NEW HOUSING REPORT: THIS IS GETTING SCARY!

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The National Association of Realtors just released a new housing report showing the number for October 2020. This report shows that home inventory is down for the 5th straight month in a row but the number of home sales has gone up. This lowering inventory but increase in buyers has driven home values up 16% since this time last year.
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Опубликовано:

22 ноя 2020

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Комментарии : 119

@MalcolmLawsonREALTOR 3 года назад

🏠 Watch more real estate market update videos ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-WtSIibmamwQ.html&ab_channel=MalcolmLawson-REALTOR

@pigjubby1 3 года назад

As a first-time buyer, the home market is greedy and out control, everywhere. I hope there is a massive collapse, so we can see some realistic home prices.

@chrishart8548 3 года назад

If anyone wants to buy a second home they should have a good reason or have to pay double the price. Homes need to be homes and no longer investments

@monicamatthews2960 3 года назад

Over pricing to charge higher homeowners taxes and insurance....crazy.....I swear....every day I get about 5 calls a day asking me if I want to sell my house for cash, no thank you. I will be finished paying off my house by early 2024, can’t wait to be mortgage free.🙏🏽

@mostlyoptimistic9362 3 года назад

Mortgage free but still have to pay thr big tax $😖

@cj2842 3 года назад

This is awesome!!! Congrats!!!! We’re debt free! Lots of sacrifices to get here.... but so freaking worth it.

@ugladden 3 года назад

This guy literally said the same thing 20 different ways....

@johnculbertson8844 3 года назад

Not one word about the eviction and foreclosure moratorium ending next month

@donaldbiden9492 3 года назад

What if it's extended?

@Openminded4life 3 года назад

These prices don't reflect the jobs out there. So hope it does crash because a correction is needed!

@markalford5406 3 года назад

The housing market always lags behind the economy, by next year shit is going to hit the fan with all the job loses. Better tighten your shoe laces it’s going to be a bumpy road ahead.

@pigjubby1 3 года назад

Yup. People are buying $400K-$600 in a panic, thinking it will get higher. Sellers are hoping it will get higher but once the virus settles and the same jobs are no longer here, there will be new ghost towns.

@captainhargrove113 3 года назад

On October 9th my neighbor 2 doors down listed their home for 88,500. It went under contract October 13. On October 27th it sold for 144,000. 55k over asking. They had 6 offers day 3. We are looking to buy in the spring, I hope this is not what we are up against in buying, however it would be nice when we sell our current home.

@johndahl9929 3 года назад

It's about time one starts looking out for more opportunities. I need a recommendation. My wife and I own 12 rental houses and we buy one opportunity house every year. I feel we need to diversify in other types of investment to earn more money. Thanks

@leonardn9621 3 года назад

There are opportunities in basically all the top financial markets. But you probably should hire an investment advisor, if you really want to make the best out of this.

@johndahl9929 3 года назад

@@leonardn9621 You got recommendations? Thanks

@leonardn9621 3 года назад

@@johndahl9929 I use the services of a FINRA broker Monica Sullivan Javorcic. I mirror her trades and diversification to my brokerage account(algorithmic trading) and I pay 10% of monthly returns as fee.

@theoriginals6491 3 года назад

Hey I ran a quick check on Monica Sullivan Javorcic and I saw her certs. She seems checked out. Is she that good? I want to mail her via her official website.

@johndahl9929 3 года назад

@@leonardn9621 Do you copy these trades and diversification manually? I only know real estate all my life.

@SS-cc8wr 3 года назад

Our pay does not increase enough to cover the higher mortgages or rents!

@patrickbritton4082 3 года назад

@Kevin Schmidt lowering rates CAUSES home prices to increase. Guess what happens when rates go up...and they will have to at some point.

@badactor3440 3 года назад

you are correct however, falling interest rates cover the increasing costs of homes

@silverfox6856 3 года назад

My health insurance just went up $100/month and I live on a fixed income and have been looking for a home to buy but will wait as I think home prices are so inflated. Saving cash now so if market drops And interest rate increases prices will fall and I will purchase. My goal is to put down a large down payment then focus on paying down mortgage as soon as possible so interest will not be a huge issue. (Note: a great calculator for mortgages is Karl’s calculator (app). It let’s you play with different scenarios of figuring out your amortization table plus let;s you allow for pre-payment of mortgage so you can see how fast you can pay off mortgage if you throw additional money at it.)

@chexmix0101 3 года назад

My job froze raises because of covid yet covid had little to no affect on are business just some bs excuse.

@SS-cc8wr 3 года назад

People are having to get co-signers to even rent an apartment or home! What? Housing to way to expensive now! People can't afford to live. This is why the homeless rate will increase!

