Let’s discuss the 2022 housing market, rising interest rates, and dwindling inventory – Enjoy! Invest with me at http://www.creatorproperties.com/ – see disclaimer below* – Add me on Instagram: GPStephan
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The 2022 Housing Market:
30-year mortgage rates NOW beginning to exceed 5%, application demand is dropping, lenders are beginning to trim their workforce, and, some even think that rates could hit as high as 8% by 2025….leading, of course, to the assumption that the housing market has peaked.
FIRST: RISING RATES
No matter what happens…the CME gives an 87% probability that the Federal Reserve will increase their key interest rates to 2-2.25% by the end of the year…which, is roughly 8x HIGHER than were we stand today, and – would lead to the “Sharpest Pace of Fed Tightening Since 1994.”
Long term, a survey from the New York Federal Reserve found that “most households expect the interest rate on a 30-year fixed-rate loan to increase to 6.7% next year and reach 8.2% by 2025” – although, the National Association of Realtors believes that the market has ALREADY factored in “all the possible rate hikes,” and therefore…we should expect to see around 5.5% mortgages throughout most of 2023.
SECOND: RISING INVENTORY
The chief economist of Realtor.com says that: “We may see a slower pace of sales in the fall, because rising mortgage rates are pushing up housing costs.”
Zillow believes that: “The stock of existing homes on the market is finally starting to refill, as our March data shows total inventory now rising strongly.”
Redfin states it might be a NET-NEUTRAL, because “higher interest rates will lead to a lock-in effect for homeowners, so they may not list. And it also might reduce demand from home buyers, especially for people really sensitive to prices.”
THIRD: HOME SALES
Throughout February, home sales actually DROPPED 2.7%…and, in March, they dropped another 4.1% – meaning, fewer buyers are purchasing properties now that mortgage rates are increasing. According to Redfin, 12% of homes on its site saw sellers cut prices in the week ending April 9. That was the biggest one-month spike Redfin saw in price cuts since 2015.
Although, in terms of my OWN thoughts on this…since, I have been FULL TIME in the real estate industry since 2008…I can absolutely see rising rates having an impact on values throughout the near future…but, LONG TERM…a lack of inventory, combined with decades of under-building, is likely going to keep prices relatively high for quite some time…even though, some areas will likely see the market BEGINNING to soften.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
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Graham… investors may make up 18% of all sales, But if you take out the homes that are over 400000, the number is about triple that…
I think you started by saying, “what’s up Graham it’s Guys here”, lol
Let’s ALSO MENTION that HOUSING SALES are INFLATED by “investors” (*COUGH COUGH Graham Stephan).
A visionary….. who see nothing wrong with hording one of the basic requirements of life: SHELTER – for which there is already a shortage…. which is SO VERY MUCH like hording water supplies or farmland… (which many are ALSO trying to do), for the explicit purpose of making profit, you guessed it: off the backs of the under-privledged….
Because who else in their right mind would want to rent a friggin home and pay it off for someone else?!?!? Only someone that really is mentally challenged or has no choice….
Is this an ethical way to make money? NO, obviously!
And I wouldn’t be self-congratulating over doing this. Invent something new, provide a service, do something valuable, earn a living the honest way… I’m all for that…
But hording something vital to life that there isn’t enough of in order to trap en-mass low-income families into paying rent the rest of their lives…. yuck!
I’m ALSO not a fan of taking housing that is affordable and wrapping it in fancy new wrapping paper so you can flip it and jack up the price and price-out low-income families either…..
The ONLY legally allowed way to make money in this field should be DEVELOPING NEW HOUSING. Period.
I dont think you should legally be allowed to HORDE something which is a basic necessity of life.
Shame on people that do that to get rich.
Seriously.
Stop congratulating yourself. You’re no different that that PHARM BRO buying up EPI PEN patents for something which people need to survive, and then the price gets jacked 4x in the process. You really should not be allowed to horde housing properties. You should only be able to buy something that you are using.
