An organization that has contributed so much to the current housing inventory and affordability crises should not have a voice in the housing market. When their iBuying failed, Zillow sold single-family stock to hedge fund investors, who turned them into rental units. This shows that Zillow cares only about profit and never about the communities. Homebuyers should not support an organization that contributes to their difficulty in achieving their goal of homeownership.
I'm starting to notice some price cuts here in northern VA now. However, it's just price cuts on homes that were asking for a fair more than it's actually worth. Haven't seen a trend of price cuts yet of homes asking for it's worth and just ever so slightly under. They're also selling VERY quick. Definitely noticing some slight changes now tho. Great video, thanks for the updates and knowledge!
Ditto here. It's specific to the zip code. For example, Manassas 20110 I'm seeing price drops. But that area is sketchy. Fairfax city 22030 I'm noticing more listings. But prices are still high. IMO the only thing that would ever cause a significant drop in the Nova area would be some sort of major federal govt budget cut. There is just too much gov contracting gravy money floating around here.
@@DannyHunt-w6g yea I'm only seeing positive things in terms of real estate growth in the DMV area. My Realtors most recent newsletter focused on why he believes the DMV will see steady price growth in the future. Government contracting as you said, military with high bah that increases with housing area, people wanna be here, and one of his main points was lack of land to build. Pretty much the real estate price appreciation will practically be forced over the coming decade. Obviously some DMV area won't do as well, but the general area should. I'm honestly a bit more glad I spent more for a place in Springfield VA instead of cheaper towards the south. For better about it as an investment.
@@DannyHunt-w6g I also know a few families getting outbid by investors of upwards of $60k on homes in DMV. A lot of investor attraction and confidence. My hometown of KY is seeing $15k to maybe $20k at most over asking on some homes.
high prices , insurance , property taxes , % rates ,lot dont want to give up their under 4% rates im at 3.75 on my investment property and 3% on my primary so im never buying again and locked into very very low property taxes
How can you be locked into property taxes? They are based upon the appraised value of your home. The value of your home went up, like the rest of ours, therefore your property taxes will go up accordingly. As well, your homeowners insurance.
@@ezumach calif we taxed on the org sale price mine was $182k and $318k than raised 2% each yr I bought in 2000 and 2002 taxes have gone up over the years ,not the current value like other states where taxes can go up to market value each yr or when the county wants to raise property taxes
@@youtubecarspottersguide1I do not understand this response at all. But I agree with the above comment, you can’t lock in your property taxes. Mine went up and then my home owners insurance went up causing my mortgage to go up $128 here in East Tennessee.
Without Fed or Treasury subsidy, loan volumes have waned. Shocker. HUD is going to join the HELOC game, effectively subsidizing equity withdrawals. Prices have to fall. Every real estate driven prognostication will be like Skylar’s “1%”. They need correction to be small. They’d rather revise than drain demand. FOMO is way better for nearly everyone on this channel.
It's pretty interesting but a weak analysis because you like to look at the inventory side, but you don't like to look at the buyer side. Buyers also have life events. You assume that the people who are going through automobile repossessions credit card, defaults student loan defaults and excessive costs of a living increases are not part of your previous buyer pool when in fact most of them are the same people you are expecting to be able to qualify for a mortgage when interest rates drop one or 2%. If you followed the analysis through you would have to offset the increase in supply with a decrease in qualified buyers and that would be a much more realistic analysis
If I recall my education correctly... in an election year the FEDS can't change the rates to influence an election. Therefore more often than not, in election years the FEDS will only make their last modification in Q1 and leave it there until after the election. (To assure they didn't influence anything).
