wouldn't say without partisanship, watch the jobs report video he was succumbing to the classic right wing claim that the numbers were false without any proof
He’s pretending that homes aren’t selling below list price average… which they are. He’s right that list price isn’t the main thing that matters. But while he implies that the reality is stronger pricing than list, the reality is weaker pricing than list.
@@SigFigNewton totally agree, I've been watching homes in my area for a while and I see initially high list price, then multiple 2-5% price cuts before either coming off the market or selling. The ones with no price cuts have been up for a year or more.
@@Micfri300I think the prices in Canada have been falling due to unexpectedly high listing prices like Bryan said. My mother in law house dropped 500k 3 months after the interest rate hike. But the current 1.2 million home price is still way overpriced and people are ok with that price
I've had such bad luck on my life that a one bedroom apartment is still my dream, and I'm in my 30's! Now that I'm finally climbing out of my debts, raising my credit, getting better paying jobs, it looks like I'm going to have to compete with the rest of the country for my first one bedroom apartment 🤣🤣🤣🥹😰☠️
Here’s the issue: new homes are being priced above $400k All of the new homes are unaffordable, even for current homeowners with built up equity. It’s a fucking mess.
I just bought my home today 😢 But my wife and I did the math and if I lost my job, we would have enough savings to pay the mortgage for 5 years. So we decided to make the move. Plus we sold are home in South Florida and moved to Houston Tx. I say the best time to buy is when you can afford to do so. We also made the commitment to live in this home for more than 10 plus years. Goodluck to everyone, I know times are tough, but try to live within your means if you can. ❤
“You have to force behaviors. And if you don’t force behaviors, whether it is gender or race or just anyway you wanna say, the composition of your team, you’re gonna be impacted” Larry Fink - CEO of Blackrock (the owner of most of the worlds major companies).
Bought my first house at 21 as a three bedroom two full bath WITH a two car garage for 120k @ 2.35% interest in 2019. I genuinely feel like the luckiest man alive when I look at the fact that it has nearly doubled in value in my area. I wouldn’t even be close to being able to afford this purchase today.
You sir, will be ahead light years amongst your class. That’s coming from someone who did not buy, still has not bought, and I’m 30… pretty close to offing my self.
@@mfranquemont1884 property tax isn’t too bad here in Va where I’m at, neither is insurance. But remodeling yeah man id have to refinance in order to do anything major.
I used my VA loan in 2016 at 3% for $305k at that time. My house is currently appraised today at $550k and I had a realtor call out of the blue to offer at $604k for this area. I don't care as my house is now paid off and we're not interested in moving. For anybody that says paying off a house is a mistake, I'll tell you there is no better feeling nor financial freedom as when you pay off your home and can take chances with investments more freely.
Its crazy that my current salary couldn't even begin to be able to afford the home I bought a few years ago in 2024. I feel for the people who want to get into a decent house for a fair price. Stay strong out there people.
I’m 38! I am one of them popping champagne 🍾 hallelujah!!! Yes I own it.. only pay property tax until I set my disability in stone.. I’m working towards that. Once I do.. by bye property taxes!!!
Brian is the ODB of finance....he likes it RAWWWWW and truthful and I appreciate the hell out of it. Not all heroes wear capes and masks, some wear ties and collared shirts! Appreciate you and everything you do man!
In the middle of the country, I'm seeing lots of drops in pricing. Stupid high price of 340k for an 80 year old home on 3 acres has been slashed to 260k and still no buyers. Pre pandemic value should be around $200k.
I predict home prices will rise also so they can tax us even more 😂 but there's more and more selling houses in my area and no one is buying. Even the next subdivision being developed, no one is buying.
They could just as easily raise the property tax rate, which would make more sense. They want more homeowners so that they can pay those taxes, so the government has an incentive to want to help lower the cost of the home itself.
Very true I was just talking to my wife about that. We wouldn’t be able to afford our current home if we sold it to ourselves at the current interest rate.
@@Rob0_ @Rob0_ Immigration contribute into the housing issue. Many low income housing programs are expanding for immigration, while many US citizens are homeless or renting.
