7 Housing Market Predictions 2018
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- เผยแพร่เมื่อ 18 พ.ย. 2024
- In today's real estate advice episode, you'll learn 7 housing market predictions for 2018. Are we in a housing bubble or is everything going well for the real estate market in 2018?
#HousingMarketPredictions
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The 2018 housing market predictions in this video are based on research by leading economists and trends in the real estate market.
In today's video, you learn what is most likely to happen in the real estate market in 2018.
Housing market predictions for 2018 include:
1. 0:40 - Home inventory levels
2. 2:57 -New home construction forecasts
3. 6:10 Impacts of Housing affordability Is Trump tax reform good or bad for homeowners?
4. 9:45 -Mortgage interest rate predictions
5. 10:48 Home Buyer Trends First time home buyer's and 2nd+ home buyers
6. 13:07 -How home renovations are affecting the housing market 2018
7. 15:37 Housing Bubble 2018 Anxiety How to tell if real estate bubble 2018 will happen by examining where we've been, where we are today, and what's most likely to happen. Find out if another housing bubble 2018 is starting or if everything is normal.
Understanding Market Cycle Quadrants:
www.extension....
2017 NAR Research Resource Guide:
www.nar.realto...
Share your real estate market predictions 2018 with us in the comments section below.
We'll see you next Monday with another Real Estate Advice video. Subscribe today! Thanks.
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Want to know more about housing market predictions 2018 Nevada, please let me know. I'm here to help!
Thank you for watching! =)
Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney
Contact info:
Andrew Finney
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Thank you watching this video, your support, and the wonderful comments! You rock!
On another note, when I mentioned any possible changes to the real estate capital gains tax rule on a primary residence, I made a mistake and I apologize for any confusion.
I research the impacts of the Trump Tax on real estate and make a new video soon with what is currently approved in the tax bill.
For now, here's a couple links the further break down how the Trump Tax affects real estate:
www.thebalance.com/trump-s-tax-plan-how-it-affects-you-4113968
www.cnbc.com/2017/12/20/here-are-the-finalize.html
Thank you again for watching and for the awesome comments!
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Andrew Finney Team
Good information
I’m a millennial, would-be first time homebuyer, who has been trying to buy for over a year. I make more than middle income, but there is NOTHING affordable. And now interest rates are going up. So I will not be able to buy anything now until prices drop. Tell me again how this is not a bubble though...
MelieSue,
Thank you for watching and sharing your concerns with us. Completely understandable.
At the same time, currently, the US real estate market isn't displaying the indicators leading up to the 2008- 2009 collapse of not only the real estate and financial markets but several other industries as well. It was the worst we've been through since the Great Depression from 1929- 1941.
Just like the great depression, the collapse a decade ago was far more severe than a normal "pop" of the housing bubble which generally sees a 5%- 15% drop in property values over 1- 3 years, then a new baseline established, and grows again.
Not sure if you watched the full video? Towards the latter portion I share findings form Harvard Extension University professor's who accurately predicted the collapse of 2008- 2009. You may want to re-watch that segment and especially about the real estate market cycle quadrants.
Many indicators that become "writing on the wall" of a pending downturn aren't present at this time. Just to name a few:
1. Notice of Defaults (NOD) are way down
2. Notice of Trustee Sales are down
3. While housing prices rise, the average buyer is putting more money down thus lowering the Loan to Value (LTV) ratio. This is a very good thing.
4. Predatory lending isn't present as it was before. Beware of any the may or may not arise claiming "stated income loans" or "no asset verification," etc...
5. Financial markets do not appear to be falsely grading Real Estate Investment Trusts (REIT's) to "create" new highly risky and dangerous Collateral Debt Obligations (CDO's) as they latter became known.
