In Oregon, thanks for pointing out that it’s different because I definitely feel the buying power and see the price drops already here. We’re currently looking at a house that the identical layout and color scheme sold in July for $100k more than this one is selling. $950 vs $850, we see prices coming down and inventory rising here. It’s only about to get worse too with the newest Intel layoff in Portland. 1,500 people. An agent in a new home complex said their sales froze in their location next to Intel already.
Many sellers remove there listings during the holiday season.. pending sales have increased how many of those pending close?? I’ve seen home go pending then to be re-listed.. We shall see the final numbers when all has washed month end.
I also don't view price drops as a sign of a softening market. I think currently it's more indicative of sellers being too ambitious and realizing they need to reduce in order to move their property. If the closed sales median keeps moving down then maybe that's something. Again, even that number needs scrutiny with range in sales top to bottom. This is what's great about Jason's channel, he tries to look at the whole picture.
@jason: we are discounting the stock market effect - 2022 values came down as all assets were crashing Now at all time highs people qill hold on to the inventory
As we see inventory rising, and softening of prices, I'm really questioning that we have a wide-spread housing shortage. And, I also question that sellers are all waiting for a lower interest rate. At this point, the huge increase in home equity should offset the cost of buying another home, particularly, if they're looking to downsize. Not to mention the good incentives due to the glut in new homes, right now. (If there's a glut of new homes with incentives, how can there be a housing shortage?) Personally, I think mortgage rates should remain at around 6 percent, depending on demand and inventory. That would keep the market balanced. Also, since a lot of sellers bought during COVID, when they could work from home, or they wanted to be close to family, maybe they're just happy where they are, right now! What we need are "polls" and "exit polls" that give us data as to why people are selling, or not. 😊
Jason, I love your videos and have followed for 4 years. My one request is that you would cut the length in half. I realize there is infinite information to share but if there was some way that you could spoil it down to a shorter video that would be far more palatable. Just my personal request. ~Jason
Thank you for your support and for the request. I don't script my videos so I never really know how long they are going to be when starting to film. I recognize that they can be a bit long for people whereas others like to hear the details. I plan to make more short videos (less than a minute) onto TikTok and Instagram if that is better for you. Otherwise, you could try watching my videos in a faster speed (I do that with some channels at 2x so it cuts the length in half).
Realtor shows my county as prices ⬇️ and inventory ⬆️ 48 days. All relative, places like Cali will have exit migration never seen in history, while other areas will benefit. California largest risk. As goes Texas’s and Florida, so goes California and for 5 years it will be decline prices higher inventory. Provided employment stays same which we know is not the case as fed cut .25 and yet unemployment is bumping ! As a data provider of housing to over 400 brokers, I tell all my clients to make sure you don’t list homes overpriced as it will burn the listing. Good luck, personally downsizing.
Obviously you don’t know anything about California market😂. First of all most homeowners here are multi generational families which means there’s 4-5 families living in one house and they were bought decades ago = to zero to very cheap monthly mortgage with 4-5 working adults are all contributing. Also we’re running out of land and surrounded by ocean 😂. Now I can’t speak for Texas or Florida market. I know Texas has plenty of inventory and land to build. It still overpriced. I can’t wait for spring time. It will shoot back up again because we don’t have enough inventory.
And when you talk about massive exit of illegal immigration. What do you think is going to happen with supply?? I’m not sure if you’re aware the cost of materials will spike up because of tariffs and most of those workers in building constructions are illegal. Let’s be honest those workers are making half of minimum wage and it’s a job and pay YOU will never do 🤔 😂
@@House_hacker_619 that’s why I said so goes Florida and Texas. I made same call in 2007. California will have the largest drop directly related to unemployment and tech. Ai is enemy #1 to California with double bubble. All this mess left by Ben Bernanke!
