I am about to sign a purchase agreement for new construction. I've been saving for the last 3 years. Doing 10% down and will still have a very health savings. Just could not pass up builder incentive of 4.99 percent and it's only 15 minutes from my office. I am both terrified and excited lol.
I don't see housing prices falling much until the supply is increased. In the USA we are short millions of housing units, and we aren't building nearly fast enough. People always need a place to live and we are constantly making new people. Any slight dip in prices unlocks a bunch of buyers who will gobble up that supply instantly. I want to buy inexpensive houses in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some people say they make money, but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
You're right! With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds. I think housing prices won't go down much until there are more houses available.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
Finding financial advisors like Camille Alicia Garcia who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thats how I feel about 2024, just focus on your savings, work on a plan, prepare as much as you can, solidify your finances and don’t worry much about the market, let things be for now and come back maybe in 2025 when things settle down a bit more.
Even if bond yields are rising while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. As I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the current down market?
Even though there will likely be more pain in the future, investors should look for stocks like Royal Philips NV and Alstom SA that have been sufficiently battered down to be a bargain or hire an exceptional portfolio manager.
The best market strategy at the moment is working with a respected investing coach. I've been in touch with a coach for a time now, mostly because I lack the depth of understanding and mental toughness to deal with these ongoing market conditions. During this recession, I made about $700k, proving that the market is more complicated than most people think.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m glad I was able to hire a financial advisor “Carol Vivian Constable earlier this year since while others were complaining about the downturn, I was busy cashing out from my investment, eventually making over seven figures in the first quarter alone…
Your advisor really seem to know this stuff. I found her web-page online when I google up her full names, read through her resume, educational background, qualifications and it was really impressive. I left her a note and booked a call session with her hoping she gets back to me soon
Keep in mind the Fed has a Summary of Economic Projection of a Long term Fund rate of 2.5 basis points. We aren’t going below 5% mortgage rates if they hold that rate after their cuts for the next 2 years. Unless something really breaks.. we will go to 0 on the Fund rate again but we will have more problems than trying to buy a house.
I'm not convinced I'll see ZIRP again in my lifetime. I think the only reason ZIRP was possible was due to 2008 to 2020 being a Silent Depression as stated by Emil Kalinowski. I also think the fact that Boomers were saving so much allowed interest rates to be so low because they weren't consuming enough and everyone younger than them was too broke. The boom of the last few years was caused, in my opinion, by Boomers retiring en masse and the Millennials finally starting to get all the good jobs. It's no surprise that the first thing they did was drive up the prices of everything.
I'm in the camp that thinks if interest rates go marginally down that it will just speed up house price declines. The low transaction volume is keeping prices high. If transactions start to pick up I think the FOMO buying is over and prices will decline as the buyers now know that houses are just expensive: expensive to own, expensive to maintain, expensive to insure, and taxes are too high.
Do you think this lowering of interest rates will yield much benefit outside of making mortgages slightly more affordable? I suspect sellers won't be able sell for more, just because interest rates went down by 1 point in a market that was already unaffordable for many, especially for 1st time home buyers.
Javier..I really want you to be right..I really do. You give some good points in your analysis. Unfortunately there are still a lot of emotional buyers still out there and FOMO is the absolute winner when it comes to this current market. No I don't see cost of housing going up as much as you said. But I do still predict an increase early next year because the spring time is the best time..combine that with FOMO and you got yourself a fire market all over again.
Great content.... was in a bidding war a year or two ago, over bid 100k+ for a house and still didn't get it....FOMO factor was def in placed..... looking back, kinda glad that we didn't get the house.... 6-7g a month is a lot of money and with inflation right now, we would've been stretch to the max..... and Yes... with interest rate down a bit now...house prices are still expensive... that 7-8% interest rate was kinda a wake up call... a cool down period for us because we really can't afford it at that rate..... and will not jump back in anytime soon unless the house price become more affordable.....
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Yes, truly, investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
'Vivian Carol Gioia' 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
It’s scary to think I’ve bought a house back in November and I’m not sure what’s going to happen to the market. I bought with refinancing in mind, but if the economy tanks, I likely won’t have enough equity in the house. It’s tempting to sell and try to break even and buy again a year from now, but it’s all hard to say
If you can afford the mortgage, then just stay in the house until it’s time to refinance. I’m in the same boat, I got a 6.7% interest rate. I can afford it, but waiting for those rate drops.
Javier I'm looking at purchasing a home , are homes still selling for over asking or are they selling for asking,under asking price? Also whos paying closing cost sellers or buyers ? Would like to know so i can prepare myself and know what to expect thank you
It just depends in what area you’re looking at and how long the property has been on the market. If the house has been in the market for over a month, then maybe the seller would consider to give concessions.