@Doge from the Future u make a highly compelling argument. We all see this done a lot and I believe it hurts those average families. It is sad when u actually think about it. It just takes someone like u to be honest and throw it out there for most to realize. Not all care enough to see this bigger picture. Many families could have a chance if others didn’t run in and flip homes of former owners like the eldery. Buying the home much cheaper before it gets updated/modernized is a blessing for those folks. U are just plain correct. Opportunists don’t see that they are truly assisting the renter’s world that will come. We are hurting our own fellow man. Those who want that income for their own families COULD truly work on something that is more honest. Thanks for giving it straight.
I can’t fucking wait to come back to this video in six months when the housing market has not dropped.
So ur in a syndicate real estate?
couldn’t help noticing, “what’s up Graham, it’s guys here” 🙂 I watch a lot of graham videos, just saying
Get rid of property tax too much tax shitty government
DID HE REALLY SAY WHATS UP GRAHAM ITS GUYS HERE? LMAO
Day in the life on my channel!
Qardven token will make millionaires, after CEX listing it will blow up.
Jee Spongebob that’s a great idea, why don’t I just burn my money to keep warm in the winter, live in a pineapple, and ware square pants – while you wait in the unemployment line!
Any thoughts about Qardven Token? I myself think it’s the best thing since sliced bread.
Walmart and Qardven token just signed a collaboration??
Qardven token will moonshoot after CEX listing..
Scam
Qardven token and amazon signed a partnership. It will blow up once it hits mainstream.
I believe Qardven Token will change E-commerce forever. Thank me later!
Qardven token is awaiting major CEX listings. It’s possible to hit 100x this year.
House prices buying or renting is ridiculous
“What’s up Grahams it’s guys here” 🤣 that intro
You forgot to add greedy scummy realtors into your reasons into the housing spike in costs
I for one sure HOPE it is popping! The prices have gone ridiculously high, as driven by the Fed and banking sector. LET IT BURST!!
Not going to lie I respect that transition into the ad.. it was pretty clean
Kevin just turned bullish. View his latest take.
I see things are starting to get normal.
Graham,
Have you ever thought of partnering with someone to get your concent out there in another language?
Click Bait… Exaggeration and Hyperbole!!! Rates only went up a tad… Tells me the Loan Rates are stagnating and we have Baked into the Cake increasing much because they already added a lot of increases ahead of time… The Brokers got ahead of the curve of increases by increasing the loan Rate almost 2.5% when they raised only .25BPS… I will adjust just like THOUSANDS have and go ahead with a lock & shop because the one thing STILL going up is Home Prices… Equity has a lot of growth left that would be LOST by NOT buying!!! Talking Fast don’t hide the facts!!! 😉
Thanks Graham, nice presentation 😌
So sad you are so wrong. I use to like you until you started talking out of your ass and with your troll head lines
The “shortage” crap was what jacked up the 2008 bubble. Where has everyone been living before the “shortage”? Homeless?
Living with roommates or their parents.
My area still is under one month of inventory. If anything it got worse this last month (I’ve been house hunting). Because people don’t want to sell unless they have to. No one wants to be a buyer right now. 😤
Not all localities reassess property values that way. Check how it is handled in any area you are considering buying. My county has to reassess all properties at the same time, so no adjustment at time of purchase.
Tree house mortgages have more than doubled while children are building more box forts due to cardboard surpluses from excessive amazon deliveries
Love your channel, Graham!
👨💼🙌
Man, I’m so tired of these “the sky is falling” videos. Unsubscribed.
Wassup Graham it’s guys here
I’d be interested to hear your thoughts on if another Big Short (referencing the movie of course) is going to happen, and BTO’s being the new CDO’s
Smashing the YouTube agalitherm cause you likes
Random credit card question, I couldn’t find an answer too: If I become an authorised user on someone else’s credit card, will that increase my total credit? I want to only use 10% of my totale credit and just got my first card with a 4,000 dollar limit. But spend more than 400 dollars each month, and I don’t want to have to use my debit card after 400 because I don’t get any cash back with that.
Anyone notice the “WHATS UP GRAHAM ITS GUYS HERE” in the beginning or am I going crazy?
Graham, I recently moved to Vegas and bought a home. The continuing water crisis is worrying. Do you worry about what could happen to life in Vegas if drought continues? Could housing values go to essentially nothing?
