Need advice about a real estate question and want to talk to an actual human being? Need a good agent to help you through the home buying or selling process? Visit my website to connect with me so I can answer your question or find the perfect agent for you! www.workwithjoerealtor.com.
@JoeRealtorКүн бұрын
Need advice about a real estate question and want to talk to an actual human being? Need a good agent to help you through the home buying or selling process? Visit my website to connect with me so I can answer your question or find the perfect agent for you! www.workwithjoerealtor.com.
@InnovativeSustainableSolutions8 күн бұрын
Thank you for pointing out the bs coming from political candidates about the housing market. The president doesn't control the intrest rate, that's the Fed. They don't control building regulations that impede new construction, that's local and state government. They don't control new supply, that's home builders like Lennar and market pressures. If you want to lower home prices Kamala, lower inflation by balancing the budget.
@beverlymarlin68379 күн бұрын
We had a robust economy under Trump. Lower gas prices, low interest rates. We were better off under Trump.
@memot192110 күн бұрын
Find you from Jackie Baker. I subscribed and will be tuning in.
@JoeRealtor9 күн бұрын
Thanks for stopping by my channel! Hope you enjoy it :)
@JoeRealtor11 күн бұрын
Any guesses on what the price on this property is?? 🤔🤔
@michelleporreca11 күн бұрын
$998k
@JoeRealtor16 күн бұрын
Need advice about a real estate question and want to talk to an actual human being? Need a good agent to help you through the home buying or selling process? Visit my website to connect with me so I can answer your question or find the perfect agent for you! www.workwithjoerealtor.com.
@JoeRealtor23 күн бұрын
Need a good agent to help you through the home buying or selling process? Visit my website to connect with me and get a great agent referral in your local market place! www.workwithjoerealtor.com.
@InnovativeSustainableSolutions23 күн бұрын
I rent a house in far north Dallas for 1900/month. That's a little less than Property taxes, insurance, and interest on the mortgage payment would be. I'm happy to rent for another year, save 2k a month and watch prices slowly come down. As a realator how far in advance of intended purchase date are you interested in hiring from a home buyer?
@JoeRealtor23 күн бұрын
Hello! That is a great question. I would start engaging a trusted Realtor about 6-9 months or so before you want to be in your home. Be up front and honest about your timeline and the agent will be happy to accommodate (or should be). I have clients that I have been working with for 2 or 3 years and the right home just hasn't come up yet. On the other hand, sometimes I work with clients for only 2 or 3 months. It really just depends on the timeline of the client and how they feel about the home buying process. Some clients know what they want, keep an eye on the market, and are able to make quicker decisions when homes come up. Typically, first time buyers take a bit more time (understandably) while clients that have bought and sold before can make decisions a bit quicker as they are more familiar with the process. If you need a referral for a good agent in the area you are looking to purchase, send me an email at [email protected].
@sobiakhan825429 күн бұрын
Great city we love this city
@InnovativeSustainableSolutionsАй бұрын
I live in far north Dallas, by Lewisville lake. New home builders cleared hundreds of acres of land by Hwy 720 and 380. About a year ago construction started rapidly, they were framing a house a day. Then it was a house a week, and now none. Construction today has completely stopped. There is clearly still over a hundred acres of land, with roads and infrastructure all prepared to build houses on. My personal conclusion, is that the prices have fallen so fast, the new builders know they cant sell them at a profit margin that is they are interested in
@mikefiles8616Ай бұрын
No housing market crash here in Macon GA. Probably not one nationwide either, due to lock in effect. Housing prices keep going up in this country, and would not be increasing IF everyone had stopped buying!
@JoeRealtorАй бұрын
Lock in effect is very real!
@mikefiles8616Ай бұрын
Think it is the Dallas Metro area in TX.
@mikefiles8616Ай бұрын
I agree with you 100% that the lock-in effect will last for at least 6-8 years. Those of us who have a 2.25 rate and on a fixed income, are happy to remain in our current situation!