@fluent_In_finance 3 года назад

Thank you Malcolm! As always, great content. This question is off topic, but- have you ever had to sell a home that was in a great neighborhood but the house didn't look nor feel its actual value (look & feels less, though it is worth a lot) in this situation, would you list the house for less and create some bidding interest or just let it sit until one of these buyers get it?

@Abyssdeus 3 года назад

Yeah, low interest rates are great. BUT the biggest concern is how the housing market is outpacing inflation so dramatically that the next generation won't be able to afford a home. Covid is child's play compared to the massive problem no one is addressing.

@davidsmithson22 3 года назад

Real estate markets a regional, also interest rates are significantly lower than last year. The bubbles need to be identified in a regional area… Not Nationwide

@ThreePuttBogeys88 3 года назад

I think he has missed some key problems. 1. The eviction and foreclosure moratorium will not go forever and it may end in two weeks. 2. Property taxes and which are usually paid within a mortgage are not included in the moratorium are going to come due in their entirety at the end of the year. 3. There is no sign of stimulus ahead and the current proposal in congress will not give people cash assistance. There is a crash coming. We may not see the full effects for another year or so but it's coming. The tsunami usually hits after the earthquake has calmed. We are still in the middle of the earthquake.

@jeffotoole4509 3 года назад

All the pull ahead buyers will exhaust itself. Guessing by summer. Normally during a recession which we are in a modern depression the interest rates drop 5%. 1 percent will bring out a few buyers but long term buyers will be scarce. We will see though.

@Real.Estate.Report 3 года назад

We may be seeing a correction or a slowdown, but I'm not forecasting a collapse anytime soon!

@silverfox6856 3 года назад

@leeackerson2579 3 года назад

The way you are analyzing the housing market is as if the fact that 19% of American corporation are headed for bankruptcy and the real unemployment is approaching 20% are not factors. All said and done, those factors will eventually swamp any "normal" analysis of supply and demand.

@666gene 3 года назад

The cash rate in the US is basically 0 right? how can rates go down any further?

@michaeljames6970 3 года назад

Well you would think 3k deaths a day would add to the inventory level.

@shaneskywalker7945 3 года назад

Not if the banks hold on to it and not list it. They are creating the shortage.

@frankdevers7941 3 года назад

Makes no economic sense. They are not in real estate business. They sell houses as fast as they can.

@robinbobin4127 3 года назад

All realtors say the same lies to consumers to drive prices higher. Prices actually much lower without realtors involved. And in current economic downturn only speculators drive prices up. Look at stock market, for example. All points to CRASH.

@TascamTascam 3 года назад

Exactly

@ramirez4898 3 года назад

I been watching housing market videos for a few weeks now, but no one i seen, has pointed out big companies purchasing multiple homes in several areas. I feel regular people are competing with large companies also. I would like to know what do you I think about this area. Thank you for all the info you put out.

@MalcolmLawsonREALTOR 3 года назад

Interesting, I actually have not heard about that. I'll do some research in that.

@Jwiznat 3 года назад

@@MalcolmLawsonREALTOR institutional funds are raising billions for single family rental home investments (primarily in the sunbelt).

@bhilbert11 3 года назад

@@MalcolmLawsonREALTOR I think Invitation homes is the biggest player buying large numbers of SFH.

@frankdevers7941 3 года назад

Corporations own over 1 million private houses which they rent out

@jimvautour595 3 года назад

It would viewers to mention where in the world you live & are speaking about. On each video plesae. I like your take on things in general. thanks, Jv

@rts3613 3 года назад

What about the 3.5-4 million homeowners that are currently in forbearance. As soon as the government protections end there will be millions of homes in foreclosure causing a housing crash. The only hope is that people are choosing not to pay their mortgages, rather than "can't" pay their mortgages, and will resume paying when the time comes.

@yolandamcclendon112 3 года назад

What about new builds? Will they be able to keep up?

@badactor3440 3 года назад

I've been saying it all along, property values will continue to increase until mortgage interest rates and inventory reverse direction, regardless of demand. Sad but true.

@jd218 3 года назад

Moratoriams are on parr. With 08 evictions.unemployment is also bout same.diff is home are rising allowing people to sell and take a profit.refinance at all time low rates or use a heloc loan to catch up payment

@MartinezRE1 3 года назад

Interest rates are going down Mortgage prices are going up Affordability is going down Available homes are at a minimum Supply and demand, anybody that buys a house at these prices is out of their mind it is not worth it

@menguardingtheirownwallets6791 3 года назад

Yes, and toilet paper is selling on eBay for $200 for a 12-pack. That's because you can't find any in the stores = Supply and Demand.

