Deals Coming THIS Winter? (Oct. 2024 Housing Market Update)

[@s2f-spiritualfinancialfree785]

Connecticut baby!! - i brought my first duplex back in January it went about 100k in less than 12 months.

[@ScottLevin-i3s]

When you sell you’ll be lucky to see half of it.

[@Pochitoo]

Bro I just have a pending deal. And my mortgage came in at 7.348% 25%dp and 803 credit score!!! This is absolutely criminal!!!!

[@KBmotivationclips]

You must have settled for the first rate you got😂 most people shop around for interest rate through wholesale or retail brokers

[@misterringer]

Investment property or primary residence? if primary, you got ripped off.

[@Bennjammiinn]

I’m a Connecticut resident. Been shopping for my first rental for three years. We never got the cool-off that the rest of the country did. Every property has looked overpriced against comps for years. It’s been an absolute struggle trying to find anything that pencils out. I couldn’t be more ready for the hysteria here to end..

[@SigFigNewton]

Main point of the video seems to be that people don’t realize right now how weak the housing market is….

[@bellaendale7174]

Great show guys. I hate that some call it 'passive income', which probably ties into your point about 'unrealisitic expectations.'

[@NoahHans304]

If I had a dollar for everytime I worried about the economy and how it’s affecting the housing market, I would have my home here paid for in full. But since I don't, I'm actually glad Nurture Nest grants, has just helping everybody out tbh, cause everything is just moving too fast and too high with the election lately

[@michaelheard3737]

As the first time investor I'm thinking you duplex two separate doors two-car garages somewhere in New Jersey

[@BradleyJohnston_Realtor]

House prices down 10% in our area, I would consider that more than “mild”

[@Mike_Affholder]

Market will go down soon in Ohio we are having mass layoffs in the automotive industry.

[@ramsey-theyoutubereferee4460]

Moderately lowered Interest rates are not bringing demand back. Inventory is going higher and sitting longer. Sellers will be lowering prices in 25. You sound like a realtor!

[@misterringer]

People are going to be slow to let go of that equity. They will only lower price if they have too. With all the equity built up, price decline is going to be slow if there isn't distressed selling. Without an economic event, seeing a 5-10% correction would be optimistic, and in 5 years we'll probably be setting new highs waiting for a crash that doesn't come. I am a buyer and I hope the crash comes, but it's going to be a slow grind down without some kind of accelerating event.

[@ramsey-theyoutubereferee4460]

@misterringer I agree 100%. I'm starting to see price slashing in the DMV. I had a friend offer 15% below asking and got acceptance (still too high). But, the landscape is definitely changing.

[@brittoncoil2518]

@@ramsey-theyoutubereferee4460the DMV is an outlier. Surprisingly against all odds it’s currently one of the weakest markets in the country which is shocking as traditionally it’s always been one of the strongest. Same with Texas. Lots of price cuts there in huge dollar amounts too. I moved to St.Louis now though and there’s nothing of the sort. Everything still goes for far above ask unless it’s in horrible condition.

[@misterringer]

@@ramsey-theyoutubereferee4460 Glad to see it

[@wafflewafflewaffle]

I bought a duplex in 2018 and tenant just moved out a week ago. Im now fixing it up to sell. Will it sell in winter or not till spring?

[@cruzmissile25]

Only one way to find out

[@Sebastienleblanc7]

My I ask why you are selling it?Doesn't it make enough cash flow or problems finding new tenants? Which City is it in?

[@codemonkeymojo]

It depends on if you live in a small town or a big city. Generally it's best to sell in the spring though.

[@SigFigNewton]

Depends entirely on how you price it

[@wafflewafflewaffle]

@@Sebastienleblanc7 its cash flowing but I'm tired of section 8 tenants and also need the capital for a different investment

[@5678seth]

I would say you have year-over-year growth because the expensive houses are still selling for cash but the median true blue collar worker is not buying anything cuz they can't afford it this deluge of houses is coming Even if a blue collar worker can't afford it they don't want to pay the interest cuz they've never seen it lots of deals on the way

[@davidwein5473]

It’s over 7% now for someone with 25% down with a 780 credit score…: you said it’s at 6.5

[@Andrew-pv8oz]

6.8 for me with 615 credit score 😂😅😅

[@Andrew-pv8oz]

And 5% down

[@wafflewafflewaffle]

I'm at 6.5, idk what you're talking about

[@biggerpockets]

Yea thats higher than we've seen, and this was also recorded a few days ago so it could have risen since then.

[@dgambrel9241]

2 days ago, 6.5 12 month construction to Mortgage 8 year lock. 820 credit score 20% down

[@Frank-rg2bn]

I thought you left bigger pockets?? You said RE was a dead topic???

[@mle3857]

Prices always revert to what people can afford. Period

[@trich9367]

*supply and demand

[@engineerahmed7248]

its simple stupid ... demand & supply.....more people few homes

[@LiveContentCreator]

First

[@tucoramirez9729]

Wtf are you 12yrs old?? First at what you simp

[@Johnnywalnuts1]

35% drop by 2026