**You may enjoy a movie called, "The Big Short." It's on Netflix btw...
As mentioned in this video, what we will hopefully see from the 2018 real estate market is one that begins to "stabilize" and course correct from the rapid appreciation seen since the 2008 down spiral. It's equally important to recall that during depression, home values tanked, in the majority of the country, to 1980's era pricing. Essentially a 100%+ decline in property value. At the present, the US housing market (factoring for inflation) is around the 2005- 2006 level pricing and, fortunately, without the aforementioned indicators at this time.
Of course, I don't have a crystal ball nor claim to know the future. What I do know is what I read, study, and consistently educate myself to better assist the families I work with in my real estate career. I take the matter seriously and conducted in depth research for this video from leading chief economists privy to real estate & financial matters.
MelieSue, I do completely understand and appreciate your present circumstances. Millions of people are in the same spot and it's not any fun. I realize that sentence doesn't likely admonish or diminish your current frustrations. Simply know that your points are well taken and understood.
I sincerely hope that your life will be filled with love, wealth, abundance, and happiness.
Thank you for watching and sharing your thoughts with us!
Enjoy a wonderful day!
Thanks,
-Your real Estate Geek, Andrew Finney
Hey Melie. Be sure that you let the effect of the stress test and interest rate increases fully filter in before buying!! Any time affordability drops, there will be a lag 6-12 months (or more) before the effect has filtered in. Watch the sales. As long as the sales decline (or stay low) this is an indication that prices have not fully adjusted. The affordability drop over one year is significant (20-30%). With higher rates and the stress test, people are purchasing this year with roughly 20-30% less (those that still qualify). This means that prices should drop 20-30% (or more, if rates continue to rise). Don't panic - in the long run, sometimes the winners are the losers. Affordability can stretch, but it can't be broken.
Just wait.... don’t buy now that’s the only way to correct these crazy prices
I'm no economist but, I can tell you we are in a bubble. I know because my relative who is barely middle class, less than 550 credit score was able to start the process of building a $250,000 home in Texas. At the beginning of the process I asked her what she was pre-approved for, her response "I'm pending pre-approval". What? What is "pending pre-approval"? A few months later, the house is complete however, the guy who the home builder put her in contact with to improve her credit needs more time to get her credit score up. The new home is complete, she has a closing date of the middle June however, she does not have financing. I am convinced that come hell or high water, these people (the builder, the lender, whoever else is involved) will do whatever it takes to get her in this home even though the home is out of her price range. I'm sure this story is not unique. I do not care what the statistics or charts say, talk to real people and you will here some ridiculous stories just like in the movie The Big Short movie. With that being said, who knows how to bet against this housing market so we can get rich like those guys in that movie?
The bubble is going to pop, it's an unsustainable model. With interest and price going up again (because Americans can't learn), there is a bubble greater than what we had before. With housing on the rise, homelessness is right there following that statistic because people can't pay. Apartment complexes have to stay "competitive " too. I recently had to face this reality(again), rent where I live has been going up by $72 per year, every time the lease renews. In the span of 8 years, the price went from $1075 to a whopping $1650(that's a 65% rise in under 10 years). Some people are going to call paying $1700 per month normal. If your making $60k a year, that's a third of your income. I make around $40k per year so this is literally eating half of my resources and honestly I'm one of the lucky ones. Not to mention the price of food has been steadily rising since 1913 even with the volatile nature of food pricing while a global economic crisis could be showing a shadow in the near future.
fred.stlouisfed.org/series/CSUSHPINSA?
thedataface.com/2018/01/public-health/american-homelessness
www.officialdata.org/Food/price-inflation
www.ozy.com/opinion/is-this-how-the-next-global-recession-begins/85174
P.S. Research the data cap on your internet, it's very easy to run into problems. I'm just stating this for posterity.
Its hard to say this is not a bubble, when home prices double in five years and wages are flat there is nowhere to go but down. Its not a matter of if but when. Great video by the way :)
James Roden,
Your right, home prices have doubled over the past 5 years. It's important to remember the flip side of the coin as well. When the US economy collapsed in 2008- 2009 that real estate prices hit rock bottom in the US around early 2012 then began trending up. When the market collapsed, home prices went through floor and retrograded back to home prices, essentially in the early 1980's. In short, the prices when far lower than they should've and what we've seen is a market correction to restore home prices. In my opinion that was achieved in 2015- 2016. Now, it's going into new territory.
