Compilation of Housing Market Forecast videos th-cam.com/play/PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi.html Get Connected To a GREAT Real Estate Agent in Your Area: www.realestateteamfinder.com Please SUBSCRIBE HERE bit.ly/31kAR73 Products I use and like: #ad Tubebuddy www.tubebuddy.com/jason808
1st quarter gdp data indicating inflation still going in the wrong direction 3.7%. Noticeably up from the previous quarter. Fed gambled and the wait and see approach and it's not working.
Jason, prices are skyrocketing in the milwaukee metro. I live in a decent suburb that borders the city. My 1000 sq foot 3 bed, 1 bath starter home has increased from 250k to 310k in 6 months per zillow. So now, running numbers: 105k income needed. 20% down, 7% 30 year would be about 1950/mo PITI. I've owned the house 19 years. I would not qualify to buy it today. Yet I have a 10 year mortgage and pay less than rent would be.
That’s the power of home ownership. It is so important to own a home. Sounds like you got yourself an ideal situation. Small, easy and cheaper to maintain single story house within a short distance to a major city. That is exactly what my house is too. They don’t build houses like this anymore.
As @ajouneyofyoursoul mentioned, that's the power of home ownership and it shows how affordability is very low right now. On top of that, daily average rates rose to 7.5% today :/
At some point, you will all realize they are lying. Where is the liquidity coming from for the builders? They have ridiculous rates compared to the pre-existing homes. This is all a central planned economy.
@@JasonWalter1 yes, to me it gives a simple picture in my mind of how new listings can increase yet supply decrease - if the water is flowing out faster than it's coming in, the level will go down.
I can't imagine where home prices would be today if interest rates were 3%. I think folks are going to have opportunities in the next few month....but nothing appears to be changing much as we keep up with Jason's reports.
Hey, Jason. How you doing today? I have a question for you. My lender was telling me that I have to pay a fee for them to give me a lower interest rate. Why is that and how much does that typically cost?
Thank you for your question. It’s called paying points (i.e. discount points). Lenders give you the option to pay additional money to get a lower rate.
@@JasonWalter1 That's the thing about these crashes right? They happen when something breaks, and nobody knows when that's going to happen. I think reasonable people would agree there's enough irresponsibility in the markets and the US treasury right now that there's plenty of tender for that unexpected spark.
Y'all have been predicting, for years, that another crash is going to happen. It's not coming, too many people locked in low interest loans plus a housing shortage equals no crash. I predicted 2008 crash because it was obvious. I bought my first home IN 2012 and sold last year. No one wants a crash more than me...BUT IT ISNT GOING TO HAPPEN WITHOUT COMPLETE ECONOMIC COLLAPSE.
Werent we expecting cuts in May 2024 at beginning of the year? Now in April we are expecting cuts in Sept 2024? It's not comforting that the date of the first cut is shifting back as fast as time progresses.....at this rate we will NEVER cut.
The global monetary system cannot handle current rates for long. Attempting to save that system too early would just mean more inflation. The fed is a reactionary agency. Once they see a clear imminent crack in the system they'll intervene. Treasury spending is giving the appearance of strength for now but that only means more pain when the dam finally bursts. Until that happens fed is doing everything they can to hold rates until inflation is definitely reduced sufficiently. When they cut it means things have gotten much worse.
@@grownupgaming Not really. The mandate of the fed is to keep inflation and employment at reasonable levels. Lowering rates is only a move they do to try to stimulate the economy to prevent unemployment. If inflation cools off like it looks like it has (we have some short term oil shock inflation that's kept things "sticky" but oil shocks are long term deflationary) there would be no reason to lower unless it poses a risk to employment. Maybe you could imagine a very modest risk to employment causes a modest cut in rates but they don't cut unless they feel like its needed. It's not healthy to have rates low but we got used to it like crack and now we need our fix to keep going. The longer the system continues the larger debts get and the rates must grind lower if we are to avoid imminent collapse (in favor of can-kicking later collapse)
You are looking at one piece of the puzzle, a common accurance for people who're not economically savvy. Too many people locked into low interest rates plus housing shortage equals no crash...minus total economic collapse of course. I predicted the 2008 crash, bought my house in 2012 and sold last year. No one wants a crash more than I...but it's not gonna happen.