My wife and I bought our home in the fall 2020. We lucked out with a great interest rate and saved years for the downpayment to help out. The taxes have gone up exponentially every year(we live in Long island,NY) and live by a strict budget but im still grateful
One home is paid off, two at 3% interest. I will never sell, therefore I don't care if there's a crash. If there is one, I'll just buy more. There are the doom and gloom, and there are the DOERS.
@lalalalalalalala4264 yes sir. Good comment. These people who aren't in the housing market will once again kick themselves in 10 years when houses are even more expensive then they are now. It's a matter of supply and demand.
Hey, Brian. Idk if you'll read this but I am truly hoping that you make that video about a potential window of opportunity to buy a house (you mentioned possibly 3% or less interest rate). I have a decent down payment ready to go but wondering when to pull the trigger!! Would love your insight! Thank you again brother!
I skated in my little dump just before prices rose in 2017. The “value” has doubled. It’s insane. I’m worried taxes and insurance will eventually prove me out but looking at currant rent prices, I’d be screwed there too! This is unsustainable. Now I see all these massive, cheaply constructed apartment complexes all over. More kids in schools from renters equals even higher taxes I imagine as they don’t pay land taxes directly. I’m worried about the next ten to fifteen years. I don’t see a solution other than more can kicking.
The housing market is so manipulated, big investment companies are in full control. They are profiting like crazy with keeping homes unaffordable , while they're charging crazy rent prices!
Percentage of homes owned by corporations is like 1%... Over 30% of homes are owned fully paid off by individuals as their primary residence... The problem is just people are poor and getting poorer over time.
Housing market will never be the same when I was growing up, younger generations will not be able to afford a home they will be living in apartments & sadly many will go homeless that's reality..
Plus the divide between the haves and have-nots will increase. People can build wealth with ownership and it is being robbed from the younger generations.
As high as home prices are in California the one bright side is stable property taxes. Once you are in your property tax stays relative stable, no big jumps, no big increases. If you are over 55 you can move within the state and take your property tax rate with you no matter how much your home price increases.
Hey Brian, I'd love to hear your opinion on why you think the Fed is likely to drop its fund rates to 0% rather than 3%. Thanks for your time and videos!
Hard to believe interest rates going to zero when our government debt is huge and demand for treasuries will be lower / driving long term rates higher in an inflationary environment. Historically, rates are still low. The whole zero pct interest rate covid period (and negative rates in Europe) was an historic anomaly.
We purchased our new home in 2016 for 385,00o as a new build at 2.75% for 15year mortgage. It is now valued at 875,000. Part of it is the location. We owe 95,000. I would like to sell it in a year or so and build a smaller house in another county that’s less expensive. We will see.
Bought 4yrs ago, house is now 40% higher in value and would. It would cost and extra $1,500 a month. And extra 18k a year for the same house. We would be priced out. Im at 2.5%. I may never move.
I've been saying this for a while. If you WFH, your job is likely going to be gone in the future, especially as the U.S. continues to decline. So everyone working a tech job in Seattle remotely from Mississippi, sorry, but you're gonna have to move to where the jobs are. And guess what, you can't afford it. Nobody can.
@@ThunderStruck94660 this is the slow season for the majority of the country. Kids are back in school families are recovering from summer spending and have holiday spending coming up. Most of the people that were going to buy this year already bought. Come back in April and see if houses are still not selling. Self employed buyers may have their second year of good tax returns, large families with many kids get their tax refund etc. Buying season is Late January through end of April early May and it starts to slow down from there where most places see their low season late fall to early winter (warmer clients see a bump in purchases in October/November think Florida and California) the rest of the US listings sit hence the chart of change in sales price month over month being cyclical.
Why would layoffs matter? It'll take years for foreclosures to overcome the housing shortage and that's only if people who are laid off can't find another job to pay the mortgage, which isn't likely if they locked in low interest rates.
@@kailaleebabineau3962 If you don’t have a job, how do you buy a house.. Employment slows, the home buyers slow, the prices have to lower to find a match.