That being said, the real estate market will need to balance this year and over the next few years. Ideally, that's exactly what we'll see. Home prices too high can't be supported as no buyers are have the ability to buy them. In turn, prices then must come down or at least balance then grow at a slower more moderate home appreciation rate.
At the end of the day, the best time to buy or sell a home is when it makes sense to you and what you're comfortable with doing at the time.
Thank you again for watching and commenting.
Enjoy an outstanding day!
Thanks,
-Your Real Estate Geek, Andrew Finney
When you look at the median home price and the median household income for most Americans it doesn't add up. They recommend that you don't spend more then 28% of your bring home pay on your home. When you have tons of young adults drowning in student loan debt and not earning a living wage they can't afford to save up for 20% of a down payment let alone afford the mortgage under the guidelines of personal finance. If a working couple spend the majority of their money on student loan debt, high healthcare premiums, high daycare cost and high housing cost there is literally nothing to save for retirement or for their children's college education and continued inflation out pacing wages. People are living in a sea of debt and high cost, something has to give.
Bingo. The scary part is that Torontonians hold the highest per capita personal debt across the country. The bubble has been supported thus far by DEBT - obscene, unprecedented levels of debt that are only possible through the magic of low interest rates. Rate increases are going to hit the areas with the most debt (i.e. the GTA). Also, even factoring in the effect of low rates, affordability (according to RBC) has deteriorated to all time lows in the GTA. If you adjust prices for interest rates and wages, the GTA bubble is FAR FAR from over.
Paladin R Yes , I agree....and in the end it won't be good. It's going to be those that own & those that don't. Many bought for cash out right , so they don't have mortgages.
Andrew Finney Team the economy collapsed in 08 because of the housing bubble. To say prices returned to normal is to say there was never a housing bubble to begin with. If you look at the housing index home values historical increase but at a steady slow pace. Until the 2000s when they went straight up and then corrected. We’re seeing the same unstable increase today. But who knows maybe bubbles, inflation and massive debt are the new normal?
Our house is ADA that we are building. It’s got wide hallways and no steps going out to the garage or the covered porch. I am disabled and my parents are 65 and 64. This will allow them as they age and me to stay in our home. I am so excited to have my space that works for me.
Christine C,
Thank you for watching and for sharing your excitement about your new home with us. That's so awesome! Very happy your new home will accommodate both you and your parents. Can't wait until you send us a message that you closed on your new home and are moving in! Keep us posted! 😀
Enjoy a wonderful day and an amazing New Year!
Thanks,
-Your Real Estate Geek, Andrew Finney
Andrew Finney Team Thanks. Supposed to move in at the end of Feb. We did a one time close so all we have to do is modify it to a perm. I live in Indiana so I hope the weather doesn’t get nasty so our well gets dug and our stone gets put on. Floors are going in right now. It’s just very cold here.
I WANT to ignore the possibilities of a bubble but when you look at population growth vs housing demand it can only run so far before there's a selloff of all these people owning 2-3 homes for investment purposes, thereby tricking the market into extreme demand, but WHO ARE THEY GONNA SELL THEM TO? If everyone who wants/needs a home has one, and appreciation finally stops or reverses, all these investment properties are gonna hit the market like a bag of bricks, and it will no longer be anywhere near a seller's market... I'm an agent, not a doomsday prepper, but be prepared for it to reverse more quickly than we'd like.
Hi CrossinTheLine!
Thank you for watching and for sharing your concerns with us!
Real estate bubbles, just like any other bubble all industries and economies are inevitable. They occur as a very necessary balance to correct free market conditions. Just as a wildfire purges the undergrowth of a forest to yield a healthier and more vibrant forest, they are part of the natural course of an open market.
