How about you do a video on the overwhelming amount of real-estate being bought by multinational investment firms like BLACKROCK and StateStreet Capitol.
A very small percentage is actually bought by these large investment firms. In fact, majority of single family investment properties are owned by individual landlords.
Haven’t found anyone as straightforward as Kevin. Living in Ventura, I’ve seen him driving around for years. Looking forward to MeetING Kevin at the rally on Sunday!
In investing, many times, risk is high at higher prices and low at lower prices. I have often disliked a stock at 100, liked at 50, loved at 20. if data improvement has led to lower prices, your risk has actually decreased.
That's funny though because, in the last 4 months I have lost more than $47,000 in stock market which is the biggest I have lost since I ventured into stock investment.
A couple of days ago, I put an offer on a home with 10k over asking price and I received an email that the seller had 10 offers with 30k over asking, not sure where this market is hidding, the issue is that I don't even like the house that much 😊
@@lovejesus596 you don’t have to do anything. I like Kevin’s advice in this video and always: never pay market value or above for a property. And the market looks to be cooling so it will probably pay to be patient.
It’s funny how 200k homes went up to 260k in a year that is ridiculous but I’m not an idiot to be buying a home,thats actually worth like 170k I’ll just wait a year or two and then buy my house. Plus I don’t wanna be 70 years old and with a mortgage.
True, but most retail buyers don't have the financial means to rehab their home, so when the flipper does it, it allows the retailer to buy a fresh home with minimal out of pocket.
Housing prices continue to rise where I reside in the Northeast. Still bidding wars; lack of inventory; and people foregoing inspections to expedite closings.
People say hold real estate 7 years and you'll do fine. Well I must have overpaid because I'm 11 years in and can't sell my place at a 30% loss. Real estate sucks
@@karanpatel8910 11 years later it looks that way. 11 years ago it was $50,000 cheaper than other properties around it and a great deal but no one knows the future
@@karanpatel8910 lol, thanks for the advice. To give some context it was my first week of a new job in a new city. I couldn't afford a $400k+ home but I could just get by with a $300k townhouse. Houses have gone up and townhouses have all gone down. Real estate still sucks. My wife had an apartment we sold a couple years later for a 30% loss as well
There was not a house to be had in my Florida neighborhood. As soon as it went up it sold....Now their is at least 6 up for sale. We'll see. One is contingent.
@@oscarrlee18 awesome at taking away homes from potential first time home buyers who need it for their families. Now he’ll force them to be renters. Sad.
@@idliketosay Why is he not allowed to do that? That's a source of income for him. A lot of people don't just buy they like to rent instead. Or maybe he would allow them to rent to own. Jeez people always hate on someone else for anything.
@@caleb69dickey The housing market is a serious problem for many lower middle class and lower class people. For real estate agents who want to invest and make money, that’s great but we just said the inventory is low. Him taking up more properties is literally making that worse. It’s not about hating it’s about recognizing there’s a problem going on
BECAUSE OF YOU KEVIN WIFE n ME BOUGHT our 1st 🏡 HOME Last JULY ..... 15 Percent Below asking. He was a Newlee Retired n Literally Did Not See Surrounding Homes Selling (July market) 10 Percent above asking in Southern NJ. Thank YOU SIR!!!
in my market updated homes are selling fast!!! original condition houses are sitting and getting price reductions! you can almost see the listing and know how fast or slow it will sell...
also Mortgage Forbearance period ended June 30th. there is more pressure on people who haven't been making payments (for whatever reason) to get their house on the market while prices are still high. this just adds to the inventory. Of course not everyone currently in forbearance will have to sell but if even 10% do that's a big impact
@@Evelyn_officialvietnam lmfao or someone who owns properties and is waiting to add on my friend lmfao🤣🤣. You keep buying then at the top my boi I love your business 😅😅
The missing trend line should be income. Once house prices becomes too expensive home prices will drop. Most people in California have to commute to work. Gas price is a big drag on the economy and leaves less money on the table for mortgage payments. If you looked at all these variables together, the picture is quite clear. Oil prices are going though the roof and could be the very catalyst that will tank the economy. Imo real estate prices peaked last month. Sell now or hunker down and enjoy your house for a few more years.
Good data, thanks for sharing. If you add this to the upcoming expirations of moratoriums on evictions and rent/mortgage forbearance, you've got a really good recipe for a housing market crash by this fall.
I noticed a lot of homes in SF with pending comes “back to market “ for the last two weeks. And some homes are cutting prices. Something is strange going on.
One smart real estate move is getting a duplex or triplex with a FHA loan. I wish I new about it 10 years ago really but this strategy and trading stock options is how I have been able to acquire my wealth.
Selling calls and puts is something that should be thought in schools. I have been investing in the stock market since 2014 but I only started trading aggressive 2020.However, I have come to the conclusion that Stock investment is the best way to make passive income.
@@mayagarfias6903 It's Always good to see positive reviews about Lori Lynn Gile . As far as I can tell, she has been influential to the success of a lot of traders, even here on TH-cam. She deserves every recognition she gets.
