Housing Market Update (After The Rate Cuts): Here's What You Can Expect
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- Опубліковано 25 вер 2024
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Update: already unaffordable housing will become even more unaffordable.
Depends on demand and may fluctuate around the same price
impossible prices
Possibly, but at the same time as rate decreases there should be more houses available in the market, too. So I hope they balance each other out.
@@kconfireit never will. You just have to buy and refinance when it’s a good time. while rates decrease it also gives more demand for people buying houses driving the house value up. You just have to buy and refinance
@@lukeskywalker2013😂🤡
Ask a realtor when’s a good time to buy a house. They always say it’s a good time😂
4 years ago, they were right. They might be still right.
Lol ask a crash bro and they’ll tell it’s not the right time to buy. They’ve been wrong for the last 4 years.
Ask a crash bro when it's a good time to buy. They'll tell you they are an expert market timer.
@@ebutuoy5088yeah ask anyone and they'll just say something equally unrealistic but on the downside hoping everything will be cheap someday 😂
The longer we wait the higher it gets. Best time was 3 years ago. 2nd best is today
Nobody knows the rules of the games can change at any moment…cash is king
I’m seeing a trend in my life: priced out of every hobby I had; got my little house just before the crazy housing costs. My pay is NOT even close to keeping up with inflation. I’m sure many folks are in the same boat. Good luck!
Yep!!
Agree
Interest rates mean nothing when house prices are unaffordable…
As interest rate decline, home prices jumps😂
Houses are unaffordable because the USD is losing value… its not greedy sellers
@@RonBlauvelt-j7qyep, no one sees it through this lease and that’s a problem, if not THE problem.
@@RonBlauvelt-j7q - its both, and the greedy are also the reason for the US dollar losing value.
WE could raise rates to 10% and layoff half the country housing prices will come down then.
Imagine 1/2 mil being the "median" for basically a whatever ass entry-level house in US 🤣🤣🤣 what a joke this country has become.
Truely this country sold out and the people are selfish and greedy. History has already told us what happens next.
the SD is massive, depending on the area.
What you get for voting democrats
Most countries are much much worse. Canada has much more expensive homes with much lower wages for high end.
Wait until you leave the country and realize it's global. Very few good housing deals in any developed nation.
Has anyone else noticed that the problem with everything is the federal government...
Always has been always will be.
Yet half the country wants the all mighty government to have full power and control. 🤦🏻♂️
And the citizens are angels. Yeah right
Always was always will be
Ain't nothing federal about the federal reserve.
Property tax assessors fraudulently elevate your property worth.
No
Interesting. Most homes tax accessment value is significantly lower than market value
@@thomasjpuleo8112yes... they got busted
They're trying to drum up more money 💰
That's false
In the 90's, people thought that double-digit interest rates would never come down to single digit , and they did.
Yeah, all we gotta do is wait 30 years and try not to die!
@@jeremyroper7273 Exactly, lol
It didn’t matter when houses where 150k
problem is prices, not rates. and the question is will prices ever go down significantly and how would that happen. The only worry around rates now is if the lower rates they will spark more demand, leading to even higher prices.
@@meganboyle2191 You're right. I agree
Even if there is a crash, taxes and insurance will not go down.
Amen! Never, ever, ever, ever will that happen!!!
Algorithmic price fixing. Insurance companies are colluding
Taxes, as in property taxes, and insurance should technically come down. It just depends how greedy your county assessor and insurance adjuster are
If prices go down taxes will go down 😅
You can check house tax history back in 2006-2009.
And if prices go down, insurance should also ethically go down because cost of replacement should be less.
But this will be up to insurance companies sooo 🤷♀️
Realtors still trying to sell homes built in the 1950’s for 400k blows my mind
Lmao made y’all blow up on this one
lol
Or in the case of mid century moderns, millions of dollars
The realtors don't set the price. They MUST list it for what the seller wants
Realtor wants their 10% cut like the *"Big Guy"* .
Imagine trying to insure it.
I’ve been saving for a down payment for years. If house prices go up then that means that I will have to continue saving for even longer. I might never be able to own a home.
This is the best home buying advice. I waited for the crash that never happen or will happen in good neighborhoods cost me an extra $100K to purchase the home. Today it would have cost me $130K more.
Buy high, foreclose low 👍
The future of home prices is unknown. However, the last time the Fed cut .50 basis points was in 2007. Property taxes are assessed from the prior year (lag). Thus, property taxes are not a good leading indicator for home values (IMHO).