That being said, from experience many of the investors owning multiple homes (at least here in Las Vegas, NV) have been selling off those homes since 2013 when the market at the time many purchased (2009- 2012) made very healthy returns for them. Sure, without doubt, a certain percentage of investors are still holding properties as is the case at any time of any real estate market condition.
When resale inventory is tight as it is currently, IF the all of the real estate investors across the country glutted the market by selling off their real estate portfolios then the market will respond accordingly by tapering off high rates of home appreciation as experienced from late 2012- to present. As it stands now, 2017's average US home appreciation rate was 6.5%. This year it is already expected to be far more modest between 3%- 4% which is in keeping with the 100 year historic real estate appreciation studies.
Who would by the homes the investors put on the market? Simple... First time home buyers! Consider the fact the of the first time home buyer crowd some 43% are forecasted to be millennials in 2018. (Millennials accounted for 40% of all first time home buyers in 2017)
Here's the reality... Most investors may choose to cash out slowly as not to disrupt their delicate balance between the passive income streams and the IRS ready to pounce on selling off too many homes in one year and being so gracious as to slap a much higher tax rate on them. Secondly, it's very improbable that enough real estate investors would sell off enough of their homes at the same time to cause a meaningful shift in the market conditions. It would actually be a great thing for the overall health of the real estate market by adding increased inventory to pent up demand (home buyers) thus helping them buy a home.
What is far more likely and highly probable is the increase in mortgage interest rates combined with home appreciation will stall housing affordability which, by the laws of supply and demand, will necessarily cause slight dip in home appreciation rates (such as outlined above: 6.5% in 2017 vs. 3% 2018 forecast) to "balance" the current market conditions.
Furthermore, the main indicators (I watch them every week) aren't writing on the wall prophesying calamity. Those indicators are the ones I shared in the latter parts of this video.
Thank you again for watching and for sharing your thoughts with us!
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Andrew Finney Team that was an incredibly insightful reply. Like I said I didn’t mean to sound doom-and-gloom, plus I trust our current administration to remain prepared for any shifts,
Where I do see the main risk, however, is in the event of something sudden that really rocks the boat, out of all the rate-adjusters control, something like 9/11, when there’s a larger amount of ‘froth’ via lots more multiple-homeowners in these prosperous times, which I certainly do hope continue and everything else stays in order to maintain the efficacy of all the institutions keeping the market headed in the right direction, or *if and when* it happens, they’ll be ready for that more gradual and albeit necessary pullback/correction period.
Thanks for the detailed reply, gave me higher hopes as I’ve just acquired my real estate license in Colorado, where many cities & properties tested as ‘recession-proof’ in ‘08, but I can’t and won’t count on that as a long-term strategy, so I appreciate the insight.
Have a swell day as well.
So now that we're into 2019, how did the predictions pan out?
Hi Lisa Braden,
Thank you for watching and for your comments today! Your a rockstar!
The housing predictions in this episode proved 100% accurate over the course of 2018. Here's the link to the 2019 predictions video: th-cam.com/video/A6ZXzRTioc4/w-d-xo.html
FYI... The FED just announced this week that DO NOT intend to raise the rate this year, this is a complete 180 from Dec 2018/ Jan 2018 as and will be different than the 1 of the 21 main points of the 2019 video. The reminder of the video is hold true through the 1st qtr of 2019 thus far.
Thank you again for watching!
Chat soon,
Andrew Finney
Bought a house dec 26 close . Total deal and had to Bruegel a million dollar loan at a high rate . Now fixing my home to out on . Wondering if I wait till feb or march . I want to get the most out if it
Foxy! !,
Congrats on your new home! Generally I recommend folks live in a home they buy for a minimum of 3- 5 years before selling to ensure they are in a good place financially for a great return. Are you flipper? If so, then watch the market trends in your area and and which zip codes are appreciating the quickest and what buyers are expecting from a flip home.
Thank you for watching and commenting!
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Andrew Finney Team e
this is your best video yet my man. you gave me a lot of good indicators to keep in eye on...i'll be using what I learn on the phone:-)
Hi Ardy Parto!
