Go to https://drinkag1.com/graham to get started on your first purchase – Thanks to AG1 for sponsoring today’s video! Let’s discuss the 2023 housing market, why prices are declining, and what the future could hold, according to experts – Enjoy! Add me on Snapchat / Instagram: GPStephan
PROMOTIONAL OFFER: Get FREE STOCKS when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF – $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan receives cash compensation from Public for sponsored advertising materials. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/1DQup5c6YsXvhNXXAhcl5WPEwFPb6ccFP1aedDf1WN18/edit?usp=sharing
We shall see indeed sir.
Great video but missing one factor in directly a part of in certain markets for Florida and Louisiana… Homeowners insurance. People has seen a massive increase in premiums which is causing people not able to afford that mortgage even on those lower fixed interest rates and with new home purchases people are less likely to afford. Check Florida on how much inventory has increased in the last few months which mainly due to this. I’m in this industry, so I talk to these people every day.
Agree😂d
Hey, Graham – You should ask your viewers whats it like to not be able to afford to buy a house in your own country without help ! 😂
The fake Blackrock sponsorship too good 😂
Basically the economy is in a state of the rich getting richer and the poor getting poorer, and the middle class seemingly going away. Isnt this what Republicans always wanted? But sure lets blame Biden lmao.
FYI i dont give af about either party, I just think its incredibly dumb of how many people blame Biden for the state of the economy and always make it about politics.
Fortunately we have owned a long time. I’d be in a tough position otherwise. I think owning your home is better than renting period. I know prices and rents are high, but if I didn’t own I’d be doing my best to save for down payment and buy a home
guess what happens to high end apartments that sit empty or cant be rented. they suddenly become moderate rent apartments . that way they avoid this thing called bankruptcy. a building full of empty 3K a month apartments in boise is just going to eventually put more downward pressure.
Gonna make me install SponsorBlock eh smart guy?
Could you make a video which speaks to the financial differences, if any, between buying house for baby boomers vs buying a house now. Were the conditions comparable ? if not, what caused the conditions to change?
With remote work becoming more common after the pandemic, more people are buying properties outside the cities driving up prices. These people may not necessarily need to sell the city apartment either.
Far fewer new homes, but a record number of apt buildings. Might be the leading cause of the sustained increase in prices.
I hate living in Texas now its impossible to find a house because people in California cant afford to live in California because some rich SOAB in China wants to increase his portfolio by buying houses in the states, ridiculous
How is more apartments good? I want a house I can own not a jail cell in which I’m forced to pay a higher rate yearly or move like a roach
What about real estate prices in Asian countries
VANGUARD AND BLACKROCK OWN MILLIONS OF EMPTY HOMES CREATING A FAKE LOW INVENTORY
Supply is low. Supply of single-family homes is about half of pre-pandemic levels in the U. S. Most mortgages are 3-4%, so little incentive to sell and have to pay 7-8% mortgage.
I recommended a professional broker to you guys sometime ago, can I get a
person who invested with her
Comment below
Let’s go
Need a video on that ford Gt in the background
Forgive me, but I still don’t see how a house is a good investment, since it only seems to make a few points over inflation. The only reason I bought my house is because (since I own it) it is a hedge against possible out-of-control rent prices, and at worst, it locks me into at least pacing inflation.
Definitely, massachusetts on the list 😮the house market is higher than last year
Ranking best in education and best health care
Thinking about getting that real estate licenses
Why was I born in 1999😂
Of course the largest Realestate company’s are bullish! They can’t have to meet their quotas for the board of investors and the stock holders! They’re kidding themselves.
Boomers won’t sell their houses for a higher cost home and more intrest when they’re in retirement, they are stuck!
I can’t imagine working somehwere for $12 an hour. it literally costs $30 to even eat a cheap meal
My favorite part about getting raises at work is watching my rent (and rent for all other apartments remotely close to my job) increase twice as much as my raise. Feels great.
Vote blue.
The reason for the increase is because are dollar is deprecating.
Zillow:”we know it bottomed because we control the prices”
HEY MAN! People voted for this. Let them enjoy. 😂
Crash ??? It’s 800 for every 100k you borrow lmao with perfect credit … plus taxes cost of living. These people who are buying have no idea how bad they are gonna fall back on money n bills
People listen save your money and wait ! These people are gonna get top dollar for their shitty houses gonna take the little money you have and buy a gorgeous home with your money
There is no incentive to buy a home today those days are over it’s too maxed out
Housing will keep going up until there is a depression
There is simply no inventory, so prices will continue to rise despite high interest rates. I did a video on this topic from the investor perspective if any of you are interested in learning how to navigate the market right now!