I hear so many people and "influencers" pedaling "the house market crash" that i am starting to believe that someone is actually paying them to say that. And has been done with such emotions and passion that i am already convinced that what is going down and WILL crash is the american dollar buying power. This last one for sure you can count on!
@@bullettethebulldiva4875research the 80’s market. Supply was low, Inflation was at 12%, interest rate at 18% and unemployment at 10.5. It didn’t crash the market and housing prices went up.
Of course prices will go up . I’d expect housing prices to double in the next 3 years . Why not , we are all rolling in dough and listen to TH-camrs so we should all invest I. Real estate as well as be diversified in bitcoin and fine art . I don’t know about you but if prices keep going up I won’t be able to eat let alone buy a house .
Compilation of Housing Market Forecast videos
th-cam.com/play/PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi.html
Get Connected To a GREAT Real Estate Agent in Your Area:
www.realestateteamfinder.com
Please SUBSCRIBE HERE bit.ly/31kAR73
Products I use and like: #ad
Tubebuddy www.tubebuddy.com/jason808
Fed should raise interest rate higher to correct real estate by 30% instead of wanting to cut interest rate.
Banks would fail
I don't think the Fed cares about home prices much....only inflation IMO.
There is so much demand for real estate there is no crash coming.
1st quarter gdp data indicating inflation still going in the wrong direction 3.7%. Noticeably up from the previous quarter. Fed gambled and the wait and see approach and it's not working.
banks failed at our current rates. If they raised the entire globally monetary system would go up in flames faster than it already is.
Your spot on. Excellent video. People need get off the bandwagon go ahead own a home.
Thank you!
Jason, prices are skyrocketing in the milwaukee metro. I live in a decent suburb that borders the city. My 1000 sq foot 3 bed, 1 bath starter home has increased from 250k to 310k in 6 months per zillow. So now, running numbers: 105k income needed. 20% down, 7% 30 year would be about 1950/mo PITI. I've owned the house 19 years. I would not qualify to buy it today. Yet I have a 10 year mortgage and pay less than rent would be.
That’s the power of home ownership.
It is so important to own a home. Sounds like you got yourself an ideal situation.
Small, easy and cheaper to maintain single story house within a short distance to a major city.
That is exactly what my house is too. They don’t build houses like this anymore.
As @ajouneyofyoursoul mentioned, that's the power of home ownership and it shows how affordability is very low right now. On top of that, daily average rates rose to 7.5% today :/
Appreciate you too Jason, thank you so much!!
At some point, you will all realize they are lying.
Where is the liquidity coming from for the builders? They have ridiculous rates compared to the pre-existing homes. This is all a central planned economy.
I like the analogy of the water in the bathtub!
I'm glad you liked it! I made it up but I thought it's a way to describe how inventory can grow or decrease.
@@JasonWalter1 yes, to me it gives a simple picture in my mind of how new listings can increase yet supply decrease - if the water is flowing out faster than it's coming in, the level will go down.
I can't imagine where home prices would be today if interest rates were 3%. I think folks are going to have opportunities in the next few month....but nothing appears to be changing much as we keep up with Jason's reports.
I couldn't imagine either. Home prices reached new record highs (Redfin's report today) despite 7%+ rates.
Hey, Jason. How you doing today? I have a question for you. My lender was telling me that I have to pay a fee for them to give me a lower interest rate. Why is that and how much does that typically cost?
Thank you for your question. It’s called paying points (i.e. discount points). Lenders give you the option to pay additional money to get a lower rate.
Does anyone actually believe that any of these agencies would predict a crash? Ofcourse they are not going to say that
Nope but then again it doesn't appear there will be one in the near term. A lot could change though!
When an election is near prices guaranteed to come down or current pres will lose
@@JasonWalter1 That's the thing about these crashes right? They happen when something breaks, and nobody knows when that's going to happen. I think reasonable people would agree there's enough irresponsibility in the markets and the US treasury right now that there's plenty of tender for that unexpected spark.
