86% of California is in Trouble: NEW California Housing Market Report

Alter! Nearly 9 out of every 10 counties in California have posted a decrease in home prices from a year ago. This leaves only 7 counties that have recorded a gain in the median sold price from 12 months ago. This is part 3 of my 3 part video series for the California Housing Market in part, based on my own analysis of the California Association of Realtors’ (CAR) data. In today’s California real estate market update, I share a report at the county level because there’s some very big differences regarding home price changes, housing inventory, sales and more. This is your latest California housing market update based on a brand new report from the California Association of Realtors (CAR).
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Compilation of California housing market update videos:
• California Housing Mar...
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.1% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
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#Californiahomes #housingmarket #California

[@criticalthinker9829]

I live in Los Angeles, I make 180k a year and if I want to buy a simple 3 bedroom house in a neighborhood with median income of 80k I have to pay over 50% of my income, it doesn’t make any sense.

[@SamuelClemente7718]

Then MOVE!!!!!

[@mrxiong2567]

I feel you, man

[@criticalthinker9829]

@@SamuelClemente7718 I have a house already, I purchased back in 2005 but I know when something doesn’t make sense

[@Jay-pf2cn]

It makes total sense. The people that live in that neighborhood have been there for a long time.

[@ltlwatcher]

​@@criticalthinker9829 the 80k income families bought early.

[@janelewis7747]

All of CA is still over priced, 50% up in 3 yrs in San Diego

[@ksmith2852]

It is what Democrats want. The property taxes fund their social programs for illegals and drug addicts.

[@straightdrive6192]

Same in Bay Area and still going good , Jason doesn’t have a clue . Prices never reduce

[@damagecontrol5435]

My Uncle & top Century 21 Agent for Sonoma County said the market 3-6 months out WILL continue in a steady decline if gov intervention, incentives and/or stimulus & low rates aren't available for potential homebuyers. Forebearances, moratoriums, student loan forgiveness, stimulus & low rates caused massive housing market distortions that will need to be straightened out due to current imbalances

[@p9r4ex8dyk]

Same here in my area, prices jumped $700k in 3 years to $1.5-$2 million average. Meanwhile prices dropped by a measly $5,000-$10,000, WTF?!?

[@straightdrive6192]

@@p9r4ex8dyk lol. these crash bros are buffoons.🤣

[@maria.8643]

Appreciate your time to put this report together.

[@mattanderson6672]

Appreciate you and all the work you do! Thank you so much Jason

[@JasonWalter1]

I greatly appreciate the support of my KZbin channel, Matt! Thank you

[@mikevbushy]

This does not mean prices are being slashed…it just means people are buying less expensive houses

[@PharticusMcbutt]

….. So comps are going down…… which means prices are being slashed

[@gormanthomas8135]

This is a possible explanation I have pondered here publicly before too. Historical price analysis on a house-by-house basis would be the only sure way to know. Not sure the data would be worth that enormous effort.

[@TBrown-zy2dr]

Okay. That means they are not buying overpriced houses.

[@asolano]

I thought that might be the case as well but if you look at the Redfin data center one of the fields they have is sales price per square foot of construction and it shows that people are in fact paying less for the same size home. Although I think you are right that affordability is pushing people to buy smaller homes. Maybe @JasonWalter1 will make a video about that at some point.

[@gormanthomas8135]

@@asolano Interesting insight. Thx!

[@whatif.3544]

Can't wait. Orange county prices are still way high. Thank you, Jason.

[@ksmith2852]

As long as people cannot resist FOMO and investors and foreign buyers from China are allowed to purchase, prices will not go down. You have been to Irvine, right? Signs are in Mandarin.

[@mrgerbeck]

@@ksmith2852 Don't need to count on people having reason. The Fed will force many hands.

[@noradaloisio9424]

@@ksmith2852 Spanish doesn’t bother me at all, why would I have to think about Mandarin?

[@jjold9394]

Good topic 👍 👍 Right talk Thank you sir

[@robhernandez1827]

I live in the central coast, and I don’t know who’s paying exorbitant amounts for the shit shack beach houses

[@SamuelClemente7718]

😂😂😂. That's the problem with Americans. THEY DONT KNOW

[@explorenaked]

Tarek El Moussa

[@ksmith2852]

Foreign investors

[@SamuelClemente7718]

@@ksmith2852 FINALLY THANK YOU!!!!!

