ZILLOW: The Housing Market is TOAST

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ZILLOW: The Housing Market is TOAST
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Опубликовано:

29 сен 2024

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Комментарии : 240

@marymagnuson5191 3 месяца назад

Real estate has become a racketeering scheme across the entire country.

@tobyk5149 3 месяца назад

Ponzi

@weinowei143 3 месяца назад

A local realtor told me it is the buyer's market right now in UT. Sellers are offer paying the closing cost and buying rate down... Houses that are on the market, the sellers really need it gone i guess.

@melissavera6006 3 месяца назад

I have been trying to buy a house for years. It has been an exhausting journey. I feel like I am on a hamster wheel and can’t keep up.

@ThatGuy1of1 3 месяца назад

Same... Been on the hunt since 2021

@melissavera6006 3 месяца назад

@@ThatGuy1of1 idk if I should just buy or wait it out more. I am in California and it is so expensive to buy.

@colettespencer3357 3 месяца назад

@@melissavera6006don't wait

@ThatGuy1of1 3 месяца назад

@@melissavera6006 I'm in NY and have asked myself the same thing. I see it better to stay in and buy, but respect limits, and effectively execute due diligence. I'm seeing some price corrections now, but homes are still going. The rehab route is an option for us if the selling price is right. I think the market will correct a bit throughout 2024, but I don't see crashes for NY & Cali. We'll see. I'm staying in the game.

@melissavera6006 3 месяца назад

@@ThatGuy1of1 we both are in such competitive markets. Agree with what you mentioned above. I am see properties stay on the market for longer and some price reductions. Sellers are still delusional and asking for astronomical prices. We will see what the rest of 2024 has in store.

@JohnDoe-np3zk 3 месяца назад

Zillow zestimates are a joke

@jpete3027666 3 месяца назад

Yes and what’s funny is I’ve met people who use them to make decisions.

@BangMaster96 3 месяца назад

Real Estate is still a very LOCAL Market. Prices in one City do not reflect the Prices in another City. Austin and Dallas markets may be showing signs of correction, but the Real Estate Market out here in LA and SF are still nuts, and prices are insanely high. $950k is the average price of Home in California, and majority of these homes are less than 2,000 Sq/Ft and built in the 60's and 70's with no upgrades or renovations. People in California want almost a $1 million for a piece of crap Property. Even though California is losing People and Businesses, the Prices still haven't dropped for Homes in Cali. Nothing makes sense here.

@FeelingPeculiar 3 месяца назад

Welcome to Biden's economy!

@tobyk5149 3 месяца назад

… yet

@House_hacker_619 3 месяца назад

Yep totally agree! That’s why I bought my 2nd property in San Diego of August 2022 for 685k with rate of 4.375. Now the property current value is 895k. In LESS than 2 years I’m already up over 30% in equity. No reason to sell because I’m cash flowing on 2 ADUs studio and I already made over 90k in rental cash flow which covers my monthly mortgage. Not to mention my rate is freaking low and I consider it as asset.

@House_hacker_619 3 месяца назад

@@FeelingPeculiardo you realize a Trump win is investors dream. The rate started dropping during the end of his presidency. He’s the reason why we are on 💩 hole. Remember he’s a real estate investor and he will protect his assets at all cost.

@BangMaster96 3 месяца назад

@@House_hacker_619 Well, you did good by using the opportunities to your benefits. But, for first time home buyers like me, out here in California, things are very bleak. And i am saying this as someone making six figures as a Software Engineer. The prices and quality of Life just don't make sense. And, the only reason I haven't moved out yet is my Family, my Friends, my Relatives, are all nearby where I live. I have a great Social Life here. I don't want to give that up. It just sucks that lots of People in California are given the short end of the straw because of failed Government like that of Gavin Newsom's.

@nickm6269 3 месяца назад

Zillow's market data, and Zestimate manipulation make them very untrustworthy. Could care less about their market interpretations.

@KippinCollars 3 месяца назад

If they try to fudge the Zestimate, you can always refer to the rental value to see how off their Zestimate is. It really puts things into perspective when the rental rate is say $4k/month but the monthly mortgage even with 20% down is double, you know the values are way off. When the bubble was forming, the bullshit Zestimate definitely helped inflate the bubble.

