Reports are now showing that the housing market is the craziest its been since 2006, pending home sales are declining – and now – the housing market could soon hit bottom as fewer homes are listed on the market for sale, at even higher asking prices – here’s what this means for you – enjoy! Add me on Instagram: GPStephan
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Here’s what happening today: CNBC now reports that – in June – new listings increased 5.5% year over year and 10.9% month over month compared with May…which means, there’s more inventory starting to come on the market for buyers to chose from, and that’s a sign of relief for the entire housing market.
However, EVEN THOUGH it’s an improvement…housing prices are still up 12.7% compared to a year ago. Inventory is still DOWN over 43% since June of last year…and nationally, the typically home is only the market for 37 days, compared with 72 days during the same time in 2020. And even though more inventory is coming on the market…listing prices are STILL going up, meaning that there’s no shortage of buyers out there – paying whatever they can to get a deal.
That’s led to record high housing prices, that even the CEO of JPMorgan recently said is “ a little bit of a bubble….BUT, the situation isn’t as severe as in 2008 when there was a lot more leverage and poor underwriting standards.”
Fundamentally, there’s nothing that’s happening that “THE MARKET IS GOING TO COME CRASHING DOWN” – so, for everyone who’s waiting for that to happen – it would need to take a BLACK SWAN event that no one could predict to collapse housing values.
Today, buyers are EXTREMELY qualified, they’re putting down a significant amount of money, they’re locking themselves in to historically low rates, and – most importantly – they can afford their payments. That would prevent us from seeing a “Wave Of Foreclosures” like some articles suggest.
However, there’s certainly some concern about mortgage forbearance potentially dropping TENS OF THOUSANDS of homes all on the market at the exact same time…but, here’s the reality:
The amount of homeowners claiming mortgage forbearance has been consistently declining month after month – suggesting that homeowners are resuming their payments, and moving on as normal. And for the homeowners who CAN’T make their payments – at the moment, they’re most likely able to list and sell their home for a profit – and then walk away with money in their pocket. For a home to go in foreclosure, the buyer has to owe MORE MONEY to the bank than what the home is worth – and, with record high home prices and record high homeowner equity – only 2% of all mortgaged properties fall in that category. That’s it. So, the chances of ALL of them foreclosing – all at the exact same time – just isn’t going to happen.
Instead, REALISTICALLY – I think the biggest risk to high home prices is increasing interest rates – which, we know is going to happen in the next 24 months. Next, decreasing building materials – which, again, is already starting to come down. Increased inventory – again, we’re now starting to see that. And increased building…which, is slowly starting to ramp back up.
Until then, we just need to keep an eye on inventory – housing prices could VERY WELL continue to trend higher if demand stays the same, but artificial factors like HIGH BUILDING MATERIALS will INEVITABLY come down over the next 12-24 months.
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What’s up, prices? It’s interest rate here.
@UC7CMCnr1O7NcbfggQ6HNcbg shut up, bot. 🤖
If I see one more thumbnail of this dude looking like he just witnessed his wife getting banged with a doomsday title I’m unsubscribing
Important question! Let’s say I own a home. I’m renting out the house and it’s making me a net profit every month essentially paying the mortgage for me. Is it safe to put another down-payment on the house thinking that If I rent it off as well, I don’t have to worry about the incurring debt?
The toilet paper is smaller than it used to be.
Disliked because of the lame puns
“A black-swan event that nobody could predict that could crash housing values”.
You mean like a global pandemic or something? Imagine that…
I see what you did here
With low inventory prices are going to continue to rise. California and states that people want to move to will see prices go up, it will not bottom out like back in 2008.
This needs to happen.
Bottom can still means prices remain stagnant
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w.h.a.t.s.a.p.p
+.1.2.0.8.6.2.5.28.9.0..
Waiting for the market to crash
The U6. NOT THE u3. U6 says 10.2 million people unemployed. Bad loans are not being generated like 2008 however 2021 Loans are being written for home values 20-50K over the appraised value. As soon as the fake money stops I think we are going to see a correction. “Wait for it”””””””
Bahahah scam!!!!!
Bottom? I need to crash. WTF
What’s up graham, it’s guys here. Lmao what’s the secret message?
Until gas prices drop, I’m not counting on anything.
I got a new house I can give to you for a cheap price , where are you residing??
Some people think they know the housing market but in reality they haven’t lived as long as warren buffet and experienced many year of craziness regarding the economy
Black swan event is gme and amc
I really think you’re smart but in this scenario I think you’re wrong and you will soon find out. 😅🤯🤪
Builders how you call them they buy containers full of materials . They don’t go to home depot they do have supplies to build homes, they don’t build homes to make homes prices keep going up. Cov19 make people work remotely from they homes or any other places, most of this people will move to a different countries. Have a luxury life for cheap, homes value will drop like never before.
