Тёмный
No video :(

PREPARE | House Prices Are NEVER Going Down 

Jeb Smith
Подписаться 110 тыс.
Просмотров 9 тыс.
50% 1

The Housing Market is long over due for a correction with house prices rising over 40% within a few short years. During this same period of time, inventory has increased along with mortgage rates pushing housing affordadbility to the worst levels we've ever seen. That means a housing crash is right around the corner, right? Not so quick............The housing market doesn't flucuate like a stock for many reasons, in fact, house prices are sticky to the upside. In this video, I discuss why house prices are sticky and what would cause house prices to drop!
⏩ The Housing Market Is Finally SHIFTING - • The Housing Market Is ...
HOME BUYER RESOURCES:
✅ - Work Directly with My Team (Mortgage and Real Estate Nationwide) - www.jebsmith.ne...
🏠 - First Time Home Buyer Course - bit.ly/4clhsse
✅Subscribe to my local newsletter - bit.ly/48LJJp3
🎙- The Educated Home Buyer Podcast - ​⁠‪@TheEducatedHomebuyer‬
Spotify - open.spotify.c...
Apple - podcasts.apple...
Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Real Broker
➡I N S T A G R A M ➳ / jebsmith
➡T I K T O K ➳ www.tiktok.com...
#housingmarket #firsttimehomebuyer #realestate

Опубликовано:

 

25 авг 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 130   
@JebSmith
@JebSmith 2 месяца назад
⏩ The Housing Market Is Finally SHIFTING - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Kp9Yc9tb8ho.html ✅ - Work Directly with My Team (Mortgage and Real Estate Nationwide) - www.jebsmith.net/referral 🏠 - First Time Home Buyer Guide- bit.ly/4clhsse
@eduardo88
@eduardo88 2 месяца назад
those videos full of bad news are all over RU-vid. Not only about real estate. It’s a giant hysteria market
@JebSmith
@JebSmith 2 месяца назад
Unfortunately
@AlexKroust
@AlexKroust Месяц назад
@@eduardo88 Rapture is coming! Prepare!!!
@NativesunrealtyJacksonville
@NativesunrealtyJacksonville 15 дней назад
So true. It's been going on for years. I feel bad for anyone who listened to the advice of these people. I see the same guy telling people the sky is falling. They prey on peoples the fear of losing rather than the prospect of gain.
@BangMaster96
@BangMaster96 2 месяца назад
Home is always a depreciating asset, it always requires maintenance and upkeep. It's the LAND that is the asset. Cities with lack of space for new constructions, and higher population density will not see a Housing Market crash.
@Jack-pd4ps
@Jack-pd4ps 2 месяца назад
Those crash videos are the reason some people are priced out and are stuck renting.
@JebSmith
@JebSmith 2 месяца назад
💯
@Ospery157
@Ospery157 2 месяца назад
The Fed also kept rates too low for too long, so people assumed home appreciation was normal. And now home prices are at historic highs as well are property taxes and insurance. I'm a millionaire, and so my brother and we both are no way we'd purchase a home right now.
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
@@Ospery157 Why not buy now? Prices will be higher in 2030. -Curtis Loew
@Ospery157
@Ospery157 Месяц назад
@@user-dn5ud1cr3b Prices are way too high and that's not including home owner's and property insurance. That is too much debt leverage. And by no means is my money/investments static, with my C.F.P. I've made strong gains in stocks, bonds, and other investments for years. So why would you tie money up in a home right now that is technically overvalued? My brother is in the same situation and he's an ophthalmologist with much deeper pockets than I.
@benjaminwlang
@benjaminwlang Месяц назад
People are priced out because of prices and higher interest rates.