[@Natedoc808]

Likewise. Even plain vanilla 3/2 in north SLO county for 850K for a flip?! That’s an expensive paint job! Just looking at the sale history of all these houses that were bought for 45% less 18months ago. All the rubes watched too much Chip and Joanna during the plandemic and all decided to flip houses

[@gormanthomas8135]

You know housing prices are really headed for a drop when CNBC prominently posts an article today reading "Home price declines may be over." 🤣

[@krassimirpetrov7131]

I saw that too ! Completely ignoring the case Schiller chart which is straight down

[@explorenaked]

True but thankfully only a small handful of people actually watch CNBC so very little harm will come from their reports.

[@mikevbushy]

Also this data shows that people are not dropping the price…unfortunately prices are here to stay y’all.

[@david_lawrence_h2703]

So I should ignore the reality that bidding wars are still common place in Southern California?

[@kendagostino5699]

I guess if you are delusional and you don't pay attention to what's really going on, you might think home prices are coming down. About an actuality they are stable or going up

[@minimalist0000]

Thanks for your all your hard work Jason. Great information as always. Are YoY sales comparison based on "total dollar value sold" or just the "# of homes sold"? TIA

[@JasonWalter1]

# of homes sold

[@firefalcoln]

In Santa Barbra county you can have a month where a few 10-100 million dollar mansions do sale or none sale and it completely shifts the average numbers. Meanwhile in the northern part of the county is where the more affordable homes exist for people who work in San Luis Obispo county or work the lower paying jobs within Santa Barbra county. So it can have a lot of crazy month to month average home sale fluctuations.

[@inkarn8915]

New agent here hitting the Bay Area market in the next week. I have been watching your videos the past few months and really appreciate all the information. I feel pretty confident regardless of the current market conditions.

[@JasonWalter1]

Thanks for supporting the channel.

[@spriyavelu2003]

Could you talk about the Washington state housing market ?

[@travels_with_Rich]

Like the news. Thanks for all you do!

[@edcasseday8342]

Thank you Jason

[@JasonWalter1]

You bet!

[@dxnes5067]

not enough homes being listed in my city. wish there were more options. especially affordable ones. $350k - 450k

[@Ozzie12]

Wish you shared more data from now compared to April of 2020 for other counties not just San Francisco. San Francisco is an anomaly which all the news loves to focus on but it tells us very Little unless we're only focused on that city.

[@JasonWalter1]

Did you see this video I posted last week? kzbin.info/www/bejne/eITEo3d5p95nea8

[@Ozzie12]

@@JasonWalter1 I didn't but I will check out. Thank you!

[@boburwell9921]

You mean $1.5m for 1000’ house with no yard is over priced?

[@d1ndark25]

Would a home price decline affect the cost to build?

[@crystalfuentes330]

Thank you for all the great information, as always. You're the best Jason!!

[@jenniweeks]

Thank you so much for doing this work and providing these videos so I don’t have to dig for these charts for this info😂 keep up the great work! thanks for keeping me updated😊

[@JasonWalter1]

My pleasure!

[@keashablew7728]

@@JasonWalter1 yes thanks so much!!

[@gs9771]

G S 1 second ago Florida is becoming like California - prices still DOUBLE comparing to pre-pandemic. My father was planning to sell him home in New Jersey and retire near my area in Florida but he decided to stay in New Jersey since the property taxes for a new home in Florida would be similar to taxes he pays for his old home in New Jersey. Also the home prices in Florida same in some places of New Jersey, so he would not save any money by moving to retire in Florida.

[@johnschulenberg7560]

3449 price reductions so far in California for the month of May on active listings.

[@sonisaurabh19]

Thanks Jason! What is the reason for MTM increase given the job losses in the Bay Area and higher mortgage rates over March?

[@JasonWalter1]

seasonality

[@jwigley3835]

My neighborhood started going back up again. Comps are near their all time highs. Near Folsom.

[@TheBekacuda]

My above asking offer just got passed up because supposedly they wanted a local lender… I have been a public servant in my community-I am hyper local. My lender is not. Why? My last local lender didn’t know enough so my sister a realtor in sac recommended her best lender. Meanwhile I saw the very newest listing in my city-sold in march for 300k (very tiny in a bad neighborhood) and is listed with the same pictures for 375 in 2 months due to low inventory they expect to turn a 75k profit. I feel like housing should not be allowed to be so profitable but then the government would be in charge…not sure why the world got so upside down that an essential is now a luxury.