@johndonovan7018 3 месяца назад

zestimate is extremely accurate for areas with lots of sales.... ppl who knock it are looking at outliers.

@KippinCollars 3 месяца назад

@@johndonovan7018 I feel that it's deterministic. Zillow applies a formula and real estate agents follow that formula rather than evaluating other factors. I see it often in areas with low comps and has the effect of setting the market when in cases like that, there's usually few sales. Areas with few sales are usually low demand areas, but the Zestimate is still crazy high.

@jayneweaver8695 3 месяца назад

Zillow is not reliable anymore, Sad b/c their platform is very user friendly. Thanks for the video Travis!!!

@FeelingPeculiar 3 месяца назад

I like Realtor my ninja

@Detonator007 3 месяца назад

What’s not reliable … people need to understand the whole bank system / government systematically pumps up the market

@donesy125 3 месяца назад

I keep using it to his price history info and stuff but ignore the rediculous “zestimate” lol

@jpete3027666 3 месяца назад

@@donesy125I had a buyer lowball me earlier this year. Their justification was the “zestimate” 😂 people actually use them to make decisions. Scary. Most of the time though Zillow estimates seem to be too high though.

@MelissaHobbs-qm8wi 3 месяца назад

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

@joemama-tn7zl 3 месяца назад

My landlord first key gave me one month free rent to sign a new lease.

@stefanforest7582 3 месяца назад

In Austin, some give even 2 months of free rent. Rents are falling. Good for us... but investors who bought at the peak are screwed.

@sbdreaming623 3 месяца назад

Congratulations on 100k

@SafeEffective-ls2pl 3 месяца назад

That's absolutely bonkers

@1245JL 3 месяца назад

Funny, sellers have no advantage. I’m not buying until prices come down. IDC if I rent for another 5 yrs. Not buying.

@sarashann 3 месяца назад

Thank you for keeping it real. I'm listening while scrubbing floors and getting ready to paint baseboards in our home. Your advice to those waiting to buy is spot on. We bought our home as a foreclosure in a downturn. It's been a good investment. I'm eager for prices to come down so young folks can buy and the rest of us get relief from rising property taxes.

@nina4161 3 месяца назад

Don’t burn out dude! We need you!

@FeelingPeculiar 3 месяца назад

Thank you

@irfaankalamadeen9823 3 месяца назад

zillow is a joke

@stevengibbs8117 3 месяца назад

Sold housing prices literally set a new ATH record last month this video is nonsense cope

@TheOriginalHuckleberry 3 месяца назад

The market is never toast, it is real pricing. I'll buy any home today if price is right (and no repairs required). If you don't sell it, then you don't know what market price is.

@randyscott3386 3 месяца назад

The market won't start to rock again until Trump is back in office .

@Al-Storm 3 месяца назад

They'll be fine. The market average just hit all time highs, again.

@zztops4504 3 месяца назад

Zillow estimate on my house was $167,200 2/3 weeks ago then jumped to $222,000 and now it's $227,200.

@Jonathaneve5 3 месяца назад

Don’t believe zestimate so much, lol.

@zztops4504 3 месяца назад

@@Jonathaneve5 At this rate, I'll be a millionaire by next year! Whoopy 😬

@Jonathaneve5 3 месяца назад

@@zztops4504 😂

@professorprofessorson8795 3 месяца назад

Dominoes a falling, bad time to buy… wait till it falls

@tobyk5149 3 месяца назад

yes getting excited sitting on the CA$H!

@MatthewMadler 3 месяца назад

I have an offer in on a 3/2 for 130k, in a beautiful rural Ga town. Plenty of homes under 200k in and around Gainesville FL. FYI

@FeelingPeculiar 3 месяца назад

That sounds amazing!!

@tobyk5149 3 месяца назад

Nice!

@kathryntucker6848 3 месяца назад

Obnoxious - Most Realtors are dishonest?? Really? There's no reason for Realtors to be dishonest. Most Realtors are honest, hardworking people that are protecting their client's best interest.