I am majorly into real estate but as an investor I know how much I would be leaving on the table if I don't exploit the stock market. It's easily the most efficient way to make generational wealth in one generation.
I've been in the market for the last year, and I have noticed the same thing in the last month or so. Tons of inventory and house prices starting to come down. Corpus Christi area.
I think that might be because those sellers priced their real estate above the prior month assuming that it would continue. At least where I am, the reduction really just means that they are reducing down to the sale prices of other properties just a couple of months ago so really a lack of increase. But, who knows, it could continue a bit more.
I’m in Massachusetts and as soon as a house goes to open house and it’s listed in your price range , you loss, people are offering super higher price or paying in cash. It’s been 3 month and can’t find anything in our price.waiting on a miracle from God🙏🏼
real estate market in Philadelphia suburbs is starting to slow significantly from the craziness last year. homes listed for the moon are getting discounted substantially. homes are sitting on the market too, that 6mo ago would have sold within a day. i love corrections
@Cy Me Eh, it's all right. I was diversified in a lot of stuff, so overall up about 7% from last February. Honestly, it was better that something like that happened to me last February instead of later in life with hundreds of thousands.
My house in LA when from 100K to 500 K in 2 years. The housing bubble burst in 2008. On my Block the houses went down 20K That's it!! There was NO correction! It didn't go back to 100K Where was this correction everyone fears and talks about?! This going to be the same. It BS! The prices Never go down, in any meaningful amount of money.
you're seeing a slow down in sales because inventory is low because everyone is buying. Harder to find a deal that people can afford. that doesn't mean the inventory changed. people are still buying.
@@ppg4667 maybe in your local area. But nationally it has and in most metros it has. It's projected to continue to rise throughout 2021. And if the mortgage forbearance ends, watch out.
Lots of good info as usual. But could it be possible that there are less homes pending due to the lack of supply? Many builders stop construction when lumber prices shot up. Just something to think about.
Last year I was wasting my free time playing Fortnite and consuming entertainment-based vlogs, now I make more money than I did at my last job trading in the markets and spend my free time consuming educational content like this. Appreciate you Kevin and the knowledge you share!
I'm looking to start building spec homes. With the way the market is the potential profit margins are huge even on small houses. A peak market has me a little nervous. Looking at the numbers I believe I can target entry level homes and even if markets did crash and values dropped 50+% I could still make a profit. All else fails I could build rentals with good ROI.
People are still flooding into South Florida from all over the country, purchasing w excellent credit and often w cash. Until such demand slows, the market will not. This insanity cannot continue forever but I see no signs of slowing here.
Dude, you are so successful and so intelligent. You really know your stuff and it shines through. Thank you for your videos. Your wife is so damn lucky to have found you. Your life must be awesome! Straight up real estate mogul right here. Thanks Kevin!!
I'm going through this right now. “Enough is enough” is exactly how I feel. That said I'm under contract and the comps are $10-30k higher so maybe it's still a good deal... Ugh! I feel stuck.
Trust me, yes it will! When this eviction moratorium protection ends in a few weeks, that will be the beginning of the end. I’m calling it around November we will see drop off’s in price and pending sales
@@dougmitchell20 hope so doug. Hunting for a house now to rent, maybe flip as first property but mainly rent/ Airbnb. Seems impossible with the price asking, and the margins. Fuckin nuts
We bought our home in DFW a year and a half ago for $470k. A house in our neighborhood with the same finishings and size just listed for $650k a week ago. It’s under contract today for $680k. 😳
I don't think today's current prices are overly inflated. I bought a house in CA for $130,000 in '99 at a low point. The value of that home now is about $425k. If I did my math right, the value increased $15k a year. Given the recession that took away a lot of value, that doesn't seem extraordinary to me. If we didn't have the recession, the natur value would probably be close to the same if not more.
Wish this broke down areas better. My area isnt showing to let this up. Closing next week on a sale where we listed 30k over estimate and got an additional 35k cash offer over that we accepted. Lasted on the market 2 days.
Below market value you would have purchased those 10 homes 8 years ago without these current artificially inflated market prices. Housing prices are going to drop by nearly 30%
We paid 138k for a starter home 15 miles north of downtown Austin in 06. Our neighbors house just sold for half a million two weeks ago. Tesla is driving everything way up.
you don't even need to look at data just cruise around and you see signs that say "for sale" as oppose to "sold" its differently slowed down at least here in Northern California. You still need at least one million to start looking lol
Higher prices with lower pendings may be due to increased raw material costs, such as lumber. If it truly costs more to build, the price will reflect that.
Yields going down putting downwards pressure on rates. We either go to 0 or negative. America is producing too much unproductive debt in a desperate attempt to keep inflation going. Free market either takes over/decouples from centralized banking or a less wasteful currency begins to be used. Either way all fiat is doomed.
Something isn't right. Edmonton market is hot as well... But our place has been on the market for a month at 30% below purchase price and not a single offer. It's also a townhouse and not a single family home... 😟
I'm one of those buyers that's decided to sit out. here in nj the prices have gotten to be ridiculous. 2 bed room homes with one bath going for 3330 k.. so imagine looking for something bigger 400k and up .. some of these houses were 100k less the year before
It’s a shift because of limited inventory! So my opinion it actually is a sign that proves are going to continue to sky rocket, especially with interest rates continually falling.
