Lets talk about the current state of the housing market, where real estate prices are headed, and what this means for the future of values – Enjoy! Add me on Instagram: GPStephan
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HOUSING STARTS:
When it comes to this, the chief economist of First American was quoted as saying: “Builders are responding to the decline in affordability and cooling demand by building less, but a slowdown in construction is concerning because the U.S. continues to face a housing shortage. We need more homes, not less.”
BUILDING PERMITS:
In places like Dallas, it was said that: “A combination of supply-chain challenges for builders, higher mortgage rates, inflation, higher building materials costs and labor shortages, and general economic uncertainty are some of the reasons being cited for a slowdown in construction.”
NEW LISTINGS:
It was just reported that: “The supply of homes for sale jumped 9% last week compared with the same week one year ago,” according to Realtor.com. Redfin ALSO found that “new listings rose nearly TWICE AS FAST as they did just one year ago.”
HOME AFFORDABILITY:
A report from Black Knight Research found that “the monthly principal and interest payment on an average-priced home, by a buyer who puts 20% down, has gone up by roughly $600 —44% — since the start of the year”…and, this is a major deterrent preventing more people from entering the market…just consider this.
HOME SALES:
As of the other day, the MEDIAN price to buy a home just broke $400,000 for the first time ever, in history, representing a 14% increase from the year prior…and, even then…”Eighty-eight percent of homes sold in May were on the market for less than a month.”
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“Brought to you by our sponsor Blackrock” lmao 🤣
@Graham Stephan I chuckled 🙂
Lots of FOMO going on here. Not to mention a lot of greed.
right after the cars… almost like this video is just about getting clicks.
Here’s a thought. Stop buying rental properties and force people to sell their rental properties. Single family homes should not be an investment that rich people can hoard and force the working class to turn half their paycheck over to them simply because they were able to accrue wealth before someone else.
This is definitely something to watch!
Please don’t ever show me a picture of a baby pigeon agin.
I agree! People that were ready to buy already did. People trying to get in on the back end missed the low(!) interest rates so purchasing now doesn’t make the most sense. Higher prices and higher rates? The slow down isn’t surprising at all. It’s absolutely not the “bubble” ppl were betting on. People who purchased can afford their homes and don’t need to go anywhere any time soon. I’m just glad we decided to rent our last home instead of selling. I expected a plateau of sorts but a free for all bottoming out? No. In any event we can ride it out…
House prices are not going to plummet like they did last time, they’re still going to be ridiculously priced.
This whole inflation thing was planned to create a collapse so the Wallstreet could buy all the properties so we could own nothing and be slaves. Slaves to the system of 9-5. Never advancing through real estate.
Hey everyone, house prices will go down. Don’t worry. It might just take some time.
U got funnier
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. The advisor I use is “Dawn Marie Gatti” she’s verifiable , so you could just search her.
This recommendation is coming at the right time because i am literally grasping for straws atm! I looked her–up online and scheduled a phone call with her.
@Yolanda Griffin Count me in because I’m placing my trades with this Dawn,This is the kind of information that we don’t get from most Youtubers I will get in touch with her right now.
My Uncle has steadily invested over the years he has some 400k in investments no matter what it does he sits on it doesnt freak out he just rides the waves and adjusts
Bro these scams are getting ~sophisticated~
I am sorry but I got disagree. we are heading in a depression and as more and more people loose their job, less people will be able to afford these houses. Companies nationwide start laying people off as is. There will be a lot of pressure on this market between high interest rates as the Fed keep increasing interest rates and loss of job. This will simply result in a crisis in the market.
haha blackrock joke deserved the like
Rental prices are going way up. Because more people are renting, and people are now able to be evicted after missing rent, post covid, property owner are turning over tenants as they slap on new paint and charge 300 more per month
Thanks Obama
This video feels off… my wife and I have been watching the market and where we are located houses are already 20-50k below what they were just a month ago. Rates are going up and recession is setting in, which will drive prices down. They might not crash like 2008 is my thought since that cocktail had different factors involved but the reality is that we are heading into a recession and once that sets in Wall Street will start to bleed money. My advice is to wait it out. The worst feeling you will have is to buy house and know a year later you could have saved 50-100k or more just by doing nothing and being patient
Housing market is a regional thing. National information doesnt say much.
it all started when they killed harambe…
Most people are so poor that all they have is money, invest some of it no matter how small, when you invest you are buying a day that you don’t have to work.
A friend told me about him last month and how he has helped him raise some capital for business, I visited his page on FB and he has been guiding me financially even though I have not yet started my trade with the company.
@Rev Micha is he really that good?
I think its time I give this a try.
the amount of time we spend believing we can’t is more thank enough time to learn how you can.