How much did you put down? Sounds like you got a bit of FOMO if you were just sick of waiting and are now waiting for a refi opportunity. Hope it works out for you.
I literally said I’m ok with my payment I’m in blazing hot market socal oc area our prices aren’t going anywhere all markets are location based … rates have gone down with the fed doing absolutely nothing worst case our prices will be flat
int rates going down usually means prices are going to go up but this time is diff I think... Even with int rates lowering I think prices will still go down!... Not enough demand and I think supply will go up.
Let housing prices come down, don't overpay 170% for a home that someone is trying to sell, if the affordability and comfortability live there isn't there it isn't worth paying 170% of what the last person paid for it.
What makes you think a slight lowering of rates will greatly increase supply? Absent increases in supply, there is nothing to indicate prices will drop
Hi, I sold my house this year at March and I like to buy a house hopefully By end of 2024, can u make a video about housing market for Boise, Idaho please Thank you 😊
Anyone who can't put at least 20% down on a house shouldn't be buying a home. Especially in this market/ economy. So many of my idiot peers are buying houses as recently as last month with only 5-10%. Razor thin budget. If the economy so much as sneezes, they're toast and handing the keys back.
It’s smarter to only put 3.5% down with an FHA loan to have extra money on the side and also most people don’t live in a home for over 10 years nowadays.
@@jeyfs7355 Even Zillow said at current prices you'll lose money if you don't stay in a house for 13 years. I've always heard 7 years to buy anything less than that you should rent. Also I think people should be paying cash for their primary residence since its a non-cashflowing asset. I know that's impractical for most, but advocating 3.5% down is a bit foolhardy in my opinion. 3.5% down doesn't even cover realtor fees.
Great idea if you have a home that’s less than $300k. Try that math out on $500k and above. Remember less than 20% you pay PMI and that’s a waste of money. 20% down is a pretty smart move in most cases.
when someone is straight forward and good at what she does best. People will always speak for them. For me I would say give Mrs Lillian a try and you be happy you did
Not that this may matter, but I think I need to unsubscribe and start to ask TH-cam to stop recommending me these videos. I understand wanting to provide a "different" perspective in relation to some of the articles out there, but this analysis is just underwhelming. It just calls a spike in prices as a "Frankenstein" monster and seeks to understand very little. This video was undereducational and I think it just made me frustrated and sad watching this. People, go get your facts elsewhere because this is not it.
@@JavyVidana- Its just unrealistic. You expect both Rates & Prices to drop. That shouldn’t be an expectation , but rather wishful thinking. You have to take into account that there are 1st home buyers who have been waiting on the wings for well over a year now and asking them to continue to wait at times isn’t feasible- which is why people jump in when they see any drops in mortgage rates. Helping prop up prices. 2024 will be more of the same as 2023 expects for more sales and lower rates. But the prices are staying largely the same
![ละลาย (LALALYE) - DAOU PITTAYA ต้าห์อู๋ พิทยา [OFFICIAL MV]](http://i.ytimg.com/vi/wo6r9TgausI/mqdefault.jpg)
I am about to sign a purchase agreement for new construction. I've been saving for the last 3 years. Doing 10% down and will still have a very health savings. Just could not pass up builder incentive of 4.99 percent and it's only 15 minutes from my office. I am both terrified and excited lol.
Worse case scenario. Rates go back up , keep ur rate
Best case scenario. Rates go below 5% you can refi
Where are you purchasing?
Hopefully the garage is not in an alley with an HOA
You're supposed to have 20 percent down. You are not ready.
10% down is Mid’
I don't see housing prices falling much until the supply is increased. In the USA we are short millions of housing units, and we aren't building nearly fast enough. People always need a place to live and we are constantly making new people. Any slight dip in prices unlocks a bunch of buyers who will gobble up that supply instantly. I want to buy inexpensive houses in 2024 and maybe invest in stocks. When's the best time to buy stocks? Some people say they make money, but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
You're right! With the help of an experienced coach, I made some changes in my investments. I started with $321k, and now I have more than $750k by investing in stocks, ETFs, and bonds. I think housing prices won't go down much until there are more houses available.
Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
Finding financial advisors like Camille Alicia Garcia who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thats how I feel about 2024, just focus on your savings, work on a plan, prepare as much as you can, solidify your finances and don’t worry much about the market, let things be for now and come back maybe in 2025 when things settle down a bit more.
I like your advice of buying when ready and not timing the market.
Even if bond yields are rising while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. As I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the current down market?