True but only if a large majority of buyers said enough is enough. Also people need a place to live and with short supply of inventory, I dont see this happening
The increases in prices are due to realtors and sellers trying to get stupid money for crappy houses. Seeing a lot more price corrections or reductions in the first seven days now compared to a few weeks ago. As a potential buyer we’ve just stopped looking as the prices are too high for houses that are just meh. Still looking but not going to jump in just to jump in. Agents are not forthcoming in their communication and it’s starting to bite them in the ‘offers’ as buyers aren’t willing to overbid by thousands on already overpriced homes. I see “offers due by Monday at 5pm and then the house is still on the market the next few weeks with a price reduction.
Hi Kevin, How does one go about removing PMI from thier home loan early? I bought my home 9/2020 and its gone up from the origonal valuation of 315k (appraisal) to 409k (Zillow EST). I owe 298k at 3% on the loan of 305k. This might be a great video for us recent home owners in order to save some $$$. Thanks!
go to the redfin Data Center and look at the same chart... but switch the duration from 4 weeks to 1 week and you see Kevin's prediction is coming true.
I definitely think that there more catalyst that would cause the housing market to soften than to keep going the way it has been. Thanks for the update Kevin!
It’s people moving out of high density areas. Other states are now feeling how it’s like to compete for housing. People bash on Cali and other states for cost of living but it’s the competition. That competition has now moved to anywhere in the country. The way I see it, it’ll lead to some kind of balance in living costs throughout the country.
@@HH-le1vi Right, everyone Knows There has not been enuff affordable housing built and Globalist Developers with no stake in community building stack n pack crap sux. Renting should be for when your younger and older not when your Building a Foundation and raising a family.
Can someone explain how houses are more expensive but yet ppl aint working , economy not running 100% , business are still closing etc. The lists goes on and on! but yet houses are more expensive!! Getting built like crazy. Pretty sure regulations are getting cut etc and contractors are cutting corners just to meet dead lines.
@@bernies_cat I been waiting over 30 years for the housing market to flip back to lower prices in California like it was in the 80’s, still no luck, it just keeps going up and up. Maybe I should bite the bullet and buy, hope for the best. Only one life to live. Hope you guys don’t wait too long and grow old without a home like I did 😅
Kevin, I live in Miami Florida. I follow my dream home and look into it a few times a month. Today I checked and the 30-Day appreciation is 17.61%. 30 DAYS!! But the house next to it is up 41.1% in the last 30-Days. I’ve been telling my buddies this is very spooky in a way
There is literally no market supply at all. That is the problem you see. If supply does come back online all you will see is a normalizing of the supply/demand ratio
With the beginning of the end of the housing payment deferral coming in less than 30 days. It's estimated that almost 2 million homes will be foreclosed or have to be sold before June 2022. I believe with the current housing market and a more than average influx of homes going to be listed in the next 45 to 90 days. This will create a huge problem that will hurt the market 10 times more then will help it.
@@lyleburlingame2276 As A potential buyer I'd hope so. However if the government gets involved and tries to "fix it" the government will probably change lending regulations for the worse pushing true mom and pop home buyers out and opening it up for corporate buyers in efforts to try and make things better. Adding more red tape to anything usually only hurts the average person. Realistically the housing market right now is almost 100% driven by lack of inventory caused by payment deferrals created by the government.
I live in So Cal and just sold my Townhouse for a hefty profit. I'm torn between buying a Single Family Dwelling with a yard and a pool (overpriced atm) or taking the profits and investing it while I rent for a few more years and wait to buy when the housing market is more reasonable and I have more saved up. Which is the better option during this precipitous time in housing and stocks? Open discussion...
They just sold the condo next to mine for over 20% if market price. Also they are building like crazy right now. Lol I think Newsome cut them some slack on the under the table money
Homes are coming back on market also bc buyers are bidding on 5 homes at a time and when they finally get an offer accepted they have to quickly back out of the other offers
Its aren’t gonna flip. Not enough supply for the demand. If you can’t afford it , someone else can. Don’t listen to this guy and wait. I have listen to a bunch of people telling me the market will crash eventually and it never did. I could have buy it in 2018 when it was cheap but I didn’t because guy like him telling me the market gonna crash. Housing price will always go up in long term so buy it if you can afford it.
So...why aren't new home builders killing it? They can sell them as fast or faster than they can build them? Especially if large corporations are just going to buy them up anyways. It would be like printing cash
![MAJOR *New* Day 1 Plans JUST Out: Donald Trump [PREPARE]](http://i.ytimg.com/vi/S7S6Ms3xo68/mqdefault.jpg)
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How about you do a video on the overwhelming amount of real-estate being bought by multinational investment firms like BLACKROCK and StateStreet Capitol.
