I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé .
Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I receive guidance from coach Melissa Terri Swayne who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.
I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Melissa can provide me with the guidance needed to rectify the situation before it reaches a critical point.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
We bought our first house in 1992, at 8.5%. The current rates are not high, just not historically low. It’s the price tag on houses that is outrageous. I would like to see a longer historical view of interest rates, not just the last decade, it would give even more perspective.
On the sidelines waiting for years. Not paying these ridiculous home prices. Will invest in other areas. I remember 2009-2011, never again. The depression is coming and it will fall on Trump’s watch this time. Too much dollars were spent and will come back to haunt us. Where I’m at homes either sit for over a year or they pend immediately. Apartment buildings are newly built and mostly empty. Much young people are living in campers on family land or just living with parents and or grandparents. They can’t afford homes and barely apartments. The greed is unbelievable.
I bought my first house in 1990 at 10.75% interest rate and refinanced a few times down to 7.5%. We refinanced our primary residence at 3% and paid cash for our Phoenix vacation home in 2010, then took $200k of equity out of it at 2.5% and invested it in the stock market... made $50k on it. Now we can't afford a new home near Knoxville where we intended to retire... rural Tennessee now costs $800k to build a 2000 sq ft home but Phoenix is only worth $500k... CRAZY!
Why no one talked about Construction cost? Triple development charges and Quadruple delay on permit acquisition. Construction cost doubled. So interst rates are a tiny fraction of the problem. No builder will put shuffle in the ground with
Why do we need new listings to be at a high for home prices to drop (vs Active Listing growth)? Is it an indication of broad economic distress? Are there scenarios where new listings are low and prices fall similar to 2022?
In general it takes greater supply and low demand to get the market out of balance enough for home prices to fall. Because supply has been so restricted, even the record low demand was not enough to drop prices for more than just a couple months in 2022.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Long term 5% home price gains were driven by wage growth plus cost of debt decreasing. What happens when cost of debt doesn’t decrease? No more cap rate compression?
I always appreciate the deeper dives into various markets like Washington D.C. at the end. It'll be interesting to see D.C. after the election too with all the federal worker changes.
Housing is stuck in an interest rate and pricing jail. No one is moving cause no one can afford the home they live in at current rates. The equity on paper looks great until folks start getting desperate. If real unemployment increases 2-3%, which will make the stock market crash, housing will drop as well.
Simply running the numbers in a cold unfeeling way, we SHOULD already be seeing a lot of distressed sales from people involved in Real Estate transactions (both directly and many more indirectly), given sales have been down so much on a percentage basis. Knowing realtors for decades, I sincerely doubt every single one of them was living with a 35% income cushion.
@CaptainCaveman1170 that certainly depends on location! Effingham County Georgia is experiencing extreme growth and expansion. We have a ton of job openings and not enough housing
Of course inventory will grow! It's been low for the past 3 years. And people should look into CREATIVE FINANCING methods for buying a home rather than asking for a loan from an institution or bank!
Rates only get worse because of rising property taxes and home insurance continuing to balloon... unaffordable in DFW if you're not making over six figures.
I see sales improving a bit, but I also see more sellers starting to accept "aggressive" offers. But in fairness I only monitor the Southern states, and in an admittedly unscientific manner (that I still trust more than the official numbers).
Arizona valley is definitely building a lot of housing. The problem is that unless you have an annual income of $130,000 plus, you will not be able to afford it. Blue collar workers in AZ make about $20 to $22 an hour and that is whittled away by the high cost of medical and dental coverages. Also, there are bidding wars to get a home. Plan on paying over the asking price for your dream home. Good luck surviving in Phoenix.
Wait to buy, invest now! I recommend the incomparable Billy Bob Horton. He's partnered with Jo Don Barker who has brought on board Mary Lou Rentner, who recently broke ties with Neil I Old! 😄
We're hoping to sell our house soon. The rates have caused it not to sell as fast, plus it's a large estate with 9.3 acres and two houses in Jacksonville, Florida.