@realestatemindset 3 месяца назад

🤣🤣 No.

@Richardcardiel-xs2yl 3 месяца назад

You guys gave been wrong fir at least three years

@exmx 3 месяца назад

IF the housing market were to crash, foreign investors, investment corporations, real estate investors, and buyers on the side lines would automatically jump in which is going to keep the cost of housing up. There will only be a crash if there is a major world economic crash.

@tobyk5149 3 месяца назад

just keep your head in the sand and you will be fine

@samsuner 3 месяца назад

Absolutely Bonkers!!! Congrats on 100k

@dmu9736 3 месяца назад

The greedy will get theirs very very soon because this is going to end in the intelligent people who have been waiting on the sidelines buying for pennies on the dollar.

@pnice494 3 месяца назад

Let it begin

@movdqa 3 месяца назад

2 neighbors put up their homes for sale in my neighborhood. One had an open house this past weekend and another neighbor told me that it was already sold. The other is overpriced and I haven't heard whether or not it is sold but it's been on the market for 4 days. The last place sold was sold at about 10% over asking. This is in New Hampshire where there is a very tight housing market, mainly due to a tight housing market in Massachusetts with their residents moving here for lower housing costs.

@plv702 3 месяца назад

The average person and good real estate agents who want to learn should be really grateful ,Travis teaches us every day how to siphon through this corrupted real estate information given to us by every outlet like fake news. The average person without Travis would not be able to do this, and it will end up costing them lots of money and heartache in the long run. Thanks again, Travis, for all your hard work!

@enthused7591 3 месяца назад

I think both Texas and Florida, as well as Tennessee will see double the pre-covid inventory, and when unemployment hits 12-14% from 2025-2027, all 3 of those states will see 55-65% price crashes. All the math forecasts that, without exception. Most overleveraged consumer in world history and the largest bubble in all of world history. There isn't a single metric that isn't at least 35% worse than 2007 peaks.

@tyguy104 3 месяца назад

Yeah... New Zealand's 2% inflation target. It starts to feel like an episode of Seinfeld or something, Jerry, "2%??". George, "2%!!!!" I don't know, if you want 3% inflation, you can have 3% inflation. I mean 2.7%, great, you did as far as you could. So go ahead, lower rate a bit, g'head. Do it!

@3071-f6i Месяц назад

Here you go again spreading lies. Supply has not outpaced demand. Of course sellers took a sig step up in May… it’s spring. Guess what… it’s going to ease in winter. Also guess what… they are going to lower interest rates… as they already have… and housing prices will go up then. Inventory isn’t exploding. Ask builders if they are exploding with work right now. Of course u can buy for under the asking…that doesn’t mean that’s a bad market. It means that situation was not priced right for that buyer.

@cyrusm3391 3 месяца назад

Travis, did your offer get accepted?

@Zaizen13 3 месяца назад

I looked at a house a week ago and I knew more about the from the info given on Zillow.. I ask the realtor and she didn’t know anything about the house

@jermon983 3 месяца назад

Keep doing your thing Travis. If it makes you feel better. That one RU-vidr who always. Threw shade at guys like you Nick Orlando Scott. By calling y'all crash bros for years. Has now started calling for a crash and now. In his feeling look at his latest video 😂😂😂

@paulconner4614 3 месяца назад

Maybe Texas has started falling. It is still a long way from a buyers markets. Absolute crap houses in The Colony that are less than 1100 sq foot are asking 280k. Those things could drop their price by 50% and still be overpriced.

@David-f4t3l 3 месяца назад

It’s a house! America thinks we forgot how to build houses. We’ll build so much. The price of materials are slashed. We imported from china with fraction of US price. Don’t spend your dollar in US crappy stores

@jpete3027666 3 месяца назад

It will be interesting to see how this plays out. We sold our house in Western WA in March. Everyone told us listing it in the winter was stupid, wait for the spring. Well it’s spring there now and prices have dropped in our old area at least. Time on market is way up there. Other areas of WA state and other areas of the country are still in a frenzy though. Buyers don’t want to pay these prices, and I don’t blame them. Sellers don’t want to sell because they will never see 2.75% again. If interest rates drop, housing prices will go way up, but they are already inflated. So what happens then? Maybe these interest rates around 7% are the new normal? Everyone expects them to go back down. Truth is nobody knows what the hell is going to happen.