It is sad. I’m grateful for my home, I bought it in 2021. Only 3 years later, my mortgage would be $500 higher per month than it is now, and my rate isnt that different than current rates (6.125%). For me, that difference would definitely put my home out of my sensible budget. Young people are unfortunately going to have to buy much smaller then they would have several years ago. This is a hard market.
Thank you Bryan. I’m on Los Angeles earning $150k annually family of 3 we have one car. I don’t feel I can afford a home mortgage in Los Angeles and have a second car. I would need to eradicate myself completely from DTLA
I don't think building more homes is going happen the way it needs to due to the cost of materials being absolutely out of control. Just look at the cost of plywood and how much it has gone up.
In Australia, when rates decrease prices increase, when rates increase prices still increase. We had 13 increases and prices went up by up to 60% in Adelaide and Perth. It's a different market over here and the only way to stabilise it is when vendors sell causing an oversupply, ie Melbourne.
I would like to watch the video on ClearValue Tax's explanation for corporations buying up residential real estate. Does someone have the link for that?
There’s a boom in supply north Atlanta and Sarasota but also sitting for 4+ months. Supply can increase but people just can’t afford to buy. What that tells me for most people even though your home appreciated on paper it doesn’t mean you can get that sales price given the rate now. I’m sure there’s a lot of concessions with each sales now.
I feel blessed, if not unbelievably lucky to have bought my first mortgage in 2018. It sucks for most Americans that are seeking a home of their own because it's actually becoming a dream.
You point is so well stated Brian. People trying to cash in by over listing their home and then lowering it to where it should have been in the first place is NOT a crash.
Great point on the sales price versus list price. I've been seeing the clickbait videos as well. As a CPA and numbers guy I really appreciate your no-nonsense approach Brian .
Thank for for sharing this Bryan !I’m 26 with a family trying to buy my first home . You’re one of the few people I can trust with this type of information
In Virginia my real estate agent just said the market is bad , You sir are correct lower rates will drive the homes prices up more Leave the rates alone
Also because there isn’t much reason to believe that lowered interest rates will increase home prices. There is pent up selling who have been convinced of that, so spring is likely to bring a lot of supply from people who were to,e they get better prices then. And supply is already going up. And affordability remains low.
Greedy is over... during pandemic there was bidding war on listing price.. they used to sell atleast 10% more than list price.. now to attract buyers they has to cut 10% from listing price.. what's your thoughts brain
Bought my $225k home in 2017 at 3.4, refi 2021 to 2.89. 12 yr mortgage. Will be selling in Spring and retire to Europe buying a smaller home with equity. Property taxes too high in US for my area once I'm on social security.
Not when it comes to the housing market and mortgages. They'll just open up 40 year loans so Lower payments. Also, inventory will not increase anytime soon. Not until boomer die. So....2040?
Can you please do a video comparing buying a home versus building a home (privately)? Specifically with the intent of having ownership within a year or two of today.
if every citizen can borrow from the fed directly, man, that will cut them out and lower the overall cost of owning a house for sure. now this is not possible because the fed doesnt have the capacity to handle this, but in future when computer systems/applications are built for this, i think this is possible
Dude, you been dropping bombs of knowledge and data without partisanship. You are much appreciated brother. Been with you since COVID
wouldn't say without partisanship, watch the jobs report video he was succumbing to the classic right wing claim that the numbers were false without any proof
Suck him off already...
I’m still here Bryan after all these years , keep up the great work
WOW! It's so great to see you again mookslinz! I wish you a nice weekend!
He’s pretending that homes aren’t selling below list price average… which they are.
He’s right that list price isn’t the main thing that matters. But while he implies that the reality is stronger pricing than list, the reality is weaker pricing than list.
@@SigFigNewton totally agree, I've been watching homes in my area for a while and I see initially high list price, then multiple 2-5% price cuts before either coming off the market or selling. The ones with no price cuts have been up for a year or more.
Does this mean that this is the best time to negotiate home prices as they are no selling fast and for sure, under listing price?
@@SigFigNewtonthat’s location dependent. Lower interest rates should cause a general bump in prices in more areas than not.
Best check your feelings before you watch because Brian doesn't care, he just drops truth bombs.
He wakes up choosing war
True, but I don't know why that's where your head is at or what's on your mind. The video is about finances, not feelings.
