As someone who has seen 20 homes in 4 days of searching - there’s not a lot of quality inventory. Homes that have a quality lot, upkeep inside and out are very hard to come by and sell at asking as soon as listed. The ones that are sitting are red flags for people who don’t have deep pockets. Stay away if you can or at least take advantage of your due diligence period.
I don’t think interest rates are going to fix this. The dollar has been destroyed over the last 3 years. Nobody is talking about how the price of housing has been affected by this. My dad bought his first house at 9% and he was happy to get that. The difference was house prices were affordable. Today sellers are just being greedy. There wont be a crash, there will be a reckoning for sellers and landlords however. If there is no affordable housing, those cities and towns will run out of people who work at grocery stores, restaurants, and the service industry. You will live in an expensive house, but you will have to drive an hour to go shopping…
I think its a story of 2 markets. Texas, Florida and Nevada are crashing right now. Full stop. But then other markets like ny / nj are still booming. I doubt there will be a nation wide crash. But for sure there are markets running downhill right now
completely agree-- all real estate is local-- even neighborhood specific. I am not sure things are crashing in some areas, but there is definitely some weakness in the areas you mentioned. It is a tale of 2 markets, like you said ! appreciate the comment !
So markets like Texas and Florida are going to see a price drop? I don’t think this will age well. I’ll save it to my playlist to see if you are credible at all… I see the most expensive market is history and people need to make 50% more income to buy.
@@EliMagidsLuxuryHomes how long did the 08 crash take? Everyone has been programmed for instant, 08 crash didn’t bottom out till around 2012. Beige book report was not a good indicator of times to come. If people are getting lid off, houses get dumped, money is scarce, and wallets are tight. We will see how many realtors include that in their videos…
@@BradleyJ_FL listen, nobody really knows what’s happening for sure. We had a presidential candidate almost taken out, but lending practices have changed since 2008. That was the cause of the last crash. If I say that something is going to crash every year for the next 20 years, I will in all probability be right the point of my video was just say that, there are people who are praying on those who enjoy the suffering of others and bad news. As of today, housing prices hit a brand new record. Will they go 0:02 down probably. Will interest rates go down probably. But a crash? Depends what your definition of a crash is
Good video. I really would have liked to see some pics and video overlayed to illustrate what you were talking about. Especially that house that sold for 2 million. I would have liked to see a pic or video of that house.
Thanks for the comment - just so happens I have a video of that house . Here is the link -ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-P6lbZHN-nEs.htmlsi=qHRuHtda-AjrB7MK
Some experts are predicting a cut of more than 0.75%. As a Top 1% Realtor in Canada, serving clients across more than 30 cities in Ontario, I believe we definitely need to reach a rate of 3.25% for the numbers to become favorable again for my investors. If the prices and interest rates are coming a little bit lower, we should go back in the investing business. #CristianEnache #Realtor #Ontario
The narrative has completely changed in some areas like in my state of Florida. Inventory is above pre-pandemic levels. Prices will fall in many cities and already have like in Cape Coral