Thank you my man! Great to hear from you.
Working on better and better videos. Big change is on the horizon. Planning on shooting 4k and having the ability to get out from behind my desk!
Thank you for watching! Glad you enjoyed this video!
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Something needs to happen, what goes up must go down. Here in Denver Co damn 1br apartments shot up 100% in less then 5 years this is beyond ridiculous. I am not going to mention stand alone housing value.
Thank you for watching and sharing your observations with us!
Your right, whatever goes up must come down at some point. As it pertains to real estate prices, it's a matter of how much it goes down when it does go down. In the later part of this video I share a study conducted by Harvard on the bubbles and market cycles. Currently, from the indicators & data available, it doesn't appear that we're headed for a bursting real estate bubble anytime soon. In fact, the gentleman in the aforementioned study accurately predicted the 2008 meltdown back in 1997. They now suggest the next time the real estate market will go down is in 2024 barring any major war or other castorphre that can't be forecasted at this time.
From the time a real estate market bubble "pops" and the recovery process begins, it is building up towards another bubble. This is true of any industry and/ or market. It's simply market dynamics and the natural order of such things.
That being said, as mentioned in this video, it seems that the market should be more in a balancing process this year. In which, we should see home prices even out a bit and grow at a slower pace then the past 5- 6 years.
It's important to understand that bubbles like the crash of 2008 aren't common or normal. That was a complete collapse of many areas of the US economy not just real estate. When the market bottomed it rescinded back to essentially early 1980's home prices. So the rapid increase in home appreciation has really brought home prices back on par with where they should be over the past few years. At the same time, the real estate market cannot sustain continued rapid appreciation or it will ultimately go down.
In my assessment and opinion, before reading the study above, my thoughts were we will see a down cycle in the real estate market around 2023- 2025. So that report, by folks far more scholary than I am, validated my thoughts on the matter. Of course, none of us have a crystal ball to peer in the future, so we shall see what plays out at the end of the day.
The best time to buy or sell a home is when it makes sense to you and what you're comfortable with doing at the time.
Thank you again for watching and commenting.
Enjoy an amazing day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Yeah i agree.. but the minimum wage is set to keep going up till 2021, so i think homes won't go down before then, tho they have slow down.
Buyers are so dumb that they cannot co-ordinate a buying pause. However, the stress test (to some extent) will force a buying pause.
I was in Ft. Collins Colorado 3 years ago and a low quality 1 bedroom unit was renting for $1400 a month. That was entry level. A decent place ran around 2k. That town is enjoying student loan money in a big way. Let’s see how long it lasts. I was earning 30% less than in Washington on top of the much higher taxes so I had to get out of there.
*Real Estate market went up 55% in 2017, In 2018 January to March the market will increase 30% and will outperform 2017 before in crashes late 2018, early 2019* 😁😁😁
Hi prosperandbehealthy!
Thank you for watching and for sharing your thoughts with us.
The US housing market appreciated by 6.5% in 2017. See: www.zillow.com/home-values/
The 2018 forecast is for slightly more modest growth between 3%- 4%. The 100 year historic average US housing market appreciation rate is 3%. Here's a link to 50 year graph: www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp
This is in part, largely due to the increase of new home construction and rising mortgage interest rates. (Still historically low compared to the 1980's- 1990's)
Although none of us have crystal ball to foresee the future and one is strongly encouraged to due their own research, this video was made after a extensive research was completed and compiled weighing leading economists findings looking for the baseline facts, commonalities, and trends.
Please support your postulations with factual data.
Thank you again for watching!
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew FInney
Andrew Finney Team *Properties that I bought for $380k wholesale a year ago are now selling $550k to $600k wholesale and now $750k to $850k retail. A 2 family house near me just sold $2.9 million wholesale a week ago. I think the stock market is rigged and an anamoly. You can't be affected by its ups and downs. It will be like these are the best of times and everything is great before the rug is pulled out. Everything will fall where even gold and silver will be considered worthless*
Firstly, real estate did not go up 55% in 2017. Secondly, on a seasonally adjusted basis, RE will not increase by 30% this spring. Thirdly, the peak (IMHO) was set last spring.