Don’t fall for these YouTube comment scams where they say “oh this specific person” made me so much blah blah.. don’t fall for it
Amazing getting views for predicting the bursting of the housing bubble. Next a video on the danger of smoking and one about how speeding kills.
hands out of control. lmao
Lots of inventory and price cuts in AZ!
Lol, the real estate industry will push their BS hype to the end, prices are dropping everywhere in California!
Misleading title for views….🙄🙄🙄🙄🙄
mortgage lenders and realtors have had it too easy the last 10 years. they havent had to work to sell anything.
You missed a huge point. Your monthly tax, homeowners insurance, and any mortgage insurance(only comes when putting less than 20% down), are included in your payment, so in reality someone who is approved for a 1500 dollar a month payment is in no way buying a 350k home. Especially not in NJ/NY. Just sayin
It won’t crash or hasn’t popped even..you r just clickbaiting all the way to the bank
The picture of the baby pigeon is hilarious……..cause I’ve never seen one. lol
So, did he mention how these big corporations are buying up homes for 100% asking price with cash and then colluding with other whales to jump up the rent and artificially reduce supply by letting the properties remain vacant? That part seems kind of important.
The best time to buy is when there’s low interest rates and high supply, whatever the prices may be. This ain’t happening until next year for sure.
It’s not going to happen for the next 3-5 years.
My mouth dropped when you said your sponsor BlackRock…. 😂🤣😂
Curious how you find data reliable by comparing to last year when Pandemic protections forbade foreclosures. Foreclosures are low because they were banned. Even tenant that refused to pay rent even though still employed & I couldn’t even evict because of Pandemic protections. So now that pandemic laws are moving behind us, Only data moving forward can be reliable because of those extraneous/artificial circumstances?
Kind of upset at this, man. I freaking loved the video, and your take on current and future events in the financial world is something I look forward to hearing all the time.
But come on bro… this is so obviously clickbait and it’s sucks. “The Housing Market Bubble Just Popped” is not at all what is explained in the video. Sure, it goes in depth on what might happen or if it might pop in the near future, but not at all TODAY which is what the title infers. I don’t think you really need to resort to these clickbait tactics to get people to watch you. You could have at least titled it “Is The Housing Market About to Pop?” That would’ve been a good title and not at all misleading to all the good information laid out on here.
Just trying to let you know how you make some of your audience feel with these. Still love your content and will keep watching!
Keep up the great work!
The housing market was in a bubble. It has to come down. We printed $6T, that money HAS to be pulled from the market to stop inflation. Maybe not all of it but I would say more than half. You do this by increasing interest rates and quantitative tightening. Inflation is the single worst thing for the economy. It is worse that a stock market crash, it is worse than a recession, it is worse than a housing market crash. It is an economy killer. It has to be stopped before we sort out the rest. Powell’s problem is he is late to the party and is still moving too slowly.
Unfortunately, most people don’t get this,
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They’ve already been too ham-handed. Make no mistake…they want more redistribution of wealth towards the uber wealthy. This is just the latest muddling excuse.
I closed on a brand new house last February 2021 for $298,000. It has gone up to $572,000 in a year. I expected it to appreciate but not at that amount so quickly. I’m going to be sitting on a million-dollar house here in another year or two. Best investment I ever made!
So you obviously dont think we’re in a bubble
9:20 just save yourself the trouble and time of hearing yet ANOTHER real estate investor defending home prices and talking himself into not selling. He will change his mind much later, after he loses a lot of money.
I think if you had been in real estate like many of us were before the 2008 oddity of iffy REMIC trust fraud you’d know there is a lot more to this present market situation than meets the eye. The data has to be massaged differently than some think to be predictive now.
I would think a recession would put an end to housing market increases.
They should double property tax and use it to subsidize rent
It’s like that in Europe as well. People are buying real estate to rent. Second, third property due to negative interest rates on savings. The banks are empty and there are no real estate to buy, so prices go up.
I’ve got builders blowing up my phone begging my customer to buy. Offering closing costs and concessions. Oh yeah, the real estate market is turning lol
There is plenty of supply… It’s being held hostage by landlords and rich assholes with vacation homes.
Oh, and those companies buying up developments before anyone can buy them or just get out bidded aren’t helping either.
B l a c k R o c k ? ? ? ?