Canada housing prices are crashing.
Same has in uk and Europe.
Unless Americans have untold millions I really don't see this big increase coming.
💯 facts!!!
@@Micfri300I think the prices in Canada have been falling due to unexpectedly high listing prices like Bryan said. My mother in law house dropped 500k 3 months after the interest rate hike. But the current 1.2 million home price is still way overpriced and people are ok with that price
The new American dream is a one bedroom apartment
Next year it will be a studio apartment. The following year, it will be a tent.
An RV
I've had such bad luck on my life that a one bedroom apartment is still my dream, and I'm in my 30's! Now that I'm finally climbing out of my debts, raising my credit, getting better paying jobs, it looks like I'm going to have to compete with the rest of the country for my first one bedroom apartment 🤣🤣🤣🥹😰☠️
You guys have one bedrooms! I'm praying for a studio where i can stretch my arms out and not touch the opposing wall. 😆
Im sorry but the american dream is dead
Here’s the issue: new homes are being priced above $400k
All of the new homes are unaffordable, even for current homeowners with built up equity.
It’s a fucking mess.
And some of the builders are putting out subpar work with these new builds and calling it good.
New homes are over priced crap today, you are better off buying an older home for that.
When that interest rate hits 3% it’ll be more affordable
I just bought my home today 😢 But my wife and I did the math and if I lost my job, we would have enough savings to pay the mortgage for 5 years. So we decided to make the move. Plus we sold are home in South Florida and moved to Houston Tx. I say the best time to buy is when you can afford to do so. We also made the commitment to live in this home for more than 10 plus years. Goodluck to everyone, I know times are tough, but try to live within your means if you can. ❤
Congratulations! And thanks for the advice!
I watch your ENTIRE videos because of the clear, respectful, no bs communication. Love it
“We will own nothing and be happy” is already at work, and we can’t vote our way out of this.
Own nothing and be miserable
We will see this as something bad but for the next generation it will seem normal not to own anything.
Sad that most thought it was a joke and brushed it off. Now look smh
“You have to force behaviors. And if you don’t force behaviors, whether it is gender or race or just anyway you wanna say, the composition of your team, you’re gonna be impacted”
Larry Fink - CEO of Blackrock (the owner of most of the worlds major companies).
stay poor with that mindset you sheep
Bought my first house at 21 as a three bedroom two full bath WITH a two car garage for 120k @ 2.35% interest in 2019. I genuinely feel like the luckiest man alive when I look at the fact that it has nearly doubled in value in my area. I wouldn’t even be close to being able to afford this purchase today.
You sir, will be ahead light years amongst your class. That’s coming from someone who did not buy, still has not bought, and I’m 30… pretty close to offing my self.
@@tannermckenzie5442dude I'm 28 and same boat. Didn't cash in when I should of.
@@tannermckenzie5442this is good if this house was not his primary residence but an income producing asset
Wait till you get tax/insurance/remodel bills. Those will more than double too.
@@mfranquemont1884 property tax isn’t too bad here in Va where I’m at, neither is insurance. But remodeling yeah man id have to refinance in order to do anything major.
I used my VA loan in 2016 at 3% for $305k at that time. My house is currently appraised today at $550k and I had a realtor call out of the blue to offer at $604k for this area. I don't care as my house is now paid off and we're not interested in moving. For anybody that says paying off a house is a mistake, I'll tell you there is no better feeling nor financial freedom as when you pay off your home and can take chances with investments more freely.
it feels good yeah but be careful. if you have it in your name. you can easily lose it all.
Its crazy that my current salary couldn't even begin to be able to afford the home I bought a few years ago in 2024. I feel for the people who want to get into a decent house for a fair price. Stay strong out there people.
If u own a home 🎉
If u don’t own a home 😢
“Own” not be in debt hundreds of thousands of dollars. Own
@@alexlopez5800in debt is still building equity and rise in value fool.
@@alexlopez5800'Own', don't have to pay anyone to keep. Including the government. Own.
