✅Connect Directly With Our Team - www.theeducatedhomebuyer.com/expert ⏩The Housing Market Is In BIG Trouble - ua-cam.com/video/0woUY-TCu8Q/v-deo.html ⏩The Housing Market Is About To SHIFT - ua-cam.com/video/avjEiAir5u8/v-deo.html
Refinancing for a lower rate and resetting the amortization cycle is the dumbest thing people suggest. You pay more in the long term to save a little now
Sometimes. Many of our clients opt to match the remaining amortization of the current loan. Others value maximizing the payment savings while some match up the payment to the current loan and shorten the term. It pays to work with someone that shows you all of the scenarios vs just pitching the max monthly savings.
Good morning guys I'm enjoying the last day of 2024 listening to you guys share great information and updates on the New Year thanks for the notification smashed the thumbs up good stuff guys
Many people are unable to afford homes at current prices and rates but over 4 million existing homes will sell in 2025 so many can and will buy this year.
i have hundreds listings saved in my folder around Forth Worth and new homes been on the market for 170 day with masive discounts no one is buying this homes right now and they are realy nice home low property taxes no HOA 1 and more acer of land
Statistically, a recession begins some number of months after the yield curve uninverts. Other metrics indicate a recession in 2025, but a few do not. (If I knew for sure I'd be rich!)
Hey Guys. I have a question that I will aim to keep brief. Your numbers seemed as if they could have been tailored specifically for my wife and I. We purchase a home 15 months ago at 7.375%. 1). We love the house. 2). We paid asking price AND were able to get a full, no fault inspection. 3). House is assessed at "75%" with us having recently replaced the roof, new electrical panel(s), new laundry closet, and some ancillary repairs. Our mortgage broker approached us in September where we were on track to lock in at 5.625%. We missed out on the lock when the appraiser came back with a low appraisal based on non comparable comps (according to our broker). The broker tried in vein to make it right, but simply couldn't. Now I feel like I have to treat the house as a flip, strategically upgrading more for curb appeal. Or do we just bank the upgrade money to pay points if need be? Thoughts? Thank you from the crazy state of Maine.
We don't love the idea of paying points to buy down a rate as the break even period is typically 5-6 years. Once paid, that's a sunk cost. If rates move lower in the next 5-6 years you'll have wasted it. We'd focus on keeping the home in tip top shape and having your broker work with your agent to see what comps are available to support your estimated value. Thanks for watching the show!
Many markets will lose value in 2025. The nationwide market will likely see a 2-5% increase in values, similar to slightly less than 2024. As mentioned in all of our episodes. National figures are irrelevant. You need the data for you market, all the way down the the neighborhood level. Happy New Year!
@ with transactions at decades low and first time home buyer % down to 24% from a normal 40% average, this is causing the median home price to rise the last 12 months and future 12 months. When first time homebuyer and the move up homebuyer returns to the market, median home price will fall. The FED broke the housing market in 2020
exactly i was looking at new homes west of forth worth worth properties , and nothing is selling there last year new developments just stay empty for moths all most a year
✅Connect Directly With Our Team - www.theeducatedhomebuyer.com/expert
⏩The Housing Market Is In BIG Trouble - ua-cam.com/video/0woUY-TCu8Q/v-deo.html
⏩The Housing Market Is About To SHIFT - ua-cam.com/video/avjEiAir5u8/v-deo.html
So it may go up or down. Thanks guys!
😂😂😂
LOL
😂😂
Refinancing for a lower rate and resetting the amortization cycle is the dumbest thing people suggest. You pay more in the long term to save a little now
Sometimes. Many of our clients opt to match the remaining amortization of the current loan. Others value maximizing the payment savings while some match up the payment to the current loan and shorten the term. It pays to work with someone that shows you all of the scenarios vs just pitching the max monthly savings.
Good morning guys I'm enjoying the last day of 2024 listening to you guys share great information and updates on the New Year thanks for the notification smashed the thumbs up good stuff guys
Interest rates are not coming down for years.
🎉
What a racket this whole home buying business is …
people can't afford this home today
Many people are unable to afford homes at current prices and rates but over 4 million existing homes will sell in 2025 so many can and will buy this year.
i have hundreds listings saved in my folder around Forth Worth and new homes been on the market for 170 day with masive discounts no one is buying this homes right now and they are realy nice home low property taxes no HOA 1 and more acer of land
Statistically, a recession begins some number of months after the yield curve uninverts. Other metrics indicate a recession in 2025, but a few do not. (If I knew for sure I'd be rich!)
Hey Guys. I have a question that I will aim to keep brief. Your numbers seemed as if they could have been tailored specifically for my wife and I. We purchase a home 15 months ago at 7.375%. 1). We love the house. 2). We paid asking price AND were able to get a full, no fault inspection. 3). House is assessed at "75%" with us having recently replaced the roof, new electrical panel(s), new laundry closet, and some ancillary repairs. Our mortgage broker approached us in September where we were on track to lock in at 5.625%. We missed out on the lock when the appraiser came back with a low appraisal based on non comparable comps (according to our broker). The broker tried in vein to make it right, but simply couldn't. Now I feel like I have to treat the house as a flip, strategically upgrading more for curb appeal. Or do we just bank the upgrade money to pay points if need be? Thoughts? Thank you from the crazy state of Maine.
We don't love the idea of paying points to buy down a rate as the break even period is typically 5-6 years. Once paid, that's a sunk cost. If rates move lower in the next 5-6 years you'll have wasted it. We'd focus on keeping the home in tip top shape and having your broker work with your agent to see what comps are available to support your estimated value. Thanks for watching the show!
@@TheEducatedHomebuyer Many thanks for your input guys, and for the great info!!
WHAT HAPPENED TO THE VIDEO EXPLAINING ABOUT THE NEW PROGRAM THAT WAS OFFERING 20K-50K FOR CALIFORNIA????
It's on my @jebsmith channel.
This is the least confident I've heard Jeb. And he's a housing bull. Just off of that id predict closer to a recession than not.
Austin Texas prices are down 20% in 2 years. Keep telling yourself prices will rise 2025.
Many markets will lose value in 2025. The nationwide market will likely see a 2-5% increase in values, similar to slightly less than 2024. As mentioned in all of our episodes. National figures are irrelevant. You need the data for you market, all the way down the the neighborhood level. Happy New Year!
@ with transactions at decades low and first time home buyer % down to 24% from a normal 40% average, this is causing the median home price to rise the last 12 months and future 12 months. When first time homebuyer and the move up homebuyer returns to the market, median home price will fall. The FED broke the housing market in 2020
Interesting theory. Decreasing prices would be a novel response to increased demand.
exactly i was looking at new homes west of forth worth worth properties , and nothing is selling there last year new developments just stay empty for moths all most a year