I don’t believe there will be a lot of migration next year. I think jobs remain relatively frozen. Financial conditions remain constrained for companies causing less job movements. I imagine hiring freezes continue to be a thing with people still concerned about the future.
Christ Almighty, how is gdp still positive? I havent been able to raise rents for 2 years but my costs keep increasing, insurance, taxes. We need a reprieve to lower rates, then the fed can increase it to 10 percent if they want.
Government spending, conveniently, ends up counting as GDP ("transfer payments"). Even grandma going to the doctor, on Uncle Sam's dime, counts as GDP in roundabout ways. The War machine's handsome profits also count...
Insurance and taxes are bloated, that’s going to have to deflate, with a reality scenario akin to a 20% to 40% decrease in value of everything. I’m old enough to have seen it happen.
Every market has its pluses and minuses Remember a house is a home unless you are buying for investment Each has different rules, risks and advantages. The issue with Florida and the southwest and California is “are the environmental Crisis over the last few years flukes or ‘just the beginning of the effects ofglobal warming-overpopulation’”? My guesstimate is the latter. So if you buy there you have to price in the chances of floods,fires,heat and hurricanes On your purchase price. Good Luck🤪🤪.
You young two professional incomes have nerve complaining about interest rates. JIMMY CARTER blow your minds look at those interest rates yet people continued to live and buy AND have kids!
I believe my first home was 15% in the 70s yet as you say we still bought homes. Fixer uppers for sure that I doubt many would be eager to buy today or insist on doing an immediate remodel.
Demographics say so. Immigration and immobile boomers were the only two things keeping undue pressure on the existing US housing stock. If immigration slows to a trickle, and the younger generations continue to NOT replace themselves, there "should" be a steady rise in available kitchens and toilets for the next decade (or more).
Baloney! There's an economic boom happening in Georgia (Savannah and all surrounding areas) they can't build fast enough. And that's residential and industrial buildings. Plus they are tons of jobs in all areas regardless of your background or field. They're even hiring illegal aliens They're so desperate!
Agreed, when people say maybe the economy will do better under whichever president they have a fettish for… well what does that mean? You want prices to go down and be more affordable? Well, how do you think that’s suppose to happen?
rates are heading higher because the liquidity in the banking system is drying up. gerome Powell is pissed at Trump sonhe is going to cause a crisis before he leaves.
Drill baby drill, new construction prices and interest rates down, forcing resale prices way down, giving first time buyers a better chance to get their first house.
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I would really love to know how much work you did put in to get to this stage.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Really you people know her? I was even thinking that I'm the only one she has helped with trading.
Wow! wow! please is there any way to reach her services?
Sure!! Here’s her line
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé .
Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
I receive guidance from coach Melissa Terri Swayne who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.
I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Melissa can provide me with the guidance needed to rectify the situation before it reaches a critical point.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
We bought our first house in 1992, at 8.5%. The current rates are not high, just not historically low. It’s the price tag on houses that is outrageous. I would like to see a longer historical view of interest rates, not just the last decade, it would give even more perspective.
They were 10% + in the late 1970s, early 80s.
It would be interesting to see what percentage of that 28% current inventory is in the state of Florida. Thanks for the video.
On the sidelines waiting for years. Not paying these ridiculous home prices. Will invest in other areas. I remember 2009-2011, never again. The depression is coming and it will fall on Trump’s watch this time. Too much dollars were spent and will come back to haunt us. Where I’m at homes either sit for over a year or they pend immediately. Apartment buildings are newly built and mostly empty. Much young people are living in campers on family land or just living with parents and or grandparents. They can’t afford homes and barely apartments. The greed is unbelievable.
I bought my first house in 1990 at 10.75% interest rate and refinanced a few times down to 7.5%. We refinanced our primary residence at 3% and paid cash for our Phoenix vacation home in 2010, then took $200k of equity out of it at 2.5% and invested it in the stock market... made $50k on it. Now we can't afford a new home near Knoxville where we intended to retire... rural Tennessee now costs $800k to build a 2000 sq ft home but Phoenix is only worth $500k... CRAZY!