@jamesosteen09
@jamesosteen09 2 месяца назад
My issue is we've never seen house prices rise so quickly in such a short period of time. Same thing with regular inflation rising. We've also never seen a pandemic that shut down the world's economy like it did in 2020. So I think the "norm" really doesn't exist here. Inflation has come down and housing (while more sticky) is coming down in many parts of the country. I know "overall" the avg price is still up, but in many areas its coming down and homes are sitting a long time with price drops. I don't think this level of unaffordability is sustainable. Credit Card debt has sky rocketed in the last 3 years, balances at all time highs, delinquency rates are increasing, "serious delinquencies those over 90 days" are at the highest levels since 2010, and the real alarming thing is phantom debt which we're not really tracking (these buy now pay later loans and splitting up purchases into payments - these have also skyrocketed). Depending on what survey you look at anywhere from 70-90% of Millennials since 2022 regret buying their home. This isnt sustainable. I'm not saying housing will crash and drop back to 2019 levels, but I think it will adjust and come down just as inflation on other goods and services have. We really messed things up with the way we reacted to Covid and unfortunately it's going to take many years to recover from it.
@discorabbit
@discorabbit Месяц назад
We never printed money like that before.
@jamesosteen09
@jamesosteen09 Месяц назад
@@discorabbit that too.
@signalmanfive2127
@signalmanfive2127 Месяц назад
I thought this was a pun video. It looks like you're serious. The party is over. Florida is going down now and Texas, Arizona and Vegas next. Took 5 years to hit bottom last time, maybe 2-3 years this time. Optimism is good... this has gone on too long, head for the door while it's still open.
@benjaminwlang
@benjaminwlang Месяц назад
He talks about lack supply but doesn't talk about how people can't afford these prices. Unless wages go up drastically, I don't see how this is sustainable.
@NativesunrealtyJacksonville
@NativesunrealtyJacksonville 15 дней назад
@@benjaminwlang He also said you may see a move sideways. In Jacksonville Florida our rate of apprciation has certainly slowed with a year over year price gain of just 1.67%. That is a modest gain but it's not a crash or even a price redcution. Supply and demand is the only thing that moves prices.
@Heather-db6wq
@Heather-db6wq 2 месяца назад
Except they are already going down all over Florida.
@EMPTORADVOCATE-gt4rb
@EMPTORADVOCATE-gt4rb 2 месяца назад
Nothing wrong with renting better than buying an over priced home and being told you will beable to refinance no you will not because your home is going to depreciate you will owe more than it is worth.What goes up always comes down watch!!
@JebSmith
@JebSmith 2 месяца назад
I love that comment but home prices have been increasing on average 4.6% for the last 65+ so the idea that home prices have to go back down just because they are out of reach for some doesn't hold true, that's why your grandparents were able to buy homes for substantially less than today. Prices aren't going back to those levels. As long as you have inflation, you have price growth.
@EMPTORADVOCATE-gt4rb
@EMPTORADVOCATE-gt4rb 2 месяца назад
@@JebSmith We have been in a housing bubble since 2014.That means inflated home prices that is why people get priced out of the market.
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
@@EMPTORADVOCATE-gt4rb You don’t know much. You sound like a chick on a podcast who just won’t admit she is wrong. No crash. Actually prices going up until 2030. Beware! The reason for the ‘08 crash? Bad loans. Not prices. Not interest rate. Not incomes. All these issues are gone.
@EMPTORADVOCATE-gt4rb
@EMPTORADVOCATE-gt4rb Месяц назад
Wait and see!!!
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
@@EMPTORADVOCATE-gt4rb How long shall we wait? Within, say, a year… go girl!!
@jeffbox1torres
@jeffbox1torres Месяц назад
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
@DannielleRosales
@DannielleRosales Месяц назад
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
@DannielleRosales
@DannielleRosales Месяц назад
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
@BestoFornitero
@BestoFornitero Месяц назад
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
@BestoFornitero
@BestoFornitero Месяц назад
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
@kristenxmarie00
@kristenxmarie00 Месяц назад
Sounds interesting. I was planning to invest in some cryptocurrencies, save and quit for a few years, but when I saw this, my mind changed. Thanks a lot
@andredaedone7732
@andredaedone7732 6 дней назад
Real assets are good to own, especially during times of high inflation.
@Bridin84
@Bridin84 2 месяца назад
BUY HIGH AND SELL LOW!!! PRICES WILL NEVER GO DOWN GUYS. BUY BUY BUY😂😂😂
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
Prices fluctuate seasonally. Prices will be higher in 2030 than today. I will buy a house that you can rent from me. Deal?? 😂😂
@reneelibby4885
@reneelibby4885 Месяц назад
They already are going down. Not saying crash. But peaked for sure.
