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THE 2022 REAL ESTATE MARKET:
BUYERS:
It’s difficult to place a “once size fits all” approach throughout everything – although, some markets have already started to see a net decline. In fact, Boise Idaho saw more than 60% of their sellers issue a price reduction, along with 50% of sellers dropping their asking price throughout Denver, Colorado, and Salt Lake City, Utah. As a BUYER – fortunately, you’re in a good position to negotiate, make lower offers on properties that have sat on the market, and – not worry about losing a deal, because – most likely – another one is already listed.
SELLERS:
Realtor.com found that “the share of homes that reduced their list price reached 14.9% in June versus 7.6% a year earlier” – meaning, sellers can no longer ask unrealistic numbers and GET IT…but, even as of recently: nearly 5 offers are being received for every property sold, with more than 50% of buyers still offering over list price.
RENTERS:
Just recently, a Realtor.com analysis found that – in metropolitan cities – rent increases have finally begun to slow down, and – in some locations – EVEN REVERSE – as demand begins to subside. In large cities, rents have simply increased to a price that tenants are unable to pay. Bloomberg noted that, after rents rose almost 12% year over year on the average 2 bedroom apartment…they’ve begun to come back down…with a decrease of 2.9%.
So, overall…it’s definitely apparent that…we are finally beginning to stabilize, and enter a new phase of normal that isn’t just “prices keep rising indefinitely.” From what I can see, mortgage rates have begun to hold firm…and, even decline to 5%…prices are still increasing, albeit at a slower pace, and rents are only going to go as high as tenants can afford.
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In other words … he said nothing . Just rambling on things we already know lol.
Only people who buy houses and condos have these kinds of problems. The people who buy HOMES don’t care about markets and house prices.
A whole lot of talk and no value!
So, I paid $160,000 for my house and now I can sell it for $310,000 but if I sell, I would have to rent a apartment which mean rent will cost over $1300-$1400 or more a month and my mortgage payment is $1,054.
been feeling this was going to happen for awhile. It’s just not logical to think that these insane prices are realistic and sustainable. So many people were trying to curb the anxiety about a crash, saying that it’s unlikely the market would crash. People say what they want to think and hear, especially real estate agents so thank you for being straightforward and REAL with your subscribers.
Adding this comment for you to look in the past and say “this guy was right” which is basically “There is no crash coming, the markets are going to continue to go up. They are over selling small adjustments in price”
i bought my house early this year. if the market crashes, i will take out my money from my roth and use it for a down payment for a rental home!!!
if you live in a bad neighborhood, yes it’s going to tank. desirable home will just keep going up with time. location, location, location.
Few weeks ago you claimed real estate would remain steady for many moons ahead, perfect for value investing
Please try to stop waving your hands around when you talk
PLEASE STOP WAIVING YOUR HANDS AROUND SO MUCH. ITS REALLY OBNOXIOUS.
Grapham is lame as hell, saying this only after it real estate market dropped. Just one month ago he says no.. it’s not crashing…am holding.
Check out what happens in other countries when there’s hyperinflation, I prefer to sell soon rather than having an hyperinflated value of a property in a country where you can’t even sell or go out because people will kill you to rob you and you can’t even get food. Other examples Venezuela, Zimbabwe, etc.
that’s exactly what they want to happen in America.
Lucky you
so winter is not coming? im so confused
Stop.many.
VRAU.100/%.
As far as Los Angeles goes, I was looking as a renter and there is an abundance of brand new 20-300 unit apartment buildings that were built in the last 1-2 years on top of that I believe around 20k+ brand new apartment units are about to flood the rental market compounding the crash in rental prices
N they deserve every part of the crash.
@@Simply.Homicide 100% they do. Can’t believe the true cost of living increases in the last couple years.
Graham: “This isn’t a fancy video”
Also Graham: Has fancy charts and flies to LA to interview someone
I like to Watch his hand ✋ moving in the air 🫠🫠🫠
Stephen has never touched me
I swear, all this guy posts is click bait. Never actually contributes anything of substance. Cashes in on them clicks though.
This is why you live on the country, where demand is so low and land really has no obscene value. My home has not increased in value very much, so my taxes are low, the area changes very little as it’s all surrounded by generational farms.
lol Boo Hoo I have multiple houses.
Cute picture 💋
It’s a correction not a crash
Sell. sell, sell everything. Or maybe not.
I’m relocating to a new city and so I’m in th market for a new apartment. My cap rent I’ll pay is $1,500
If it’s any higher I’ll tell them thank you for your time but I’m not interested in this place. Yes it makes it harder but it helps me not to fall victim to outrageous rent prices and I’ve found some good ones.
very annoying bait and switch title.