Even though there will likely be more pain in the future, investors should look for stocks like Royal Philips NV and Alstom SA that have been sufficiently battered down to be a bargain or hire an exceptional portfolio manager.
The best market strategy at the moment is working with a respected investing coach. I've been in touch with a coach for a time now, mostly because I lack the depth of understanding and mental toughness to deal with these ongoing market conditions. During this recession, I made about $700k, proving that the market is more complicated than most people think.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m glad I was able to hire a financial advisor “Carol Vivian Constable earlier this year since while others were complaining about the downturn, I was busy cashing out from my investment, eventually making over seven figures in the first quarter alone…
Your advisor really seem to know this stuff. I found her web-page online when I google up her full names, read through her resume, educational background, qualifications and it was really impressive. I left her a note and booked a call session with her hoping she gets back to me soon
Keep in mind the Fed has a Summary of Economic Projection of a Long term Fund rate of 2.5 basis points. We aren’t going below 5% mortgage rates if they hold that rate after their cuts for the next 2 years. Unless something really breaks.. we will go to 0 on the Fund rate again but we will have more problems than trying to buy a house.
I'm not convinced I'll see ZIRP again in my lifetime. I think the only reason ZIRP was possible was due to 2008 to 2020 being a Silent Depression as stated by Emil Kalinowski. I also think the fact that Boomers were saving so much allowed interest rates to be so low because they weren't consuming enough and everyone younger than them was too broke.
The boom of the last few years was caused, in my opinion, by Boomers retiring en masse and the Millennials finally starting to get all the good jobs. It's no surprise that the first thing they did was drive up the prices of everything.
I'm in the camp that thinks if interest rates go marginally down that it will just speed up house price declines. The low transaction volume is keeping prices high. If transactions start to pick up I think the FOMO buying is over and prices will decline as the buyers now know that houses are just expensive: expensive to own, expensive to maintain, expensive to insure, and taxes are too high.
Do you think this lowering of interest rates will yield much benefit outside of making mortgages slightly more affordable? I suspect sellers won't be able sell for more, just because interest rates went down by 1 point in a market that was already unaffordable for many, especially for 1st time home buyers.
*Who thinks the fed is NOT going to lower rates in Jan!?*
Javier..I really want you to be right..I really do. You give some good points in your analysis. Unfortunately there are still a lot of emotional buyers still out there and FOMO is the absolute winner when it comes to this current market. No I don't see cost of housing going up as much as you said. But I do still predict an increase early next year because the spring time is the best time..combine that with FOMO and you got yourself a fire market all over again.
I have been waiting since 2017 for market to crash. I am under contract for a house. Fuck it I’m buying
I did the same and don’t regret it
2020 was the "crash"
2017 Jesus lol
I closed on Monday with a 6.625% rate
@@cmcmanu8 more power to you 👍🏽
Folks got desperate and over paid. Chill and become a well qualified buyer.
Gotta love cosmo canyon playing in the background at the start.
Great content.... was in a bidding war a year or two ago, over bid 100k+ for a house and still didn't get it....FOMO factor was def in placed..... looking back, kinda glad that we didn't get the house.... 6-7g a month is a lot of money and with inflation right now, we would've been stretch to the max..... and Yes... with interest rate down a bit now...house prices are still expensive... that 7-8% interest rate was kinda a wake up call... a cool down period for us because we really can't afford it at that rate..... and will not jump back in anytime soon unless the house price become more affordable.....
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Yes, truly, investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Since I need some recommendations, may I ask who your advisor is, as I've had doubts about banks for a while?
'Vivian Carol Gioia' 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 just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
It’s scary to think I’ve bought a house back in November and I’m not sure what’s going to happen to the market. I bought with refinancing in mind, but if the economy tanks, I likely won’t have enough equity in the house. It’s tempting to sell and try to break even and buy again a year from now, but it’s all hard to say
If you can afford the mortgage, then just stay in the house until it’s time to refinance. I’m in the same boat, I got a 6.7% interest rate. I can afford it, but waiting for those rate drops.
Just make more money
@Howtosurviveamerica I understand the fear. I hope it works out for you!
Lean not on your own understanding.
I brought also and I plan on staying in my home for years to come. I don’t listen to naysayers, one size don’t fit all.
Javier
Can you make a video for those who buy and are waiting to refinance
Javier I'm looking at purchasing a home , are homes still selling for over asking or are they selling for asking,under asking price?
Also whos paying closing cost sellers or buyers ? Would like to know so i can prepare myself and know what to expect thank you
It just depends in what area you’re looking at and how long the property has been on the market. If the house has been in the market for over a month, then maybe the seller would consider to give concessions.
