regarding the number of homes for sale. This is based on several articles from ResiClub Analytics (link below).
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Compilation of Housing Market Forecast videos:
• Housing Market Predict...
Sources of the Reports I Shared in Today’s Video:
www.resiclubanalytics.com
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).
For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.
#Resiclub #realestate #housingmarket - Розваги
Thanks for the data, Jason.
I’ve told many people that time will even out some of the large gains we saw in 21/22 assuming you prepared and saved money during that time.
The 20% gains YoY in Houston that we saw from 20-21 and 21-22 is now down to 9.28% each year from 2020 to today.
That’s a significant difference.
Incredible analysis on 40 year data, no one else on YT does this! Thank you Jason!
I truly believe this channels has the best data driven analysis on UA-cam.
Fabulous information.
Thank you for your hard work.
I truly appreciate it.
Have a wonderful weekend
Wow. Imagine going up by 15%, while mortgage rates go from mid 3s...to 7. Crazy. Thanks Jason!
I’d been telling and arguing with crashbros fanatics for over 2 years. I was urging them buy in winter 2022. It was the best time because the demand slowed down and everybody was panicking but I knew it’s not going to crash because of low supply. In December 2022. I was seeing San Diego prices dip to 10%-20 from the peak of May 2022. They thought I was crazy 😂Now we’re up 4.4% from the peak.
Awesome video, really great to see the localized trends relative to 2022
Happy Thursday Jason👍
As a young person trying to buy in CT, the market is beyond infuriating and what the crash bros were saying was dead wrong here. Starting to think Ill never own a home.
Sorry man, it’s seems that many people needed to be close enough to the office, but didn’t want to be in NY or NJ, hopefully it will cool off a bit
I feel you - my area is up since 2022 as well. I tide myself over by remembering that it took until 2012 for the housing market to bottom out last time. Until then I’m just investing the extra money I save by renting instead of buying.
@DaveDDD except you're losing potential appreciation, tax write offs, etc. Hopefully something comes up for you.
For now keep saving and pay your consumer debt like credit card or car loan. When you’re ready to buy remember to shop for rates. Good luck to you
@@uploadtime1780 I’m not too worried about it, home appreciation will usually be way less growth than index funds. The biggest downside is definitely the possibility that at the end of my lease my landlord may jack up the price or just not want to renew - that’s a major gamble.
Zillow estimate on my house was $167,200 2/3 weeks ago then jumped to $222,000 and now it's $227,200.
Comps updated
Great video
A lot of less desirable places going up. Crime is insane. You definitely don’t want to live in Atlantic City or Trenton. Also, Once winter hits, people are going to be wishing they bought a cheap punta gorda home.
The people that move from SF to the valley will be in for crazy bills from running their AC saw many shocked that heat starts in May
Thank you Jason for facts. Do you know if REITS & off market sales affect some of the areas figures?
Have you looked into what the effect is on Redfin stats when a house delists then reposts? I just saw a house pop up as brand new that we had been watching and I knew it has been for sale for months. I looked at the Redfin price history and it wiped out all of the history. I went back through my Redfin emails and see it originally posted a YEAR ago and is now showing for $110K less!
It makes me wonder, is Redfin capturing these shenanigans on their stats? Would it show as a price decrease of 10%? I’ve seen this SO many times in the last couple of years.
Portland, OR
It’s a sellers market and a buyers market now. 😂
1😊
I'll never own a home so I applied for EU Citizenship so at least I can watch it all collapse from afar
CrashBro!!!
So people should hv bought already instead of listening to crash bros 😂
Yes
Depending on where you live, yes.
Yeah before mid 2022 househacker 😂
Yeah you should have bought roughly twelve years ago
Yes , crash bros should all be sued