[@RealLifeFinance]

This Information is Super Valuable!!! Thanks Jason! - Its wild to see how by county/area how much variance there can be in sales data to make up the averages. It is honestly amazing home prices are staying up as much as they are with sales down -40% year over year. Normally that coincides with massive price decreases.

[@rescueninja4728]

Jason, I’m in sacramento area (Folsom). Houses here are still going up 😂. Crazy low inventory. Wondering if prices will ever come down.

[@minimalist0000]

I know, I've been looking to buy in that area and watching the prices creep up over the last few months. Crazy, as the locals here can no longer afford this.

[@JasonWalter1]

I hear ya! I have a client looking in Folsom and it's frustrating because new listings are scarce and the homes that are priced right are getting multiple offers despite these high rates.

[@rescueninja4728]

Yup! I’m a local and looking to upgrade. I kinda suspected after the bid up in 2020 if I don’t buy, I can’t buy. We lost on multiple bids in 2020. Now, I don’t wanna buy and will stick to our house.

[@minimalist0000]

@@rescueninja4728 Unfortunately I'm homeless(lol), sold my place in Oct '22 now waiting on the sidelines.

[@jafmex]

Medium sales price in san diego read - 8% but on yr other graph it read -4% yty which is it?

[@SamuelClemente7718]

What ever you see on the ground. Look around you.

[@50whatnomadtravelnursemtb5]

No you got all wrong, it’s not in trouble it’s a reality check for way way over priced house. Funny how when the prices normalize or drop it’s trouble, he must own houses in CA and about to lose money.

[@max-sb4of]

That means people are just buying less expensive houses I just sold my last expensive house over my asking price people are back to just buying houses they can afford for many years people were over buying houses that they really could not afford

[@PharticusMcbutt]

If people are “just buying less expensive houses” that means prices are declining. Housing assessments are based on comparables..

[@david_lawrence_h2703]

Agree. Though in Southern Cal, bidding wars are still quite common for homes under 1 million. Is 900k the new 200k?

[@Jameson77777]

State Farm, one of the largest insurers in the country has just announced they are no longer offering home insurance in CA. I’m sure other companies will follow since they don’t want the added risk of all the homes State Farm will not insure. I wonder if this will have any impact on the housing market there.

[@briom1425]

Progressive did the same thing , I don’t think that would effect it

[@Natedoc808]

Supposedly due to wildfire risk… which most California homes aren’t at risk of

[@ashdobbs]

I live in one of the beach cities in So Cal. I have not seen price drops nor many homes up for sale in my area. if zillow is accurate which I'm sure it isnt, I have $600k equity in my home. there is nothing for sale for $600k except maybe some lower end condo's. I'll stick with my 2.75% mortgage no matter what the market does. My monthly payment is $1100 and a comp rental is 3x that amount. Even in this market my investments earn more that 2.75% so is it even worth paying off my mortgage? That is an actual question.....

[@Courtney-Alice-Gargani]

What happened to all the forbearance foreclosures? I only see a crash if there are a lot of foreclosures.

[@PharticusMcbutt]

@@jayk3551 Unemployment is part of the business cycle

[@PharticusMcbutt]

@@jayk3551 I mean, recessions are part of the business cycle and you have to have unemployment to go into recessions…. Atleast that’s what the new definition of it is

[@do-uc6xj]

@@jayk3551 If you have ever looked for a job, you will have noticed that you only qualify for a very small percentage of open jobs. that is because most jobs (aside from certain low/no skill jobs) require a couple years of experience and/or education for them to even think about calling you for an interview. And they often want recent experience. There can be labor shortages, but you have to ask, in what? You could have a shortage in 10% of the job categories. And they could be low/no skill jobs. But if the economy goes into recession, and skilled and highly skilled jobs get cut, then those people aren't going to go out and find a job as a janitor or burger flipper. They might at some point, but not for at least a few months. And even if they do, their incomes go from 50-150k a year to 30-40k a year. If you were an adult from 2008-2012, you can remember how that was. Many jobs created were low paying and/or part time. The unemployment issue lingers for years after the rate goes up. And when the rate goes up, it goes up quickly and predictably during a recession. If you are curious, then google long term unemployment chart. There should be one with shaded areas for recession. The pattern is easy to spot.