@JoeRealtorАй бұрын
Exactly. Major life events could still lead to people in that position needing to sell, but voluntary moves are not going to happen.
@osvaldocaba8912Ай бұрын
Don’t believe this thumb tag. He’a still selling a narrative. Buying will ruin your life right now.
@JoeRealtorАй бұрын
Someone did not watch the video...
@InnovativeSustainableSolutionsАй бұрын
There are a lot of casualties in a market crash, you're right. Two of the first ones are property taxes and insurance. And these are KILLING people. My parents are on a fixed income. They have lived in thier home for 40 years. Thier taxes and insurance have gone up $5k/year in the last 3 years. Their are millions of other people in the same boat. Most people cant absorb that additional expense, that fast. Thats part of where the "rooting for a crash" mentality comes from. Good episode though
@JoeRealtorАй бұрын
Thanks for the comment and thanks for watching! You are correct....I do understand why people are rooting for it. I just think people need to keep in mind the other things that will occur in that event. I also agree that those that are the most pressured or those in areas like Florida and other states where insurance and taxes have really increased. I'm thankful for Prop 13 in CA which caps property tax increases at 2% per year. While taxes still go up every year, at least it is at a reasonable rate that one can adjust (or try to adjust) more easily.
@FarmerPressАй бұрын
@@JoeRealtor I think some don't know that a lot of people are doing really well right! The people who aren't well off right now are just screaming louder.
@JoeRealtorАй бұрын
@@FarmerPress Great point. Lower class wages have increased compared to decades past, we still have low unemployment (6% is considered fully employed and we are around 4.2) and more people have good credit than before. Hence, homes keep selling unless the market is over saturated with new builds (like Texas and Florida). I get it, people are frustrated with prices and want to make it known. It is an adjustment for sure, but this type of market takes around 10 years to develop and will take around 10 years to "fix". Thanks for the comment and thanks for watching!
@InnovativeSustainableSolutionsАй бұрын
@JoeRealtor Texas desperately needs a cap on the rate of increase of property taxes. Our governor has been speaking about that issue lately so hopefully there is some relief. I strongly disagree with the viewpoint that low class wages have increased relative to inflation. I think a 2 minute google search on minimum and avg wages over the last 30 years compared to inflation completly refutes that point. I would like to see data on the avg credit score going up though. That is interesting. I know that credit card debt is at an all time high of 1.1T. And that unpaid student loan debt data is not being reported after the current administration made it illegal to report to credit agencies. So even positive data should be taken with a grain of salt. What is your best guess about the direction of the Dallas (my town) real estate market over the next 12 months. Im saving for a house atm
@JoeRealtorАй бұрын
@@InnovativeSustainableSolutions I know Texas has some of the least consumer friendly property tax laws, so hopefully the government does do something to provide some relief. Wages of those in the bottom 10% (the lowest bracket) have increased almost 10% adjusted for inflation since 2019...so definitely moving in a positive direction. The average FICO credit score in the U.S. was 715 (good) in the third quarter of 2023. That’s up 26 points from 689 (also good) in the third quarter of 2010. You are right about credit...the overall credit debt balance for the US is high, however Americans are far from reaching their debt ceiling, at least as far as credit cards are concerned. With a total credit card balance of $986 billion and a total limit of $4.5 trillion, U.S. consumers actually have $3.5 trillion in untapped available credit on their cards (taken from Statista.com). So, definitely an interesting situation. I'm not local to the Dallas market, but I do have a few agent friends in that area. I think Texas will remain a desirable spot for people to move to and I don't feel that Dallas is part of the 'pandemic boomtowns' I mentioned that might lead to sell of (think Austin). Dallas has good schools which will always help property values. The median sale price continues to rise and the market still is somewhat competitive. I think it will stay that way, but, of course, things can change depending on how the economy does. If you would like to be connected with an agent in that area, I'd be happy to set you up with someone. Thanks for your thoughtful comments!