Thank you for speaking the truth.
@@RD-fp6xu much appreciated !
Home prices go up 5% annually. It’s a good return better than the stock market.
@@SFelectrolysisYou obviously know nothing about the stock market.🤣🤣🤣
@@victortoombs4754 and you dont know about real estate. Housing is not as volatile as stocks .
As I used to tell my students: The world is never going to end even though people have been saying it will for millennia. They also said that houses could never top $100,000. Am I smarter than them? No. I have just been around a lot longer. Everyone should study economic history, at least in a rudimentary form.
The world will end. The bible says so and it can be trusted more than historical trends in economics. Especially when the bible says that there will people saying that things will continue as they have since the beginning, just like you are saying.
The Money Supply is dwindling as support goes way.
The Dollar no longer can be printed.
So the Banks will pass that fact on to the Customers.................Right?
Yes for sure, the history of money and the webs and flows of greed, government (rulers), has always been there and society’s rise and crash and growth happens eventually again.
I’m glad I didn’t sell my house to wait until the market crashed to buy another house because sounds like house market going go up with lower interest rates coming
Grateful that you condense information for the people!
Thank you for all the support Errington!
Ain’t gone lie, you called it long ago. I been watchin for a minute. You said ain’t no crash 4 years ago.
Prices in California obviously haven't gone down, but Texas and Florida are down. Just like the last cycle, California will be the last to go down and the first to go back up.
Texas not so much.
California's anti-development NIMBY culture definitely helps keep prices up. No telling if cycles will look the same since California's biggest cities have been losing population for 5 years and the only places growing are far flung suburbs.
Ummm Florida is down not due to intrest rates. But new laws.
South Florida is not down
@@EvilMonkey7818 not just nimby but property tax. People are paying 2k yearly tax on million dollar homes. If California had tried openly to keep prices high they wouldn’t have done much differently.
I bought in March and got a 6.25 and was happy with it compared to others that bought around that same time. But I cannot wait to be in the 4% to 4.5% range. Game changer for most people in similar situations
We bought at a 6.5 rate. I’d love for it to be at 4.5. Here’s to hoping!
I’m at 6.5 and hoping for the same
2026 for sure@@seanaxel1004
Same here 6.5
Home prices will not crash. They just become unaffordable that’s all. Moving on.
The problem was the Feds didn't allow a correction to occur. That being the case, the income to debt ratio has made housing almost completely unaffordable to average consumers due to inflation. This blunder will not only create a deflationary scenario, but cause a problem generating new liquidity through the bond market. This system was never meant to be sustainable
Brian you are seriously the best financial UA-camr on UA-cam I am huge fan of
I can always appreciate when someone clearly states their opinion. Rare these days.
My property taxes went up again this year. 2 nd time in 3 yeara. That has NEVER happened before
Wow! Mine have gone up every year...by about $10-20 per year. The end is near.😂
@@Swamprowdy same here. Mine go up 2% every year.
Mine increased by 50% since 2021. Orlando florida
@@MrSinaster damn that sucks lol
Yes mine have gone up & escrow also!
You said it yourself, up 46% in last 5 years . That’s a bubble , a huge bubble ready to pop
😂 keep on dreaming
Nothing is popping my friend. This is not due to fraudulent. Mortgages being issued.
😂😂😂
It’s due to too much demand and not enough supply. Corporations buying is an added upward pressure. Low interest rates will likely boost home prices even more.
The bubble that formed in leading up to the 2008 financial crisis was not the first housing bubble. Likely the best case scenario at the national level is flat to minimal price growth in the next couple of years, since so much demand was pulled forward by years during the Covid era. There's no reason to believe rates dropping 100 bps will accelerate demand. That's mouth breather talking points.
The prediction markets are expecting 75BP worth of cuts for the remainder of the year.... I hope they're right because I'm looking to sell but I don't want inflation to kick up again.....
So 4.25% by the end of the year? That's stupid...
If you don't want inflation to kick up again you should hope they don't cut interest rates anymore.
Inflation is baked into the cake, it’s going to be much worse than 21 this time. Say goodbye to king dollar
When the interest goes down the big investors will swoop in and buy up all the properties.