Yup… or rich multi-millionaires like himself
A very small percentage is actually bought by these large investment firms. In fact, majority of single family investment properties are owned by individual landlords.
man this just clarified my hunch, been looking at the same data last week and I had the same conclusion. being patient is key.
Haven’t found anyone as straightforward as Kevin. Living in Ventura, I’ve seen him driving around for years. Looking forward to MeetING Kevin at the rally on Sunday!
Agreed.
@S C Doesn't sound like it. 😆
In investing, many times, risk is high at higher prices and low at lower prices. I have often disliked a stock at 100, liked at 50, loved at 20. if data improvement has led to lower prices, your risk has actually decreased.
That's funny though because, in the last 4 months I have lost more than $47,000 in stock market which is the biggest I have lost since I ventured into stock investment.
How does that work? How has your risk decreased if you buy 5 shares at 20 rather than 1 at 100?
@@srnunan4783 It doesn't. Share price is irrelevant for risk. Also, the comments above yours are all bots, including the OP.
Dropping a like for this man with both a physical and an electronic whiteboard and seamlessly switching between them.
A couple of days ago, I put an offer on a home with 10k over asking price and I received an email that the seller had 10 offers with 30k over asking, not sure where this market is hidding, the issue is that I don't even like the house that much 😊
Beware of liars trying to pump your ask price...
Then whyyyy
Right they may not really have offers that high
@@lovejesus596 you don’t have to do anything. I like Kevin’s advice in this video and always: never pay market value or above for a property. And the market looks to be cooling so it will probably pay to be patient.
Just trying to squeeze every last cent out of the buyer
Home prices have peaked long ago. Shit is about to hit the fan in real estate
Depends where you live. Good properties will get better, but the gimmick ones will hit the fan.
I hope so 😀
It’s funny how 200k homes went up to 260k in a year that is ridiculous but I’m not an idiot to be buying a home,thats actually worth like 170k I’ll just wait a year or two and then buy my house. Plus I don’t wanna be 70 years old and with a mortgage.
Thanks for your feedback.......
For more guidance and lessons
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W..H..A..T..S..A..P..P....M..E🇺🇸🤝
Average mortgage length is 7 years in the States
I've noticed a lot of homes going under contract and then back on the market. I devise this is because they are not appraising.
People bid high hoping to back door the owner into accepting appraisal.
NOT IN LAS VEGAS NEVADA
They are appraising. Zillow is buying houses and reselling them at a higher point. I’m selling my house to them and they will resell it.
Unaffordable housing is also caused by investors flooding the market and then flipping at a profit.
@Pinñed by Meet Kevin hey meet Kevin, did you get my text😆
True, but most retail buyers don't have the financial means to rehab their home, so when the flipper does it, it allows the retailer to buy a fresh home with minimal out of pocket.
@@samschnitzler7106 at an inflated price.
@@totallychillgirl8072do you expect someone to fix up your house for free?
@@totallychillgirl8072 this is very unchill lol
Housing prices continue to rise where I reside in the Northeast. Still bidding wars; lack of inventory; and people foregoing inspections to expedite closings.
People say hold real estate 7 years and you'll do fine. Well I must have overpaid because I'm 11 years in and can't sell my place at a 30% loss. Real estate sucks
@@RyanNewell you bought a horrible deal then
@@karanpatel8910 11 years later it looks that way. 11 years ago it was $50,000 cheaper than other properties around it and a great deal but no one knows the future
@@RyanNewell definitely purchased in the wrong area
@@karanpatel8910 lol, thanks for the advice. To give some context it was my first week of a new job in a new city. I couldn't afford a $400k+ home but I could just get by with a $300k townhouse. Houses have gone up and townhouses have all gone down. Real estate still sucks. My wife had an apartment we sold a couple years later for a 30% loss as well
There was not a house to be had in my Florida neighborhood. As soon as it went up it sold....Now their is at least 6 up for sale. We'll see. One is contingent.
Many a fool are buying now.
Later they will cry
There are at least
@@youcrazycat1 you must be an english teacher.
I used "an" and not "a". Proper english
😋
Thanks for contributing to the issue by buying 10 more homes.
Thanks for your feedback.......
For more guidance and lessons
+16%6%9%3%0%2%4%9%2%0
W..H..A..T..S..A..P..P....M..E🇺🇸🤝
Kevin is awesome
@@oscarrlee18 awesome at taking away homes from potential first time home buyers who need it for their families. Now he’ll force them to be renters. Sad.
@@idliketosay Why is he not allowed to do that? That's a source of income for him. A lot of people don't just buy they like to rent instead. Or maybe he would allow them to rent to own. Jeez people always hate on someone else for anything.
@@caleb69dickey The housing market is a serious problem for many lower middle class and lower class people. For real estate agents who want to invest and make money, that’s great but we just said the inventory is low. Him taking up more properties is literally making that worse. It’s not about hating it’s about recognizing there’s a problem going on
Trust me the last month or two sellers have been putting out ridiculous high prices to see if some idiot will bite.