So win the lottery, or move outta cali got it
so what you’re saying is: if the fed decreases interest rates we could see real estate prices boom and new highs can be reached?
I’m in the process of closing on a condo that cost $216,500. While the interest rate is higher than I would like, I still think buying now is a better decision than renting.
Capitalism is more important than anyone’s interest in owning a home anyway. Let’s keep focusing on the market, that was destroyed by investors, and not the solution, supply and laws limiting short term leasing.
And we’re only 15 months since the peak of the housing market in May 2022. On average, they take 32 months for the housing downturn to correct but the 2008 crash took 70 months to come back from and we’ve had a slightly higher % gain in housing price from 2012 to 2022 then during the same period leading up to the 2008 crash.
I love the content/information. The thumbnails with the silly faces are killing me. Hope that gets worked out.
Wage increases are stagnant and not on par with inflation, corporations saying WORKERS and their wages are the problem, yet corporations are turning record profits. Artificial inflation after covid. Prices for goods didnt have to stay as high as they are, companies are just keeping them there making record profits. And WE are the problem???
You’ve been saying this for the last I don’t know how long. I guess maybe one day your prediction will come true. There is a shortge of homes for sale in most big markets and prices have held steady. Things should get really interesting once interest rates come back down.
How much coffee does Grant drink?
Enough with the click-bait thumbnails Graham.
Give it a rest!
BLACKROCK!!!
Zillow literally gets to decide which way the market goes. They have a monopoly in the home search space and they get to decide the “zestimate” of a house. I’ve been watching the market for 5+ years, checking zillow every single day, as I’ve been in the market selling/now looking to buy a house. For the vast majority of houses, they sell very close to the zestimate. And on top of that, if a house doesn’t have a zestimate when listed, you can have zillow list the zestimate for whatever you list your house for. There’s no doubt Blackrock has strings to pull imbedded in zillow, controlling the “zestimates”
That’s wild the prices of homes have risen 76% since 2016. How does anyone afford a full on house these days I’ll never know
The only thing that ca fix this mess is a tax code change, get a 20%/yr on your third property (and more) and no LLC loopholes.
I guess this should be no surprise. The rich and large corporations need a place to park all of the trillions they were given during covid (ostensibly to stop a stock market crash). Regular folks are no longer driving the housing market, it is the rich and large corporations who are driving it. This is unprecedented. Housing is no longer a place for regular folks to use as an investment for their retirement. Just like the stock market, which is also for the rich only, the housing market is now for the rich only. Welcome to the new reality.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
That’s why I work with *John Desmond Heppolette,* who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that’s all I can say out of experience
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
I curiously made a research of his full names after reading what you shared, I came across his webpage on-line. My portfolio suffered a big hit, holding it further won’t be any good. I’ve heard of people netting hundreds of thousands this red season I’m really glad to see this…
black rock hehehe
Im about to live in a cardboard box at this point
I damn near turned this off after you started to say BlackRock, lol
You don’t need to say, “Why I believe that… my personal take is” in the same sentence, they mean the same thing. This is a high school minimum word essay style sentence.
Why is there such a lack of new development?
When everyone is convinced house prices will only go up further, it’s time to short this mother
Supply of single-family homes on the market is almost half of pre-pandemic levels. Low inventory = low supply, so no crash, especially since most mortgages are at interests rates far below the record high rates of this month.
just by the fact that people believe a crash is coming will make a crash occur since no one is buying.
you got me there on that blacrock 😅
It is challenging to make precise predictions for the housing market as it is still uncertain how swiftly or to what extent the Federal Reserve can decrease inflation and borrowing expenses without causing a significant drop in demand from buyers for everything from houses to automobiles.”
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
@LofgrenMark I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this professional that guides you?
Black rock joke was good!
Nobody is selling because they can’t afford a higher note… This info seems flawed
click bait
THE HOUSING MARKET IS NOT CRASHING WHEN YOU DO OT HAVE ENOUGH INVENTORY
People pan in and out into graphs with sketchy data to justify their position.
Fact is, don’t believe the hype.
New viewer here. I had this video playing while I focused on other stuff and 0:58 actually made me jump XD. That got me for a sec
After watching “the big short” I don’t believe anything about the housing market. Numbers don’t lie.. but remember people do and they fixed the numbers once. They can do it again
You have to be optimistic to make money and a little pessimistic to keep it. So many people my age were way to pessimistic to buy a house in 2013.