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
Where do you live. State is sufficient.
@InventiveFilms
@InventiveFilms Месяц назад
Finally someone who is logical! Good content
@JebSmith
@JebSmith Месяц назад
Appreciate it.
@quangvu4361
@quangvu4361 2 месяца назад
Jeb how much is your home worth now
@davidhicks982
@davidhicks982 2 месяца назад
Nice video Jeb! It’s annoying hearing all the market domesdayers! Appreciate the info
@kyoung5600
@kyoung5600 2 месяца назад
Nick Gerli, Michael Bordenaro and the guy in real estate mindset all real estate bears hoping for a big crash. And there's another dude named Graham Stephan is also mildly a real estate bear, lol
@Jack-pd4ps
@Jack-pd4ps 2 месяца назад
Micheal Bordenaro bought a condo around 2021 while encouraging people to wait for a crash. Real Estate Mindset is looking to buy but always preaching about the crash and seems negative to home ownership.
@JebSmith
@JebSmith 2 месяца назад
I respect what Graham does as he provides data and essentially backs up what he says while the other three are playing on playing on people’s fears
@user-zk6fc3dw9e
@user-zk6fc3dw9e Месяц назад
Travis is just mad he missed out on "buying the house of his dreams" in 2020 or 2021, back when interest rates were low and payments were reasonable. Travis is literally telling people this is the worst time to buy right now while submitting offers. He is such a hypocrite.
@kyoung5600
@kyoung5600 Месяц назад
@@user-zk6fc3dw9e They're all white dudes
@JavierHernandez-qf7nm
@JavierHernandez-qf7nm 2 месяца назад
😂😂 you lied everyday to make content ! And yes jeb we know your basics ! If its the right time for you ! If you are financially stable 😂😂
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
You sound like a real estate genius. I believe house prices will continue to rise until 2030 at least. My thinking is that according to Robert Deitz of NAHB, new home builders have not kept pace with population growth since 2010 AND they are short every year. Why? Because of the 5 Ls necessary. Shortages of land, labor, lending, lumber, and legal (permits). Please critique my thoughts. Thanks! -Curtis Loew
@VR_investments
@VR_investments 2 месяца назад
We are going to balance around 6- 700k
@Nournourhayati409
@Nournourhayati409 Месяц назад
For sale by owner directly a single family home 15 min away from downtown orlando look at zillow FSBO Hamlet Dr Maitland, FL title company takes care of everything and saves the buyer and the seller commission
@crimson.source
@crimson.source 2 месяца назад
You are the first one who is starting to see what is actually going to happen with the home market. Good job man. This is on the extreme and simplistic side but, 100 million renters = demand . Less than 1 million homes available = Supply. This only ends one way, prices go 📈
@JebSmith
@JebSmith 2 месяца назад
Time will tell but I can't see prices moving very much to the downside without considerably more inventory.
@patrisio3
@patrisio3 Месяц назад
The question is how high? If 1 million homes are priced at minimum $1.5 million each, but the 100 million renters can only afford (even with voodoo math) up to $1 million, the demand for those 1 million homes is basically 0. But if those homes are priced at $1 million (or less), the demand is sky high. The demand for housing is really about demand for what can really be afforded. No one really knows what will happen because the country hasn't been in a situation like this. But my guess is that prices go up to a certain point and then flatline for a long time before moving up very slowly at a more normal common sense pace while the finances of the masses grow.
@crimson.source
@crimson.source Месяц назад
@@patrisio3 I agree with everything you said. 87% of Renters can't afford a median priced home currently. When that gate gets push down to, lets say 80%, 7% of demand will be able to afford a home and will more than likely jump on the opportunities as scarcity is absolutely visible in the housing market. I do also agree, Prices will go up, peak,, flatline for 10+ years before we see positive growth again. Obviously, there are factors that could change this prediction widely, such as WWIII. So only time will tell, but based on current situation, this is my opinion on the outlook.