Yup and it worked for me haha
Damn I just signed a 1800 dollar lease 😞
And the idiots all came rushing in...🤦♀️
@@Karonlivinglarge mortgage got cheaper... look at the 10 year yield
@@Karonlivinglarge I’m with you bro lol
BECAUSE OF YOU KEVIN WIFE n ME BOUGHT our 1st 🏡 HOME Last JULY ..... 15 Percent Below asking. He was a Newlee Retired n Literally Did Not See Surrounding Homes Selling (July market) 10 Percent above asking in Southern NJ. Thank YOU SIR!!!
Ata Boy! My man! You're back! This is the Meet Kevin we all love! 🙏🙏🙏
Where did he go
@@rozeglden3199 when we first started watching Kevin was all about real estate now, not so much. I really liked real estate Kevin too.
@@rozeglden3199 he's all over the place now! Governor, Technical Analyst, PPP expert, Crypto, and everything in between!
Agreed!
in my market updated homes are selling fast!!! original condition houses are sitting and getting price reductions! you can almost see the listing and know how fast or slow it will sell...
Our realtor in Dallas area actually told us its a terrible time to buy a house and to wait another year or two.
not truth. the cost of building is going up . inflation cost increase in real estate.
I’m also looking to buy in the Dallas area… fml
They're exactly right
I’m looking to buy a house in south texas but with this market might as well wait for 2022, have no rush
Yeah same in Austin. It’s freakin ridiculous. There’s buyers actually buying 500,000 over asking price. SMH.
also Mortgage Forbearance period ended June 30th. there is more pressure on people who haven't been making payments (for whatever reason) to get their house on the market while prices are still high. this just adds to the inventory.
Of course not everyone currently in forbearance will have to sell but if even 10% do that's a big impact
Thank you for watching"
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Forget flip, I need it to crash so I can afford to buy!
Only a loser would think like that.
@@Evelyn_officialvietnam someone who wants an overvalued thing to crash to buy in is a loser??? Lmfao!!!
That’s Y You owe no house and good luck with your wait. Lol
@@Evelyn_officialvietnam lmfao or someone who owns properties and is waiting to add on my friend lmfao🤣🤣. You keep buying then at the top my boi I love your business 😅😅
@@Ruben-tp2se The only time the housing market ever "crashed" in our lifetimes was 2008. I'm not holding my breath.
Hope this is true cause prices went up 20% in 6 months here
Appreciate your Feedback and thanks for watching for more info or Guidance.
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The missing trend line should be income. Once house prices becomes too expensive home prices will drop. Most people in California have to commute to work. Gas price is a big drag on the economy and leaves less money on the table for mortgage payments. If you looked at all these variables together, the picture is quite clear. Oil prices are going though the roof and could be the very catalyst that will tank the economy. Imo real estate prices peaked last month. Sell now or hunker down and enjoy your house for a few more years.
* *Thanks for the view**
**+1#5#0#8#4#1#8#2#4#1#7**
**W
Put in that work Kevin! Don’t give up.
Good data, thanks for sharing. If you add this to the upcoming expirations of moratoriums on evictions and rent/mortgage forbearance, you've got a really good recipe for a housing market crash by this fall.
Crash by this fall??? You crazy, unless “crash” means a slowdown in price increase….then yeah possibly.
I noticed a lot of homes in SF with pending comes “back to market “ for the last two weeks. And some homes are cutting prices. Something is strange going on.
Nothing strange just a lot of people pulling back and deciding not to get fucked
My sister just got rejected on a home that was listed for $1.39 she offered 1.415 house sold for 1.5…. People have money
People are listing above appraisal getting greedy and it not appraising.
One smart real estate move is getting a duplex or triplex with a FHA loan. I wish I new about it 10 years ago really but this strategy and trading stock options is how I have been able to acquire my wealth.
Selling calls and puts is something that should be thought in schools. I have been investing in the stock market since 2014 but I only started trading aggressive 2020.However, I have come to the conclusion that Stock investment is the best way to make passive income.
K::I::N::D::L::Y T::E::X::T O:N W::h::a::t::s::A::p::p:@+1=22=5= 7=2=6=6=4=1=2....
Where can I learn how to trade stock options ? I have been holding back on stock investments because of my utter lack of knowledge on the topic.
@@mayagarfias6903 It's Always good to see positive reviews about Lori Lynn Gile . As far as I can tell, she has been influential to the success of a lot of traders, even here on TH-cam. She deserves every recognition she gets.
I am majorly into real estate but as an investor I know how much I would be leaving on the table if I don't exploit the stock market. It's easily the most efficient way to make generational wealth in one generation.
I'm seeing homes in my market start to adjust home prices down from initial asks for the first time in 2 years.
Same. One near me just knocked 20% off
Lots of inventory.
Same here
Watched one go from. $635k to $545k in 30 days.
Because they overpriced most likely thinking they'd catch a whopper
I've noticed more listings in my area (Houston) starting to stagnate or trend down very recently.
I've been in the market for the last year, and I have noticed the same thing in the last month or so. Tons of inventory and house prices starting to come down.
Corpus Christi area.
@@markcowan3366 I think only Dallas and Austin have really been going crazy (as far as I can tell) in the same timeframe.