If you looked at the annual inventory graph you'd understand what he was trying to say. Inventory relative to the year prior is normalizing towards last year. Its up at the moment but it used to be much higher. Inventory is trending back towards last year levels. The gap is shrinking.
@tann_man gets it. If you look at the video, I show how each week inventory is higher than a year earlier. However, the YOY gains are slowing down (decelerating). For example, last week supply grew by 27% but two months ago it was up by 33% and 3 months ago it was 36%. I went over this in great detail in the video so please check it out again if you missed that part.
@@nitroneonicman you've followed the channel for a while so you know better than that. I post unbiased reporting and share my analysis regardless if it's good or bad news for buyers. In other words, I tell it how it is rather than "now is the best time to buy" or "the housing market is going to crash". I also provided an explanation of the trends I'm seeing above in response to this person's comment.
@@JasonWalter1 I have the followed the channel for a bit and I think you lean in a particular direction, but that's fine, I get it. I appreciate your perspective, it's good to have an opposing opinion to counterbalance against all the crash bros out there. It wasn't meant as an insult.
When you follow Jason Walter, it’s going to be a week of uptrend for home sales and then there’s a crash. And then prices are going up and then sales are too low. Man get your story straight for one time.
If prices are going up it makes sense sells would be going down, since USA consumer household savings is at an all time low, and debt and interest on said debt for consumer households is all at a all time high :)
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
In Oregon, thanks for pointing out that it’s different because I definitely feel the buying power and see the price drops already here. We’re currently looking at a house that the identical layout and color scheme sold in July for $100k more than this one is selling. $950 vs $850, we see prices coming down and inventory rising here. It’s only about to get worse too with the newest Intel layoff in Portland. 1,500 people. An agent in a new home complex said their sales froze in their location next to Intel already.
Many sellers remove there listings during the holiday season.. pending sales have increased how many of those pending close?? I’ve seen home go pending then to be re-listed.. We shall see the final numbers when all has washed month end.
I also don't view price drops as a sign of a softening market. I think currently it's more indicative of sellers being too ambitious and realizing they need to reduce in order to move their property. If the closed sales median keeps moving down then maybe that's something. Again, even that number needs scrutiny with range in sales top to bottom. This is what's great about Jason's channel, he tries to look at the whole picture.
Thank you, Jason.
Only the facts. Thank you, Jason.
Thank you. Much appreciated
Thank you for the unbiased analysis!
Glad it was helpful!
@jason: we are discounting the stock market effect - 2022 values came down as all assets were crashing
Now at all time highs people qill hold on to the inventory
Keep this back on the docket please! Great video
Will do and Thank you!
Thanks Jason
Thank you for watching and commenting, Bryan.
As we see inventory rising, and softening of prices, I'm really questioning that we have a wide-spread housing shortage. And, I also question that sellers are all waiting for a lower interest rate. At this point, the huge increase in home equity should offset the cost of buying another home, particularly, if they're looking to downsize. Not to mention the good incentives due to the glut in new homes, right now. (If there's a glut of new homes with incentives, how can there be a housing shortage?)
Personally, I think mortgage rates should remain at around 6 percent, depending on demand and inventory. That would keep the market balanced.
Also, since a lot of sellers bought during COVID, when they could work from home, or they wanted to be close to family, maybe they're just happy where they are, right now! What we need are "polls" and "exit polls" that give us data as to why people are selling, or not. 😊
Jason,
I love your videos and have followed for 4 years.
My one request is that you would cut the length in half. I realize there is infinite information to share but if there was some way that you could spoil it down to a shorter video that would be far more palatable.
Just my personal request.
~Jason
Thank you for your support and for the request. I don't script my videos so I never really know how long they are going to be when starting to film. I recognize that they can be a bit long for people whereas others like to hear the details. I plan to make more short videos (less than a minute) onto TikTok and Instagram if that is better for you. Otherwise, you could try watching my videos in a faster speed (I do that with some channels at 2x so it cuts the length in half).