@alexlopez5800 not necessarily all big guys have tons of debt but they are wealthy
I’m 38! I am one of them popping champagne 🍾 hallelujah!!! Yes I own it.. only pay property tax until I set my disability in stone.. I’m working towards that. Once I do.. by bye property taxes!!!
The fact some homes were once worth $80,000 now all homes are worth well over $150,000 is crazy
if you live in cali way over $200,000
Bryan is one of the few of my favorite authentic people on the internet
Brian is the ODB of finance....he likes it RAWWWWW and truthful and I appreciate the hell out of it. Not all heroes wear capes and masks, some wear ties and collared shirts! Appreciate you and everything you do man!
Oooo baby I like it Raw
😂😂😂😂
Love the analogy
In the middle of the country, I'm seeing lots of drops in pricing. Stupid high price of 340k for an 80 year old home on 3 acres has been slashed to 260k and still no buyers. Pre pandemic value should be around $200k.
Which city?
@@bertblue9683 30% increases is about fair value that is the true inflation for 4 years.
@@bertblue9683 30% increases is about the true price increase for those 4 years. If prices on food and energy and cars go up 30% so do homes.
I’m seeing this more often in Southern Indiana.
That’s because the inflated tech money is out and back to Seattle
I did not miss the bullet. My education sabotaged me. I should've started work after highschool to afford a home sooner
I predict home prices will rise also so they can tax us even more 😂 but there's more and more selling houses in my area and no one is buying. Even the next subdivision being developed, no one is buying.
Good! Put an end to this over inflated nonsense
oh! that's bad
They could just as easily raise the property tax rate, which would make more sense. They want more homeowners so that they can pay those taxes, so the government has an incentive to want to help lower the cost of the home itself.
That's what I am seeing in my neighborhood, 3 houses have been selling for months, one even over a year. No one is even coming to look at them...
Yeah I live in a suburb and have been seeing 20+ houses listed in one zip code just this month.
Very true I was just talking to my wife about that. We wouldn’t be able to afford our current home if we sold it to ourselves at the current interest rate.
Holy crap Brian's house went from $1B down to $100M?! That's worst than 2008 times 1929!
2008 Cash was King ...
If price cuts don’t matter then your bs median sales price doesn’t matter. 😂
Only upper segment of priced housing is trading hands.
😂
Other than building more home. Maybe we limit the people coming in, too. It's unsustainable.
Not gonna happen. Emigrate to a country that isn't a shitshow. Your grandchildren will thank you for it.
Most affordable housing is vacant right now. Its not an immigration issue
@@Rob0_ @Rob0_ Immigration contribute into the housing issue. Many low income housing programs are expanding for immigration, while many US citizens are homeless or renting.
My wife and I bought our home in the fall 2020. We lucked out with a great interest rate and saved years for the downpayment to help out. The taxes have gone up exponentially every year(we live in Long island,NY) and live by a strict budget but im still grateful
Correct, I bought my house in 2018 and could not afford to buy it again right now.
Same!
I bought my house in 2011 and it's trippled in price. I wish I'd bought two!
One home is paid off, two at 3% interest. I will never sell, therefore I don't care if there's a crash. If there is one, I'll just buy more. There are the doom and gloom, and there are the DOERS.
Me too. We bought it in 2014. We thought it was a starter home. Now I think is our forever home Florida insurance are crazy high...
@lalalalalalalala4264 yes sir. Good comment. These people who aren't in the housing market will once again kick themselves in 10 years when houses are even more expensive then they are now. It's a matter of supply and demand.
Hey, Brian. Idk if you'll read this but I am truly hoping that you make that video about a potential window of opportunity to buy a house (you mentioned possibly 3% or less interest rate). I have a decent down payment ready to go but wondering when to pull the trigger!! Would love your insight! Thank you again brother!
I skated in my little dump just before prices rose in 2017. The “value” has doubled. It’s insane. I’m worried taxes and insurance will eventually prove me out but looking at currant rent prices, I’d be screwed there too! This is unsustainable. Now I see all these massive, cheaply constructed apartment complexes all over. More kids in schools from renters equals even higher taxes I imagine as they don’t pay land taxes directly. I’m worried about the next ten to fifteen years. I don’t see a solution other than more can kicking.