@jacobsullivan8311 3 года назад

Tagline; "THIS IS SCARY" Comments below; "I am confident in five years values will be MUCH higher". Pick a side Malcolm.

@starr8111 3 года назад

What about commercial real estate

@SS-cc8wr 3 года назад

Who has money to buy a house? Only the rich and wealthy!

@MT-qq6id 3 года назад

I'm wealthy and rich in the Lord! I bought a house this year , because it was cheaper than renting

@badactor3440 3 года назад

and those with good credit scores. It's all about access to credit!

@TascamTascam 3 года назад

This is the same $hit that happened in 2006. "Buy now or be priced out forever" said the realwhores. Wait until this market crashes

@z978ady 3 года назад

Have heard stories of lumber in demand for Asian building projects - not sure how broadly spread across Asia it is but China is building again. It is expensive to build at new material prices, but older homes have hidden value - when available. Would think housing has more upside.

@ericchristiansen7246 3 года назад

I have a few friends that did a refinance and they snatched their equity and started buying stuff.

@mostlyoptimistic9362 3 года назад

Just curious, what kind of stuff did they purchase?

@citydrums7525 3 года назад

@@mostlyoptimistic9362 Waffles & dumplins' opinionwatcher.com

@fluent_In_finance 3 года назад

@@citydrums7525 😂😂

@ericchristiansen7246 3 года назад

@@mostlyoptimistic9362 Cars, and fun stuff.

@mostlyoptimistic9362 3 года назад

@@citydrums7525 🤣🤣

@nickyc1784 3 года назад

Something that has been accurate is precursor to the crash cities ( nyc miami chicago LA ) they all start loading up on defaults and start price falling before everywhere else. FACT that this is happening.

@kenprice2793 3 года назад

2 different market Detroit market and Silicon valley market Quite a difference

@thomaskauser8978 3 года назад

The mortgage is going to become a hot potato and than freezes up creating a re-visit of the '08 crime scene?

@AY-br7pv 3 года назад

Guessing the FED will pay for all of our mortgages in 2021

@robertocarrasco3794 3 года назад

Good luck lol

@Doty6String 3 года назад

How is this happening!?!

@scotthesse7738 3 года назад

The increase in the value of real estate is just in time for the tax man to increase the appraisal on homes to increase real property taxes.

@ruthiebabe5007 3 года назад

In a renters stand point I think it will even out renting vs buying there might not be much difference.

@123lou4444 3 года назад

Good info :)

@TascamTascam 3 года назад

No it isn't. It's a pack of lies

@ruicarson4018 3 года назад

Some saying house boom selling fast..sell for 10 million 2 milion above the....new home owners buying fast gov.listfull well What is really happen..? NEW YORK HOUSES COMERCIAL RENTALS DOWN 80% WHO WANTS PAY HIGHER RENTS SOME BUSINESS NEVER OPEN AGAIN

@andybelov534 3 года назад

Good info but get rid of all background sounds. They don't add any value but are annoying!

@georgeabek7603 3 года назад

That clicking sound at the end is annoying.

@MalcolmLawsonREALTOR 3 года назад

Thanks for the feedback.

@cristalcrystal2487 3 года назад

Everything is so stupid at this time, I don't get it. Ridiculous.

@OneRentalataTime 3 года назад

Any interest in being interviewed on my RU-vid channel?

@sironeil-personalfinancere9367 3 года назад

am I the only one who's scared?

@allpraisetothemosthigh7770 3 года назад

Don't be

@barbarajohns8288 3 года назад

Look up the death charts...nothing to worry about. You have a 99.9 percent of surviving. Fear the Democrats as they are the new Nazi's putting us in house jails.

@allpraisetothemosthigh7770 3 года назад

@@barbarajohns8288 Exactly.. the government uses the "media" to keep everyone terrified so that they can be manipulated. I see right through it all.. sounds like you do too.

@fahrudincatic7363 3 года назад

Bubbles everywhere in us economy...all we got.

@okthennone 3 года назад

So don’t buy a home?

@MT-qq6id 3 года назад

@BubonicTonic Those homes will be bought in bulk by hedge funds and corporate i buyers like open door, zillow, off market so they won't have an effect on prices.

@mostlyoptimistic9362 3 года назад

@BubonicTonic That big "when" ahhhhh I wish someone can figure that out!

@ruthiebabe5007 3 года назад

I would wait houses in my area we’re selling 10-15k above asking price now they are dropping. But every area and your situation is different. Do what makes sense for you and check your area.