Well soon as I saw the interest going down I’m ready to go back to the market and not just me my neighbors and friends
Spot on as always. Good consistent content. Keep ot up.
I bought this year I’m tired of waiting… now I just wait for a chance to refi I’m ok with my payments at the moment
Good luck on refinancing, might be under water by that time
😂😂 crash bros alert
How much did you put down? Sounds like you got a bit of FOMO if you were just sick of waiting and are now waiting for a refi opportunity. Hope it works out for you.
I literally said I’m ok with my payment I’m in blazing hot market socal oc area our prices aren’t going anywhere all markets are location based … rates have gone down with the fed doing absolutely nothing worst case our prices will be flat
Maybe another 2 years
int rates going down usually means prices are going to go up but this time is diff I think... Even with int rates lowering I think prices will still go down!... Not enough demand and I think supply will go up.
There is no talk about supply and demand or talk about expected lower rates making more people qualify bringing them back to the market
Let housing prices come down, don't overpay 170% for a home that someone is trying to sell, if the affordability and comfortability live there isn't there it isn't worth paying 170% of what the last person paid for it.
I come from the future 2030 I wish I bought in 2023 all homes over 600,000 I can’t afford it
Great video
Good advice
Sound advice.
What makes you think a slight lowering of rates will greatly increase supply? Absent increases in supply, there is nothing to indicate prices will drop
Thanks for the video Javier , blessing to you and your family this holiday and a happy new year !
❤❤❤
Everyone has fomo
2023 was such a waste of a year.
Hi, I sold my house this year at March and I like to buy a house hopefully By end of 2024, can u make a video about housing market for Boise, Idaho please
Thank you 😊
Anyone who can't put at least 20% down on a house shouldn't be buying a home. Especially in this market/ economy. So many of my idiot peers are buying houses as recently as last month with only 5-10%. Razor thin budget. If the economy so much as sneezes, they're toast and handing the keys back.
did you put 20% down?
It’s smarter to only put 3.5% down with an FHA loan to have extra money on the side and also most people don’t live in a home for over 10 years nowadays.
@@jeyfs7355 Even Zillow said at current prices you'll lose money if you don't stay in a house for 13 years. I've always heard 7 years to buy anything less than that you should rent. Also I think people should be paying cash for their primary residence since its a non-cashflowing asset. I know that's impractical for most, but advocating 3.5% down is a bit foolhardy in my opinion. 3.5% down doesn't even cover realtor fees.
Great idea if you have a home that’s less than $300k. Try that math out on $500k and above. Remember less than 20% you pay PMI and that’s a waste of money. 20% down is a pretty smart move in most cases.
@@Dohair879 If it’s your forever home. Everyone’s situations are different. You can always refinance the FHA loan and make it into a conventional.
This video is all about HOPE 😂
Javier is such a Chad
Thank you for always not pushing and making people feel like they have to buy NOW. Love how you say save and make sure we can afford before buying 🩵
I am a flipper 😤😤😤
"bonkers"
I got my mortgage on December 2022 @ 6.5%, do you guys think it will be at 5.5% by the end of the spring? All i want to do is refinance.
Have you entered your metrics in a mortgage calculator? Refi cost may not make it worth it for just one % point.
Thanks for continues updates! I am super excited about how my stock investments is going so far, making over $160k every week is an amazing gain🥰
I'm guided by Mrs Lillian Clifford
Her platform is really safe and secured, not quite long I actually joined her discord
You know her too?I'm also a proud beneficiary of her platform
Got 73k on weekly basis
when someone is straight forward and good at what she does best. People will always speak for them. For me I would say give Mrs Lillian a try and you be happy you did
First
Not that this may matter, but I think I need to unsubscribe and start to ask TH-cam to stop recommending me these videos. I understand wanting to provide a "different" perspective in relation to some of the articles out there, but this analysis is just underwhelming. It just calls a spike in prices as a "Frankenstein" monster and seeks to understand very little. This video was undereducational and I think it just made me frustrated and sad watching this. People, go get your facts elsewhere because this is not it.
Sorry my video didn’t provide you enough value. I’ll take your feedback and try better next time.
I didn’t realize opinions were facts 🤔
@@JavyVidana- Its just unrealistic. You expect both Rates & Prices to drop. That shouldn’t be an expectation , but rather wishful thinking. You have to take into account that there are 1st home buyers who have been waiting on the wings for well over a year now and asking them to continue to wait at times isn’t feasible- which is why people jump in when they see any drops in mortgage rates. Helping prop up prices. 2024 will be more of the same as 2023 expects for more sales and lower rates. But the prices are staying largely the same