2024 Housing Market Update + Why Home Prices Are Still Rising

[@DeerUNIT42]

One more brief diatribe on Florida: the real shock is the difference between houses which are still doing well with strong demand and shorter supply, vs condos and townhomes which are getting crushed due to the construction supply and major insurance regulations now, and subsequent HOA cost increases. In February, Sarasota county had over in 11 months supply for condos, for example, which has gotten better since.

[@gayleneflower398]

You’d have to get a really good deal, I would never invest in Florida

[@JohnJohnCrusher]

Dude really good presentation of the data. And I REALLY appreciate how you're not trying to shill something like most content providers. You're just genuinely trying to help us.

[@ChickenFarmsForSale]

We've thrown the real estate agent under the bus for causing home prices to go up so maybe we should look at how a mortgage works and how the banks make so much money. If you buy a home with a 30 year mortgage most of your payment goes to the Interest portion of the payment during the 1st 15 yrs. The avrg person stays in their home around 6 yrs before selling it. Homeowners are constantly being hounded by lenders to Refi their mortgages and start all over with another 30 yr loan again paying the max amount of Interest during the first 7 yrs. Imagine if all loans were setup like that!😢😢 0:52

[@patty2049]

We didn’t have a population explosion so why the short inventory. We had an excess 15 years ago. Basically people saw how to make money off appreciation and the regular person became real estate investors. Looking at the returns today I can’t imagine most of these investors are making enough to make being a landlord worth it. I see many of these homes going on the market and hopefully go to homeowners. I say this as an investor myself.

[@idkmybffjill9682]

Boomers are downsizing, starter homes are easier for investors and contrary to social media complaints the younger people are buying houses up just fine aswell; at age 25 the rate of home ownership is high for genz than it was for the boomers at 25. With all this the more affordable starter homes are more rare than say a 4 bed 3 bath. So we have those trying to get their first home struggling against interest rates and rising prices and mass competition. So we need young gen x and older millennials to sell their starter homes and buy bigger. Problem is they are childless at a higher rate than most generations so don’t need the bigger house. Those interest rates keep them trapped in their starter homes they’d otherwise sell, the term “golden handcuffs” is being used a lot because many have interest rates around 2-4% and won’t do the current rates for a new/bigger house. Not to mention their starter home now makes a great rental. As a young millennial our reality is: if you bought before or early covid you won. If you didn’t you lost. Fortunately me and gf were investing before covid so we had 3 houses go up in value which is making it easy to buy a fourth via equity loans while many of my peers don’t own or bought so late in covid that they missed the rapid appreciation we got. They now are scared to buy because they are hoping for a crash which is just self defeating. Good luck gen alpha, we all have every intention to eat you alive when you’re an adult in 5 years. Learn construction skills because buying garbage and fixing it is your best bet

[@AberrantArt]

It's going to Blackrock not home owners or even investors. "You'll own nothing and be happy". The goal is a socialist system where you rent everything from the elites.

[@TheRealShane2REI]

Great video! Lots of key takeaways. Thank you for the high level insights shared.

[@aliciaamara5705]

Can you talk about Idaho Boise , Meridian etc

[@nickcalderone75]

Rent prices are not flat, especially here in Coastal Alabama. They are rising rapidly.

[@davidmeyer1101]

Perhaps the market in your local area is different from the national average, but all the data I’ve seen shows relatively flat rent growth on a national level. If you have data that shows otherwise please share.

[@nickcalderone75]

@@davidmeyer1101 we have an unprecedented influx of people moving here from out of state due to the low cost of living here. Couple that with unprecedented growth and housing shortages, and landlords are taking full advantage. Baldwin County Alabama... look it up.

[@makethingshappen8427]

Whole thing was caused by a decade of low interest rates. Whole economy got addicted to the punch bowl of easy money and want it back!

[@johnmorrison6947]

I would love to know if any Americans have read or follow Phil Anderson. He is an Australian land economist/researcher/commentator and I don’t know if there is anyone who has his level of knowledge is US land markets on a macro level

[@MelStar31]

Most in the US think he’s crazy! They rather stick to their simple minded narrative of we need more supply.

[@Sonofawildanimal4241]

US RELATIONS WITH SAUDI NOT SO GOOD… OIL AGREEMENT THAT BACKS US DOLLAR AS WORLD CURRENCY SHAKY…

[@Keto_Mike]

Where do you invest Columbus

[@bret769]

Great content - thank you!

[@gayleneflower398]

If any of you remember, these rates nowadays are not really that bad. It’s kind of like a spoiled kid not getting his double scoop ice cream cone instead he’s just getting one scoop. I remember days when interest rate was 12%

[@Panda_J1]

Is not about the rates for me. It’s about the price is so high with our current rates that it’s difficult to find cash flowing properties.

[@stanlee5520]

Great Info

[@Angie0214]

Can you do a deep dive on providence,RI and worcester,MA please?

[@ryanthrives5152]

😂😂😂

[@samkurz]

Who wants to buy real estate in America. It is a mess.

[@Moe34876]

US houses remain expensive due to the de-dollarization efforts by the BRICS nations, who are rapidly offloading US dollars, not because of the narrative of short inventory.

[@toxicthesniper8264]

Although this may contribute this being the main reason I don't believe is the case. The factors thay affect the housing market are more complex to narrow down to a simple one factor. Inflation and the causes of are a huge factor.

[@makethingshappen8427]

Whole thing was caused by a decade of low interest rates. Whole economy got addicted to the punch bowl of easy money and want it back!