Houston is starting to have a crime problem, so the massive growth honeymoon period seems to be up.
@@TheSpatulaCity Yeah. I mean, I have found crime in general up for sure.
@@NVSTRZ34 I'm in north austin I'm noticing pricing going down and. In my neighborhood their are 6 houses for sale
Good info. So many sub markets and locations are very different. The Market is efficiently shifting, slower than most know about. Thx Kevin
I noticed the last week a lot of price reductions
I think that might be because those sellers priced their real estate above the prior month assuming that it would continue. At least where I am, the reduction really just means that they are reducing down to the sale prices of other properties just a couple of months ago so really a lack of increase. But, who knows, it could continue a bit more.
Same here, especially in land
where?
@@bjjfreak8261 central texas
Hey if there’s a sucker willing to overpay for my stack of wood I’m going to take them every time wouldn’t you
I’m in Massachusetts and as soon as a house goes to open house and it’s listed in your price range , you loss, people are offering super higher price or paying in cash. It’s been 3 month and can’t find anything in our price.waiting on a miracle from God🙏🏼
It’s been 2 years of looking for a house in Ma for me. This has been going on long before covid.
real estate market in Philadelphia suburbs is starting to slow significantly from the craziness last year. homes listed for the moon are getting discounted substantially. homes are sitting on the market too, that 6mo ago would have sold within a day. i love corrections
Of course they would flip, everything goes down after I invest. Stocks, crypto, property.
I feel the same way. 😣
ARKK
@Cy Me Eh, it's all right. I was diversified in a lot of stuff, so overall up about 7% from last February.
Honestly, it was better that something like that happened to me last February instead of later in life with hundreds of thousands.
100% I'm the same..
You can't beat me.......had my offer accepted on a home Monday so expect downhill from here forward :)
Yall should look up the forecloses, and see if you live near a hot spot, where it's happening a ton, it may soon start to spread more.
My house in LA when from 100K to 500 K in 2 years. The housing bubble burst in 2008. On my Block the houses went down 20K That's it!! There was NO correction! It didn't go back to 100K Where was this correction everyone fears and talks about?! This going to be the same. It BS! The prices Never go down, in any meaningful amount of money.
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you're seeing a slow down in sales because inventory is low because everyone is buying. Harder to find a deal that people can afford. that doesn't mean the inventory changed. people are still buying.
But inventory has gone up lol.
@@ppg4667 maybe in your local area. But nationally it has and in most metros it has. It's projected to continue to rise throughout 2021. And if the mortgage forbearance ends, watch out.
@@ppg4667 It def has here.
@@ppg4667 it has gone up here in Columbus Ohio
I think prices have to cool off unless wages go up significantly
It’s crazy here in Palm Beach. The prices has skyrocketed out of nowhere.
you just bought houses at an all time high to rent out to people who cant afford it
Lots of good info as usual. But could it be possible that there are less homes pending due to the lack of supply? Many builders stop construction when lumber prices shot up. Just something to think about.
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Central Texas market still very healthy, but not as crazy as 4 months ago
Healthy? Cant even buy a cheap ass house between 150-180k without being outbid by 10-30k. Been trying to buy a home for 6 months.
Im currently in bell county btw
I think prices in Texas will continue to go up the next couple years, but at a slower rate.
I put an offer on a central Texas house $32k over asking and I lost to an offer $80k over.
@@michaelbollinger8060 Bell County? Ill check it out
Oh please under market value....everything is listed above market value and the homes do not even appraise!
Last year I was wasting my free time playing Fortnite and consuming entertainment-based vlogs, now I make more money than I did at my last job trading in the markets and spend my free time consuming educational content like this. Appreciate you Kevin and the knowledge you share!
Very insightful. Still affected by region and the stupid 10 yr isn't helping, but the crash comes closer every day
I'm looking to start building spec homes. With the way the market is the potential profit margins are huge even on small houses. A peak market has me a little nervous.
Looking at the numbers I believe I can target entry level homes and even if markets did crash and values dropped 50+% I could still make a profit.
All else fails I could build rentals with good ROI.
All I hear is BLACK FRIDAY SALE ON REITS COMING SOON
🙌
People are still flooding into South Florida from all over the country, purchasing w excellent credit and often w cash. Until such demand slows, the market will not. This insanity cannot continue forever but I see no signs of slowing here.
We are an example of enough is enough. We decided to pause our search at least for this year. We got tired of this crazy market and ridiculous prices.
Dude, you are so successful and so intelligent. You really know your stuff and it shines through. Thank you for your videos. Your wife is so damn lucky to have found you. Your life must be awesome! Straight up real estate mogul right here. Thanks Kevin!!
Hey Kevin, you didn’t take the current inflation in construction costs into concideration within your analysis..
Kevin's dropping gems
@Pinñed by Meet Kevin Hey Kevin did you receive the $1000 that I sent you
@@kevinjoy4056 please tell me you’re joking
@@jimmyb5304 😁
@@kevinjoy4056 whew
Love the real estate videos!
@@meetkevinyoutube8203 Sure, you don’t seem shady at all!