Look at northern neighbor to see a glimpse of the future
Ah, a home for my wife and new baby, what a dream…
Be greedy when others are fearful, and remember that Graham’s primary source of income is his Youtube channel.
And??? Grow up.
Title of the video was a little click-baity?
That fool doesn’t know what he’s talking about you don’t either it’s going to take a dump
Please stop waving your arms around
😂tysm for Steve martin
So basically your title was misleading and just click bait. GFYM
Not name your first born after seller 🤣😂💀
listen carefully what he says and do the complete opposite👌🏼
Dave Ramsey would disagree.
Thanks for the news. 🗞️
Florida – miami in particular is it’s own beast. I’d be very interested in a video on those of us who live there
Can wait until it all come crashing down. Realtors needs to learn to work in the sun. 🦺
gotta talk with your hands less. It’s literally distracting
You know the world is fucked when you can make more money making clickbait youtube videos than real estate.
I just bought my 9th property…turned it into my mancave so I can avoid the wife and garden. HAHA
How do you qualify for your rental property home equity with good credit and a low paying job. Renters cover rent now and would cover the rent with refinance cash out?
Will the FED will save the housing market or the dollar? Do you really think it’s a hard choice people?
“largest housing crash is coming” clickbait title of video. Actual content of video – most likely things will continue to stabilize and it’s actually a good thing. Typical YouTuber. At least he actually put some real content in there.
You know what I find funny Graham? Experian having a major say in what a person’s credit score is and using that power/information to hawk credit cards offers to people. That’s what is called a conflict of interest. It’s makes it more obvious what this credit score scam is all about and who was behind its creation.
Is this Gary Genslers brother in the white T
My landlord has just issued us with a no fault eviction notice as he is selling all his housing stock. The rental market is ridiculous and I cannot afford the rent they are asking and I work. So by november I will be homeless
Yeah, no real actionable info here. All fluff and filler with a little self promotion. Cheers
World wide housing Recession is imminent.
Graham, can you make a review about the “Arrived Homes” platform? I would love your input.
$32,000 returns in just 16days, my financial life is totally changed
I’m looking to buy for cheaper than the absurd prices now. The houses are not worth 25-50 percent more today than two years ago just because. Call me stubborn, but not happening.
Isn’t this also a lesson for you in the sense that you said in the past you never raised rents, you could have insulated yourself from a lot of that by doing so in gradual way during the good times? Any regrets there?
Thanks for the video as always
Click Bait Title.
Need to look at home prices vs mortgage rates, 1981 interest rates were 18%. Biggest spike in US history. What happens, people stop buying, people stop selling and stand off. Same thing happened in pandemic, inventory is dead low, what’s being sold are homes in bad shape because of greedy panic. People are afraid they will miss a big sell, news flash, more homes + higher interest + inflation = lower home prices. 2023 expect normal growth 2-3%, gone are the days of 2019-2021 boom. Sellers be prepared if you do sell, your losing a cheaper home, when you, if you buy again, you will see a much higher payment. Seller’s will soon drive themselves out of selling when the desired areas are still to high, now they must commute much further or settle for less. The bottom will come in 2022 4th QTR, homes will be 3-4% less than now. But rates will stay high as the fed draws money out of the economy. Not 20-30% like 2008, in took 42 months to recover, expect 2023-2024 prices to recover, 2024-2025 interest rate to reach high 3’s then 5’s again in a few years. We have 35% less inventory than 2008. Don’t be into the doom and gloom hype, bad news sells for more than good any day. November elections will open a lot of eyes.
123 smash the ….
so why id you sell ?
Have fun catching that falling knife
“any day now” (for the last 30 years)😂😅🤣
All signs are pointing to a catastrophic crash! Seems like we’re in for a nasty surprise but luckily YouTubers like you are giving viewers factual and logical data that can help them prepare themselves. Great video man!
I asked my buddy if he’s gonna sell any of his properties. He tells me, “not a chance.” Dude makes more from his rentals.
Pfft!
I don’t agree with Jason. I believe priced will drop and the market will turn into a buyer’s market.
I know only one thing, and that is a landlord will never lower their rental charge.
click bait title, considering you just argued how Dave Ramsey was wrong.🤣
Clickbait title
Need to be extremely talented to speak 13minutes straight and say absolutely nothing while even squeezing in a few commercials.
Well done ol chap
Obviously this guy doesn’t know 🙄 his title is dishonest. Shitty business tactic
The title of this video was clickbait. You spent the entire video saying housing prices won’t rise as fast or will stabilize while putting a title that says the biggest crash is coming. I’ve enjoyed your content in the past but my anti-clickbait promise is posing a challenge. Be better.