@royanjohnson7648 2 месяца назад

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.

@1Shot4 3 месяца назад

The american sceam..Its not so great of a dream...I am 60 married everything paid for and now wearing out and can't keep up with it all.. The more you buy in the game the more your a slave and it's tough to size down and get smaller...One extreme to another..Young people live and enjoy stuff won't make you happy.. The medical system or the nursing home will more than likely get most all of it.. I don't have a cure but i can sure see the problems..lol

@The_Varza 3 месяца назад

Rewatching and just thought of this. I think it's funny how you say not to buy on emotions but financial fundamentals - but if we are looking for place where we'll live for a long time, hating it will be an emotion 🤣 So I'd rather buy something I'll love and can afford than something I'll hate that fits the fundamentals. Can't afford anything, so... moot point anyway.

@marlon5742 3 месяца назад

Everything is about to go on clearance.

@DogWater2011 3 месяца назад

Why is it when zillow gives a report that doesn't fit your narrative, you bash them but when they give you report that fits your narrative you quote them? See how some of your followers might go 🤔🤔🤔🤔

@tjlivejaxkson231 3 месяца назад

how do i go back in negotiations fo this house i am to close on...the market value is down 30,000 from when i made an offer... or might just walks away

@chicago9458 3 месяца назад

Real estate RU-vidrs are becoming more desperate by the day begging for comments after reading published articles. There you have it your comment

@rl3810 3 месяца назад

It's all so silly. That little pinhole of hope I've been holding onto is fast dimming under this administration's horrendous policies that caused all this.

@StevenSmithRentals 3 месяца назад

I don't get people. Today in one of the groups I am in that does off market deals, a realtor took this video and used it as an advertisement trying to get people to sell their homes as now is the best time to sell because values are coming down. How one agent can spin someone else's hard work to benefit them is crazy instead of preparing people they are trying to get them to sell!

@christophejergales7852 3 месяца назад

Y u lyin bro?

@darinthesecularspiritualist 3 месяца назад

Somebody tell ninja aint no banks doing home loans except for home equity loans

@kepop98 3 месяца назад

So today I read a WSJ article regarding the rent increase in the Midwest/north and they were saying that interest rates won't go down because home sales are stagnant, and landlords are increasing the rent and are seeing more renters. Basically, the renters won't see a better outcome of a rent decrease. What's your take on this @Real Estate Mindset?

@realestatemindset 3 месяца назад

It's hard to say being how many apartments are under construction but I have notice in uptick in asking rent in my market.

@kepop98 3 месяца назад

@@realestatemindset Thank you!

@dannyperez1149 3 месяца назад

You are so right. More than 50% of Realtors and Broker are dishonest they shouldn't be business because they just care about the commission, and they have no knowledge of the business.

@stefanforest7582 3 месяца назад

Zillows data for Austin's for rent numbers are getting nuts. We are now at 4555 options, a month ago we had 3540. 4555 options is just nuts, but still, according to MMG, builders in Austin will deliver 31,000 units in the next 4 quarters.

@nickm6269 3 месяца назад

I don't see how all the new supply will be absorbed, vicious new construction oversupply.

@tobyk5149 3 месяца назад

@@nickm6269Will be absorbed by newcomers and poor

@Matt_K 3 месяца назад

I am 99.9% sure that everything our government is doing about every sector of economy has to do more with external factors like geopolitics and China's economic conditions to wait those out than domestic Porta Potty of social and economic situation.

@shelleyburleson4591 3 месяца назад

Bonkers! I'm waiting it out in Austin ;)

@armchaireconomist8648 3 месяца назад

Since when is it a crime for a manufacturer / builder to hold inventory to meet demand.😂

@MarilynTXREALTOR 3 месяца назад

Elevate Texas Real Estate. Some of the best training in Texas for agents

@jonathanmunoz4634 3 месяца назад

Hopefully your right , I've been so patient for the houses to drop its crazy how expensive it is.