[@do-uc6xj]

@@jayk3551 I think I already mentioned that there are in fact labor shortages in certain industries. I was trying to explain how there can be shortages in certain industries AND high unemployment. Many people in industries that may have a weak job market, will not be deciding to drastically change careers. They would prefer to wait it out, rather than start at the bottom of a totally different industry. The big picture here is that when there is a recession, more people will be unemployed or have reduced earnings.

[@PharticusMcbutt]

@@jayk3551 I would say we’re technically not in one now since unemployment is low (according to what they say a recession is now) The last mini recession was 2020 when unemployment skyrocketed from Covid shut downs

[@chiehlilee9224]

I guess the properties we own are in the 14% ‘cause they all went about 3% just in this month. 😂

[@evanbellman8861]

Ofcoueae they are going to be down YOY, most makers saw records prices staring 1/22-5/22 and then started correcting…July will be a true indicator where we really are

[@MrRussianGerman]

My 698 sq ft 1/1 tower condo, no yard or garage, had an identical unit sell for 615k… The new 1/1.5’s CHEAPEST model is starting 872k… Irvine CA

[@bltzr6272]

I’ve been trying to get in the real state market to buy the right house, unfortunately prices are extremely high. Hopefully if decrease so I can get my dream house.

[@sunnienie239]

im waiting to see that coming like in 2008

[@u2fkeys665]

Jason walter💪🔥

[@JasonWalter1]

😊🏡

[@daniharrison4062]

My neighbor a few hours recently over asking price IE

[@Iehoopshow]

Housing market is so inflated in Riverside county

[@User-pu3lc]

Prices aren’t going anywhere until there is forced selling in the market. There is no inventory and people are not moving house with a 3-4% mortgage if they don’t have to.

[@KaunKon]

I been following some of your videos. Not sure why real estate KZbin channels are failing to understand that the houses are pumped up since pandemic 2020 like 200k in expensive states and slashed 20k. For inexpensive its 100k and slashed 10k. These graphs doesn’t mean anything.

[@JonathanAyers]

This sounds like a good thing. 👍 They're still way overpriced.

[@afsaswt8128]

Since the stocks are low the investors went shopping spree on housing which caused the turmoil which we are in now. If the stocks go up there will be much more options to invest on and there might be a change in People's mindset on investing. This is just my theory.

[@PharticusMcbutt]

I think all the money to be made in residential investing has already happened. In my market you couldn’t rent a house even close to the mortgage payment amount these days

[@ForYouTubeNov2023]

Fountain Valley in California housing prices are still going up.

[@PaoloVarquez]

Moving and renting there this fri. $2225 a month

[@e.d.5850]

There’s no “problem” with prices going down unless you need to sell and you purchased near the peak. We need affordability for buyers, renters and the overall health of the communities. With so many 2nd homers, flippers, short term rental and corporate investors “playing” the market, prices have have risen way too much in the last five years. Housing for communities not profit please. Pretty please.

[@lockup6104]

Mahalo 🤙🏽🤙🏽🇺🇸🇺🇸🌴🌴🍍🍍🌺🌺⬇️⬇️

[@kokohightower7062]

Good morning Jason ! Thank you for all your hard work!🥰

[@kendagostino5699]

Sorry to hear about that in California. But over here in New York Long Island to be specific home prices are as much as they allow a year ago if not more

[@malanalan1]

As in most of California.

[@kendagostino5699]

Yeah so I don't get it. What is he talking about

[@samnellis1558]

Maybe Bay Area, maybe inland. I’m in Westlake Village which borders Malibu and Calabasas, house prices still getting 3-4 offers and going into escrow. I’m an agent also, seems to be way too much money out there for a crash. Hopefully prices drop 👍

[@MartinE51]

State Farm will make it fall even more and just wait until other insurance companies do the same.

[@CC-yt8wk]

I know 2 realtors who are worried... Neither have had a sale in 6 mths.

[@JasonWalter1]

I bet... low inventory = low sales.

[@Ww8.3]

California prices are down because they are buying in Utah. We are in need of 30k houses in the Salt Lake City area

[@Courtney-Alice-Gargani]

First. Good Morning. Jason

[@JasonWalter1]

Good morning!

[@roberttormey4312]

😂A lot of folks refinanced in the 2’s and 3’s, some took money out and bought other real estate also financed in the 3’s. Most of that property can be rented and cover the cost of funds so many of these owners have no interest in selling. Result is there’s not a lot of homes coming on the market. As companies leave California, that may drive transferring employees to sell, but a lot of workers can still telecommute, so even if a company leaves the state, many of their high income knowledge workers can still stay put. It’s going to take time for more people to leave California and they’ll be leaving, I think, over quality of life issues more than any thing else. Poor schools, traffic, crime, noise pollution, etc.