The only UA-camr I trust as a real estate advisor.
I'd be really careful trusting this prediction.
Another banger on deck here
Happy Friday camman!
I've been watching you for years, and your usually spot on. Thanks for the videos.
The housing market is so manipulated, big investment companies are in full control.
They are profiting like crazy with keeping homes unaffordable , while they're charging crazy rent prices!
Percentage of homes owned by corporations is like 1%... Over 30% of homes are owned fully paid off by individuals as their primary residence... The problem is just people are poor and getting poorer over time.
Housing market will never be the same when I was growing up, younger generations will not be able to afford a home they will be living in apartments & sadly many will go homeless that's reality..
Plus the divide between the haves and have-nots will increase. People can build wealth with ownership and it is being robbed from the younger generations.
As high as home prices are in California the one bright side is stable property taxes. Once you are in your property tax stays relative stable, no big jumps, no big increases. If you are over 55 you can move within the state and take your property tax rate with you no matter how much your home price increases.
don't know if that is good or bad. Seniors usually do move to rural areas that have cheaper taxes anyways.
Every single thing you said today was unequivocally true, without a shadow of a doubt...
I appreciate all you do and your straight talk!
My parents got a 300k house with 2.5% interest rate in 2019, shits crazy how lucky we got
hahaha good joke
Hey Brian, I'd love to hear your opinion on why you think the Fed is likely to drop its fund rates to 0% rather than 3%. Thanks for your time and videos!
Hard to believe interest rates going to zero when our government debt is huge and demand for treasuries will be lower / driving long term rates higher in an inflationary environment. Historically, rates are still low. The whole zero pct interest rate covid period (and negative rates in Europe) was an historic anomaly.
I bought during the dip right when the fed announced rate cuts. After the seller paid down points we're at 5.5%. Pretty happy
As an Agent this guy is on point! Great info!
Keep telling yourself that
Not just built more homes, but built more AFFORDABLE homes.
Basically all the new homes here being built are unaffordable
We purchased our new home in 2016 for 385,00o as a new build at 2.75% for 15year mortgage. It is now valued at 875,000. Part of it is the location. We owe 95,000. I would like to sell it in a year or so and build a smaller house in another county that’s less expensive. We will see.
Bought 4yrs ago, house is now 40% higher in value and would. It would cost and extra $1,500 a month. And extra 18k a year for the same house. We would be priced out. Im at 2.5%. I may never move.
Thank you Bryan. You help keep my family informed of what’s really going on and we all try to prepare accordingly because of your insights
Have you seen the layoffs??? Daily, and it will accelerate so how can you say home prices won’t go down
Plus no one is buying.
I've been saying this for a while. If you WFH, your job is likely going to be gone in the future, especially as the U.S. continues to decline. So everyone working a tech job in Seattle remotely from Mississippi, sorry, but you're gonna have to move to where the jobs are. And guess what, you can't afford it. Nobody can.
@@ThunderStruck94660 this is the slow season for the majority of the country. Kids are back in school families are recovering from summer spending and have holiday spending coming up. Most of the people that were going to buy this year already bought. Come back in April and see if houses are still not selling. Self employed buyers may have their second year of good tax returns, large families with many kids get their tax refund etc.
Buying season is Late January through end of April early May and it starts to slow down from there where most places see their low season late fall to early winter (warmer clients see a bump in purchases in October/November think Florida and California) the rest of the US listings sit hence the chart of change in sales price month over month being cyclical.
Why would layoffs matter? It'll take years for foreclosures to overcome the housing shortage and that's only if people who are laid off can't find another job to pay the mortgage, which isn't likely if they locked in low interest rates.
@@kailaleebabineau3962 If you don’t have a job, how do you buy a house.. Employment slows, the home buyers slow, the prices have to lower to find a match.
It is sad. I’m grateful for my home, I bought it in 2021. Only 3 years later, my mortgage would be $500 higher per month than it is now, and my rate isnt that different than current rates (6.125%). For me, that difference would definitely put my home out of my sensible budget. Young people are unfortunately going to have to buy much smaller then they would have several years ago. This is a hard market.
Yo have a good weekend everyone
I wish you a very nice weekend as well qdood!