I H *In the New York City 5 Boro Area it went up big time. In states where values are less, the growth varies.*
Great. When you say that RE went up 55% please clarify.
Hey great video. I'm in florida and they are building like crazy. I think the housing market will drop sooner than 2024. I say this because the market is so high and no one can afford tmto buy any thing so that will make the market crash sooner than later
Hi Crystal Terlonge,
Thank you for watching and for sharing your insights with us!
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
In Sarasota/Manatee County they are building like it's going out of style. Rents and home prices way up. Most average workers are getting priced out. When looking at all the FRED charts, in every debt sector we are reaching alarming rates. That has to correct at some point because people are debted out.. I think that in 2018/19, there will be some major corrections again. Lots of institutions have over built multi family and they will not be able to absorb a fall in Rents. If we do see another large correction then all these baby boomers will be downsizing very fast.
Rob Moffit,
Thank you watching and for sharing your very astute observations with us.
Yes, I agree with you... The real estate market is certainly due for correction. We're noticing corrections in the Las Vegas market depending upon the price range of homes. The most out of sync are homes priced under 220k. Those homes fly off the market as quickly as they come on. The current average sales price for a home in Las Vegas is hovering around 270k. The higher the price, the more correction is taking place. With builder's looking to answer first time home buyer's with new affordable entry-level homes, it should help to correct the market.
Time reveals all...
Thank you for sharing your insights with us!
Enjoy a splendid day!
-Your Real Estate Geek, Andrew Finney
Bingo. Debt always looks fantastic (and savy) when rates are dropping and asset prices are going up. It looks very foolish when rates are rising and asset prices are falling. Compared to last year, purchasing power just dropped by 20 - 30% (with 1% increase in rates and the stress test). Housing prices would need to drop 20-30% just to recoup last year's affordability!! Even then, there would still be a world class bubble. Try my stress test calculator: hague.x10host.com/stresstest/stresstest.html
The Baby Boomers as empty nesters are the biggest problem now facing the entire US real estate market and the stock market. I’m not sure how many real estate professionals actually think about a construction worker and in-home provider shortage forcing people over age 55 and up to make the critical decision to sell and relocate to living with a relative or a assisted living facility. The AARP has stated in a number of reports Baby Boomers are estimated around 76 million people an own around 34.4 million real estate properties an only 1% are designed and suitable for “aging in place”. This in my opinion is a disaster story in the making for a growing aging population that wants to age in place across the United States. I’m highly anticipating that “aging in place” won’t be the best option will for the real estate market to be flooded with homes for sell that will force a asset devaluation/depreciation super cycle to occur. The Fed. Central Banking policy makers in many individual interviews have stated they are most concerned with problems the aging Baby Boomers are going to unleash as they move into post-retirement are most likely going to raise interest rates as the Baby Boomers reach age 55 and up will be facing both a liquidity/illiquidity financial crisis from higher medical and assisted living expenses.
Today’s housing market is being driven by investors...i have never seen a real-estate office own over 50 house. Which means they own said property and can hold it as long as they like and price as they like... I was in the process of purchasing a home and my lawyer found out that property being sold by the real estate agent was owned by the real estate agent’s office it was news to me... I will wait for the bubble to burst... not going to over pay for made up investor hype
My prediction is that house prices in Australia will crash. ABS building approvals are heading down.
Charles Ponzi,
Thank you for watching and for sharing you prediction of the Australian housing market with us. Please keep us posted for our Australian viewers how the market plays out this year.