Hey Graham! Your video is incredibly informative, and I appreciate the way you break down complex housing market dynamics. The key takeaway for me is the importance of considering real returns, factoring in inflation when assessing home price growth. It’s an eye-opener! Now, I’m curious about your personal take on buying a home and the seven to ten-year timeframe. How do you think this strategy aligns with the current housing market trends, and what factors should potential homebuyers consider when making such a long-term commitment?
Thanks for sharing your expertise, and keep up the fantastic work!
You will own nothing, and you will like it.
We printed 13 TRILLION, to then send 200 BILLION to a war that it’s not ours.
BIDENOMICS
I’m sorry I don’t think they will go up. No one has money, no one’s moving, and I would definitely never rent
How are people still listening to this guy…
It’s getting destroyed I tell you. Destroyed!! 😣😲😭
Either a housing crash or an income surge needs to happen, the current trends are not remotely sustainable.
Of course, we have the bailouts of 0% down mortgages… get ready for an even bigger … thing, whatever ends up happening.
At this point my money is on the USD collapsing, if the housing market doesn’t become more reasonable to prospective homeowners.
Bideneconomics at work
i have a 2.6%, bought in 2020 at the low point, I have zero reason to sell, even if I were to move, I would make far more money just renting it out
That’s not what the numbers are saying
Is it true that prices are higher than inflation? Implying gouging
I live in the Midwest and they are building more appartment units than ever as you said in your video. My question: Why building so much when the ROI is low?
.
Great work Stephan. Are you expecting USA to go into recession in 2024? Why?
NO! The housing market is not crashing. The elite is buying it all up.
The housing “experts” told me not to buy my house in 2020 because it was going to crash in 2021. I used my stimulus to buy at 2.75%. If we hadn’t done that we’d still be renting with no end in sight. ALWAYS go with your gut and live within your means
The humble snail 🐌 is born with its house on its back. That’s all I’m saying 😅
the fake blackrock sponsor made me laugh so hard, that was super funny and good dude haha
Too much body movement. Highly distracting.
I am expecting a better returns from stock market in 7-10 yrs
Home prices are not coming down. Your only option is to demand a 46% wage increase.
In your analysis, wouldn’t it make more sense to adjust for *income* instead of inflation in your relative affordability analysis?
If I only had $50,000 when I was 16 years old back in 2009. Now I have money but not enough money. Lol
Oh no it’s not confusing… It coincides with times that they’ve changed the definition and calculations of inflation. That’s where you get that negative number. There’s a lot of misinformation here and I do not trust this video maker.
0:57 😂 good one!
I was like, “what the f….”
What’s everyone’s strategy here with their investments?
It’s a rollercoaster out there! Considering diversifying my portfolio into bonds for stability.
I’ve got a small capital, but I’m not panicking. Keeping an emergency fund and maybe some gold as a hedge.
I trust my financial advisor, BECKY LOU GORDON , to guide me through this. She ’s been a lifesaver in previous market turbulence.
This is useful information i copied her name and pasted on my browser and it was her website that was top result and his qualifications are excellent thanks for sharing
Remember to stay informed, everyone. The market will recover eventually. BECKY can certainly help us weather this storm.
Real estate market is underwater
I wanna die
Rates are rising faster than wages. So are prices. That’s enough for people to know to predict the future of housing. Add the pressure of inflation in consumer’s budgets. You get the idea.
I am no supporter of maga and the gop which has proven to be extremely corrupt. However these more recent insanely high interest rates have sunk what was left of affordable housing and the entire real estate market -especially for middle America. Biden’s Fed hyper high interest rate policies to ‘curb’ inflation did not work. This ‘strategy’ has only backfired and made everything worse to the nth degree. We are going to have to sell our small home and try to figure out what to do next. We were working in the real estate industry and had two closings a couple of months ago. But no more. All is down and frozen. We will not be voting for any political party in 2024. Both political parties in the U.S have proven to be dysfunctional and broken. This prolonged hyper high interest rate hike ‘strategy’ was and is a complete economic and livelihood disaster. This country needs a rational sane 3rd party.
America is trying to stop u from ownership. The rich is eating the poor
You keep saying the market will crash yet here we are SP 500 keeps going up… clickbaity garbage
there is no housing crush..soon
Your videos are good and informative but you talk too fast and throw in a lot of figures and %ages. Sometimes I feel like I’ve watched your videos and learnt nothing due to the data overload, Still like your vids though,
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you’re cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
Soon, cheap homes won’t be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can’t just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
Could you kindly elaborate on the advisor’s background and qualifications?
The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She’s established.