You as well!
Happy weekend 😊thanks
HAPPY WEEKEND🎉
If I bought a house at 6.5% a few months ago, I am wondering how long to hold out before refinancing the house.
I’m on the same boat
4.5 at least
Hope 1 year
You can refi as many times as you want. Do it as you need
@@emd5095 Keep in mind that resets the 30 year clock each time.
I absolutely love clearvalue tax pov and humor
Thank you Bryan. I’m on Los Angeles earning $150k annually family of 3 we have one car. I don’t feel I can afford a home mortgage in Los Angeles and have a second car. I would need to eradicate myself completely from DTLA
Get yo money up
Time to go beyond LA, there slowly expanding Fontana area
You could cut your income in half while increasing your quality of life. Seriously consider alternative locations.
Don’t live in LA, commute
How are you feeding 3 people in LA on that income. Get out of there
I don't think building more homes is going happen the way it needs to due to the cost of materials being absolutely out of control. Just look at the cost of plywood and how much it has gone up.
In Australia, when rates decrease prices increase, when rates increase prices still increase. We had 13 increases and prices went up by up to 60% in Adelaide and Perth. It's a different market over here and the only way to stabilise it is when vendors sell causing an oversupply, ie Melbourne.
Thank you for the continued updates on the housing market. I know this is not easy to keep with. Your hard work does not go unnoticed.
Do you think it being an election year affects any of this? Love the videos/info btw.
I would like to watch the video on ClearValue Tax's explanation for corporations buying up residential real estate. Does someone have the link for that?
Meanwhile the price of gold and silver is going up.
Same with Bitcoin.
Same with Enron
Eventually silver will be thrown by its owners into the street and gold will be like refuse.
Hey brian are you planning on doing another Vehicle market update. Wanting to plan for a new Truck but want to know how the market is looking.
Was fortunate to buy my place in December 2022 for $285,700. My house is now valued at $322k. Excluding renovations. I thought it was overpriced then.
Thank you for the video, Brian! Always appreciated!!
There’s a boom in supply north Atlanta and Sarasota but also sitting for 4+ months. Supply can increase but people just can’t afford to buy. What that tells me for most people even though your home appreciated on paper it doesn’t mean you can get that sales price given the rate now. I’m sure there’s a lot of concessions with each sales now.
I feel blessed, if not unbelievably lucky to have bought my first mortgage in 2018. It sucks for most Americans that are seeking a home of their own because it's actually becoming a dream.
I bought a home in 2019. And luckily I could rebuy at the current price.
Love you for keeping it real. You're not part of all the CRASHBROS.
he is part of trashbrolol
Bought my home in July 2020 for $245k. It's now valued at $345k. Haven't taken a HELOC but I'm tempted.
How many middle class buyers can afford 400,000 homes? Glad I bought my house 36 years ago.
1 percent
You point is so well stated Brian. People trying to cash in by over listing their home and then lowering it to where it should have been in the first place is NOT a crash.
2:34 bruh, please please please do this!
Great point on the sales price versus list price. I've been seeing the clickbait videos as well. As a CPA and numbers guy I really appreciate your no-nonsense approach Brian .
I think summer 2025 will be fire hot
@ultrajamz I hope you're right. I'm putting my house up for sale in 2025
@@kimberlyann1960 me too
Getting into investing and watching Brian videos is prosperous combo. Like +1
Feds cut rates and rates went up.
Fed feds rate is not a 1 to 1 correlation with mortgage interest rates. Mortgage rates are more tied to the 10-year treasury yields.
The market anticipates the cuts. It will start back down soon.
That was the funny part!
Brian, we are seriously thinking about buying now. Is this a good time to buy now? Should we wait?
Very well explain as usual.👍👍👍
Thank for for sharing this Bryan !I’m 26 with a family trying to buy my first home . You’re one of the few people I can trust with this type of information
The new American Dream are tiny homes, rvs, or being able to eat.
We love you Brian! Keep the truth coming!!!
The FED can only control mortgage rates by buying MBS. The changing FFR has very little impact on mortgage rates.
Really..cause from what I saw in 2020 alot can control aMErican intrest rates..
