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 neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Wait till we hit 10% rates. Only winners will be getting out first, most will see prices decline for next 5 years. 50% decline due to higher rates. Most will cash out and downsize with cash purchase.
@@SaveManWoman yep we are totally going to see a 50% reduction in median home values in the USA soon. Yep. We sure are. Says people for the past five years who have all been on the sidelines who would have generated massive wealth if they had a set of balls.
I think it will be rebalanced by housing prices dropping, not by salaries increasing. Although the minimum wage in Denver was just increased to $19 per hour.
The problem with many townhouses is the insurance. Townhouse complex's have seen the cost of insuring a complex rise significant due to fire, hail etc. Monthly HOA fees going from $250.00 a month to $500-$600 a month. HOA's rarely manage the funds well and as capitol improvements creep in with time, funds have not been set aside for repaving driveways or painting building. The HOA will then resort to levying additional fees to each owner to cover the cost of the repairs. A house gives you much more control over cost. compared to a townhouse.
@Brian-nb6fb I've lived in a townhouse for almost 20 years now, and I love it. I bought it brand new, and HOA was originally $140 a month, and now it's $300 a month. Not too bad over a 20-year period. The fee covers water, trash, sewer, landscaping, pool, all exterior maintenance ( siding, roof), insurance ( owners only need an HO6 policy). HOA covers the master policy. The issues you raised about managing the HOA fees in a townhome community are very valid. Because of so many claims by the HOA, insurance companies either drop the community or the insurance goes up a lot. Mismanagement of money is also common, leading to extra fees being assessed to fix issues in the community. I've been very fortunate with my community. It's by no means perfect as we have some of the issues you highlighted, but overall, compared to other HOA's and the issues they face, my HOA is ok.
10 year Treasury Bond yields keep rising resulting in higher mortgage rates. Home prices can go down, but the payments may not change much because of higher mortgage rates. Cash is king. The home market will still be very tough for most buyers unless long bond yields drop substantially. It doesn’t look like that can happen for at least 1-2 years. The market has to fix itself. A president or the government can’t do that
Simple math 10% rates , how can anyone afford $20k morgage in California. We haven’t even seen 2026 unemployment of 7%. This is how real estate has worked for hundreds of years. Affordability.
You should evaluate your previous year housing market prediction and grade your accuracy and then give your upcoming analysis. That would help us know if we should pay attention! 😊
Don't come to Charleston SC! Its a bloody mess! Houses from 50-60 miles out start from $250-$350. Double wides go for $125-$150. Taxs for a 1400 sq are $2400.00 We are thinking about moving to a small town with population of 700. Having 4 generations in this area we can't go to Charleston because of tourists & students. We are being forced out of our hertiage due rising prices😪
Darn shame the builders and investors building in rural small towns raising the cost of housing there, the greed is going to ruin the American Dream everybody gonna be renters because they’re going to own all the housing….
No one has a crystal ball. I live in Los Angeles. The single family home prices are about to jump. Thousands of homes in the wealthier part of Los Angeles are burned out. Unfortunate. However, here is what the market was a couple of weeks ago and here is what will happen. Few vacant lots in the wealthier section of town. Now there will be plenty. People won't want to wait upwards of 3-5 years to rebuild. Vacant lot prices will drop. Material prices will go up. Labor will go up. I live about three miles from the burned out areas. CA has a unique property tax. You pay a tax based upon the current value of a home, with two exceptions. Exception 1. Your property tax increase is limited to a small percentage increase each year. The guy across the street pays about $3000 a year. The guy on the corner in the newly built house pays about $60,000 a year. Exception 2. If you move to another location, you take the same property rate with you. So what has happened is that people come from the $15,000,000 house with a low property tax because they lived in the big house for 40 years or 30 years. They come to the neighborhood of $5,000,000 homes and don't pay $75,000 a year. The pay the tax rate of the old house which might be $2000 a year. So, there will be thousands of homes that will be bid up in price as the wealthy move to a relatively cheaper replacement home.
So reversion to the mean only applies to the factor that has remained on trend (wages) rather than the factor that went way off trend (prices)? You will have egg on your face.
Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Coastal areas are a high risk for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Flooded cars from hurricanes fill the salvage lots. Insurance companies will raise rates and pass on the costs and risks to policy holders next year. Coastal properties will be confined to wealthy individuals that can buy properties with cash and self insure for losses from hurricanes or rising sea levels.