Yeah you're lying. Im looking at Knoxville right now and you can buy a 3000sqft house for 450-500K. 800K gets you 4000sqft or more.
Useful information starts at 4:22
Why no one talked about Construction cost?
Triple development charges and
Quadruple delay on permit acquisition.
Construction cost doubled. So interst rates are a tiny fraction of the problem.
No builder will put shuffle in the ground with
Why do we need new listings to be at a high for home prices to drop (vs Active Listing growth)? Is it an indication of broad economic distress? Are there scenarios where new listings are low and prices fall similar to 2022?
In general it takes greater supply and low demand to get the market out of balance enough for home prices to fall. Because supply has been so restricted, even the record low demand was not enough to drop prices for more than just a couple months in 2022.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like gold, silver, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
RATES GONNA HAVE TO STAY HIGH UNLESS YOU WANT PRICES TO SKYROCKET AGAIN 🚨
This. The only way to prices to drop with lower rate is more supply and it ain't gonna happened overnight.
Long term 5% home price gains were driven by wage growth plus cost of debt decreasing. What happens when cost of debt doesn’t decrease? No more cap rate compression?
DOLLAR IMPLODES AND THE DIGITAL DOLLAR IS BORN
I always appreciate the deeper dives into various markets like Washington D.C. at the end. It'll be interesting to see D.C. after the election too with all the federal worker changes.
Housing is stuck in an interest rate and pricing jail. No one is moving cause no one can afford the home they live in at current rates. The equity on paper looks great until folks start getting desperate. If real unemployment increases 2-3%, which will make the stock market crash, housing will drop as well.
Also rates could easily go higher. Mortgage rates hitting 8% again is extremely possible. 9 or even 10% not out of the question.
Simply running the numbers in a cold unfeeling way, we SHOULD already be seeing a lot of distressed sales from people involved in Real Estate transactions (both directly and many more indirectly), given sales have been down so much on a percentage basis. Knowing realtors for decades, I sincerely doubt every single one of them was living with a 35% income cushion.
We have tons of jobs in Georgia! They're hiring in all professions, fields and skill levels. Try Savannah and surrounding areas if you're interested.
@CaptainCaveman1170 that certainly depends on location! Effingham County Georgia is experiencing extreme growth and expansion. We have a ton of job openings and not enough housing
Of course inventory will grow! It's been low for the past 3 years. And people should look into CREATIVE FINANCING methods for buying a home rather than asking for a loan from an institution or bank!
Rates only get worse because of rising property taxes and home insurance continuing to balloon... unaffordable in DFW if you're not making over six figures.
I see sales improving a bit, but I also see more sellers starting to accept "aggressive" offers. But in fairness I only monitor the Southern states, and in an admittedly unscientific manner (that I still trust more than the official numbers).
I’m in va not seeing increased sales. I’m in Williamsburg, very expensive/high cost living always here.
There are a whole lot of houses going to auctions right now in north Ga. I don’t know about other areas.
Resiclub does a great job showing the local data
Arizona valley is definitely building a lot of housing. The problem is that unless you have an annual income of $130,000 plus, you will not be able to afford it. Blue collar workers in AZ make about $20 to $22 an hour and that is whittled away by the high cost of medical and dental coverages. Also, there are bidding wars to get a home. Plan on paying over the asking price for your dream home. Good luck surviving in Phoenix.
Phoenix is crashing
The question is can anyone buy their house back today that's the question
Can someone do a TLDR please. Thank you
Wait to buy, invest now! I recommend the incomparable Billy Bob Horton. He's partnered with Jo Don Barker who has brought on board Mary Lou Rentner, who recently broke ties with Neil I Old! 😄
We're hoping to sell our house soon. The rates have caused it not to sell as fast, plus it's a large estate with 9.3 acres and two houses in Jacksonville, Florida.
Will luxury homes sell this coming year?