Buying the long end of the treasury market also lowers mortgage interest rates.
Fed is still reducing money supply, so mortgage rates won’t drop much, if at all.
I have been in mortgage lending for 20 years. The feds absolutely control rates.
That's idiotic. Look at the FFR and prime rate side by side since history 😂
Thanks for the charts and bullet points!!!
Homes aren’t selling…. 30 year low
Inventory skyrocketing, highest inventory since 2009
Those are the facts
Depends exactly where you are talking about, excess inventory is very regional dependent.
100% correct! Bought in 2020 and I could not afford the house I’m in
You da man. thank you.
I love this man,he is straight up with the business (period)
💯
This video will upset crash bros and their followers
In Virginia my real estate agent just said the market is bad , You sir are correct lower rates will drive the homes prices up more Leave the rates alone
Why all the three institutions predicted lower home price increase in 2025 than in 2024 while expecting further Fed rate cut in 2025?
Because all they do is project the recent past into the future. In mid 2022 they were predicting double digit price increases over the coming year 😂
Also because there isn’t much reason to believe that lowered interest rates will increase home prices.
There is pent up selling who have been convinced of that, so spring is likely to bring a lot of supply from people who were to,e they get better prices then.
And supply is already going up. And affordability remains low.
They may have expected a dem win in November.
5:38 , as always great video. When do you think this window of opportunity will be there?
Greedy is over... during pandemic there was bidding war on listing price.. they used to sell atleast 10% more than list price.. now to attract buyers they has to cut 10% from listing price.. what's your thoughts brain
Houses in my area in the northeast are still selling over asking
@@lc8119 I live in texas
@@lc8119 I am from texas
Not really, Federal Reserve flooded the economy with dollars and created inflation.
@@lc8119 same here in PA..at least for decently updated homes
Great video, very insightful 👏🏾
Seasonality happens in September every year.
That is correct. Happy Friday Froggerbtv!
Your Awesome Brian always look forward to you
The higher the house prices go, the better. I love rental inflation too.
Bought my $225k home in 2017 at 3.4, refi 2021 to 2.89. 12 yr mortgage. Will be selling in Spring and retire to Europe buying a smaller home with equity. Property taxes too high in US for my area once I'm on social security.
Sitting on 200k on sideline.Look like nothing aint going change.Fml
You look like you don't even have 5 dollars in your name😂😂😂😂
Sadly I agree. It looks like you have nothing but I am not laughing. Many have nothing banked
@@bryannelson7612 wtf
@@bryannelson7612meanwhile you probably look rich and look like you have everything and are broke asf
as a builder the price of a home is based on how much it cost me to build, not on how many other homes are being built.
( cost + %15-20
I completely disagree, you can't be raising prices on something endlessly unless you raise wages also. Sooner or later bubble will pop
Not when it comes to the housing market and mortgages. They'll just open up 40 year loans so Lower payments. Also, inventory will not increase anytime soon. Not until boomer die. So....2040?
Can you please do a video comparing buying a home versus building a home (privately)? Specifically with the intent of having ownership within a year or two of today.
Glad to see my favorite Asian
Its not just the value of the homes are rising its also the fact the dollar is becoming less. But wages are not being rising according to inflation.
Love when Brian trolls
Thank you for keeping us up to date!
My hot take: mortgage rates should NOT by tied to the fed funds rate. It’s dumb and unnecessary and lazy by the lending companies.
If you were a mortgage company, would you lend under the fed risk free rate? Why not just get money from the govt for a higher rate?
It’s necessary by lending companies. They are companies. They stop existing if they don’t make money
It’s not tied……..it’s tied to the bond market
they get the money from the fed, and then lend it to you to buy a house. they dont have that money, so, i think that's why it is tied to that.
if every citizen can borrow from the fed directly, man, that will cut them out and lower the overall cost of owning a house for sure. now this is not possible because the fed doesnt have the capacity to handle this, but in future when computer systems/applications are built for this, i think this is possible
Yes Bryan keep dropping please
Hi
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Thank you for getting here 1st cookieknife!
So save my cash till they do the fire sale with 0% interest rates?