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THE 2022 HOUSING MARKET:
On the most basic level, we have the numbers that everyone is talking about: Mortgage demand fell to a 22 YEAR LOW as rates have almost doubled from a year ago, mortgage applications are 18% lower than the same week in 2021, and refinances saw an 83% drop year over year.
BUT – the one piece of data that matters the most, is that for the first time since prior to the pandemic, Median prices have started to DECLINE, MONTH OVER MONTH, with prices now $10,000 LOWER THAN THEY WERE, JUST A MONTH AGO.
As the National Association Of Realtor’s explains, the ongoing sales decline reflects the impact of higher mortgage rates, which peaked at 6% in early June, before now declining back to 5%. This increase SEVERELY impacted the number of buyers in the market, with total housing inventory having increased 4.8% from the month prior – meaning, with fewer homes being sold, there’s more AVAILABLE for buyers to chose from.
HOWEVER, even though they ADMIT that “we’re witnessing a housing recession in terms of declining home sales and home building”….nearly 40% of homes are still selling at full list price, and properties were staying on the market for a record low of just 14 days in July.
On top of that…82% of homes sold were on the market for LESS THAN A MONTH…suggesting that, even though prices ARE beginning to fall…they’re not declining as fast as most people would expect.
In terms of falling home prices, The largest drop, so far – was San Jose, which recently fell 4.5% MONTH OVER MONTH, along with Phoenix Arizona, San Fransisco, Austin Texas, Sacramento, and San Diego – while areas like Miami, Richmond, and Memphis, Tennessee actually saw a slightly INCREASE.
On top of that, Zillow REVISED their forecast to show home price growth at just 2.4% throughout the next 12 months – which, WHEN adjusted for inflation – is likely going to mean: REAL PRICES, OVERALL, WILL PROBABLY DECLINE.
Moody’s Analytics ALSO believes that a large portion of the market will see a decline throughout the next year, with the most “At-risk” housing markets being the ones that saw the MOST home appreciation over the last 2 years.
That’s why, the way I see it – unless you live in a highly speculative market – most likely, some softening is healthy, and it might be a good opportunity to negotiate a lower price on a property that’s otherwise perfect. Besides that, though, I wouldn’t worry about a catastrophic real estate collapse, BUT, personally – I would only buy a property that you intend to keep for at least 7-10 years.
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His hands are so damn distracting. It’s like he’s trying to orchestrate a symphony
@Maxx Chewning wants to have a podcast with you
Liked and subscribed. You should be on Dont Be Sour podcast! Itd be a huge show.
So what you’re really saying is Wall Street has stopped buying up everything with their endless supply of Monopoly money and home prices are falling back down to what they’re really worth?
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There’s always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.
As long as you don’t plan on selling for the next 10-20 years. COPIUM
housing market collapsing? bullshit!!
Don’t fight the Fed my good friend…. _Don’t fight the Fed._
*Winter Garden, FL Housing Prices Crater 18% YOY As The Toxic Rot Of Subprime Mortgage Defaults Looms Over Florida Housing Market*
Hi Graham, I totally agree with you😃
Bull he is guessing
Housing market will not have same way 2008 it went it will do oposite because they will not make same mistake but will do oposite to take back money from people they have printed in US so deflation u wont be able buy a house for ur money anymore. Buy before its too late
If you have enough money it is the perfect time to invest
How the heck does house price decrease for people who got a salary increase lower than the inflation, pretty much matching the house price increase. Aren’t consumer salaries the true measure for what’s more expensive and what’s not? Inflation doesn’t increase salaries because more value isn’t produced.
Great content but dislike for the clickbait. You are on a level where your videos don’t need that.
The only YouTuber I make sure I watch every video that drops!! Can’t wait to start investing once I graduate next year!! Thank you for always giving the best information and knowledge!!
ENOUGH with the clown. Avg DOM 14 days, 39% sold ABOVE list, 82% sell <1 month.
