New Trends Emerge to the US Housing Market (Spreadsheet Alert!
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
- Today’s video is about some new developments occurring in the US housing market based on my own analysis of Realtor.com’s latest data. I also share some information from Altos Research regarding trends in housing inventory and price reductions.
See below for links to the reports I covered.
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Compilation of Housing Market Forecast videos:
• Housing Market Predict...
Source of reports I shared:
www.realtor.com/research/week...
www.realtor.com/research/data/
altosresearch.com/
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed mortgage rate is around 7.2% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (inactive CPA lic 103885)
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
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Thank you for the update
Your numbers echo what my realtor friends are saying. The market is slow and subdued. People are deciding not to move, so there is lower activity.
👍
An "agent" friend parrots this and he's noticing some peers starting to sell off personal items lately (boats, cars, bikes, etc) in his feeds.
Probably just more coincidence.
Happy Sunday Jason, the spreadsheet king 🤴
Hi Steve!
Great info. Thank you so much. Let me know when to pull the trigger - first time home buyer retiring 6/2025!
Thanks for the ear to rail data again Jason. Great stuff.
Thanks again!
Great work Jason! Do a Florida specific update please.
Excellent video! You do a great job!
Thank you very much!
Thank you Jason.
My pleasure!
In Raleigh Metro, inventory has skyrocketed in the last 10 days.
Same with Charlotte area
Thank you for your research and sharing!
My pleasure!
I appreciate your data you provide us.
Thank you for watching!
Housing market do not crash like stock market, it will be long process. Equally, they may just move side ways for some time.
Sideways means time to stack cash, increase credit, pay down debt, and be patient. No hurry like realtors try to spin.
Yesterday was my birthday. I’m 25.
Happy birthday, 25 year old! 😍
Happy birthday! The big 25!❤
@@zeebee2407thank you
@@alyross2850thank you
Happy birthday young lady. ❤
Where do we stand nationally for "months inventory"?
Inventory I Las Vegas has been steadily rising for about 2 months now. It’s not as parabolic as when all the ibuyers bailed but starting to creep back to those levels even without the new homes being fully listed…unfortunately I found out that 220 of the homes being built near to me are all owned by American homes 4 rent already.
Please do a Charlotte video
New listings will ride the wave just like everything else. We saw double digit gains then we saw negative growth one month then the next month it shot higher by 30% more which was highest in the 12 months. It comes down just to shoot even higher later.
My house just hit an all time high on Zillow. I'm not sure I should be happy. My homeowners insurance just increased by a thousand dollars.
Just list it for 2x whatever zillow says it’s worth now and watch it really fly
@@nadruik9890 Then I can advertise a 25% price drop, and still get 50% more than the house is worth. Wow! Why didn't I think of that? Actually, I am not about to sell the house.
Sorry to hear about your insurance increase :/
@@JasonWalter1 Hurricanes!
Anecdotal and real estate is local but I work in financial services in SF. Unprecedented level of withdrawals from brokerage accounts to buy real estate recently/line of credit requests on securities - much more than 2020/21. There’s tons of cash out there and people who have been waiting are getting tired of waiting.
Interesting… Thank you for sharing.
There's a ton of cash... within a small group of people. Everyone else is going broke.
Inventory, up. Affordability, no change. Until these prices come down significantly, nothing will sell.
Seems things are still moving just enough for sellers to hold the line. It's always a slower grind down. The market needs some real distress to speed things up.
Could we be seeing an increase in homes for sale because there is an increase in home foreclosures?
Increased inventory may help sales in some areas. Until prices drop, significantly, the average buyer will continue to hold off. Now that the dollar is worth half as much as it was just before Covid, most will have to accept rent or pay double to buy. I don’t think this is ever going to change. Thank Janet Yellen.
63 banks on the verge of collapse. Once credit stops, that will crash the market….Until then, gonna be up (California) in some areas and lower in others (TX,FL,TN).
There are over 45 banks in my small town of 90 thousand people. Time for the aggressive banks to be absorbed by the conservative ones.
I'm in Texas my neighbor just listed their home 450 and still getting offers over asking its only been on the market for 2 days has over 3 thousand views.
Must have curb appeal. I've heard that TX is turning into a buyers market.
It’s definitely going into a buyers market. Texas has 2% more inventory than 2019.