I never understood the concept of living in the desert and as more and more people keep moving there the water scarcity will only get worse.
I smashed the dislike button
What’s up Graham, it’s guys here. Wait what lol?
Dude I am serious, quit flapping your arms so much, I am glad I have you tube premium so I can quit watching and just listen.
I think, i saw this title couple times before.
Clickbait. Conclusion disagrees with the headline.
I guess I’ll just be homeless 😒
Why is all your videos titles click bait?
A typical salesman. I wanna be like you when I grow up ……lol you are good man.
All due to extreme low interest rate and high stock values not low inventory, with FED fighting inflation good luck in cession soon, no jobs, stock values down significantly , margate payment increase 30-60% feel sorry for people who just bought the houses
I do not care about all this. I have no money for buying a house. I need higher interest rates for oldfashioned savings. Everything else these days is gambling and I do not have the money to gamble.
You’re analyzing the insanely expensive places like New York and LA and saying sales are low. Of course they are low, no one wants to pay 1m for a studio apartment, and thousands in property taxes. They move to places like AZ, which is one of the if not the fastest growing states in the country. Feels like some of the stats are confirmation bias towards wanting a break in the market. It feels much more like a plateau market, not some 2008 a lot of people are hoping for. It does suck for new home owners, I wish the best of luck for people without a home trying to start a family.
Thanks Graham
You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
can you endorse any ?
TERESA JENSEN WHITE does a perfect job. look her up on the web
thanks a lot . Found her website and it really impressive
I used to have a home in Austin, Texas. In 2008, my property tax was about $1,200/yr. Before I sold it in 2020, I was paying over $6,000/yr in property tax! My neighbors and I even went to the city of Austin tax office to complain about how ridiculous this is and they basically said, “If you don’t like the increase, sell your home!” 🤦🏾♀️
I think I missed something somewhere… why do you sometimes say “what’s up graham it’s guys here”?? There must be a story behind that because you have said it lots of times. 😀
What’s up housing, it’s bubble here
I keep telling folks about the little birdie that whispered in my ear. The little birdie whispered that a buyers market doesn’t start until after 2027 regardless of where the interest rate is going. It’s more about Supply/Demand, in which the supply will continue to be a problem. Some of you won’t pay attention to the little birdie, but many more will.
*Belleair, FL Housing Prices Crater 28% YOY As Demand Dries Up On Toxic Market Conditions Across Gulf Coast Florida*
This < is exactly right is pretty good content in my opinion.
He is the most practical trainer out there. When i contacted him, he didn’t embarrass me with a bunch of technical terms and all that. he was very plain, approachable and made me understand the concepts of winning in plain English
Another good one, Mr Gerry Schmidt is becoming so helpful than I ever imagined he’d be in this space.
I invested with Gerry too, he understands every beginners intention and fix you to a trading plan that matches your capacity.
This is very impressive , meeting Gerry Schmidt has been a blessing , I never thought I would make so much profits in a short period of time.
Whatsup Graham its guys here😂
Why do dumb people continue to make grifters rich.. Save your money and do something good for society with it…
I wish the housing market will collapse right now
Puts on my portfolio
What happened to the jump to second
Hey Graham, So my wife and I are trying to save to have 20% for our first Short Term Rental home (we rent in a LCOL area). With inflation now, i feel horrible just leaving money in a “High Yield savings account of 0.6%”, any recommendations other than I bonds to keep money for 1-2yrs till we have enough capital or just max out 401k and buy a house in 2-3yrs?
What’s up Graham, it’s guys here
😂
Actually there’s a lot of cities and metro areas that are currently overbuilding. California, middle Tennessee, Austin Texas, the Carolina’s and gulf coast Florida all have massive amounts of building contracts by comparison to the relative jobs and size of local economy’s meaning there will be a lot of extra housing and lots of canceled contracts.
Yay ! Finally my 10$ an hour job can actually do some damage . Very sooooon ……. 😂
Buyers are put in a waiting list. Builders do not allow buyers to pick and chose anymore in DFW.