@Here---Now
@Here---Now 2 месяца назад
8:46 but that might change bc of AI
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
My comment before watching your video (I warn elsewhere): Buy now!!! New home builders have not kept pace with population growth since 2010. Prices will continue to rise until at least 2030. Buy now or rent forever! -Curtis Loew
@jeffbox1torres
@jeffbox1torres Месяц назад
As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
@JohnWilliam.rr6
@JohnWilliam.rr6 Месяц назад
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
@JenniferLyn1919
@JenniferLyn1919 Месяц назад
Oh really? Tell me more! Always interested in hearing stories of successes.
@JohnWilliam.rr6
@JohnWilliam.rr6 Месяц назад
This is what Ana Graciela Blackwelder does, she has changed my life.
@JohnWilliam.rr6
@JohnWilliam.rr6 Месяц назад
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
@JasonScott_tt
@JasonScott_tt Месяц назад
I know Ana Graciela Blackwelder, and I have also had success...
@JasonScott_tt
@JasonScott_tt Месяц назад
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Ana Graciela Blackwelder.
@jeanah685
@jeanah685 Месяц назад
Hmm. Homes sitting on the market for months. Prices lowering on homes that are overpriced. People losing jobs. taxes and insurance going. Landlords dumping their portfolios. People living on credit cards and draining 401ks. Exactly how are people buying these houses that you say won't come down?
@user-zk6fc3dw9e
@user-zk6fc3dw9e Месяц назад
Average people aren't buying, but homes are still selling. Owning real estate is seeming like it will be one of those assets that will separate the classes in the future.
@eliot5220
@eliot5220 Месяц назад
The thing that people don’t understand is everybody is not in the same boat. A lot of people are doing well. So they can still buy.
@roddyrod583
@roddyrod583 2 месяца назад
Well, I'm in Rancho Mirage and I'm seeing prices falling.
@JebSmith
@JebSmith 2 месяца назад
falling? send me a few examples. The only homes I see reducing prices are those that are priced too high but the desert is unique and that it's a big 2nd home market and with rates this high those markets are doing as well.
@roddyrod583
@roddyrod583 2 месяца назад
@@JebSmith Homes in my gate. Look at the sale history of 70 Via Del Pienza, Rancho Mirage, CA 92270. Or compare the sale price of 51 Via Del Rossi, Rancho Mirage, CA 92270 to 62 Via Del Pienza, Rancho Mirage, CA 92270 (same floorplan and both with a pool).
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
How many houses have lowered prices? 25-35% with drops is MORMAL.
@user-dn5ud1cr3b
@user-dn5ud1cr3b Месяц назад
@@roddyrod583 I just researched your claims. A) first house did sell higher in 2022 at the peak of the market then sold for a loss (divorce, transfer, death, we know not why). B) total fabrication, the house was last sold in May of 2022 C) I went through recent sold of Rancho Mirage and only your one example shows selling at a loss D) recant E) remember facts over feelings -Curtis Loew
@roddyrod583
@roddyrod583 Месяц назад
@@user-dn5ud1cr3b who are you? Haha. I don’t ask for your opinion. It’s for Jeb to answer. You’re just a fart in the wind.
@nspencer257
@nspencer257 2 месяца назад
I feel like anything could happen - but people saying it's going to crash because people have to have a place to live makes absolutely no sense. You can rent, you don't have to buy to have a place to live. I have a personal prediction that we're heading toward an era where buying homes will become less common and renting more common. But I could be wrong. I don't think anyone can accurately predict where this crazy is headed.
@nataliemartinez351
@nataliemartinez351 2 месяца назад
We're gunna have a lot of homeless people the way this rent is looking. 1500+ on a 2 bed 1 bath. Then we have to increase the minimum wage. Which will raise everything yet again
@nspencer257
@nspencer257 2 месяца назад
@nataliemartinez351 yes that will also be a problem.