I agree. In 2021, I purchased a new home in California from Pulte Homes. Absolute nightmare with the insurmountable number of build issues for the 1st 2 years. Never again will I ever buy from Pulte. Also, the homes for sale nowadays, in my opinion, are at least 50% overvalued. Every time the FOMC lowers the interest rate, it primarily benefits the builders and sellers. It's foolish to buy; it's wise for renters to keep renting.
Trees don’t grow to the sky. Supply of homes because people own multiple will have to compete with builders. Builders also will have to compete which reverses market. Today’s real estate market currently is like top of roller coaster 🎢. Guess what happens next. I called real estate top in 2006. 2025 is 2007. 2026 will be 2008. 2030 will be 2012. 5-6 years of decline. Most people will miss because of greed. Listening to realtor in declining market is what you need to stay away from. Be the cheapest if you are going to list especially 600k and above.
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 neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
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.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
You are completely WRONG, there is no way our income is going to match or come up enough to equalize the still rising house prices!!
Wait till we hit 10% rates. Only winners will be getting out first, most will see prices decline for next 5 years. 50% decline due to higher rates. Most will cash out and downsize with cash purchase.
@@SaveManWoman yep we are totally going to see a 50% reduction in median home values in the USA soon. Yep. We sure are. Says people for the past five years who have all been on the sidelines who would have generated massive wealth if they had a set of balls.
Our income won't, but Their income will come up even higher than you think.
I think it will be rebalanced by housing prices dropping, not by salaries increasing. Although the minimum wage in Denver was just increased to $19 per hour.
What about apartment rents?? They are astronomical! What higher income? I'm retired!
Competing with illegal immigrants.
Rent prices are ridiculous and ALWAYS go up!
They will continue to rise as property insurance and taxes rise.
It’s the perfect storm.
Sellers are in great pace to capture equity if they can ignore all. Especially Cali, Boston, NY ,
I’d happily sell and downsize if there were decently priced townhomes without throwing away all my equity in my house
Townhome prices are overpriced also
@ agreed 100%
@@scottwhite2583yep! There's a townhome community about to be built near me and they are in the 600s.
The problem with many townhouses is the insurance. Townhouse complex's have seen the cost of insuring a complex rise significant due to fire, hail etc. Monthly HOA fees going from $250.00 a month to $500-$600 a month. HOA's rarely manage the funds well and as capitol improvements creep in with time, funds have not been set aside for repaving driveways or painting building. The HOA will then resort to levying additional fees to each owner to cover the cost of the repairs.
A house gives you much more control over cost. compared to a townhouse.
@Brian-nb6fb I've lived in a townhouse for almost 20 years now, and I love it. I bought it brand new, and HOA was originally $140 a month, and now it's $300 a month. Not too bad over a 20-year period. The fee covers water, trash, sewer, landscaping, pool, all exterior maintenance ( siding, roof), insurance ( owners only need an HO6 policy). HOA covers the master policy. The issues you raised about managing the HOA fees in a townhome community are very valid. Because of so many claims by the HOA, insurance companies either drop the community or the insurance goes up a lot. Mismanagement of money is also common, leading to extra fees being assessed to fix issues in the community. I've been very fortunate with my community. It's by no means perfect as we have some of the issues you highlighted, but overall, compared to other HOA's and the issues they face, my HOA is ok.
If interest rates go down builders and sellers just raise prices and history repeats itself. That’s how the housing market got here.
10 year Treasury Bond yields keep rising resulting in higher mortgage rates. Home prices can go down, but the payments may not change much because of higher mortgage rates. Cash is king. The home market will still be very tough for most buyers unless long bond yields drop substantially. It doesn’t look like that can happen for at least 1-2 years. The market has to fix itself. A president or the government can’t do that
Simple math 10% rates , how can anyone afford $20k morgage in California. We haven’t even seen 2026 unemployment of 7%. This is how real estate has worked for hundreds of years. Affordability.
@@JCH853 this same thing happened in 2008. Hold on to your helmets. 🪖
Love the blue long sleeve shirt on Clark!
He does look good in blue.... spiffy indeed!
How to save on home insurance in 2025?
Homie changes shirts faster than I could flip a house.