Enjoy a terrific day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Single house price for Calgary, Canada is only 1/3 compare to Vancouver and 1/2 compare to Toronto. There are 15% foreigner tax for Vancouver and Toronto. However, there is no foreigner tax in Calgary, Canada. Therefore, more people especially from Mainland China, Middle East, India, Vancouver and Toronto start from 2017 January would like to buy single houses in Calgary and the prices are from $500,000. Chinese like to buy single houses in inner city (near city centre) and R-2 zone (land size is 13x 38 sq meter) or above in order for future developers to buy those houses, demolish and build new houses. Average rental price for single houses is $ 1750. People from India and Middle East also invest in Calgary. The selling price in 2017 for single houses in R-2 zone and inner city are $ 50000 or more compare to 2016 or few years ago.
Ming lee,
Thank you for watching and for sharing your great insights with us about the Canadian housing market!
Very much appreciated!
Enjoy an amazing day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Capital gain tax rule on your primary residence has not changed under the new tax law
Neil Yang,
Thank for watching and for the correction. Yes, you are correct.
Hundreds of thousands or Realtors and likely millions of other people petitioned to ensure the real estate capital gains tax rules for a primary residence didn't change.
At the same time, in conversation with my tax accountant and listening to what other tax accountants have to say, it seems there is a lot of changes under the Trump Tax that isn't yet fully understood or known how it is going to look in practice just yet.
For now, it does appear the current real estate capital tax gains rule for primary residences is safe. Whew! That's a huge a relief. All of us work too hard to lose this massive benefit.
Neil, I will do more research on the matter and make a new video specifically about what is currently known about how the Trump tax impacts real estate. I certainly welcome any feedback you have on this matter and any insights you would like to share.
Thank you again for watching and for commenting.
Enjoy a wonderful day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Recommend turning the background music down.
Also pace your speech. Hard to follow.
Hi Tannon Roberts!
Thank you for watching and for your great suggestions!
Quick question... In your opinion does background music throughout a video add enjoyment for you when watching videos or take away from your viewing pleasure?
I'll continue working on my rate of speech to slow down a bit. You can also click on the gear icon at the bottom right of the screed to adjust the rate of speech. =)
Thank you again for watching and sharing your great suggestions! Really appreciate your honesty!
Enjoy an amazing day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Hi Destiny tran!
Thank you for watching and for sharing your thoughts with me.
I'll continue to work on my rate of speech. Please check out some of my newer videos and let me know how I did. (New videos are released M- Saturday at 10am)
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Good information, but the background music is distracting....
Hi Val Clemens,
Thank you for watching! It's great to hear from you!
Really appreciate your input on the background music. Shortly after this episode I reduced the background music. Let me know what you think.
What would you like to see next?
Thanks again for watching!
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Would you be interested in having an intern for a couple of months? I bumped into one of your videos literally yesterday and I'm like, 9 videos deep.
If you're at all interested, please let me know
Hi Julian Darrows,
Thank you for reaching out and for watching my channel. =)
Please email your phone number and best time to reach out to me at: Andrew@AndrewFinneyTeam.com
Looking forward to chatting with you soon.
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Thanks for the video. Very balanced view. I see too many videos that are leaning towards either extreme. Such as bubble is about to pop or this is not a bubble and will go on forever.
D L,
Thank you for watching and for your kind words. You're absolutely right!
It does seem that either videos are about this topic are like an ostrich with their head in the sand or doomsday sayers playing chicken little.
I did a lot of research for this video to ensure it was as balanced, accurate, and as objective as possible. Really appreciate your comment!
Please let me know anytime you have an idea for a new video.
Wishing you and yours an amazing 2018 full of love, peace, prosperity, and perfect health!
Thanks,
-Your Real Estate Geek, Andrew Finney
It's not the views that are extreme. It is the valuations. Pick a valuation - any valuation. The GTA is off the charts on both a historic and international basis. Again, the extreme views are a reflection of the extreme valuations.
Very good video it is very informative thank you.
Maria Valle,
Thank you for watching and for your awesome comment! I did a lot of research prior to making this video. Hope that helps to provide you and everyone watching with insights into the current real estate market trends and what we'll likely see play out in 2018.
