I think she's right when she says we won't see significant home value decreases next year. In order for values to decline significantly enough to call it a "crash", you need a high inventory coupled with a low demand. We just don't have that. We have low demand and low inventory which is causing a stalemate. Most homeowners are locked into a rate under 4% with many under 3% so the move up or move down buyer/sellers are almost non-existent. That, along with builders slowing down, will likely keep inventory low for the next few years. I just don't see a crash coming. A small correction maybe, but not a crash. So for those waiting for home prices to decline 50% before they will buy, all I got to say is....I hope you like renting.
Those that need to sell will sell regardless, the retiree that needs to move to a tax free state. The family that no longer fits in their current home. Those moving for a job opportunity. A low interest rate is a purchasing tool, not a key feature in a home. Those that need to sell will have to come down in price as we are already seeing. A decrease of .77 last month in prices across the board. That translates into a 9% yearly decrease. By this time next year the speculator cockroaches will be coming out of the woodwork and looking for the exit!
Big California cities prices down 15-20% from peak. At peak buyer paying most closing cost, etc and home sold as is. Now sellers are fixing things up and paying at least half costs. So adding in these hidden costs down 20% from peak. Austin TX also 15-20% down. And this last says it can’t happen!! So either she is completely incompetent or just another housing lackey pushing the great time to buy slogan.
@@brightnight8831 Its a strange choice to get a nose ring and they aren’t hot even on the worlds most beautiful people. Thus it represents an objectively bad choice. It shows poor decision-making and weeds them out for would-be-suitor’s.
@@chrisdaniel2759 Matt Damon. Yeah. It wasn’t a great movie. But now with Harvey Weinstein gone I watch the terrible movies because I find they only range from terrible to truly awful usually.
The crash can’t happen fast enough. Real estate, autos, mortgage industry, all needs to crash 50% and bring on bankruptcies and layoffs in those industries. massive crash please. 50% crash please.
Covid is more important. No one has work though the covid. The health of everyone is more important. Then rates. Covid is first not the fed. They do not pay the bill u do.
This lady has no idea what she’s talking about. A tight low inventory of home does not mean prices can collapse. Even if their is only one house available to buy, if you don’t have one buyer the price drops. Subscribe to George Gammon on TH-cam. Explains the fallacy in depth. Real knowledge is power. Opinions are worthless
@@theequalizer2727 those who own homes will also be buyers. When selling. We had 7 million home sales in 2022 we will likely be around 3.8 million for the next 2 years.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.
Actually I trade cryptocurrency on a platform, with assistance from their top crypto analysis Ray Dalio is my professional assistant, I have been under him for 2years now... I've really made a lot from he's strategies in cryptocurrencies during this period.
I think she's right when she says we won't see significant home value decreases next year. In order for values to decline significantly enough to call it a "crash", you need a high inventory coupled with a low demand. We just don't have that. We have low demand and low inventory which is causing a stalemate. Most homeowners are locked into a rate under 4% with many under 3% so the move up or move down buyer/sellers are almost non-existent. That, along with builders slowing down, will likely keep inventory low for the next few years. I just don't see a crash coming. A small correction maybe, but not a crash. So for those waiting for home prices to decline 50% before they will buy, all I got to say is....I hope you like renting.
Those that need to sell will sell regardless, the retiree that needs to move to a tax free state. The family that no longer fits in their current home. Those moving for a job opportunity. A low interest rate is a purchasing tool, not a key feature in a home. Those that need to sell will have to come down in price as we are already seeing. A decrease of .77 last month in prices across the board. That translates into a 9% yearly decrease. By this time next year the speculator cockroaches will be coming out of the woodwork and looking for the exit!
@@sinforoso2000 More people want to buy than the people who have to move.
It’s rather presumptuous to assume it’ll stay this way. Wasn’t like this 12 months ago. Went south quick, what stops it going more south?
@@yeahnah773 The amount of people who want to buy.
@@chrisdaniel2759 that’s presuming things stay as they are. Again, something will change in that time
Let the bubble burst, let it all crumble down
She really nailed it. Nice work internet lady.
The health of America comes first. These people that work in making up the rate don't have bills. Not money.
Big California cities prices down 15-20% from peak. At peak buyer paying most closing cost, etc and home sold as is. Now sellers are fixing things up and paying at least half costs. So adding in these hidden costs down 20% from peak. Austin TX also 15-20% down. And this last says it can’t happen!! So either she is completely incompetent or just another housing lackey pushing the great time to buy slogan.
She works for Zillow they bought up way too many houses in 2020 -2021 now upside down plus they laid off 2000 employees . Zillow doesn’t know anything
In comes recession, hot labor market disappears, and people need to sell. Everything will change from a "don't want to" to a "have to."
She looks like she doesn't even know her own name without a teleprompter
Her name is porky.
i don't trust people with nose-rings. period.
@@brightnight8831 Its a strange choice to get a nose ring and they aren’t hot even on the worlds most beautiful people. Thus it represents an objectively bad choice. It shows poor decision-making and weeds them out for would-be-suitor’s.
She seems like she doesn’t wanna the housing market goes down
You should not wear a hoodie with a suit.
Interesting fashion choice.
Unless you’re a fallen angel from New Jersey.
@@chrisdaniel2759 a fallen angel? Are you suggesting he needs to hood to hide his angel claw? Why are angels so dangerous now?
@@ericB3444 I think they wanted to get back into Heaven? It’s been a while since I saw the movie Dogma.
@@chrisdaniel2759 Matt Damon. Yeah. It wasn’t a great movie. But now with Harvey Weinstein gone I watch the terrible movies because I find they only range from terrible to truly awful usually.
A reference for fundamentals. Thank you.
The crash can’t happen fast enough. Real estate, autos, mortgage industry, all needs to crash 50% and bring on bankruptcies and layoffs in those industries. massive crash please. 50% crash please.
Never gonna happen.
Covid is more important. No one has work though the covid. The health of everyone is more important. Then rates. Covid is first not the fed. They do not pay the bill u do.
"Smoothing out" 🤣 with 7.5% rates and rising? Dream on... of course what do you expect from a joker from "Zillow"
This lady has no idea what she’s talking about. A tight low inventory of home does not mean prices can collapse. Even if their is only one house available to buy, if you don’t have one buyer the price drops. Subscribe to George Gammon on TH-cam. Explains the fallacy in depth. Real knowledge is power. Opinions are worthless
We have plenty of buyers.
@@chrisdaniel2759 not at 7% mortgage rates at current prices.
@@theequalizer2727 those who own homes will also be buyers. When selling. We had 7 million home sales in 2022 we will likely be around 3.8 million for the next 2 years.
Yeah, how DARE an economist tell us what we lay people know better!
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.
Wow I'm just shocked you mentioned expert Mr Ray Dalio thought I'm the only one trading with him
Actually I trade cryptocurrency on a platform, with assistance from their top crypto analysis Ray Dalio is my professional assistant, I have been under him for 2years now... I've really made a lot from he's strategies in cryptocurrencies during this period.
How can I get to him please help
I also needed he's info too I’ll write him thanks.
I'm from Los Angeles , I and two other of my friends tried him immediately we testified he's performing wonders