@REWatchman 3 месяца назад

Bonkers. I heard their forecast was it’s going to be zesty. Not sure if bad or good

@GreggBlunkosky 3 месяца назад

Pittsburgh is right. They still over paying here. Only in the affluent areas though. Others are sitting or being relisted months later.

@sportschoppodcast 3 месяца назад

I’m glad things are working in people’s favor in other markets. Orange County, CA is still firmly in a massive bubble. Good luck to those in markets that are softening. And hopefully the government gets out of the business of propping up real estate but I won’t bet on it.

@RealTalk2000 3 месяца назад

Cosign. I live in Irvine and it's absurd.

@litupav 3 месяца назад

Aye man, I keep up with you channel everyday and I’m in Austin also. Born and Raised! Keep pushing out that content. Good stuff man

@maryannmendoza4729 3 месяца назад

Obviously how envious jealous the female RE agent I hired for closing on a house I'd found. She's fake, disappeared assoonas she got commission check.

@Archie1021 3 месяца назад

Many are and many are not ethical they’re fake even as a “friend” I have thick skin but I also worked in an industry worst than this and I can tell you many men and women in the RE business are the most calculated mean fake friends you’ll ever know. Trust me! I unfriended a good portion and happy about my decision.

@jorgecasamiquela1186 3 месяца назад

Totally Bonkers 😮 Proud of you 👏

@ricardoosantos100 3 месяца назад

Great video and data, it is Bonkers!!!

@nildalindsley2727 3 месяца назад

Anout time ,let it fall! Nasty,greed!

@willlywillly 3 месяца назад

Love that prices are going down in Alabama!

@tobyk5149 3 месяца назад

Bama!

@Davido50 3 месяца назад

Stayin in beautiful Upper Midwest & prices still rising 💯

@mikedosegaming4298 3 месяца назад

I’m seeing homes stay on the market longer in my area

@Ultrajamz 3 месяца назад

…did Google remove youtube likes??

@eddym5532 3 месяца назад

Greed is a curse.

@Jonathaneve5 3 месяца назад

Greed, lol?

@alastairwheeler3531 3 месяца назад

Good luck on buying new house Travis. Been listening to ur journey for 2 years

@realestatemindset 3 месяца назад

Dang, it is bad out here. I'm fighting, but I am not winning yet.

@up2lateca1 3 месяца назад

Thank you!

@nickf4333 3 месяца назад

Saw a $50k drop on a $750k house in NJ, a glimmer of hope.

@House_hacker_619 3 месяца назад

The comps are probably at 650k. You think it’s a good deal but it’s not 😂

@1245JL 3 месяца назад

Am I going to learn anything new?

@ladycactus110 3 месяца назад

In Albuquerque rents went from 960 for a nice 2-BR, 2-BA in a nice area, landscaped grounds, in-unit washer and dryer in 2017 to 1,500 for a 1-br, 1ba in 2020. Then in 2021, 1800. Now 2,000+. Is that a 7% increase? 😂 (and they took away the w/d).

@nickw3867 3 месяца назад

Rents gone up 15% y/y in Newport Beach California. People looking to make their year every month on the rent. 6,500 for a 1200sqft 3-2 with a cracked driveway crooked pavers and dirt lawn..

@Bryan-yq9pz 3 месяца назад

Thanks Travis

@johndonovan7018 3 месяца назад

no thats not true. what im seeing in 2 states that i know very well and care about, is that the flips are not selling because they are overpriced by 200k or so. that is not selling. overpriced garbage properties are also not selling because it costs too much atop the base price to do anything to them, which points to flippers not being active anymore. good properties that are ready to go are going fast still. some even surprised me as i considered them 30% over where they should be. waiting on closing to finalize on a few so i can see the sale price....

@kepop98 3 месяца назад

Congratulations on the 100K!

@Laketexomaliving 3 месяца назад

Keep up the channel brother, from Texoma.. You're right over the target, amd some of us REALTORS appreciate your intel amendment obvious hard work.. thank your team from us Realtors in DFW

@goldensilver793 3 месяца назад

Wow...1/4 down in may...