[@marvingarden4587]

A bit more to go.

[@shirleyy2711]

Where is there an actual crash in CA? A crash that brings home prices back to 2020 levels (pre-pandemic).

[@commonmandenver7370]

A true price correction is very needed in California. Hope it drops 50 percent!

[@samnellis1558]

Me too. I just can’t see it, way too much money out there

[@Docante1]

Then Orange County must be the other 14% Still insane

[@jacinedelarosa6302]

Zillow is reporting only a 3.4% year over year dip. Either way it's all peanuts.

[@bayareacarnatic]

property tax itself is 1.25%. Zillow is a piece of crap

[@jacinedelarosa6302]

@marksweeney5237 Should people be taking advice from a Forever Renter on youtube ? Be quiet and pay your rent , loser. Lol

[@xarqman]

Do a report comparing avg wages to mortgage/rent expenses without other incidentals. This equals a very high rate couple that with inflation will brake our families. Even with lower mtg rates it was hard for young families. Thanks. Stay with it we like the facts just the facts.

[@rayr268]

Denver people decided to post more houses then ever right as more people jumped out due to rates. Of course homeowners still want to list for their dream price , so they are still there from last week at 7 plus rates. How long will this go on?!

[@HiPlains1]

Depends on how motivated they are. Some people want a certain price but don't necessarily need to sell.

[@mrxiong2567]

If and when FED pivot, then this housing correction/crash is over. It’s all about how long FED will hold interest up.

[@JasonWalter1]

Going to be interesting. Good morning!

[@robhernandez1827]

You hope ..unfortunately there is more to it than that…

[@mrxiong2567]

Why? Because too many eager buyers. Unless, we hit a recession and people's mindset of spending changes.

[@grownupgaming]

@@mrxiong2567 FED would only pivot if "we hit a recession and people's mindset of spending changes."

[@travels_with_Rich]

​@@mrxiong2567 the recession is here watching many things I enjoy drop in cost. Supply is stil high from pandemic spending and now demand has slowed. Cost of things got out of hand now we watch it all go back to normal or maybe even a little cheaper. Real estate will take a bit longer than other goods but it is looking ripe for a correction. 40% of all mortgages were taken out in 21 and 22. While some buyes like me are still waiting on the sidelines most jumped in when intrest rates were low and are now struggling with those high value payments and the cost of everything else rising as well. Gonna be a crazy summer and next couple years.

[@erikgarcia3778]

Yes a home in Laguna hills went from 2.3 million to under 1.5 in a matter of weeks while Austin is going up the Exudus is stinging CA hard Newsome needs to go!

[@JBoy340a]

Austin is down a lot. 15% or more.

[@erikgarcia3778]

@@JBoy340a what source is telling you this have not seen my reports

[@JBoy340a]

@@erikgarcia3778 norvad.com, realtor.com. Plus assessments for properties in Round Rock

[@thetimetravelerszen]

2b2b rentals are listed for 4200$ in Fremont California. I don’t think they go down anytime sooner, it will be new normal. I have seen people waiting with blankets from 5am for new home.

[@CalvinMorris-cf8jk]

they sure are not falling in the Bay Area 900.000 for a 2 bed 1 bath shack if you can find one for sale.

[@david_lawrence_h2703]

Bidding wars are still the norm in N and S California for sure

[@user-ob4em4ge6c]

Home values continue to decline in my area, Bradenton, Florida. My homes value has declined -18% since January. Can the government step in and stop home value decline? If not, my husband and I are going to walk away from our mortgage. We purchased in 2020.

[@AshleyCherv.]

Why would you walk away? Prices then are a lot lower then they are to buy today.

[@jacinedelarosa6302]

Liar.

[@paul2081ok]

Instead of sitting on a goldmine in value, I feel sad for all the rest less fortunate!

[@ksmith2852]

Your property taxes are paying for the homeless and illegals. You will be hit with increased in everything related to your home; it's the same thing that happened in 2008. You can be house poor very soon. Paper wealth means nothing

[@thesummerland6165]

you're a good person, wish more people were like you, it would be a better world I also cannot feel great knowing how many people, animals, etc are struggling or homeless

[@jimshoe402]

@@ksmith2852 Right u need to get a HELOC and Use the $$ it's 8%+..When u Sell $$$😁

[@Steverz32]

2🤷🏽‍♂️

[@fusion82]

Almost 😁

[@JasonWalter1]

Good morning!