@user-ok9ue8gp6kАй бұрын
Don’t forget high utility bills (water) Forget about a lawn. Claremont often limits watering days. Many people have had to get rid of their lawns because of restrictions. High home prices. Two freeways running through town (10,210) South Claremont near Pomona which is a high crime town. Very Hot in the Summers. Limited street parking overnight. (30 year resident of Claremont)
@JoeRealtorАй бұрын
Thanks for the comment! I do mention the high cost of water in Claremont, and that it is something that should be considered especially if you are looking at a home on a large lot. Claremont only limited watering days during the severe drought conditions, as did most cities. However, we currently do not have watering restrictions. In regards to 'high home prices', well, that is relative. They are not high compared to Glendora, La Verne, Monrovia, or Pasadena. The 10 and 210 run through many cities and that is not unique to Claremont. The 10 barely runs through Claremont, really only clipping a very small portion of the south area of Claremont. The 210 is an extremely useful highway and I think most people would say it's convenient having that nearby. Claremont is no warmer in the Summers than many other areas of LA County and the San Gabriel Valley. After all, SoCal is a desert and warmer temps in the summer are common. At least it isn't hot like Phoenix, Palm Springs, or San Bernardino!
@user-ok9ue8gp6kАй бұрын
Don’t forget high utility bills (water) Forget about a lawn. Claremont often limits watering days. High home prices. Two freeways running through town (10,210) South Claremont near Pomona which is a high crime town. No parking on streets. Strict enforcement.
@oasistobeАй бұрын
You cited BoA as if they are reliable predictors of housing downturns. How’d they do at predicting 2008? It was folks like Reventure doing on the ground research that predicted that one before it all collapsed, but I doubt you were in the market at that time.
@JoeRealtorАй бұрын
Only a small handful of people predicted 2008. It's not a surprise many banks got it wrong (hence so many went away, including huge institutions like Washington Mutual). Reventure has only been around since 2019...as far as I can see. Nick with Reventure was probably in middle school when 2008 hit...so I beg to differ that he somehow predicted that correctly. And, if we are operating on his track record of predictions, he said the housing market crashed back in 2022 (along with "calling it" a few other times, which were incorrect). If I'm going to go off data, I'm going off the source that has been around a long time and is a pillar on that industry (like BofA) as opposed to some small outlet that has been around 5 years, mainly predicting things incorrectly. Thanks for watching and commenting!
@oasistobeАй бұрын
@@JoeRealtor It’s the small handful of people you are currently blowing off in favor of the ones who will say “nobody could have seen this coming”.
@JoeRealtorАй бұрын
@@oasistobe I'm not blowing anyone off...the simple fact is no one actually knows what will happen. And blanket statements of "a real estate crash" are useless plus no one notices when predictions go missed, but everyone loves to hoan in when they are finally right (even if you went 0/10 for the previous 5 years). Like I said in my stream, inventory still continues to be an issue on the coasts. And, if you watched the stream you'll see I actually DID agree with Nick when it came to Pandemic Boomtowns in TX and Florida.
@homersimpson1226Ай бұрын
Dude who are you Nostradamus you are talking out your A$$
@JoeRealtorАй бұрын
Nope, I'm definitely not Nostradamus. I'd love to know what part of this video makes you think I'm "talking out of my ass"?
@raulcaballero9851Ай бұрын
South Pasadena. Sellers market.
@JoeRealtorАй бұрын
Not surprising! Pasadena and the surrounding area tends to be very desirable. And, as you saw on the later portion of the stream, the chart that I used to show inventory demonstrates why the LA area (as well as most of the major cities on both East and West costs) still has a competitive market.
@SeekerSmithАй бұрын
There is an acceptable standard and then there are plumbers trying to drum up business through fear mongering. Caveat emptor--If you don't want to look it up it up, it means "buyer beware."
@JoeRealtorАй бұрын
Yes, these pipes and conditions are very common in a lot of mid century homes. And, while they are not dangerous, I would still say it's undesirable and "gross". But, it is not a health threat. However, when buying a home, it's a good idea to check what the pipe material is...after all, galvanized pipes installed into the late 60s and early 70s are at the end of their usable life. I experienced this when I bought my 1955 built home 2 years ago. I had almost no water pressure to my back bathroom and had to repipe ($20k) shortly after moving in. Hence, I made this video to show people the need to be aware of what they are buying.