We have underbuilt houses for years now and the populations has increased. 10:34 mark he must have meant to say SELLER not BUYER. It will normalize a more but not crash my prediction like Graham predicts.
How is toilet paper like the USS Enterprise? They both circle around Uranus looking for Klingons…
Why do you and other YouTubers like Kevin, usually make these slightly disgruntled/confused/fearful faces with raised eyebrows for your video thumbnail photos? Not very becoming
didnt realize the housing has been coming down toward a bottom..
I’m so anxious..
This is really good but there are some parts that I would definitely disagree with and challenge
The value of the dollar is rapidly decreasing because of rampant inflation that will only speed up under the Biden administrations crazy spending proposals. There’s no reason to think housing prices will drop. Why wouldn’t you take advantage of low interest rates for the next 6-12 months (because they 100% will raise at some point before 2023) and get a mortgage/ house NOW?
Graham is lying so badly. There will be a bad crash. It’s so obvious.
2012 was the best year to buy. 😔
W•H•A•T•S•A•P•P~ ~M•E•
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F•o•r<>m•o•r•e<>g•u•i•d•a•n•c•e
You are ignoring inflation and hyperinflation risk … homes are seen as protection against inflation … the FED inflation rate is a lie because the basket of goods they use to calculate the official inflation rate does not include house price or rent (and other necessities that they conviniently ignore) …. see blackrock (an investment firm) buying houses as a hedge against hyperinflation
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g f..o.r. m.o.r.e g.u.i.d.a.n.c.e
+1….-9…-1….-7…-3…-1…-0…-0…-7…-3…-3
the “black swan event” will likely be people collapsing in the next epidemic: People having strokes/ heart attacks
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I hate hearing stuff like this. I’m a service member and I handle a lot of personnel that are either newly moved to Florida, or about to move from Florida.
I’m staying here for at least another two years. So I’m okay I believe. But all these kids trying to buy their first house, or people trying to sell their house because they have to move… eeesh. Not a favorable environment.
_Thanks for the feedback~ ~for more Information…_
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I don’t think you played yourself taking advantage of low interest rates if you cam from renting brah
L•E•A•V•E ~A ~M•E•S•S•A•G•E ~O•N ~W•H•A•T•S•A•P•P ~F•O•R ~M•O•R•E +>1<>7<>0<>2<>9<>0<>0<>1<>4<>3< >0<>.
When you do your little smash the like button bit and it says 1.3k likes you should up the number, manifest more likes
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I feel like Grahm keeps making videos for me because this is his second video on the housing market and my man is buying a house for him and I . I asked him if he wanted to wait until next year but he said he is buying a house this year.
Unfortunately were yet to see the affects of the pandemic but sadly its almost definite we will
Rents have started going up, even SEC-8 vouchers for 1bdrms went to 1780 here in Los Angeles
People are so dumb lol
I’ll never buy a house built during this covid market. People are cutting so many corners and just not hitting the nail on the head.
Thank you for being yourself, Graham.
Gram Ytguard will save your channel
You re a master of click bait…congrats
𝒯𝑒𝓍𝓉 𝓂𝑒
+𝟙. *(*𝟚*𝟜*𝟘*) *𝟛*𝟜*𝟛-*𝟝*𝟛*𝟟*𝟡*
Graham you always talk about credit card bonuses, but what about checking account bonuses?
See you still here. Keep them click baits coming 💩💩!!!
I purchased back in December and now up $102k equity.
The “what’s up Graham, it’s guys here” killed me. Instantly smashed 👍
I am looking into setting up an LLC and buying rental properties with a partner. Could you provide some quick do’s and don’ts when getting started?
well in Zambian we enjoy rentals even if there is a crash or not
You are the biggest clown on you tube
Like chill on the clickbait I’m unsubbing
Better crack dens near 260k in rva
As demand dries up, value of properties start to decrease, then those who bought in during the ramp up in price get scared and try to sell before they lose house value. Exponentially expand this and a large swarm of inventory become available, all trying to sell slightly cheaper than the one before.
Weed industry is slowing down significantly, many houses will go on short sales and foreclosures, many cities will become ghost towns, it will result in house prices coming down in the next couple months.
It’s a bubble. Sooner or later its gonna pop. You may be a little biased.
Your Yotta bank sucks! Took my $ and blocked access to my account and they say they can’t tell me why because of federal law and they are not required to tell me why they closed it. I WANT MY FUCKING MONEY!
Lol can’t believe you fell for his scammy bank
Where is my free stock?