June is an eternity ago. Wait for the new numbers to come out in September
When you talk Graham, you sound very artificial. You talk like a commercial.
is the housing market going to collapse while Biden and Kamala are in the white house?
Great phrase “sellers are knocking the froth off the price”
We’re not going to see any kind of collapse. Demand for homes is still way too strong for that.
Irresponsible stimulus from the government is the biggest risk all of our investment choices face today- including housing
You are The best YouTuber when it comes to money finance and everything related
I get it, opinions change, new facts come to light, and I think ‘i don’t know’ is an acceptable answer in any casual conversation and way better than lying in every conversation. THIS GUY LITERALLY TOLD MICHAEL REEVES THIS WAS NOT GOING TO HAPPEN.
prices normalizing at these levels is a massive tragedy. You are saying it like its fine. Most americans will not be able to buy a house, and that is an extremely serious problem for the whole country, as corporations will have much more control through rental properties. Corporate owned housing is also an end to realting. As they will indefinitely own the properties.
Stop making these click-bait videos, you never explained why housing is crashing.
Gram. Not Your content I feel is redundant and vague. I think your more interested in the money generation from adds. Different then in the past. Good for you not so much for your viewers
San Antonio Texas used to be quite affordable. There is a brand new subdivision close to me with the smallest house at just above 1,500 sqft starting at $429,000. Having lived here the majority of my life, I can say that this is absolutely ridiculous.
me: buying flats
enjoy the high rent folks
Having not yet finished the video and being highly uneducated in housing matters, doesn’t a crash only really matter to someone looking to sell their property? For example, I’m closing on a property in a few days but that’s my last move ever short of stupid life happening. I have no intention to sell, no interest in treating it as an investment, it will only ever be my home. So does any of this even matter to me?
I would say no. It’s only particularly concerning for home owners who have over leveraged. If you’re coming into the market now and understand what you can afford, I don’t think it’s bad at all.
I’m no expert myself though.
How many buyers will take advantage of the opportunity….
People with a large following like this guy always end up wrong in the end. People have been talking about a housing crash for the last 30 years, its not some kind of revolutionary idea.
Inflation plays a huge role. If it was home prices alone that have gone out of control, then I would expect a major crash. But since the cost of goods have gone up at a crazy rate, I think it’s just going to normalize into prices that are still high. I’d like a small crash but oh well.
KEY WORD. You said Might lol 😂
Stable market? Sooooo… prices are good with real wages & job growth?
I learned absolutely nothing from this video. And your expert specifically said there won’t be a crash the opposite of your click bait title.
hello
I live in a hot market. I don’t understand when a good market will be. The only reason house prices are low is because of interest rates, not because people aren’t interested. Once interest rates drop, people are going to try to get back into the market.
Rent prices are just as much as a mortgage, so why would I not take advantage of owning at a low cost and potentially refinancing down the road?
I sold a couple of homes in the Tampa area for pretty good cash and I’m thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it’s a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I’d love to know how.
look at it this way while some folks are waiting to make minimal profits when stocks recover, some others folks already know where to look and what to do to make hefty gains in these times, so yea, it all boils down to knowledge to risk mitigation.
@@sheliaswelttk2535 True, I was in dilemma myself due to this chaotic mrkt, wasn’t sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red and the economy isn’t looking promising, but I began gaiinng clarity and have more confidence in my invt through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren’t essential, but come to think of it, they’re better trained and equipped at this and if I have to give just a little amt in fees for me to be able to net $650K in less than 8months like I did this year, I truly don’t mind.
@@williamskohler8337 Omg you made 650k this year? Who is this coach that guides you?
@@gabriellewilson5625 Yes i did, and Tracy Helene Aalvik is actually the one that guides me, she’s a highIy-sought out advlser, so I’m not certain she’s accepting new intakes but you can give it a shot. It wouldn’t be proper to just leave her number lying around, but she has a webpage you can look at if you google her name.
@@williamskohler8337 This recommendation is coming at the right time because i am literally grasping for straws atm! I looked up Tracy Helene Aalvik online and scheduled a phone call with her
Ho hum…….another housing crash video.
Graham is a YouTuber and not a legitimate investor of any sort. These guys are sleazy salesman at best and grifters at worst.
I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.
For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 35 – company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I’m 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays.
Carol Vivian Constable is the licensed advisOr I use. Just research the name. You’d find necessary details to work with to set up an appointment
Man I can’t do it anymore with the click bait. I’m unsubscribing
Still waiting September 2024 :-)😂