@SeekerSmithАй бұрын
Rust=Iron oxide, which is what hemoglobin in your blood uses to capture oxygen for your entire body. Rust is safe. Volume of water is a separate issue.
@sophiahuber4756Ай бұрын
I am selling my house and why am I required to pay for the buyers escrow deposit so he/she can have money to pay his bills in the future?
@JoeRealtorАй бұрын
You shouldn't be required to pay for the Buyers deposit. I've never heard of or seen that. The Buyer's deposit goes towards the purchase price. Maybe you are thinking of the Buyers closing costs?
@sophiahuber4756Ай бұрын
@@JoeRealtor in my seller's closing costs it is included buyer's escrow deposit. I also never heard of it but Monday morning I will talk to a lawyer from the title comlny where my deed is. Thank you for answering. I will give you more info as soon I have any new.
@JoeRealtorАй бұрын
@@sophiahuber4756 Definitely check with you agent or escrow or title company! Happy to try and help.
@pablohernandez1159Ай бұрын
I think Lubbock has the most reasonable prices for the value,compared to other cities in Texas.
@JoeRealtorАй бұрын
Interesting, thanks for the insight. What is Lubbock like? Is it a smaller city?
@pablohernandez1159Ай бұрын
About 250,000 people. Major university & hospital taxes lower than El Paso. Nice place s under$250k.
@TheC0ldestАй бұрын
Waco, Texas has enter the chat: Price are still going up. 😢
@JoeRealtorАй бұрын
Thanks for the info! Hopefully your area will see a little pop in inventory and bring some pricing relief.
@InnovativeSustainableSolutionsАй бұрын
Dallas Texas here. Definitely seeing prices go down. Also inventory is stacking up, new build concessions are getting insane, and days on market is going up
@antonioperez4091Ай бұрын
Hopefully will pay less property taxes😂
@user-ol5rj8qn9oАй бұрын
WAY, WAY overpriced.
@ryanvlasic1849Ай бұрын
Sarasota realtor here. You're right, value is determined by what a buyer is willing to pay, but those buyers are becomming less and less. You cannot sustain a housing market by the super wealthy and ultimately the incomes need to align with the home prices-which in my area they don't. Our inventory today is over double what it was a year ago and days on market is now over 60 average when at the peak it was 7. Median sales prices down and price cuts are through the roof. Prices are going down and will continue to do so.
@JoeRealtorАй бұрын
Thanks for those details! Always interesting to see whats happening in specific, local spots.
@gatorato70Ай бұрын
-4% is considered a Plummet to you?
@JoeRealtorАй бұрын
Absolutely not. Especially given the prices have gone up 30-50% in the last 3 years!
@wurlinnawurlАй бұрын
Sometimes i think maybe some realtors push the idea of a crash to try to get the market to really crash, like putting that energy out there will make it happen, i think maybe they want to buy houses cheap? Lol
@JoeRealtorАй бұрын
Eh, housing crashes are really not good for anyone except the mega wealthy with cash (think corporations and corporate investors). They lead to larger issues with the economy, especially since housing is such a huge part of the US economy. I don't know of any Realtors that want a housing crash. I think some might want to see an increase in inventory to try and help alleviate the competition and huge price increases (if prices stabilize, it would likely lead to a more predictable market and thus probably more transactions). Realtors (as well as consumers) want to see rates come down a bit, more than anything, I think.
@wurlinnawurlАй бұрын
@@JoeRealtor there is many realtor KZbinrs though that have been saying Florida is going to crash for years.. prices drop a little bit and now they are basically throwing a party.. make of that what you will..