[@Steverz32]

@@fusion82i demand a recount!🤣😂🤣 Glad someone beat me👍

[@fusion82]

@@Steverz32 you would've got me if you didn't add the smiley face. Got you by a half a second

[@Steverz32]

@@fusion82you deserve the win friend👍😊

[@backrack01]

As long as they are able to work and stay in their home for awhile theyll be ok. California's value is pretty resilient and will go back up. I'm more worried about everyone in the Midwest who bought this yr. There's very real reasons why it has been historically "affordable."

[@themiddayescape6159]

Like for example?

[@backrack01]

@The Midday Escape examples on the reasons why the Midwest has historically been affordable? Making 80k/ was considered to be pretty damn good..well up until the last 2 yrs. If you're from the Midwest or Steelbelt states.. you'd know what I'm talking about. Of course they have their expensive areas..but as a whole..its always been more affordable.

[@drmahidhar1876]

98th

[@ksmith2852]

List Prices mean nothing Closed sales are the only number that matters. If people would stop buying prices would drop Also, foreign investors need to be banned, or taxed at a 30 to 59 percent rate.

[@wadej769]

Tech stocks mooning. RE dead money for years 😊

[@fusion82]

1

[@JasonWalter1]

Good morning!

[@jimshoe402]

Thank You !!! He must Be Beat !! Old stuff and not watching like he Does..😁😁😁

[@Steverz32]

@@jimshoe402😂🤣😂

[@daniharrison4062]

My block

[@janelewis7747]

There won't be any. 40 yr fHA and 30% off balances to back end no interest

[@peterrabbit3887]

Yet another clickbait video talking about housing crash. What is this video number 47 on week 78 about how it’s about to crash?

[@jimshoe402]

nn

[@JasonWalter1]

Good morning

[@jimshoe402]

@@JasonWalter1 GM !! What's so Good about it need to turn AC on !! Can u send me a Check ?? Last 6 Bills Under $52 as in ORD .🤑🤑🤑

[@jefris]

If the houses become 1 dollar I'm not selling. I need a place to live just plain and clear. Who cares about the housing market. Out.

[@Vegaslocal]

CA's loss is Nevada's gain. Vegas still improving since Jan. No inventory, rising per sq prices, rising medium home values. Condo market flying. Luxury market (over $1M) strong.

[@Cyrus992]

Prices are actually falling here

[@knockdust32]

No one: Absolutely Not One Person: Jason: If you wanna get ripped off on an depreciating asset, link below 😂.

[@healer81]

You will own nothing and still be happy

[@jjold9394]

A lots FORCLOSUR Houses will go out the market soon • That is the fact & the reality !

[@david_lawrence_h2703]

Not in California.

[@ksmith2852]

Won't happen. This is not 2008

[@mattolivier1835]

Haha. Don't cry little Jason. Your pain is my pleasure! I love it! You going doooooooown bish! I'm cash heavy and waiting patiently to jump in the market.

[@JasonWalter1]

Anyone who follows the channel knows I'm a big fan for making the housing market more affordable again. I would love to see it become a buyer's market as the overall housing market has been extremely unfair for buyers.

[@JasonWalter1]

@Numbered--Weighed--Divided not following you. As you know, I don't speculate on the channel because if I end up being wrong, then I loose credibility. I'm also been on KZbin full time for about 2 yrs now as I choose to only work with a small handful of clients each year. Instead, I have a small real estate team so I can focus my attention on sharing the latest housing market trends which I enjoy greatly.

[@JasonWalter1]

@Numbered--Weighed--Divided They are not my employees and agents are self-employed so no one is getting laid off. You've followed the channel for quite a while but somehow this video made you bitter. Just reporting the latest trends in CA based on my own analysis of CAR's data. I can understand if you're frustrated with this market though (I certainly am for reasons stated in my previous comment).

[@jimshoe402]

@@JasonWalter1 Ur doing a Fine job too. Mostly data and a little opinion too.😁😁😁 A few good sales and ur set by u not by me $300K.

[@tradrlarryone1827]

I cannot find a house less than 800k in all of southern CA even in the real bad neighborhoods real estate is a disaster here i hope it all crashes down these prices are out of control.