So people have less savings… they have higher credit card debt because they can’t afford basics or wants. But somehow there will be no foreclosures when builders make 50+% profit off each unit. Also how are people affording the houses when there are almost no employers paying enough to cover the mortgages? And we know people are having a massive amount of vehicle repos because you choose a house over your car. Annnnnd there are loads of vacant houses in the usa that people refuse to lower rent on. So this all seems like it’s a sham to let banks and corporations gain massive inventory
Why is there so many cuts in your videos
the solution is a progressive property tax and a requirement that single family homes can only be bought by individuals (not corporations). Double taxes on second single family home, triple taxed on third, quadruple on fourth etc. This is how you break the speculator’s business model and return the market to real valuation. Simple, effective solution that would bring prices down to reasonable territory within months (that is why the corrupt politicians would never support it).
@Grizzly Trade Strategies yes, that is a problem. The American people must make sure that every politician and ‘judge” that perpetuates this obviously incorrect and damaging notion is disposed of and never is allowed to work in government again.
This is an idea whose time has come, so we won’t hear about it from anyone with any political power.
Property tax is theft
Let me get this straight…so you’re saying to double tax single home owners? WTF? Do you even realize that property tax is literally theft in America, it’s unconstitutional. Some states have income tax, sales tax, and property tax…. It IS THEFT!
@Sam Thanks for the well thought out and nuanced answer. Good thing we are living in your fantasy world where there is no property tax. I think there is certainly a discussion to be had about property taxes but your comment is wack and childish.
The thumbnails look funny
Dude moves his hands like he’s a Bioware npc
Im part of the older millenial generation actually looking at buying my first home but Im waiting I refuse to buy something that has exploded in cost only to watch it tank in value after this is over
But I as you heard you might be waiting two years
@OlanWorld Thats fine I laughed when it happened last time I have a secure job in a industry that may MAY slow because of a recession but Im not in danger of a lay off Ill wait
@CynicallyObnoxious if you can wait, then yeah, if you see it as a better fit for you. I would encourage you to do a competitive analysis on you renting vs buying, you could surprise that you could be saving by buying or paying the same, but the difference is the monthly payments now go to your property, not the landlords. And now you have a property from which to leverage equity and purchase another unit, renting it out, and helps you pay both.
@OlanWorld Oh dont get me wrong Id much rather pay 500 to 700 a month for my property but I dont it to be devalued when all this over Id rather wait another year or two when things come down Im not paying 130k for something that was 70k just several years ago only to see thats what its going to be worth again
I believe that it will be the onset of stagflation that will eventually force the price index to change on homes. First, consider this: many buyers purchased in 2021-early 2022. In order to pass the “mortgage stress test” many if not most used every tool available to secure the largest mortgage possible. This actually even included getting into a 2-3 year term mortgages as they carried a lower interest rates than 5-7 year terms.
Well, those 2 – 3 year terms are about to pop…or should I say come due for a renewal. Now in 2021, many buyers squeezed into a 2 year…2.0% interest rate mortgage..paying perhaps $2,200 / month for a $700K mortgage.
Well, now those mortgages are due for renewal at 5.75%…at a monthly payment suddenly at $4,500 / month. Now some will absorb the $2300/ month increase with ease..but many will start to have extreme difficulties. This is specially when combined with the other items in the CPI basket…like the increase in price of food, gas and various services.
Now usually inflation and unemployment are antithetical in that if one goes up the other goes down…but there comes a point at which the faith in the marketplace starts to erode and investment in business ventures starts to dry up. That’s when you start to get unemployment..and with it…massive pressure on those trying to make increasingly massive increases in monthly mortgage payments.
This will then soon turn into distress, layoffs, and ultimately foreclosures.
Because the economic problem is global, no foreign investors will have the funding to come galloping to the rescue to buy this inventory, as they will have problems of their own back home.
This is when the price bubble not only bursts…it explodes….as it has many times before.
They say there is going to be a soft landing, nothing like 2008. Well they also said that inflation was temporary..and they all said it, including the experts on CNN and MSN..etc. I have my doubts and would like to see my presuppositions disproved….but I think this is going to be much bigger than people ever expected.
The only way for the bubble not to pop is by manipulating supply x demand, having high demand and low or no supply.
Thanks Sherlock!
Complete opposite of what Meet Kevin says
why are you moving so much and move your hands when you talk? are you a clown?
We’re about to experience a crash that makes 2008 look like child’s play.
Here in middle TN prices are dropping 20-40k and inventory is up.
So basically a video that says the bubble popped is actually talking about how it ain’t popping.
Makes no mention of the fact investors are sitting on millions of homes, and if and when prices start to fall, they will all stampede to the market to sell before the next guy, which could spark the crash.
I see a lot of NPCs in the comments saying a recession will collapse the market.
In a lot of growing cities property management companies are purchasing 30-40% of single family homes. A recession will make people go bankrupt and default on their home, not a company lol. They will receive a bailout and for the few who don’t a company going through bankruptcy and liquidating assets is a far slower process so those home wouldn’t hit the market for a while, if they do at all and aren’t immediately grabbed by a different property management firm
I hate democrats for ruining the economy
Graham is so tiny i just want to put him in my pocket.