@Crater Tube isolated markets will behave differently. The numbers I cited are the most recent NAR numbers. Sorry to burst the narrative
@Jeremy James There you go again… taking falling housing prices personal.
*Sonoma, CA Housing Prices Crater 28% YOY As Inventory And Price Reductions Skyrocket Across California*
@Crater House are you seriously using TWO anonymous accounts to drive activity on this video?
@Appraisal Fraud Epidemic 🤖 go beep boop bop
@Jeremy James There you go again… taking falling housing prices personal.
*Sonoma, CA Housing Prices Crater 28% YOY As Inventory And Price Reductions Skyrocket Across California*
Depending on location you can see anywhere from a 5-20% drop in prices. I’m expecting pre-covid levels. I talked about it in my videos and interviewed people at the front lines!
@Crater Tube wow look at that. Thank you for the info
Only 18.5% of your subscribers watched this video. What’s going on Graham?? I was one of them, great information!!!!!
stop with all the doom and gloom click bait!!!! You provide valuable content and don’t need to stoop to this level.
As long as real estate is seen as an “investment” the housing situation will never be solved. It’s another cog in the wheel of making money. The only hope you have is to save and wait for the bubble to burst again and then vote to have wherever you bought the house to be rezoned for multifamily, only then can we solve the housing problem
@Rob Lowe its not more secure its just the only option. Thats like seeing a muddy puddle on the side of the road and saying see people keep drinking out of it it must be the best drink. Id argue that owning a home is one of the single most important goals for achieving good late life financial stability. How much is a 401k going to be kicking in when rent gets raised for the 3rd year in a row when your drawing on it. That money isn’t getting any better your just becoming incrementally more fucked. But nah instead of it becoming more affordable its seen as another way to generate revenue. rent is one of the single most hampering barriers to entry into the middle class and everyone knows it.
Maybe because house market prices is hyper inflated for no frickin reason
Graham, I’ve been watching your videos for a long time. But honestly, the number of ads you insert into your videos is starting to drive me away. A little less money making per video would be a wise thing to keep your audiance.
Yes so are the gas prices!
What’s up Graham its guys here. ok…
Haha this is the best to happen! 😈 yesssssss
Graham is going to be a has been in a few years & broke from bad real estate deals.
What’s up Graham, it’s guys here? 🤣
Good god quit flinging your arms around
Been looking to buy a house and not one person is lowering their price.
‘’Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.”
I keep on hearing expert Paul gustave’s name being
mentioned everywhere. Does she really worth the credits and reviews?
@Casino Şimşek yeah he does, he’s an
exceptional and lucrative broker at same time. I just bought my dream Mercedes from last weeks profit. All thanks to his expertise.
love his insights and innovative approach to how his ETF’s are run. So different from the stale methods of managers I’ve worked with in the past. He will continue to do well and I will continue to listen to him more. You can just put his name on your browser and you will be directed to his website and drop him your messages.
Thanks for the video and great information. I
am new in trading Bitcoin and its a very nice
thing. Do you know of a Bitcoin Expert who
can guide me through trading and as well
give
a mentorship tutorial?
@Dan Romero I know you can invest in your own real estate, but can you invest in other people’s real estate? Is it easier that way?
Houses in my neighborhood (85737) are falling $1700/month. Interesting because there is only one house for sale.
Of course it is worth buying, as it is profitable to mine Crypton cryptocurrency in the Utopia p2p ecosystem.
Oh boy, lets get advice from a 23 yr old…no!
No they havent. I wouldnt consider a $300k house with an asking price of $600k getting a $100k price drop a “housing crash”. Here in Florida properties for sale on realtor and redfin have a crazy fluctuation in price and you can verify that through the history. One house was listed in 2021 for $350k only to be increased to $600k in 2022 and is ultimately now being listed for $450k. That just goes to show you how home valuations can be looser than a 30 year prostitute veteran; at the end of the day a house is worth what the highest bidder is willing to pay.