Increase of prices and price reductions?
Realtor shows my county as prices ⬇️ and inventory ⬆️ 48 days. All relative, places like Cali will have exit migration never seen in history, while other areas will benefit. California largest risk. As goes Texas’s and Florida, so goes California and for 5 years it will be decline prices higher inventory. Provided employment stays same which we know is not the case as fed cut .25 and yet unemployment is bumping ! As a data provider of housing to over 400 brokers, I tell all my clients to make sure you don’t list homes overpriced as it will burn the listing. Good luck, personally downsizing.
Obviously you don’t know anything about California market😂. First of all most homeowners here are multi generational families which means there’s 4-5 families living in one house and they were bought decades ago = to zero to very cheap monthly mortgage with 4-5 working adults are all contributing. Also we’re running out of land and surrounded by ocean 😂. Now I can’t speak for Texas or Florida market. I know Texas has plenty of inventory and land to build. It still overpriced. I can’t wait for spring time. It will shoot back up again because we don’t have enough inventory.
And when you talk about massive exit of illegal immigration. What do you think is going to happen with supply?? I’m not sure if you’re aware the cost of materials will spike up because of tariffs and most of those workers in building constructions are illegal. Let’s be honest those workers are making half of minimum wage and it’s a job and pay YOU will never do 🤔 😂
@@House_hacker_619 that’s why I said so goes Florida and Texas. I made same call in 2007. California will have the largest drop directly related to unemployment and tech. Ai is enemy #1 to California with double bubble. All this mess left by Ben Bernanke!
@ it will be offset with automation. House is meant to live in not passed on to 10x when you used it more than anyone.
@ I own multiple properties and there’s ZERO chance I’m selling I’ll it pass it down to my kids and future generations 😂
lol, where in the world 26% increasing y/y is down trending?
your video titles are the most Remarkable trends!
Jason is a real estate agent and he tries to spin it positively for other real estate agents.
If you looked at the annual inventory graph you'd understand what he was trying to say. Inventory relative to the year prior is normalizing towards last year. Its up at the moment but it used to be much higher. Inventory is trending back towards last year levels. The gap is shrinking.
@tann_man gets it. If you look at the video, I show how each week inventory is higher than a year earlier. However, the YOY gains are slowing down (decelerating). For example, last week supply grew by 27% but two months ago it was up by 33% and 3 months ago it was 36%. I went over this in great detail in the video so please check it out again if you missed that part.
@@nitroneonicman you've followed the channel for a while so you know better than that. I post unbiased reporting and share my analysis regardless if it's good or bad news for buyers. In other words, I tell it how it is rather than "now is the best time to buy" or "the housing market is going to crash". I also provided an explanation of the trends I'm seeing above in response to this person's comment.
@@JasonWalter1 I have the followed the channel for a bit and I think you lean in a particular direction, but that's fine, I get it. I appreciate your perspective, it's good to have an opposing opinion to counterbalance against all the crash bros out there. It wasn't meant as an insult.
When you follow Jason Walter, it’s going to be a week of uptrend for home sales and then there’s a crash. And then prices are going up and then sales are too low. Man get your story straight for one time.
Just reporting the latest trends based on incoming data
Yes, once a realtor, always a realtor. Just like a car salesman. They will always try to twist the market in their favor.
If prices are going up it makes sense sells would be going down, since USA consumer household savings is at an all time low, and debt and interest on said debt for consumer households is all at a all time high :)
🤙🏽
Good morning!
#LETSGETNERDY!😊
#REALESTATEISLOCAL
#LETSGETNERDY😊
Good afternoon, Steve! Very nerdy video.
@ #SPREADSHEETKING🤴
1😊
You get to watch it before anyone else does! The benefit of being a member of the channel :)
@ what kinda supporter would I be, if I didn’t sign up🤔🤷🏽♂️ And if nothing else I will be the 1st member to sign up👍#WINNER
winning!