No one is really paying over asking like in 2022
Seller your tract home in CA and buy 2 in TX
@@user-os3qm3nb2klol
What could go wrong with Fanni and Freddie (taxpayers are on the hook) making HELOC loans regardless of the credit score up to 80% of the home's value based on TODAY'S value compared to decreasing values in the next two years?
Looks like we are seeing a buyers market. Lets see how long it lasts before we get back to a sellers market
If employment remains strong, all it will take for the market to revert back to a seller's market is a point or 2 drop in rates.
Buyer's market has barely started . This still looks like a fomo. I always wondered who is buying right now. Well just learned that my coworker splurged on a 700k home. Both him and his wife work two jobs to pay almost 6k a month mortgage. His plan is to live in that house for 2 years, rent it out and buy another home. I'm very curious how his plan will work out
"Buyers market"? 🤣
@jkmarshall3553
That's a long time from now.
A .25 percent rate cut won't do anything.
There's still a lagging effect we are dealing with. It looks to have taken effect as we see inventory gains every month for a year
@jacinedelarosa6302
It is where I'm at.
The over asking is over.
The price cuts are the norm and seller concessions are here
People have been talking about a housing crash for 4 years now… i’m convinced no one knows what they’re talking about😂😂
Back when inventory and interest rates were low and buyers were high. The idea that inventory would increase and interest rates also increase the prices would drop. Now both have increased and buyers have decreased. I think that someone is messing with your numbers as in my market houses have and are continuing to drop in price. Sales are dropping too, I understand that you’re using over all numbers but I wonder how many others are seeing drops in their areas? As locally it seems more areas are seeing what is happening in my local area. If more people can’t afford these prices and less have the money to afford these homes could the small amount of comps generated from higher income buyers effect the price comparison as they probably are increasingly becoming the majority of buyers?
The population is going down after boomers. The new people do not want big suburban houses.
👍🏽👍🏽🤙🏽🤙🏽🤙🏽🌴🌴
Sup j W
Sup! 😎🏡
@@JasonWalter1 I don’t know if the kids say sup anymore, but felt like saying it lol!
Looking at the immigration data I am now more convinced than ever we won’t see price drops, maybe ever.
Jason, the data is corrupt and can't be trusted. You would serve your subscribers well if you "peeled back the onion," a bit and performed a more discretionary look at the data. You tend to just parrot what you read from the corrupt data sources.
Corrupt data 📈 🤭
@@Needglory23It's only "corrupt" when it doesn't say what they want it to. 🤣
I hope Jason doesn’t remove your comment. I’ve wondered the same.
What proof do you have that Realtor com’s data and other data I share in my videos is corrupt?
@@JasonWalter1 Travis posted about how Fred did a revise of data to make it look like home prices hadn't gone down. It is hard to trust info. right now when there is a narrative being pushed. His video claimed you contacted the Census Bureau so you know this goes on.
The only buyers are forced. The only sellers are forced. The question is which are forced at a faster rate. It’s the sellers, so prices will fall.
First
I'm wasting my data 0%
1😊
Good afternoon!
Again, who are these folks that think now is a good time to sell? I understand some are in situations where they may be forced to, but I’m betting it’s mostly the uniformed making dumb decisions.
Many thought, (hoped), that the economy would be fixed by now. They are selling before they lose all that big fat appreciation they saw in ‘21&’22.
It's always cute when broke renters call the rich people buying and selling real estate names.
Probably the dead ones
Jason, please stop misleading viewers with your "percentage of listings increase" compared to before covld. You know listings increase every spring and summer. If there were 1,000,000 listings in 2019 and 50,000 more are listed, that is a 5% increase. If there are now only 500,000 listings in 2024 and there are exactly the same number of new listings as 2019 (50,000 new listings), that is a 10% increase. Oh my god it's double the rate of increase!! Please share the actual numbers with your viewers instead of misleading them in this way,
The months supply /burn rate is the best metric and that has been in the 3.x ranger for most of the last couple years now. There's no headline when you talk about that though. So we are supposed tk be dazzled by meaningless percentages without any context.
I think he's giving the information as it's presented to us from each source. It's up to is to determine the ups and downs.
The concentrated data is correct when you break it down as you have. I think that's what he wants.
A viewers interpretation is free and gives us all a view of the market as the data is released.
Hopefully we get a quarterly view this year.
Leave Jason alone
Sounds like you didn’t even listen to the whole video. Do you even watch or subscribe to him?
Everything he discusses he explains the difference when figures are seasonally adjusted.
Downvote this
I have noticed he cherry picks or semi manipulates the data to make I seem worse than it is