Yes sir and borrow against their current homes with low rates and swallow up the supply 💪
Build your own home… if everyone did this there wouldn’t be supply issues 🤷
I have been saying that for the last couple of years....
the 10 year has been going UP. come on, pay attention
No way i could aford a house.. nor would i pay that not paying 400+k for a 50k house
Stand your ground!!!!! Same here!!!
@@racerx2580 I am it the other idiots /sheep that wont
@@Johnsautorepair1 I hear ya
Keep renting! Your landlord appreciates you 😂
@@Johnsautorepair1 average new car is over 50k… you think homes are going to go for 50k? The guy making your burger at McDonald’s makes $20hr.
If prices do not come down, what do the rest of us working Americans have left to live for? If there is no chance of getting that carrot on the stick (a house, family, etc.), then why bother showing up to our jobs tomorrow morning? What happens when we just collectively decide to drop out of the workforce? My boss don't care about me. Maybe the homeless folks got the right idea. Be your own boss in that little tent of yours by Santa Monica Beach. I might bounce from this work nonsense if I'm just a serf / indentured servant at this point.
Easy answer…. asks Queen Kafuckla
Your not alone in this statement✌️
Other countries exist too
Vote maga...our only chance
Read the Book The Great Replace , we, that is, western societies including Europe are, by design, being replaced with immigrants.
Ask yourself, why would all these countries just open borders to illegals, unvetted, and changing laws to have these same ppl work, and vote.
This is by design
So glad I have notifications on
Thank you for all the support Cam Man!
I just sit on the channel and keep hitting refresh.
Thank you!
I make more than the average wage but i couldn't even come close to buying an average priced home. Not sustainable.
I have a bigger feeling that this won't follow the trend people think it does. We won't see a falling off the cliff - we're going to see a crash up where the dollar loses value, but the Dow goes to 55k or 60k.
In Brian We Trust
In GOD we trust! Blasphemous thing against our Lord so repent.
All of the future rate cuts means a slow growth market going forward. I think they're trying to get ahead of a potential slow economy.
I'm more concerned about property taxes and insurance, because those never go away.
Agree
Make housing cheap again
Lol
how?
@@geertterharmseldeportations
Powell said months ago that there was no reason for home prices to risen so much it was unexplainable. Hold on to your cash! Buy nothing!
@@Sports4All-kw5vm 🐣😂 Powell knows EXACTLY why houses rose in price. See M2 vs Median Existing Sales Price.
gold price?
Hold on to cash that the federal government is devaluating with the money printing starting back up
1920s deflation soon, mark it
@@Tom-fd3dxWhat’s the alternative?
Can you make a video on what to look for in home buying process
Asking prices----and people offer 20% over ask in my area --CRAZY HERE! Not going down outside NYC burbs .... INFLATION HERE TO STAY
Home prices are in fact going up in my area!
But nobody is buying ;)
@@driesvdg8743 someone is buying to make the prices go up
Prices in my location have been going up nonstop since 2020.
@@driesvdg8743 I know multiple people currently buying and who have recently bought. 🥲
@@driesvdg8743 people do buy
House prices have come down, but its not a crash. They have dropped it that 10-40k that over marked it in the first place. I even dropped my vacant land down 20k to try and get more interest into it.
This man should run for some type of office. I would follow you up and vote for you, give donations, whatever for him to get to the top. I am sure many of us would like the idea. We need honest,smart folks like him to represent us
Lower rates don't mean much when homes are so overpriced. For those who are considering buying, keep holding out. Most of the suckers have bought already and sellers have been lowering prices while inventory is gradually increasing.
Yep!
thats not how it is in every area.
@@Jaysun1 false
That’s absolutely right, thank you, line your ducks up and get ready for the opportunity!
The estimated price of my home went up $20k the past couple months, definitely did not crash
Mortgage rates have come down by a percent and a half in the last year and yet pending sales are at historical lows... Home prices haven't risen since 2022.
So you just make up your own data? 😂
Where I live home prices have decreased (I’m even seeing many prices being slashed because they aren’t selling), but there’s no crash.
Houses haven't gone up, the dollar just buys less. Gov has been adding 10 percent per year to the supply.
It also seems the general quality of most goods has declined, paying more for inferior quality products overall
I just realized he's talking to me the same way my dad would when helping me with my math homework and I'd always end up crying
Evevn with 1%, the house prices are UNAFFORDABLE
Yet, people keep buying houses.
@@Popperdrop lower interest rates means people with already locked in 3.5% rates will be willing to sell..... So we should see higher rates of mobility and increasing supply.
