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.
@ChrisAndriesRealEstateАй бұрын
That's for sure. It is people from CA, UT, FL I see buying up the houses. I have a buyer looking to buy in January from CA.
@sabastinenoahАй бұрын
After building a rental property portfolio, I became exhausted with real estate market challenges and decided to sell. Now, with about $5 million, I'm contemplating investing in the stock market with solid positions. What are your thoughts?
@Peterl4290Ай бұрын
With $5 million, one wrong move can have significant consequences. It's crucial to invest cautiously and diversify, with 40-50% in safe investments. Given your budget, I recommend considering financial advisory services.
@jerrycampbell-ut9yfАй бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...
@Jamaal67iАй бұрын
This is mind blowing! As a young adult inheriting about $500k and new to stock investing, I'd greatly appreciate it if you could direct me to your advisor. I can't afford to make costly mistakes.
@jerrycampbell-ut9yfАй бұрын
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@Jamaal67iАй бұрын
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@kwi5331Ай бұрын
Beautiful southern locations don’t have as many jobs. Right now may be a good time to stay where the jobs are?
@Katadori09Ай бұрын
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.
@MaddieBrАй бұрын
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
@zwatwashdcАй бұрын
Yes, I agree. They will list again higher. Curious to see if they sell at higher prices or more houses accumulate.
@LuisRFernandezGroupАй бұрын
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.
@AJourneyOfYourSoulАй бұрын
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.
@RandyHilmanАй бұрын
Why are New Hampshire percentages not shown on your maps?
@lauragraves2948Ай бұрын
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.
@John.AngellАй бұрын
I'm trying to get my brokerage to subscribe to Altos but they're being stingy. Great information as always.
@mattb383Ай бұрын
Need to have more and more sales at lower and lower prices to reverse the insanity. Got to have some desperate sellers first.
@ebutuoy5088Ай бұрын
No
@peterbedford2610Ай бұрын
Good luck with that
@pexx91Ай бұрын
@@peterbedford2610😂
@ronno1202Ай бұрын
inventory will grow until prices decline.
@DogeCoinKingАй бұрын
Can you Do a Video and Talk about The Kansas City Area? THANKS!
@JonSmith531Ай бұрын
Median price will fall as sales volume increases.
@ebutuoy5088Ай бұрын
No
@cabot100Ай бұрын
How many houses do you have?
@tobyk5149Ай бұрын
Sun Belt price declines incoming
@fnhc2023Ай бұрын
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