These county governments are definitely going to get greedy with the tax assessments
Graham…. you have to earn my “Like”; I don’t just give them away. 🤭 chuckle
Glad to see you weren’t looking to compete with owner-buyers just trying to find a family home for themselves. You have a moral compass!
Not here in Germany I can tell ya
In Texas it’s not 10%!! It’s gone upto 60%
Can u stake with ftx?
Im seling my house this week before the peak
he started the video saying ” what’s up graham it’s guys here” isn’t that backwards?
3:30 What we’re also seeing is the share of people using ARMs has almost tripled this year (source: Mortgage Banker’s Association for loan apps).
I stopped watching this guy because all he does is make click bait videos with negativity in them. Another guy lost to the money hungry YouTube algorithm. Sad to see you go. This content will never work on tik tok.
Hope rates hit 10% so the 80% of people who finance their home purchases are forced into homelessness leaving all the houses to me to buy for cash. I will then rent these houses out for profit as a modern gentry class with the renters as my serfs.
There will be no housing market crash this time
So bad idea to buy real estate dividend stocks
we are so screwed
TX has homestead exemption, property taxes can only go up 10% per year on primary residence
A house that began construction in my neighborhood in early 2019 is just finishing up this year.
What’s up graham it’s guys here
I just bought a brand new house (new build), on a 3/4 acre lot, in a master planned community for $266k and a 4% rate. Not too sure what everyone is comparing for. Find good deals and have good credit.
I don’t think inflation and rising interest rates will significantly hurt real estate appreciation. By definition, the cost of housing is part of people’s perception of inflation since most families will spend more on housing than any other category (even though housing isn’t contained in the core inflation rate but it should be). Inflation is caused by excessive money printing which is basically the devaluation of the US Dollar itself. All other things that is not paper money (food, energy, real estate, cryptocurrency, etc) keep their relative levels at equilibrium with each other but the value of the dollar just keeps on going down so real estate prices must go up. Another way to look at this is that, even if interest rates push the price of a monthly mortgage payment up the average wage also goes up and keeps pace with inflation so the average person can pay more for mortgage thereby enabling the price of housing to rise. People will demand raises in the current tight labor market that keeps up with inflation thereby allowing them to bid up the price of housing. There’s no fear that housing prices will drop any time soon unless we start to get very high unemployment.
“Whats up Graham its Guys Here” 🤣🤣🤣 Per your opening.
I’ve been very aggressive with my investments but I still make very little profit. However, I’ve really been reading about investors that made upto $350K NET PROFIT in 2months and I’d love to know how I can outperform the market and make such profit.
facts, I’ve been investing since last year, up 300% and haven’t lost yet, nothing but profits and gains.
@Lopi Tule what have you been investing in?
there are actually no particular sectors i focus on. I have been copying trades from a broker named *’Natalie* *Andrea* *Bows’* since last year. that was a smart move since my portfolio has grown from 200k to 550k. my account just mirrors what she trades and not just on some particular industries of my choosing.
@Lopi Tule I have watched so many videos on how to invest without losing completely but I am unable to wrap my head around it.
her consistency is top notch and one of the best i’ve seen, my portfolio averages a 25% growth every month.
Is FTX easy to use for a beginner ❓
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My parents have seen property taxes going up which is concerning for seniors on fixed income. The new woke order doesn’t care about seniors. They care about erasing college debt but do nothing for seniors because they are aren’t a radicalized voting block.
I usually watch other videos 1.25x speed, or even 1.50x. When it come to yours, I have to set the playback speed to 0.75x because you are speaking so fast 🙂
Everyone is getting fucked. High rates and property taxes and then if you rent you have to deal with rent rising. Im super fucked living in IL.
Texas property tax is brutal
again I’m simple man: tell me to smash the LIKE button. Me do i!
Spastic hand motion makes these videos hard to watch.
Lol
Graham’s gesticulating game is 10/10
A good video to go with these last two might be taking your original entry into the real estate business and how to prepare such as when and what to watch for if someone wants to get into real estate investing. Some people who don’t make a large sum might find it good to start preparing for any large correction/scare/panic and when and how to capitalize off any real estate “correction”