It really looks like the whole modern world is going to collapse over housing
Only 10k less??
Can’t really say how but you’re just lying
They updated the page & now it’s up to a 25% drop in some markets.
R.E. is local. There is obviously a slowdown because of higher rates, but no crash yet!
In some markets, people still have too much cash on their hands
What’s up graham it’s guys here. Epic lol
It is about time things start changing for first time home buyers I have never seen so much greed and greed eventually will turn into poverty when everyone is wanting a place to live whether it is to rent and the rents are outrageous or buying a house I have questions for all you Realtors what would Jesus do
Damn, next year I might be a real opportunity
The housing market is not collapsing!!! Home prices are going up crazy!!! I waited since 2021 to buy and I regret it, you have been saying that forever and now people can’t afford anymore.
If you don’t do something about your financial situation, your income remains unchanged while expenditures keep rising. These got me seeking the best answers to invest my *50k $.* Any ideas here?
Good question. There’s no shortcut to getting rich, but there are smart ways to go about it.
My retirement is looking good cause I got great plans for myself.
I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned great returns (the amount is confidential).
The Housing market is leveling-off. Not Crashing.
feels like it’s made for kids
People are using the word collapsing when they should say adjusting.
This next downturn is going to make 2008 look like a walk in the park.
Here for the memes lol
Worth it lol
The housing market are taking by corporations also the rentals.
Thanks for this, quick question. Given that currently, the real estate market has been a mess and considering the present economy, is it better to invest into Real Estates or into Stocks. Which would yield better output. Considering a young mid income, short term person with not so much spare time.
@Sakha Little Thank you
@Marlena Jarnagin This right here is the second time I am coming across this name in a week. Came to my school for a program and it was lit and yes, she has a really cute southern accent.
@Bertha Yamaguchi 👍
@Marlena Jarnagin Guess she does. I am neither from there nor do I stay there hahaha.
Pump it,. Pump it, Pump it more.
Morrrre, Morrrre, Fu**ing Morrrre.
Ok, now dump it
I love your videos!!!!!! So educational 🥰
Seeing houses sell for $100-$150k less in San Diego (compared to Nov 2021). Still higher if looking at monthly payments.
There is an Opendoor house in my neighborhood that has ben on the market for months. They are asking a high price for it so I will bet the price will soon fall before it sells.
I’ve went off you. Thought you might be normal like most of us. Giving advice to the poor. Haha. I’m not watching you anymore.
house= money pit
WEF hand in hand with govts messing up the economy and people compelled to sell so the big boys can come in and buy up lots of properties, people can rent out room to a student etc to help with the mortgage, unless the mortgage was too high in the first place.
*Colorado Springs, CO Housing Prices Crater 18% As Subprime Mortgage Implosion Accelerates*
Sweet
Housing prices are all relative. With home prices tripling in the last few years, prices have a long way to fall especially with higher interest rates.
Inventory will increase , building material costs will deflate, and prices will stagnate because interest rates will not decrease for some time to come. Just how much do you have to spend on a home anyway. Interest, taxes , insurance, utilities, repairs and up keep are all monthly expense. A sales person wants your money and will tell you anything to get it. In a real economy housing doesn’t go up like it has the last few years. They are burying you in debt trap.
Am I the only one who heard “What’s up Graham? It’s guys here” LOL
I thought I was tripping. Lol
Before the pandemic, I was getting into stocks and was hoping to get into the estate stuff. Then well… Yeah
I’m not greedy I just wish to buy a place for my own with the price of 2011
Graham u should be a ashamed of your self the market is not dropping at all. U are worst than ramsey
Is this just ads for his sponsor ?
what happens when a generation starts experiencing mass die offs, like boomers and gen x ?
“What’s up Graham, it’s Guys here!”
This guy is 12 take his view with that in mind. Remember , it’s all greed and panic .