Graham should react to Steve will do it’s finances
The Feds stop reporting how much USD they’re printing
Also the Feds: “Inflation rose quicker than we expected”
🇹 🇭 🇦 🇳 🇰 🇸 🇫 🇴 🇷 🇼 🇦 🇹 🇨 🇭 🇮 🇳 🇬 , 🇮 🇭 🇦 🇻 🇪 🇸 🇴 🇲 🇪 🇹 🇭 🇮 🇳 🇬 🇷 🇪 🇦 🇱 🇧 🇮 🇬 🇮 ’🇩 🇱 🇴 🇻 🇪 🇹 🇴 🇮 🇳 🇹 🇷 🇴 🇩 🇺 🇨 🇪 🇾 🇴 🇺 🇹 🇴
🇹 .🇪 .🇽 .🇹 / 🇼 •🇭 •🇦 •🇹 •🇸 •🇦 •🇵 •🇵 ..
+1<>8<>5<>8<>7<>6<>9<>9<>6<>3<>0″”””””💯💯💯💰💰💰🏦
What you mean?
“What’s up Graham, it’s Guys” lol I knew I wasn’t going crazy. Thanks for this video
🇹 🇭 🇦 🇳 🇰 🇸 🇫 🇴 🇷 🇼 🇦 🇹 🇨 🇭 🇮 🇳 🇬 , 🇮 🇭 🇦 🇻 🇪 🇸 🇴 🇲 🇪 🇹 🇭 🇮 🇳 🇬 🇷 🇪 🇦 🇱 🇧 🇮 🇬 🇮 ’🇩 🇱 🇴 🇻 🇪 🇹 🇴 🇮 🇳 🇹 🇷 🇴 🇩 🇺 🇨 🇪 🇾 🇴 🇺 🇹 🇴
🇹 .🇪 .🇽 .🇹 / 🇼 •🇭 •🇦 •🇹 •🇸 •🇦 •🇵 •🇵 ..
+1<>8<>5<>8<>7<>6<>9<>9<>6<>3<>0″”””””💯💯💯💰💰💰
I feel sorry for first time buyers who cant afford a house. The Great OZ errr Biden needs to do something and fast.
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The last statement regarding potential rent increase seems false relative to the rest of your video, as well as deflationary pressures according to the last fed meeting.
Good news!! Finally!! 🙏🏾
Paper turned out to be a stinky investment while the prices flushed back down 🔻.. LMMFAO 🤣
YOU LIED TO US HOW COULD YOU?
toilet paper… it was shame.. No one had to wipe a* with other paper any way..
hurray u are still here.
Why are you talking so damn fast?? Slow down. Sounding all gimmicky and cartoonish.
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What’s up Graham it’s guys here! Do you always say this? Have I not noticed? Or is this the first time?
I’ve been a long time subscriber of your channel but the recent click baity thumbnails are trashy. Stop with that. You give legitimately good advice and information don’t sabotage your own channel by making it look like a scam artist.
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Happy to see the Account is still up!!!!
I just want to finish my deck…..
I feel like the housing market in 2006
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Great puns Haha
what’s up graham it’s guys here
Interest rates are going anywhere before 2024…
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The housing market will definitely shift…bottom is too severe of a term and clickbaity
What’s up Graham, it’s guys here…? lol
Wondering if lots of houses and rentals will come on the market suddenly once landlords can evict again 🤔
The black swan came in 2020
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I am planning on buying a house next year so this video was super helpful
It’s houses popping up here faster than on a monopoly board game
Click bait garbage. No crash
I basic don’t care because I own with no mortgage and do not intent to sell. I’ll believe it when it comes. Property values have been insane in California for awhile, then they get more insane.
Graham – time to consider a better cover image of your self for new YouTube videos… you look like you have the Flu.
Depends on your location. The south is booming and I don’t foresee a crash
Pretty tough to get people to sell the cheapest 30 year mortgage they are ever going to get..
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g
F.o.r m.o.r.e g.u.i.d.a.n.c.e
W.r.i.t.e m.e o.n w.h.a.t.s.a.p.p
+•1•3•0•4 •2 •2 •0 •0•8 •8 •9
There will be a fair amount of homes up for sale as the boomers pass. Grandma and grandpa will pass away and their kids won’t want their homes
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Hope it crashes. Half a million dollar house for middle class is ridiculous
No one sees what could cause a crash before the crash comes .
Graham, thanks for sharing, but that thumbnail looms unnatural. 🤪
1:32 lay off the drugs and get sum sleep; you look tired… bigly.
LMFAO! Im from Stouffville, Ontario, Canada! never thought Id see it in a video!!
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Real estate will fall hard..
He said, “What’s up Graham, its guys here.”
Uhhhh… Dyslexia much??! 🤔
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Time to invest in more real estate!
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“What’s up Gram, its guys, here” LOL
Scamdemic
How will the Fed service the interest on the debt if rates are raised?
It appears to me that increasing rates is not an option (thus eliminating a valuable tool of the Fed Reserve)… because they will not be able to service such payments.
That said it is interesting to see what course of action will be taken?
I am eagerly awaiting an upcoming inflection point as observed in 2006, 2009…