Danger! Home Prices have Peaked

If you like my videos, please like and subscribe. I also love your comments.
Home Prices have peaked! The direction of the "Market" is down. I use national Indexes and I find the: Median: price represents the National Housing Market best. "Average" Sales can be distorted by more sales in the lower range or the upper range. My personal thoughts are Foreigners are purchasing expensive homes in the US as a "Safe Haven" and are distorting the indices.
Viewing the data from FRED, it is clear that prices peaked in 2022.
I still am forecasting property prices to decline.
This is just a signpost along the way confirming where we are in the Real Estate Cycle Completion. Fortunes are yet to be made.
If you would like to consult, contact West USA 602-942-4200 and ask for Michael Douville
Patience is now required. If you purchase now, you risk losing 30% or more that may take 5-10 years to recover.
However, if you are patient for the next 12-18 months, you might be able to have a Life Changing Opportunity.
I am encouraging Investors in Endangered Cities to move their investments to better markets via an IRC 1031 Tax deferred exchange. This is very inexpensive and does not trigger a tax implication.
Schedule an appointment to review your situation.
Let's get ready to invest when the time is right. Contact me to schedule an appointment.
DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Michael Douville shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Michael Douville and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up to date, all information contained on it is provided ‘as is.’
Michael Douville makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
Any links to other websites are provided only as a convenience and Michael Douville encourages you to read the privacy statements of any third-party websites.
All comments will be reviewed by Michael Douville and staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Michael Douville and his affiliates.
Classes for Investing are being scheduled in Phoenix, AZ.
Michael Douville's Investment Books:
How To Create A Real Estate Money Machine and Retire With Income:
www.amazon.com...
Real Estate Investing for Beginners:
www.amazon.com...

[@TheRealGeorgeLane]

I’m in Indianapolis. My biggest issue is that there is a lot of supply and that I don’t see prices going down, but likely staying steady, regardless of our economic crisis with inflation. I don’t see it having an effect on housing. Am I trying to figure out what you’re seeing with the supply of homes. I agree that homes are currently overvalued, but I feel this will maintain. Thank you for the video. Huge times right now.

[@michaeldouville690]

Thank you for your comments. Jesse Livermore, considered one of the greatest stock Investors making his fortune during the Roaring 20's, and our current Investor Guru: Warren Buffet have something in common that seems to have survived the ages: PATIENCE! Watch the Supply and the Local Employment; not the "News", but are manufacturing plants opening or closing, retail opening or closing, watch for "For Sale" and "For Rent" signs which indicate longer days on Market. However, Investments are still available; if the property has value and is generating current CAP Rates, then it should be considered. In this environment, s severe correction needs to be factored in as a potential possibility and if so, how will the property perform. You are already ahead on 95% of other Investors because you realize that we always operate in a "Constantly Changing Economic Environment"! Michael Douville

[@TheRealGeorgeLane]

@@michaeldouville690 I appreciate your reply, Mr. Douville and can see your perspective. Still, I see many conflicting arguments. I completely agree with the “news” as the media both doesn’t want to cause a panic, as well is politically motivated to keep this current administration in since they’re clearly left leaning. That being said, I’m curious about your opinion on my situation. My wife and I sold our home Q4 2022 and currently live with her parents while home hunting. We have purchased land and plan to build, but are seeing steep prices in building, but is still more affordable than built homes. We are in Indiana. Would you wait to build or build ASAP? If you feel waiting is best, what do you feel I should look for as a sign to begin the process in building on my land? Thank you.

[@michaeldouville690]

@@TheRealGeorgeLane Great Comments and a very thoughtful question. First, I do not know enough about you and your wife to offer any reliable information. Second, all Real Estate Markets are Regional and then Local. There are markets that can easily change with employment opportunities, boundaries for school districts, Parishes, synagogues, town lines, Freeway access, parking......wow! You name it, it can affect a local market. Taken in a Macro sense, then trends appear, and I believe the Real Estate Asset Class is Completing its Cycle and trending down. You mentioned you already own the land, so the Real Estate is already purchased, and I assume with the proceeds from your Home Sale in 2022. These funds would be considered "Seasoned Capital" not new Capital. In other words, the Capital would be at RISK regardless of whether in the asset you sold(home)or the asset(land) you purchased. Your question may be: when is a good time to build? That is outside my models and outside my knowledge of your area. However, a severe Recession KILLS INFLATION. It also reduces demand for framing crews and concrete. During the GFC, skilled labor lost jobs and suffered reduced work hours. Many workers were grateful for the work; often times more experienced workers were available than during the recent building frenzy. Just a few thoughts! Michael Douville

[@ramonajpaniccipllc937]

Great info Mike

[@michaeldouville690]

Thank you for the comments. A huge buying opportunity is coming, but not yet. Stay tuned. Michael Douville