@bop321
@bop321 2 месяца назад
Your voice makes me sleepy everytime I watch your videos
@JebSmith
@JebSmith 2 месяца назад
that's not good...........you have to listen at 2x speed, that's what I do. 🤣
@bop321
@bop321 2 месяца назад
@@JebSmith 🤣🤣
@LG-tw5vm
@LG-tw5vm Месяц назад
So, for the first time in history, homes are NOT going to go down? I'm going to take the side of history and call BS on this one. Unemployment will rise astronomically and this will ultimately CRUSH the housing market.
@user-zk6fc3dw9e
@user-zk6fc3dw9e Месяц назад
Fair enough. Call your timeframe for how long it will take for real estate to crash. If it doesn't happen in that timeframe, admit you were wrong and never take advice from doomers on RU-vid again.
@LG-tw5vm
@LG-tw5vm Месяц назад
@user-zk6fc3dw9e Housing prices have already gone down around the majority of the country. Exceptions are California, NY, and the northeastern states.
@user-zk6fc3dw9e
@user-zk6fc3dw9e Месяц назад
@@LG-tw5vm The median home price across the country just hit another all-time high. Pointing out a few markets where prices are down 1-3% does not prove a crash. In fact, it proves the opposite. Again, name your timeframe for the crash (% down) you want/need/pray for. If it doesn't happen by then, admit you were wrong, and stop listening to doomers on RU-vid.
@Nournourhayati409
@Nournourhayati409 Месяц назад
For sale by owner directly a single family home 15 min away from downtown orlando look at zillow FSBO Hamlet Dr Maitland, FL title company takes care of everything and saves the buyer and the seller commission
@jeffbox1torres
@jeffbox1torres Месяц назад
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
@Jack-pd4ps
@Jack-pd4ps 2 месяца назад
I have no sympathy for people who are stuck renting because they waited in 2020 for a foreclosure. They deserve to pay the high rents.
@JebSmith
@JebSmith 2 месяца назад
I wouldn’t go there as it’s different for each person but at the same time, I wouldn’t be waiting on some big change in the market either
@Jack-pd4ps
@Jack-pd4ps 2 месяца назад
@@JebSmith They began waiting with bad intentions.
@user-ol7tl1vf5m
@user-ol7tl1vf5m Месяц назад
Real estate prices have been dropping over the past 13 years when measured in Bitcoin. This highlights the flaw in using fiat currency as your standard. In reality, fiat is what's crashing, not real assets. You can continue to be misled or choose to wake up to the truth.
@JebSmith
@JebSmith Месяц назад
🤣
@Zulu345
@Zulu345 Месяц назад
Who buys homes when there are no jobs. Bitcoin will be 1000 times better than fiat, but no one in traditional finance wants to hear that. The market is unsustainable prices will come down.
@Abdullahahmed-yw3gn
@Abdullahahmed-yw3gn Месяц назад
Hi Jeb Smith, Love your content! As a skilled video editor, I'd be thrilled to collaborate and help take your visuals to the next level, let's chat about potential projects.
@user-ol7tl1vf5m
@user-ol7tl1vf5m Месяц назад
Real estate prices have been dropping over the past 13 years when measured in Bitcoin. This highlights the flaw in using fiat currency as your standard. In reality, fiat is what's crashing, not real assets. You can continue to be misled or choose to wake up to the truth.
@JebSmith
@JebSmith Месяц назад
🤣
@discorabbit
@discorabbit Месяц назад
@@JebSmithJeb, give a real response to this please.
Далее
Do THIS Before Refinancing Your Mortgage
20:31
Просмотров 8 тыс.
Cute kitty gadgets 💛
00:24
Просмотров 7 млн
ПАВЕЛ ДУРОВ АРЕСТОВАН
1:45:21
Просмотров 110 тыс.
Why the Housing Crash Never Happened
11:34
Просмотров 46 тыс.
NEVER Buy A House In a HOA
10:55
Просмотров 7 тыс.
NEVER Buy These Types Of Houses
14:29
Просмотров 240 тыс.
The Canadian Housing Crisis Explained
22:32
Просмотров 1,5 млн
You will REGRET Buying A House in 2024
12:23
Просмотров 51 тыс.
It Started | Interest Rates Hit A 15 Month Low
1:02:34
Просмотров 2,8 тыс.