@RodSerling-y6p But s8nce 2020 to now, the very same Home skyrocketed $50,000 to $100,000 more than it's 2020 price, still too much PERIOD.
@@Popperdrop Yeah I agree. Houses still too expensive.
Prices are NOT, NOT going down, End of Story!
Realtor!
Facts. It sucks for people who listened to the crash bros and waited for the last 4 years.
Heard this same garbage back in 07 and even 08. It has happened before and will happen again. It’s cyclical.
correct prices are going up more slowly but still up...
@@jakethesnake5343 very true. 2007 cheap money lead to overspeculation (in financial services and real estate), lead to lack of return on investment, lead to selloff, lead to recession. This time, the overspeculation is mostly in big tech/ai/crypto, and that's going to pull the whole market down with it. I see it all crashing next year
The crazy ones are the people paying this much for properties not worth it. Some markets are flush with idiots on panic buy mode, it’s unfortunate.
Ill just keep renting at half the price, I REFUSE to be some one else’s exit liquidity
Keep losing out on that appreciation…
Half the price but the rent is still going to go up every year 🥴
Your 100% rite too. They've been telling us that the housing market will soon crash for over 3 years now and prices have only gone up not down.
American citizens won’t be able to buy one but those just getting here will.
Happening in my town weekly😢
Their getting checks from the government in the thousands every month
The FED and Treasury cannot afford to raise rates again because the interest being paid on our national debt. They say the economy is strong but they are cutting rates? It does not add up. The focus is now on the government not defaulting on their debt.
They keep calling to buy my house lol 😅
Me too!
I keep getting mail
Mines too. I rented it out & moved to Belize 😂😂😂
@@slimm7848 Smart move.
I love you. I trust your prediction and NO clickbait videos
I bought my home with cash in 2011. The value has more than doubled since then, but so have the property taxes.
you've more than doubled if you bought in 2011. or you're lying and didn't buy in 2011.
It's not your house if your paying "property taxes" on it.
@@focusmelvin You are correct. How do you avoid property taxes?
That's the big issue taxes & insurance killing everyone in the country it's so obviously 😢
When this house of cards comes down its gonna be bad. Once home prices start falling its like an avalanche and all these buyers will be underwater on their mortgages...
You are right this will end badly and the middle class will hurt the most!
Good afternoon to you, Brian. hope everything is going well for you today, BROTHER!
BRIAN IS THE PODCAST🦁 LION (the Walter Cronkite of podcasts 🏆)
Happy Monday Stephen!
Home prices will start falling only when greedy home buyers pause and think !!
Making News Great Again! Brian el mero mero.
Te deseo un feliz dia!
Igualmente, gracias!
Gracias!
So my question regarding the interest rate cuts it’s this! If it takes a while for us to see the interest rate cuts an let’s say they are all down end of 2025 an they decide to raise the interest in 25-2026 will it be in effect right away or take the lag time like it did to lower the interest. Speaking far as buying cars home etc… being we won’t feel these interest cuts for a while right?
Mortgage Lender here: Brian Kim is always on point! Best time to buy was yesterday.
Home price need to stop going up
With rate cuts a person can afford financing more, prices will go up.
Exactly
Facts on the opinion! We need more time with the high interest rates to create more homes, so that when the interest goes down there’s more supply. It’s definitely worse than we think it is and what feds are claiming.
How about the other side: “It won’t happen” and then it does.
It wont happen
Yeah, like home prices never go down and then 2008 came along.
Thank you Brian
Good reminder to not try timing the housing market
People will keep predicting things over n over till it happens then they will say "I told you so! 10 yrs later...
Yup 😅
@@iSeeTicks it’s going to rain 😂
Higher property taxes here we come! More money for the government.
Hey gas is down interest rate down every thing is good just in time for the biggest election in history 😂
agree there's no crash! However, referencing property taxes and homeowners insurance is irrelevant - these only get assessed once per year
This was all to help democrats look good
Property tax doesn’t follow price drops. My home price dropped and the city raised the property tax, so I had to pay more
My house still holding on his price
Location, location, location and all real estate is local!
@@Sports4All-kw5vm good point
Crazy if I refinance my 4.8 to let's say 3% in the next couple of years. Property taxes just gonna eat those savings... Crash it.
if your property taxes are breaking you, you overspent on your house.