Insurance and taxes have skyrocketed. There is pressure on homeowners that is being ignored here.
realtigence AI fixes this. Housing Market Price Predictions
You should evaluate your previous year housing market prediction and grade your accuracy and then give your upcoming analysis. That would help us know if we should pay attention! 😊
Great video. Good information. Begin investing in what truly matters today.
I think you are way off base and overly optimistic in your predictions.
Agree, incomes would need to go up significantly. And then there's the issue of high rent prices
Woah, you guys change clothes fast!
Nice red sweater Krista!
New home sales are financed by the builder with advanced bank deals that discount current rates.
Don't come to Charleston SC! Its a bloody mess! Houses from 50-60 miles out
start from $250-$350. Double wides go for $125-$150. Taxs for a 1400 sq are $2400.00 We are thinking about moving to a small town with population of 700. Having 4 generations in this area we can't go to Charleston because of tourists & students. We are being forced out of our hertiage due rising prices😪
Darn shame the builders and investors building in rural small towns raising the cost of housing there, the greed is going to ruin the American Dream everybody gonna be renters because they’re going to own all the housing….
No one has a crystal ball.
I live in Los Angeles. The single family home prices are about to jump. Thousands of homes in the wealthier part of Los Angeles are burned out. Unfortunate. However, here is what the market was a couple of weeks ago and here is what will happen.
Few vacant lots in the wealthier section of town. Now there will be plenty. People won't want to wait upwards of 3-5 years to rebuild. Vacant lot prices will drop. Material prices will go up. Labor will go up.
I live about three miles from the burned out areas. CA has a unique property tax. You pay a tax based upon the current value of a home, with two exceptions. Exception 1. Your property tax increase is limited to a small percentage increase each year. The guy across the street pays about $3000 a year. The guy on the corner in the newly built house pays about $60,000 a year. Exception 2. If you move to another location, you take the same property rate with you. So what has happened is that people come from the $15,000,000 house with a low property tax because they lived in the big house for 40 years or 30 years. They come to the neighborhood of $5,000,000 homes and don't pay $75,000 a year. The pay the tax rate of the old house which might be $2000 a year. So, there will be thousands of homes that will be bid up in price as the wealthy move to a relatively cheaper replacement home.
Home prices will go up.
So reversion to the mean only applies to the factor that has remained on trend (wages) rather than the factor that went way off trend (prices)? You will have egg on your face.
“Remote workers” and “pandemic” lol. Still using the buzz words! Realtors miss the pandemic days
Climate change and rising sea levels will make properties in low lying areas and coastal areas impossible to insure. Banks will be reluctant to give a mortgage for 15 or 30 years because the property may be under water. Selling properties to average buyers will become impossible in the future as banks and mortgage companies stop making loans for these properties. Coastal areas are a high risk for insurance and extreme weather like hurricanes. People will have to self insure and take the risk of loss. Condo associations are losing their insurance and if they find a new higher cost policy they will be passing on the higher costs to association members. Flooded cars from hurricanes fill the salvage lots. Insurance companies will raise rates and pass on the costs and risks to policy holders next year. Coastal properties will be confined to wealthy individuals that can buy properties with cash and self insure for losses from hurricanes or rising sea levels.
Very scary picture you've painted for us to understand...... so sad
I think this will come into play only when the water is actually seen. People often don't base their behavior on future projections.
Yea… ok…👌… 🙄
The new homes from, 2020 to present, are very poor quality. Don't be taken in.
I agree. In 2021, I purchased a new home in California from Pulte Homes. Absolute nightmare with the insurmountable number of build issues for the 1st 2 years. Never again will I ever buy from Pulte.
Also, the homes for sale nowadays, in my opinion, are at least 50% overvalued. Every time the FOMC lowers the interest rate, it primarily benefits the builders and sellers. It's foolish to buy; it's wise for renters to keep renting.
Trees don’t grow to the sky. Supply of homes because people own multiple will have to compete with builders. Builders also will have to compete which reverses market. Today’s real estate market currently is like top of roller coaster 🎢. Guess what happens next. I called real estate top in 2006. 2025 is 2007. 2026 will be 2008. 2030 will be 2012. 5-6 years of decline. Most people will miss because of greed. Listening to realtor in declining market is what you need to stay away from. Be the cheapest if you are going to list especially 600k and above.