Geez. 6 minutes of BS. Get to the point already
I don’t believe there will be a lot of migration next year. I think jobs remain relatively frozen. Financial conditions remain constrained for companies causing less job movements. I imagine hiring freezes continue to be a thing with people still concerned about the future.
Georgetown Texas
I think 5% annual home price is quite generous going forward. The demographics no longer support this.
the demand is already nonexistent. maybe if we get a -30% reset, then we will see 5% annual growth again
Location dependent.
Melbourne FL
Christ Almighty, how is gdp still positive? I havent been able to raise rents for 2 years but my costs keep increasing, insurance, taxes. We need a reprieve to lower rates, then the fed can increase it to 10 percent if they want.
Government spending, conveniently, ends up counting as GDP ("transfer payments"). Even grandma going to the doctor, on Uncle Sam's dime, counts as GDP in roundabout ways. The War machine's handsome profits also count...
Sell your real estate and buy treasuries...
Insurance and taxes are bloated, that’s going to have to deflate, with a reality scenario akin to a 20% to 40% decrease in value of everything. I’m old enough to have seen it happen.
They lie about inflation, and that distorts the GDP measurement.
Another “real estate investor” 🤡
Every market has its pluses and minuses
Remember a house is a home unless you are buying for investment
Each has different rules, risks and advantages.
The issue with Florida and the southwest and California is “are the environmental
Crisis over the last few years flukes or ‘just the beginning of the effects ofglobal warming-overpopulation’”?
My guesstimate is the latter. So if you buy there you have to price in the chances of floods,fires,heat and hurricanes
On your purchase price. Good Luck🤪🤪.
You young two professional incomes have nerve complaining about interest rates. JIMMY CARTER blow your minds look at those interest rates yet people continued to live and buy AND have kids!
I believe my first home was 15% in the 70s yet as you say we still bought homes. Fixer uppers for sure that I doubt many would be eager to buy today or insist on doing an immediate remodel.
Price of those homes to incomes were 2x your yearly income boomers are honestly the most mathematically illiterate generation to exist.
3.84 is 2024 home sales. Slowest in 20 years.
Home values will continue to decline for over a decade.
Demographics say so. Immigration and immobile boomers were the only two things keeping undue pressure on the existing US housing stock. If immigration slows to a trickle, and the younger generations continue to NOT replace themselves, there "should" be a steady rise in available kitchens and toilets for the next decade (or more).
Pipe dreams! That will definitely depend on location!
I’ve never seen prices decline
This is never going to happen in California 😂
Value might decline but price will go up due to inflation.
real estate is micro
Houses are sitting now. Full Reality hasn't set in yet
There is no economy without crash/recession/depression
Baloney! There's an economic boom happening in Georgia (Savannah and all surrounding areas) they can't build fast enough. And that's residential and industrial buildings. Plus they are tons of jobs in all areas regardless of your background or field. They're even hiring illegal aliens They're so desperate!
Agreed, when people say maybe the economy will do better under whichever president they have a fettish for… well what does that mean? You want prices to go down and be more affordable? Well, how do you think that’s suppose to happen?
@@Sonofawildanimal😅
the explaination of the data is misleading....... Altos Research do better
Get to it. Now wants your 1995 PowerPoint present.
It’s not looking good, crash coming for sure
😂😂😂
Think you bumping up that number. 2020,2021,2022,2023,2024. Now for sure 2025 right
Where and when? I don't see anything crashing in Austin. I'm still waiting.
Be like the late 70s to early 80s? Just staying like this? Better buy what you can afford
@@glendacastillo6504is there not a correction happening in Austin?
I want to say hi to all the doomers who have been wrong since 2012.
Have a great Thanksgiving!
rates are heading higher because the liquidity in the banking system is drying up. gerome Powell is pissed at Trump sonhe is going to cause a crisis before he leaves.
Supply & demand Economic principles in housing market.
Drill baby drill, new construction prices and interest rates down, forcing resale prices way down, giving first time buyers a better chance to get their first house.