@JoeRealtorАй бұрын
@@wurlinnawurl those 'crash bro' KZbinrs are the worst....constantly saying the market is crashing because they know it will get clicks and likes. Same reason the news always leads with the bad/scary/intense headline first. Like I said, if prices go down, it's a crash, if prices go up, they are unaffordable and we have a problem. Either way, someone is there to spin the story.
@florencevall8092Ай бұрын
I don't know where you're talking about. There is NO PLUMMET
@JoeRealtorАй бұрын
As I said in the stream, this is the take of a real estate data company. Much of their assessment I don't agree with. Do you live in Florida or Texas? I'd love to hear about what you're seeing if you're local to those areas.
@wurlinnawurlАй бұрын
I'm in Jacksonville, some areas, suburbs that are boring and hot are having trouble.. I live downtown and houses still going up..
@bitcoindaddy1Ай бұрын
@@JoeRealtor i live in suburbs jax. i disagree. you are seeing coastal towns and condos especially hurricane hit areas but otherwise, most inland areas are still running hot.
@JoeRealtorАй бұрын
@@bitcoindaddy1 Thanks for that info. Makes sense, too...I know the areas with condos/HOA/insurance issues are the hardest hit.
@bitcoindaddy1Ай бұрын
my daughter has been in dance for about 10 years and in the last 2 years...the studio has 4x the amouth of kids. all our jr and high schools are maxed out.
@qualitytouchpainterАй бұрын
What about the income fundamentals? You cannot rent or buy a home if you do not qualify.
@JoeRealtorАй бұрын
Yes, that is true!
@JoeRealtor2 ай бұрын
Were you able to avoid PMI when you purchased? 🤔🤔
@JoeRealtor2 ай бұрын
Looking for a great real estate agent? I can connect you with one! Fill out this form and connect with me! docs.google.com/forms/d/e/1FAIpQLSfsEDhSVNrqI7j5bdwrlbWEC_QFqKJh-qycSj-ZGagW4O17fg/viewform Or, book a time to have a quick chat so I can answer all your real estate questions. calendly.com/joeporreca/intro-conversation-with-joe
@JoeRealtor2 ай бұрын
Looking for a great real estate agent? I can connect you with one! Fill out this form and connect with me! docs.google.com/forms/d/e/1FAIpQLSfsEDhSVNrqI7j5bdwrlbWEC_QFqKJh-qycSj-ZGagW4O17fg/viewform Or, book a time to have a quick chat so I can answer all your real estate questions. calendly.com/joeporreca/intro-conversation-with-joe
@beau68662 ай бұрын
"Promo sm"
@michellep12112 ай бұрын
Woaaaah 🤯
@JoeRealtor3 ай бұрын
Looking for a great real estate agent? I can connect you with one! Fill out this form and connect with me! docs.google.com/forms/d/e/1FAIpQLSfsEDhSVNrqI7j5bdwrlbWEC_QFqKJh-qycSj-ZGagW4O17fg/viewform Or, book a time to have a quick chat so I can answer all your real estate questions. calendly.com/joeporreca/intro-conversation-with-joe
@terriabbott13743 ай бұрын
I am getting ready to sell my Mother's home in GA and want to sell to someone who will live in it. She was part of the community for decades and have nice neighbors. It is best for the neighborhood. However, if no offers are forthcoming within 21 days, other options will be entertained.
@JoeRealtor3 ай бұрын
That's a good plan and something that I'm hearing has become a more common thing!
@JoeRealtor3 ай бұрын
Also, if you need a reference for a good GA realty, I'd be happy to help. I have a few colleagues in the state.
@kylewatson51333 ай бұрын
There is no crash only print.
@rabidgoon3 ай бұрын
People who want you to be enslaved will describe you as weak when you do not submit to slavery
@JoeRealtor3 ай бұрын
Very philosophical! After all...what does 'weak' really mean?? 🤔
@anon31183 ай бұрын
Shes a misandrist and just wanting to blame men for not falling into her scheme. Womp womp
@anon31183 ай бұрын
Imagine thinking that todays men dont buy homes because they played xbox 360 20 years ago lol
@tkordik3 ай бұрын
More realtors looking down the barrel of the NAR settlement and looking for a scapegoat I see.
