GOOGLE/KZbin GET YOUR SHIIIIT TOGETHER AND BLOCK THE SPAM!!! YOU ARE RICH ENOUGH!!!! RESPECT THE PRIVACY OF OTHERS AND FIGURE IT OUT!!!!!! NO MORE SPAM COMMENTS! NO MORE SPAM COMMENTS! NO MORE SOAM COMMENTS!

The flood of house flippers and investors severely changed the housing market

Why are New Hampshire percentages not shown on your maps?

Isn't it the venture capitalists, like Blackstone, purchasing single family homes en mass, keeping prices artificially inflated? Normal people can't afford these higher prices, especially when interest rates are high. If the national debt continues to rise, interest rates will likely continue to go up. Inflation will absolutely go up if tariffs are imposed, as the new republican administration has promised they will put in place. Not a great combination of factors for Americans wanting to buy a home.

The global economy is hitting the skids..especially EU with currency crisis…US will slide into a recession sometime in 2025. Some foreshadow a collapse of historic proportions…hold on to your hats

Snowbirds keep the Florida winter home market hot

Never mind the fact that the Fed is pumping $180B into the stock market. 📈. Ahem….oh, wrong video. Right, the housing market….😅

Love the conversation. I find the labor market very interesting. I recommend discussing prime age labor participation and demographic effects from baby boomer retirements and that impact on the labor market.

They are ONLY bldg apts and condos here……houses are 400-800-million here. No AFFORDABLE reasonable houses.the 400s are rare and sell in 1 day b4 u even see

peak housing inventory, peak rates, peak dollar, peak prices. Buckle UP!!!

70% of American's are paycheck to paycheck, but the unemployment rate looks good, so the economy is good, not great. "I haven't thought about it very deeply." True. One day soon a plastic swipe won't put a latte in Karen's hand, then you'll understand.

Beautiful southern locations don’t have as many jobs. Right now may be a good time to stay where the jobs are?

The amount of LIKE's used by Mike is like really awful.

!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

my company just announced a 10% headcount reduction coming in Jan 2025. estimated to impact about 1,000 employees across the US.

How do high property taxes like we have in Chicago effect the housing market?

Really interesting conversation Mike!

great content 💯

Thanks Mike. Always appreciate your take.

Silver lining of the Trump presidency is that it's going to keep those rates high The bond market already sees it lol

You're reaching buddy

take out texas, florida idaho and other covid areas and nothing has changed..We need lower rates to bring more inventory. Millions of seniors need to sell but refuse to at 6.5%

I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

Whenever the data are bearish, he only shows 2022-2024 in the charts so you forget how bad things are now relative to past activity.

!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

housing market is local

Housing starts are going down, which means the inventory is coming from completions. Therefore, inventory is not increasing overall...

it means that homes are overpriced, of course

Rising inventory destroys the "there is a housing shortage" meme. The largest risk for RE is investor selling... if a housing crash or even rumors of a housing crash becomes mainstream you could see massive investor selling that will blow up inventory.

Recession

Check you local inventory. Mine is the lowest I've seen it in two years!

if a recession lol

You been pick and chose data to present. Please show entire data from 2005 until now so we can learn from human behavior in the pass

inventory will grow until prices decline.

My county in CO is up 9% yoy right now. But price has been pretty flat all year yoy. For some reason in the last month price has shot up. There must have been some very expensive multi million dollar estates sold that has skewed the median price. But overall, all things considered (price, rates etc…) real estate is pretty strong. Definitely not crashing. There is still plenty of wealth around to carry the market given the amount of inventory available.

Houses are sitting now. Full Reality hasn't set in yet

Home prices also rose because of the devaluation of money over time (inflation). Not necessarily because the population grows… is home building matches the increase in population then prices would still increase because of the devaluation of money over time.

Sun Belt price declines incoming

I must say, the inventory here in Nevada is noticeably higher than last year. There is just this dearth of buyers. I have a feeling that even when sellers pick up, demand won’t.

I must say, the inventory here in Nevada is noticeably higher than last year. There is just this dearth of buyers. I have a feeling that even when sellers pick up, demand won’t. We make $80k median household income here and houses start at like $550k, and those need a lot of work. To get a regular house in decent condition you need to pay at least $800k. Now that interstate migration is dying off, I don’t know who can buy these houses. The locals sure can’t.

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio.

Many houses that didn't sell in Fall have gone off the market. I predict they will list again in Spring, asking higher prices. Can't predict what will come of that

Can you Do a Video and Talk about The Kansas City Area? THANKS!

Mr. Simonsen if I may suggest when comparing Miami you should compare Miami and not Miami & Fort Lauderdale and Pompano Beach . The reason is that the other two are located in Broward County and Miami is in Miami-Dade County. If you take Miami only then you will see a higher median price, slightly higher price decrease of 38% and trending a Buyer's market.

Median price will fall as sales volume increases.

Need to have more and more sales at lower and lower prices to reverse the insanity. Got to have some desperate sellers first.

Normal is 2019 prices less the new interest rate and less the new insurance prices. Anything else is a continuation of the biggest fraud and speculation driven bubble in history with the lowest form of life charlatans cheering it on while millions suffer

Rates are still going to the 5s by the end of the year. Don’t listen to the doomers they have zero clue. The fed isn’t paying 4% when Europe and China are paying 1%. Inflation is fine and rate do not have a large effect.

I've been an investor in Apple, gold, housing market as well because I strongly believe in them, I've always believed in the stock but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla especially now that we are experiencing a market correction

When homes were appreciating by 10%+ (even 20% in some markets) you could buy and hold RE as a profitable investment without even renting the home. That's insane but it worked. RE has a negative basis once you factor in interest payments, property taxes, insurance and maintenance but 10%+ is enough to offset those cost and still generate good returns. When rates were sub 3% you could buy a million dollars worth of RE (with 20% down) for like 4 grand a month. After 2 years that RE appreciated to 1.4M+ in some markets. 4K a month for two years is $96,000. A small portion of that went to principle but even ignoring that 400-98 is $302,000 profit for simply owning a few 500K homes and letting them sit vacant for two years. That's a damn good return on your 200K you had locked up for 24 and you are also getting every mortgage payment back. Clown world for sure but it worked.