I'm going through this right now. “Enough is enough” is exactly how I feel. That said I'm under contract and the comps are $10-30k higher so maybe it's still a good deal... Ugh! I feel stuck.
@UC49rHWhS_DQpmRP9dGyiWig you are a duck, troll.
Trust me it’s not gonna flip. Especially areas around big cities
Trust me, yes it will! When this eviction moratorium protection ends in a few weeks, that will be the beginning of the end. I’m calling it around November we will see drop off’s in price and pending sales
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@@dougmitchell20 hope so doug. Hunting for a house now to rent, maybe flip as first property but mainly rent/ Airbnb. Seems impossible with the price asking, and the margins. Fuckin nuts
We bought our home in DFW a year and a half ago for $470k. A house in our neighborhood with the same finishings and size just listed for $650k a week ago. It’s under contract today for $680k. 😳
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They sure helped raise your property value 👍🏽
I love how wholesome you are. You would make such a great governor
Wholesome? Like "Little House on the Prairie"?🤔
oh please.
They all do
Until they’re selected.
Kevin do you have a video on applying rent relief towards buying my first home or gov aid for first home
I don't think today's current prices are overly inflated. I bought a house in CA for $130,000 in '99 at a low point. The value of that home now is about $425k. If I did my math right, the value increased $15k a year. Given the recession that took away a lot of value, that doesn't seem extraordinary to me. If we didn't have the recession, the natur value would probably be close to the same if not more.
When can you do videos on the 10 properties you got last year? I really miss your real estate videos! Much love.
Wish this broke down areas better. My area isnt showing to let this up. Closing next week on a sale where we listed 30k over estimate and got an additional 35k cash offer over that we accepted. Lasted on the market 2 days.
Food for thought , building cost is about $200/sq.ft. plus add in your land cost. So before you say your over paying do some math !
That’s an inflated number if I ever saw one…$200 per sq foot means a 2k sq ft home is $400k. Not true in most areas. Maybe in California though!
Below market value you would have purchased those 10 homes 8 years ago without these current artificially inflated market prices. Housing prices are going to drop by nearly 30%
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So glad I met MeetKevin 👏
facts Kylar, the only Language you chose to speak was facts.
We paid 138k for a starter home 15 miles north of downtown Austin in 06. Our neighbors house just sold for half a million two weeks ago. Tesla is driving everything way up.
Seeing a lot more listings on the market in my area.
Where are you Located?
Not slowing in my area
@SavageRaff same. But they still expect 100K+ above listing lol
@@Bella_0303 Southern Utah
you don't even need to look at data just cruise around and you see signs that say "for sale" as oppose to "sold" its differently slowed down at least here in Northern California. You still need at least one million to start looking lol
Higher prices with lower pendings may be due to increased raw material costs, such as lumber. If it truly costs more to build, the price will reflect that.
Oh, and those "pending" sales are not accurate numbers in my area. I am seeing "listing removed" and within the month a property transfer.
Yields going down putting downwards pressure on rates. We either go to 0 or negative. America is producing too much unproductive debt in a desperate attempt to keep inflation going. Free market either takes over/decouples from centralized banking or a less wasteful currency begins to be used. Either way all fiat is doomed.
Something isn't right. Edmonton market is hot as well... But our place has been on the market for a month at 30% below purchase price and not a single offer. It's also a townhouse and not a single family home... 😟
I appreciate your feedback and thanks for watching..! For more info and guidance.
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I'm one of those buyers that's decided to sit out. here in nj the prices have gotten to be ridiculous. 2 bed room homes with one bath going for 3330 k.. so imagine looking for something bigger 400k and up .. some of these houses were 100k less the year before
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I don't think there is going to be any crash housing market is going to keep going up
This is my opinion
It’s a shift because of limited inventory! So my opinion it actually is a sign that proves are going to continue to sky rocket, especially with interest rates continually falling.
You’ll own nothing but you’ll be happy.
The world economic Forum. Great Reset
My house has topped and started to go down. But that always happens as the school year approaches.
FL is absolutely ridiculous! Plus try to find one that isnt already pending/contigent is a needle in a haystack. I sooo want out of SoCal!!
@@lyleburlingame2276 ya planning to vote Democrat here? Or did you learn your lesson? Please don’t turn Fl in CA.
Home buying in la has dropped like crazy !
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Just bought my first house yay
True but only if a large majority of buyers said enough is enough. Also people need a place to live and with short supply of inventory, I dont see this happening
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The increases in prices are due to realtors and sellers trying to get stupid money for crappy houses. Seeing a lot more price corrections or reductions in the first seven days now compared to a few weeks ago. As a potential buyer we’ve just stopped looking as the prices are too high for houses that are just meh. Still looking but not going to jump in just to jump in. Agents are not forthcoming in their communication and it’s starting to bite them in the ‘offers’ as buyers aren’t willing to overbid by thousands on already overpriced homes. I see “offers due by Monday at 5pm and then the house is still on the market the next few weeks with a price reduction.
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Patience. Real estate is at an inflation adjusted all time high. It will mean revert in time. No way would I buy now.