My property value just went up. Graham, stop causing people to stress. You’re assessments are not accurate.
Owning a home is bullshit were being manipulated by big government and big buisness and flush cash buyers
Fake news. Prices always go down in the fall. Some markets are going down but nationally there is no “crash”. Supply is still lower than before the pandemic, while demand has only increased.
Lol
Humans need food, water and shelter. If you take needs away, you’re facing revolution.
Don’t revolt…get smarter.
@Kitty Watson good advice. 🤘
yeah Let’s listen to these scammers now after they pushed people into the worst financial investment of their lifetime that will cripple them from ever recovering from it. You are all nothing but a bunch of scammers. Couldn’t care less for people’s welfare as long as the commission checks get bigger and bigger
Same in Australia, the TV media propagandists are being wheeled out to spew their “it’s supply and demand ” bullshit lines to make people think it’s not the government’s fault or the greedy types they collected stamp duty off while housing was treated like another get rich stock market anomaly program.
Remember you are in control of yourself and you have the freedom to base your life off of principalities that you choose but my advice is to choose christian principalities and learn why they make sense and if you are willing to live and die for them. Learn the power of having faith hope and love and how you always have them with you unlike money,food,items
“What’s up Grahams it’s GUYS here 🤣🤣🤣🤣🤣🤣🤪🤪🤪🤪🤪🤪 0:10
Since most people in World have a Shame based childhood. Thus develops addiction to things like money.
As long all industries stay poorly regulated this drama won’t end.
The Supply and Demand was started in Business Schools so as to satisfy those with addictions to money.
Alot money won’t make you happy. It only makes the person not worry about money. – Said by some Millionaires
*San Diego, CA Housing Prices Crater 16% YOY As Embedded Mortgage Fraud Surfaces Across Southern California*
The greed is ridiculous!! The
Market needs to crash so bad that it will take years to get to the prices they are now!
00:09 Did any1 catch what he just said?? lol
houses are to high and so im waiting to buy dirt cheap a house with land and.. here is the problem why would you pay this🤑🤑🤑 $$$$$1,000,000,.000 or more 🤑🤑🤑for a house in the city the houses need to crash for that reason or be upside down in one or more…..
There will NOT be collapse…there will be a down turn..and this..if you can get a decent loan will make it easier to buy your house. Look at it this way…you must give money to someone for a roof under which to live…so give to the bank..and get something for yourself, or give it to somebody else. Your choice. As rates rise…downpayment requirements will fall. God bless you all!
If you need a good affordable house price text me up
I like your click-bait headline. That is not what your video is predicting!
“What’s up Graham, it’s guys here.” ?
This “collapse” isn’t like 2008, which was from bad loans to people that couldn’t afford the homes they got approved for. How many “stated income” loans have you seen since 2008?.. Didn’t think so. This current “collapse” will be more of a reset in the market.
If prices drop, interest rates will go up. If you buy with a loan, it makes no difference. Just bought a house with 1.7% interest, which is low as of yet. It will go up in the next months.
Good info, but please stop talking with your hands. Looks like your trying to take flight. .
it helps with retention
If housing prices come down that’s good to most.
Everything is overpriced. That’s why they should go down.
God crash these crazy houses prices please
The “A” in Zillow is for accuracy.
But wait….there is no “A” in Zillow……..
@GorillazGames
Nothing gets past you, does it G ?
@Steve Brown 😉
And honestly….your profile photo makes you look like someone who can answer my questions.
So a bunch of nothing.
YOU ARE NOT CREDIBLE!!
i am going to comment on every video so please don’t ban me from commenting i am not a bot, lol
so nobody’s going tp speak on the fact he just said “hey what’s up graham its guys here”
Speculators can afford to wait; not forced to sell. Many have locked in low rates they will never get rid of.
Only the over leveraged are forced to sell. Loss of job. Etc.
TNX GOOD brother TNX