@@freedomoffgrid82 Not necessarily because the new property taxes aren't the same as they were when that person originally purchased
@@freedomoffgrid82they're not breaking me.
I bought my home near Atlanta about 6 months ago, after watching the market for years. Decent demand with low inventory kept prices high even during covid, if you can, get it while you can. Prices arent going down anytime soon. Check the average residential real estate house price in the US for the past 100 years, with very few large down turns, its all been on the up and up, just like everything else.
Inflation over the long term never stops going up.
im a millianial, i was lucky to buy my land before the pandemic.... in my lifetime, i have seen very little to no hope for most people in america. Itself a "those who have and those who have not" country. I may be disenfranchised due to my time spent in the Middle East as a soldier fighting a pointless war. Another one after the one my father foughtin. Seem a pawn is a pawn to the higher-ups. There is no answer to solve the housing problems. I believe this because the people who are in charge of fixing it are the same agents that cause it. Unless real fear is put into them i.e. black bailed from the industry or jail time for commenting crimes against the american people. Then nothing changes, and we continue down the path of failure. But hey, at least the election is soooo important, and this crisis will always give crappy politicians something to gab about. Great video, brian, as all always!!!🎉
Well stated.
@@mfranquemont1884all good points, it seems there really are two states instead of fifty. The state of haves and state of have nots. I have to tune out the haves advice almost unilaterally. "Just work harder" only gets you more tired when the game is rigged.
Great comment
Top tier comment right here
Government is always the problem
No crash just resetting for affordability
Yup. They are also raising the bar up.
I love that you always tell the truth! Not trying to get clicks.
I did the math, rates would have to go down to 1.5 % in order to make it worth it to me to refi a 2.875%. Will they go down THAT low? HIGHLY DOUBTFUL. So I will continue to overpay my principal as I've been doing since the first payment was due, cut YEARS off the life of the mortgage in just 3 years. As far as property taxes, once we claimed the Double Homestead Exemption our property taxes almost halved, Once we turn 65 property tax stops, 100% disabled vets are property tax exempt, current military are also exempt. As far as Home Owner's, can raise deductibles, look for discounts for having safety features like alarms, also paying in full.
Which state do you live in?
Thank you Brian for keeping us informed personally I think that houses are up so high until to lower
the interest rate to 5 per cent still have
the PITI to high not to mention the
association fees are outrageous, It's just not affordable for the average person.
dont buy a home, rent., u wont have maintenance, mowing or property tax & insurance
Yup only increasing rent each year 😉
Feel free to buy other people property. I will buy myself some instead.
Thank you for your honest feedback!! Scary times ahead but it helps to have someone like you in our corner.
Crash never coming. Let’s just deal with the fact prices are staying at this point. Will prices correct slightly? Maybe. But this is how it’s going to be.
*The only channels I watch ❤*
People who are saying the crash is happening are probably saying that to make themselves feel better about waiting for 4 years.
I will come back to this comment when it happens.
@@Kanafa-pb19x please come back.
@@Francisco-po1cf don’t worry amigo.
@@Kanafa-pb19x Coming back in 10 years dosent mean you were right it just means eventually you were right which is inevitable.
I can't wait! my home over doubled in value here in NJ since 2020. this is typical in this area.
But you are stuck. You can't find an affordable house even if you were able to sell.
Funny how long it takes for middle class Americans to purchase their first home, and how fast it is to lose it.
There should be more safety nets for homeowners. Simple life and accident insurance isn’t enough.
Please Government, run my life.
Would it be cheaper to build your home if home prices rise due to interest rates declining?
Trump 2024!🏁🏁
👍💪
If you measure home prices in dollars home prices are up, if you measure home prices in bitcoin home prices in bitcoin are way down.
Wheres the blue shirt?!?!
This guy knows his $#!t.
Jesus Christ died for our sins, was buried and rose again the third day (1 Corinthians 15:1-4 KJV). Jesus shed His blood for our sins (Ephesians 1:7 KJV). Water baptism DOESN'T save us (1 Corinthians 1:17 KJV). We are saved by grace through faith, not our works (Ephesians 2:8-9 KJV).
Most random thing ever.....
That's Jesus H. Christ buddy!
Lol
Amen 🙏🏽
@@jwd1995😂 but i agree with the message
The housing market for sure did go down in my area. I bought my house in 2020 for 290k then quickly went up to 410k+. It is now worth 330k. Everything is currently flat lined atm