Anytime you have any questions or have an idea for a new video, please let me know.
Enjoy a superb day and an amazing 2018 full of peace, love, prosperity, and perfect health!
Thanks,
-Your Real Estate Geek, Andrew Finney
Definitely a bubble man, right now even Bay Area/Silicon Valley where good engineer can easily make over 300k per year, I’m living in Bay Area, housing starts cooling down, when interests rate keeps going up, the housing market will turn to a buyer market. Not mention rising interest rate will do for the already high stock market.
Great background song...but please turn it down even more when you’re speaking next time. Good luck and thanks for your work
kikyoass,
Thank you for watching and commenting.
You know, I'm actually very happy that you shared that with me. I reduced the background sound in this video from previous videos based upon comments as well. Check my newer videos and let me know what you think about the background music please. I further reduced the music recently.
Would love your input.
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
I think it's totally fine, FYI.
Hey RE speculators. Take a look at the 10 year bond rate.
Hi I H,
Thank you watching and your sharing your thoughts with us.
Enjoy a nice day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Holy cow slow down! Builders of new homes cant find workers. This was a well known dilemma going into 2018. This will drive up prices and slow down those sales so we’re back in the same price dilemma caused by demand and low inventory. Millennials don’t want to do physical work and have not been training in the construction industry. The older and very experienced tradespeople will be able to name their price. My husband is in the construction trade and has been for decades. He sees almost no new young bodies working in the field. He has benefited greatly from not having to compete for work. This drives up renovation and construction costs.
Hi Janette Lavender,
Thank you for watching and for sharing with us!
Working on slowing my rate of speech a bit. You can always slow me down to your pace by using the video settings speed function. =)
What would you like to see next?
Btw... I go live on Wednesdays! =)
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
I've been a broker in Ca for 16 yrs just not active . I'm an investor .
Foxy! !,
Thank you for the clarity. Makes more sense now from your previous comment. As an investor, are you focused on a buy and hold strategy (rentals) or flipping?
In either case, it's best to always know which zip codes/ communities are appreciating the most and which aren't. As a CA broker of 16 years, use you title company contacts and ask them for zip code appreciation data to assist you in reaching your real estate investment goals. Every ounce of knowledge you can get, will ultimately assist you in making the best decision possible for your business and comfort level.
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Andrew Finney Team I bought over 14 rentals when we crashed , sub of Los Angeles 50k range , and rented and now carry some at 200k sell price . Vegas condos 22-22k I paid in 2011. But this correction is different with cash buyers and more akin in the game . Supply and demand in so cal . I'm coastal and we have little room to build . When we crash it will be massive . I think we are good till late summer . As you've said unless major political or economic conditions .
Must admit bridging a loan is scary , but I don't want to sell in fear . Staging a home makes a big difference . Thanks for the videos . Maybe one in staging and how much more people get . Oh for me I can buy something ugly and know paint cures most issues . Many people want turn key , People need more vision and will save a ton of money seeing Thur petty things . Peace
Hey Foxy! !
Wow! Thank you so much for sharing your experiences and observations with us!
Sure thing! I'll get a video out soon about home staging vs not staging and how the price is affected.
Thanks again for watching!
Enjoy a great day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Good stuff Drew.
Hugo Villalpando,
Thank you for watching and for your support!
I'm always here to help!
Enjoy an excellent day!
Thanks,
-Your Real Estate Geek, Andrew Finney
Younge corridor and adjacent streets are not going down on prices and rents.On every year ,city and province raise property taxes, fees etc.They are very creative to screw up people.Landlords, builders, renovators,investors, follow the nobody's,i mean ,so called politicians. These no employed people create the misery.Looking for a fast pension.Inflation going up .Prices going up.
It is hard for people living in toronto.They want world class city.They got it.
Hi Frank Ribeiro,
Thank you for watching and for sharing your insights with us.
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
The economy is worse than 2008 so I don't see why it would get better. It always looks great before the fall.
Yeah entry level at 300k