@@avenger1212tinder
Y'all have been predicting, for years, that another crash is going to happen. It's not coming, too many people locked in low interest loans plus a housing shortage equals no crash. I predicted 2008 crash because it was obvious. I bought my first home IN 2012 and sold last year. No one wants a crash more than me...BUT IT ISNT GOING TO HAPPEN WITHOUT COMPLETE ECONOMIC COLLAPSE.
Hey! I didn’t see a 2 for hump day Jason😂 It’s getting wild out here 😮
Wild indeed!
Werent we expecting cuts in May 2024 at beginning of the year? Now in April we are expecting cuts in Sept 2024? It's not comforting that the date of the first cut is shifting back as fast as time progresses.....at this rate we will NEVER cut.
The global monetary system cannot handle current rates for long. Attempting to save that system too early would just mean more inflation. The fed is a reactionary agency. Once they see a clear imminent crack in the system they'll intervene. Treasury spending is giving the appearance of strength for now but that only means more pain when the dam finally bursts. Until that happens fed is doing everything they can to hold rates until inflation is definitely reduced sufficiently. When they cut it means things have gotten much worse.
@@tann_man any chance inflation just goes down so we could get rates down? Does it have to be because of a recession that we lower rates?
@@grownupgaming Not really. The mandate of the fed is to keep inflation and employment at reasonable levels. Lowering rates is only a move they do to try to stimulate the economy to prevent unemployment. If inflation cools off like it looks like it has (we have some short term oil shock inflation that's kept things "sticky" but oil shocks are long term deflationary) there would be no reason to lower unless it poses a risk to employment.
Maybe you could imagine a very modest risk to employment causes a modest cut in rates but they don't cut unless they feel like its needed. It's not healthy to have rates low but we got used to it like crack and now we need our fix to keep going. The longer the system continues the larger debts get and the rates must grind lower if we are to avoid imminent collapse (in favor of can-kicking later collapse)
Completely unsustainable. Prices have gone up even 3x in many cases. Then interest too? On what planet? Big crash coming
People can't even qualify for rent unless married . Single people got 🖕
You are looking at one piece of the puzzle, a common accurance for people who're not economically savvy. Too many people locked into low interest rates plus housing shortage equals no crash...minus total economic collapse of course.
I predicted the 2008 crash, bought my house in 2012 and sold last year. No one wants a crash more than I...but it's not gonna happen.
I hear so many people and "influencers" pedaling "the house market crash" that i am starting to believe that someone is actually paying them to say that. And has been done with such emotions and passion that i am already convinced that what is going down and WILL crash is the american dollar buying power. This last one for sure you can count on!
The reality is housing crash videos and channels get the views = more views = more TH-cam ad revenue for the person who made the video.
They would never admit to a crash obviously, it’s coming tho
What do you think will be the breaking point?
Crash is coming in 2035. For now keep renting.
@@JasonWalter1 Lay offs and inflation. Doesn't matter if you have a zero% rate. You lose your job you have to sell. Mass lay off's coming.
@@JasonWalter1I hope Travis is watching this video. My guess he will make another buyer remorse or another Texas housing crash 😂
@@bullettethebulldiva4875research the 80’s market. Supply was low, Inflation was at 12%, interest rate at 18% and unemployment at 10.5. It didn’t crash the market and housing prices went up.
🤙🏽🌴👍🏽🍍
They'll be building houses on the moon soon because that's the only place these prices are going!
haha Good one
Market is so screwy
Told you no crash 😂😂
Crash in 2027-2028!
Real estate does not crash , it's more of a slow grind to the bottom
@@markme4 2008 was the only year that real estate has crashed in over 90 years
@@kylegrant9980 Don't forget about 1990 to 1996
@@markme4There was no "crash" then. 🙄 Values only decreased one of those years.
Try again.
Of course prices will go up . I’d expect housing prices to double in the next 3 years . Why not , we are all rolling in dough and listen to TH-camrs so we should all invest I. Real estate as well as be diversified in bitcoin and fine art . I don’t know about you but if prices keep going up I won’t be able to eat let alone buy a house .