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I disagree kevin i dont think buyers are saying no i believe banks are making it more difficult to get money they have increased their standards
Hi Kevin, How does one go about removing PMI from thier home loan early? I bought my home 9/2020 and its gone up from the origonal valuation of 315k (appraisal) to 409k (Zillow EST). I owe 298k at 3% on the loan of 305k. This might be a great video for us recent home owners in order to save some $$$. Thanks!
go to the redfin Data Center and look at the same chart... but switch the duration from 4 weeks to 1 week and you see Kevin's prediction is coming true.
I definitely think that there more catalyst that would cause the housing market to soften than to keep going the way it has been. Thanks for the update Kevin!
The Californians finally found out that you cant sell a 100,000 house for 300,000 here in Oklahoma
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They just by okie house in cash to rent to the locals
I’m in okc and shit is definitely selling at these prices 😫😫😭😭
@Shocked I hear they have a problem with win though, Dorothy.
It’s people moving out of high density areas. Other states are now feeling how it’s like to compete for housing. People bash on Cali and other states for cost of living but it’s the competition. That competition has now moved to anywhere in the country. The way I see it, it’ll lead to some kind of balance in living costs throughout the country.
until that becomes unsustainable
It's the international investment along with Govt giving
$$$ to Blackrock to buy up suburban property in NOT California.
@@SnarlaRae that whole thing is way overblown. Blackrock is purchasing the same amount of property on a percentage basis as any other year.
@@HH-le1vi Right, everyone Knows There has not been enuff affordable housing built and Globalist Developers with no stake in community building stack n pack crap sux. Renting should be for when your younger and older not when your Building a Foundation and raising a family.
In Scotland, people from cities are moving elsewhere and buying
... might be slowing recently, but since first lockdown, lots buyer's
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Can someone explain how houses are more expensive but yet ppl aint working , economy not running 100% , business are still closing etc. The lists goes on and on! but yet houses are more expensive!! Getting built like crazy. Pretty sure regulations are getting cut etc and contractors are cutting corners just to meet dead lines.
Thanks for the hope. So many offers have gone to the highest bidder. Maybe I'll get my chance soon 🤞
Just wait 6 months you'll be Glas you did $$$
I’m in the same situation 😔
@@bernies_cat I been waiting over 30 years for the housing market to flip back to lower prices in California like it was in the 80’s, still no luck, it just keeps going up and up. Maybe I should bite the bullet and buy, hope for the best. Only one life to live. Hope you guys don’t wait too long and grow old without a home like I did 😅
Kevin, I live in Miami Florida. I follow my dream home and look into it a few times a month. Today I checked and the 30-Day appreciation is 17.61%. 30 DAYS!! But the house next to it is up 41.1% in the last 30-Days. I’ve been telling my buddies this is very spooky in a way
Miami is also one of, if not the hottest real estate market in the country right now. So that's an outlier
Lol. I believe it. I too am getting that feeling like something major is about to happen
A 2 bed 1 bath 900sq feet. Cost around 350k base then 60k cash over. Cali Market is crazy.. no middle class american can afford.
There is literally no market supply at all. That is the problem you see. If supply does come back online all you will see is a normalizing of the supply/demand ratio
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With the beginning of the end of the housing payment deferral coming in less than 30 days. It's estimated that almost 2 million homes will be foreclosed or have to be sold before June 2022.
I believe with the current housing market and a more than average influx of homes going to be listed in the next 45 to 90 days. This will create a huge problem that will hurt the market 10 times more then will help it.
@@lyleburlingame2276 As A potential buyer I'd hope so. However if the government gets involved and tries to "fix it" the government will probably change lending regulations for the worse pushing true mom and pop home buyers out and opening it up for corporate buyers in efforts to try and make things better. Adding more red tape to anything usually only hurts the average person.
Realistically the housing market right now is almost 100% driven by lack of inventory caused by payment deferrals created by the government.
I live in So Cal and just sold my Townhouse for a hefty profit. I'm torn between buying a Single Family Dwelling with a yard and a pool (overpriced atm) or taking the profits and investing it while I rent for a few more years and wait to buy when the housing market is more reasonable and I have more saved up.
Which is the better option during this precipitous time in housing and stocks?
Open discussion...
They just sold the condo next to mine for over 20% if market price. Also they are building like crazy right now. Lol I think Newsome cut them some slack on the under the table money
The standoff has begun between buyers and sellers.
Not going to happen... up up. The price... That's the way it will be... Cost to much...
Homes are coming back on market also bc buyers are bidding on 5 homes at a time and when they finally get an offer accepted they have to quickly back out of the other offers
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Its aren’t gonna flip. Not enough supply for the demand. If you can’t afford it
, someone else can. Don’t listen to this guy and wait. I have listen to a bunch of people telling me the market will crash eventually and it never did. I could have buy it in 2018 when it was cheap but I didn’t because guy like him telling me the market gonna crash. Housing price will always go up in long term so buy it if you can afford it.
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So...why aren't new home builders killing it? They can sell them as fast or faster than they can build them? Especially if large corporations are just going to buy them up anyways. It would be like printing cash