@JoeRealtor3 ай бұрын
I'm not sure I follow? Can you elaborate on who the scapegoat is? I think the NAR settlement is great and, quite frankly, am going to use it to my advantage.
@brushcrawler86123 ай бұрын
Is a "weak" man one who prefers to stay out of jail? Is a "weak" man actually just a victim of governmental policies that award businesses for hiring "others" ? Were these "weak" men created as a result of having essentially no rights to their children or assets as a result of divorce? I think the axing of DEI jobs is what will cause elevated foreclosures
@JoeRealtor3 ай бұрын
Good points. I think what Ms. Whitney means is the type of man who isn't motivated. The type that doesn't have motivation to find a traditional career path and then follows that up with traditional relationship goals (IE marriage, kids, etc.). What she doesn't realize is that times change and the way people interact change. She also ignores the fact that single men have never been a driver of home buying...they have always been in the single digits in terms of percentage of home buyers. Additionally, things are happening later in life. People graduate later, get married later, have kids later...heck they even die later in life now than they did. I think her claims are a big stretch.
@brushcrawler86123 ай бұрын
@@JoeRealtor Top jobs are handed to females and minority without merit. Traditional career path no longer exists.
@alens183 ай бұрын
Problem are those who treat homes as an investment. Mostly older zilionares, bankers...
@JoeRealtor3 ай бұрын
You are NOT wrong with that! Homes are homes first and foremost!
@alens183 ай бұрын
@@JoeRealtor Problem is actually a lot deeper than that. When homes are treated like stocks, there is problem of velocity and home accessibility. Around 30-35% of all homes in US are empty. Most of those homes are in portfolio of BlackRock. Those homes are not loaned out or sold further. So you should imagine as there is 35% less homes in US as the statictics will tell you. And you will not be surprised how can prices be as high as they are. Second big problem is money velocity, because most of (what is treated as money - gold, silver, bonds, treasuries... ) is sitting along top 0.01% and almost never moves. Meaning : velocity of 1 dollar is scary low. Meaning : 1 dollar was usually traded for other products or services 5-6 x daily. Today this number fell to 2x.
@JoeRealtor3 ай бұрын
@@alens18 Thank you for sharing your insights on the complexities surrounding the housing market and financial dynamics. Your points about the treatment of homes as investments and the concentration of housing portfolios in entities like Black Rock highlight significant systemic issues that impact home accessibility and market dynamics. For sure it is a very complex problem exacerbated by institutional investors soaking up lots of homes in specific areas (some buying up neighborhoods). Where do you see the stat that 30-35% of homes are vacant? That seems high to me as the only numbers I can find (through the US Census Bureau) are around 10% (as of October 2023). Your observations about the stagnation of money velocity within the upper echelons of wealth distribution are thought-provoking. A low velocity of money can have far-reaching implications for economic activity and the circulation of resources within communities. Understanding and addressing these disparities in wealth distribution and financial circulation are crucial steps in fostering a more equitable and sustainable economy. Thanks for commenting and watching!
@alens183 ай бұрын
@@JoeRealtor If I remember right, it was Forbes (or maybe FT) and they made deep research about it. And what came out was, that majority of those houses and flats under BlackRock and few other conglomerats, were not written down as houses. Funny stuff.
@PeterKiryluk3 ай бұрын
MY life is stable I'm more comfortable at my house i just bought a blanket from a tag sale ,it was in new packaging, and i love it. I've been just laying on my couch thinking how lucky I am to find this new tag sale blanket. All I can think about is how much I love my tag sale blanket. ITs a freakin nice blanket!
@JoeRealtor3 ай бұрын
Gotta love a fresh new blanket. 🤙
@claytonmatt43343 ай бұрын
That lady is the face of female privilege. Women wanted all the rights and privileges of men without taking on any of the responsibilities, while retaining the rights and privileges of women while giving up most of those responsibilities. They got what they wanted and many men checked out of society as a result.