@fobbyforlife5045 3 месяца назад

@RealTalk2000 Irvine is tough always amongst the best places to live in the country. The only way I see homes coming down is a bad recession in California with a lot of white collar layoffs.

@MeJonTheDon 3 месяца назад

Our family's old house in Austin just sold for about double what we sold it for in 2018. Absolutely bezerk. Austin has only gotten worse in a number of ways, and it cost more. I now tell recruiters the same think for Austin as I do for New York and California: you couldn't pay me enough to move there

@miscstuff7824 3 месяца назад

Sold a home in Houston - multiple offer situation, all bids over asking on the opening weekend with some buyers revising their offer upwards before even knowing they (and we) were in a multiple offer situation. Trying to buy home in a few northern US metro areas. Pickings are still slim and also encountering multiple offer scenarios. We bumped up our budget by $300k to see what was a available, and there was no meaningful increase in the number of properties. While some metros are tilted towards buyers, there are some seemingly strong seller markets in other regions. It seems subrural / rural within 30min driving of major metro areas are holding strong compared to suburbia.

@georgedoolittle7574 3 месяца назад

Huge funding news for massive Supertall in Miami which is now a go and no way would i be counting out Boisie, Austin and California given the AI mania now raging away. Building does appear to be proceeding apace (new builds) so yes, absolutely this will pressure prices lower in the current context of still too much supply and still modest demand from the crash two years ago. Long $hmc Honda Motor Corporation strong buy

@HuddleUpCards 3 месяца назад

Upstate New York's never going to get to Texas levels, prices are so much lower than the rest of the country, yet taxes are going absolutely nuts!

@razorsedge1 3 месяца назад

Surging supply😂

@thomasvarughese118 3 месяца назад

HTAWN STAY DOWN!!

@Zaizen13 3 месяца назад

I’m waiting for lake Stevens wa to drop price.. it needs to drop its so unaffordable

@scottpollan6364 3 месяца назад

Burnout is real dude, your housing situation is definitely not helping. You're experience is a date pt, remember that

@Heero-xn8rj 3 месяца назад

I bailed on buying and picked a new build rental. Glad I jumped on it the open units are raising their prices already

@itsAmeOFP 3 месяца назад

A quick peek through this guy’s videos shows he’s been singing this same tune for years and he’s been wrong every step of the way.

@realestatemindset 3 месяца назад

You misspelled "kept your head in the sand" Buy away and continue not to listen, but you help absolutely no one by doing so except the elite. Regardless, thanks for commenting and checking out the channel. Give it a listen you might just learn stuff that's pretty important when it comes to purchasing real estate.

@itsAmeOFP 3 месяца назад

@@realestatemindsetmaybe address some of your failed predictions and show that you’re capable of learning something instead of consistently pumping out cope for people who have lost small fortunes in potential equity by staying out of the market waiting for the 80% off clearance sales grifters like you have promising since 2009

@truthrules463 3 месяца назад

And, when do we talk about DR Horton and their off loading homes with no earnest money on 150+ of their developments?

@darinthesecularspiritualist 3 месяца назад

Real estate is ded

@eddiedelrosario9946 3 месяца назад

Absolutely bonkers!! 👍

@AliceThomas-ri1zr 3 месяца назад

Do you know of anyone with your passions and expertise that focus on phoenix Az and surrounding areas ?

@The650dude 3 месяца назад

🎉

@jayesimond9301 3 месяца назад

Yes homes are overvalued in many cases. Yes sellers have to lower their asking price. But many buyers are kidding themselves if they think that the housing market will crash like in 2008-2009. Reality is it’s not a good time to sell nor to buy. Strange times.

@nissantouring 3 месяца назад

Not here in the OC, prices are not moving much, the ones that go down a bit are well over 1 million so any cut doesn't matter much cuz the average person cannot afford a home in OC/SD or LA.

@tobyk5149 3 месяца назад

homes in OC are now for the wealthy, not the average person

@RealTalk2000 3 месяца назад

+1. I'm in Irvine and it's ridiculous.