Change your title. Nowhere in this video did you ever mention nor prove that the housing market bubble “popped”. If anything, it’s still the same but people aren’t buying houses as fast.
That clickbait is frowned upon.
Don’t fight the Fed my good friend…. _Don’t fight the Fed._
*Santa Ana, CA Housing Prices Crater 14% YOY As Double Digit Price Declines Blanket Orange County California*
Don’t fight the Fed my good friends…. _Don’t fight the Fed._
*Santa Ana, CA Housing Prices Crater 14% YOY As Double Digit Price Declines Blanket Orange County California*
uhhhh house prices are dropping all across Northern VA….. I’m seeing price drop on listings daily.
You stated that rent has remained consistent and showed a graph with Owners Equivalent Rent. Is this a fair measure considering it’s a price that nobody pays? They ask homeowners what they think they’d pay as rent for their homes, not what people are actually paying. Wouldn’t looking at actual stats on rent be a better indicator? Love your videos just something that popped up for me. OER just always seemed like a nonsensical stat to help people pretend inflation isn’t as bad as it is.
Vegas prices are nuts. No way my house is worth the Zillow price. But then neighbors sell for a lot. Doesn’t help Vegas has a growing tech industry. I could sell but then where do I live. even Pahrump is going up.
Talk about rentals next. Seniors can’t get mortgages. This needs to change.
I’ll be renting for the entirety of my life.
People should just buy ugly cheap houses
Soo.. basically we’re still screwed
0:49 you was seconds away from getting unsubscribed 😂.
🤡 🌎
I just saw a house auction in a neighborhood where the avg house sold was 250k sell for 285k. Easily needed 25k worth of renovation. Ridiculous. And yes, I’m in Nashville.
I moved from Sacramento to Cincinnati and bought my first home in a kid-friendly neighborhood with a 3% rate back in Nov. No regrets!
A home for 350k in CA? Unicorn
These repetitive thumb nails really are a drag. Little bit of creativity would go a long way.
This thumbnail is legendary
So basically, unless I have at least $60k or more to put down, buying a $300k home anytime soon is unrealistic, is what I got from this….
You can afford a 300k house with at least 30k down :/
@Cristian M true but 20% down avoids paying PMI
In Vancouver and surrounding areas I’ve heard as high as 20% of homes are empty and owned from out of country owners. What happens if they start putting those on the market?
⬆️Hey mate
Thanks for watching have something to share with you
hit me up.
basic building supplies required for every home are at an all time low and prices at an all time high. it’s not surprising.
LOL
This video was a Waste of Time!
That 40% reduction in delinquency is a stacked number, based off of the home repo hold that was in place for over a year and a half. Now that those holds are being removed, unfortunately things are going to go pear shaped for a lot of homeowners who were unable to, or did not, make their payments in that period of time. Enjoyed the video, thank you sir!
Welp. Let’s go Brandon. -_-
Don’t listen to this guy, wait a year or two to see where the market goes. Feds just raised interest rate by 3/4 points today. Inventory has increased to 18% from a couple of months ago. DYOR.
Housing approvals slowing down impacts different housing markets differently. For example, in Australia, new builds only make up 1.5% of all housing supply – so they mean basically nothing for the housing supply/demand equation.
When he said Blackrock it took me a sec lol
2022:Another NYC catastrophe housing bubble
4:32 😂😂😂
Who are the idiots buying in the mkt pump ? 🤦🏻♀️
He has the most plaintive thumbnails. They’re so dramatic
I came out of rental properties business and started investing in US stock market. US citizens are lucky to earn millions thro pre market trading but since I m Canadian citizen, I cannot trade in premarket. I day trade and earn 8000-10000 every month investing in Tesla .
I subbed for the sense of humor. Loved the pigeon.
When price drop as fast as they climbed, Justice will be served.
This video did not age well
Saw a agent sign said ” too late” but you can book a tour on request. It means nobody wants to buy the house and the owner took the house off market.
But all these speculations presented here are not factoring in the runaway inflation we’re seeing. Some people can barely afford *groceries* now, and it’s only getting worse.
I think things are resetting as of now in the background. As a carpenter in SoCal the way we build is so different we used to build dozens of houses a week at a time with homes sitting vs now we don’t start building unless homes are bought. And the shift isn’t building stops but we’ve built so many more townhomes and condos and apartments vs single family homes. The ppl with money will be fine but the middle class will need to drop a huge down payments and probably have a good cushion. Also a lot of developers will become landlords and keep ownership of the new buildings and just rent them out
This guy is broke