Exact Housing Market Crash Date & Price Increase (New Data)

[@tommyboy653]

Everyone is entitled to their opinion. I’m a retired builder, developer and real estate investor. In my opinion you’re missing the biggest factor. People can only afford to pay so much. News flash: consumers are tapped out. It doesn’t matter how willing they are to buy when they can’t qualify for the loan. This housing market is going bust within the next 3-6 months. You’ll see!

[@AviIsrael76]

He was definitely off on interest rates going lower.

[@rajastylez]

Two months to go buddy in your prediction!

[@tommyboy653]

@@rajastylez Markets are already breaking in bigger cities. Rest of the country will soon follow. I was just looking at fed’s data last week. Record level mortgage delinquencies and that’s not including loans in forbearance. Government keeps saying repos are at record lows. Well when it’s basically illegal to foreclose that might be true. Lol As always more smoke, mirrors and fake news.

[@sandrineb8370]

I just sold my house in CA. It may go up even more in the next few months but I'm not ready to take the risk. I will rent for a few months and then see how it goes and buy something cheaper in another state, for the long term.

[@christopherbeasley5533]

Smart move

[@matts9518]

We just sold our house too in VA, in a day. We too are fine sitting on the sidelines for a year or two to take advantage when it cools down. Good luck to you.

[@passionzhere]

right move ,I want to buy house in CA I have cash 💸 and I'm waiting for the right time now .

[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@dannycastaneda4273]

Best move I've heard all day, LA is way overpriced, here in Dallas and surrounding area, u could built your dream home for way less than half of what u would buy a small rundown home in LA

[@DenverNuggets212]

Sellers' "comfortability" becomes a non factor if they can't cover their mortgages anymore, which is very likely the case if unemployment sustains or goes higher.

[@stevenvanderheide6472]

Well, lower income homeowners are getting money from the government (at least in Canada) so that helps

[@DenverNuggets212]

@@stevenvanderheide6472 Ya but that's kind of begging the question, because then the question becomes "where is the government getting the money from". And in a country as populous, and as in debt as the United States is, such a program is fiscally unsustainable.

[@Hacker-rq9vo]

@@stevenvanderheide6472 Socialism is my biggest nightmare. It's just a transitional period between the fall of Capitalism and the realization of Communism. Pure evil. The United States have already destroyed the economy during the pandemic due to all the hand outs. We need free market practice! No socialism for the rich! No socialism for the poor or middle class!

[@dannycastaneda4273]

Your forgetting the forbearance ending in March, I see a lot of homes in foreclosure by the summer

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[@user-tl1yz5vf2e]

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[@sportsfan1717]

1. A lot of people took forbearance after March, which means their forbearance won't end this upcoming March. 2. What if the government or CDC extend forbearance?

[@year1929]

Good point, government may extend forbearance period but he should not ignore this factor. More importantly if you keep increasing home prices the number of people who can afford decreases lowering demand. The demand will decrease if pricing keep going up and eventually the supply will significantly increase once forbearance period is over; even if that is 2022.

[@donaldbest7621]

Those who choose to buy now will be fleeced, imo. Debt can’t grow much farther, it’s getting ready to implode, velocity of money is all time worst in history. I don’t see a bull market in real estate in an already over priced market, in the midst of the worst economic crisis in modern history. I am wrong often. Australia is starting to tank, as most other city centers around the world now. Once everyone has finished moving from the cities and more ugly economic numbers, and information start coming out, there will be a huge onslaught of inventory. We can also be assured those who are delinquent on mortgage, will at some point be evicted, and the banks will be having a mountain of real estate to liquidate. They were able to resurrect the housing prices on the last credit issue, I doubt it happens the same this time around.

[@rajastylez]

I learned recently that in America the CARES act will allow people to defer mortgage payments until next year. So it's not an issue right now.

[@donaldbest7621]

@@rajastylez when it is an issue, it will be too late to make arrangements.......that’s why they are doing it over time.

[@jordanaubrey-realestateinv334]

These next couple of months will be interesting!

[@MalcolmLawsonREALTOR]

Very!

[@djcruiser9816]

Was the Canadian Housing value chart represented in USD or Canadian dollars?

[@djcruiser9816]

At this rate who knows we might get paid to actually buy home.

[@stevenvanderheide6472]

I expect a major supply increase in May 2021

[@MalcolmLawsonREALTOR]

What from? You think we will have the virus under control by then?

[@sushmitareddy8587]

@@MalcolmLawsonREALTOR If virus is not under control for 10 years do you mean to say that inventory continues to go down for 10 years and prices will go up 3.7% per month for the next 10 years? No one knows when virus will be under control. Very soon we will learn to live with it

[@stevenvanderheide6472]

@@MalcolmLawsonREALTOR I am in Canada and typically the most housing transactions happen during May. After a year of renovating and fixing up their homes people will keen to list or re list their places. Not to mention forbarences ending and forclousures possibly piling up by this time. i suspect the worst of the pandemic will be over and people will have forgetten about it rather quickly... sadly it will be too late for most

[@JustMe-fx1uu]

@@MalcolmLawsonREALTOR depends on the economy and sellers' ability to continue paying their mortgage. Banks cannot "forebear" forever. Also, Canada saw the influx of Chinese buyers and investors, driving their prices to the stratosphere. Unless you expect this to happen and sellers can continue to afford their homes, I predict a crash in the Summer of 2021

[@anthonywar7223]

@@MalcolmLawsonREALTOR no

[@mearsglassworks]

Mortgage companies and appraisals would need to accept this kind of increase. I don't see that happening.

[@DewTime]

Good video. I might have missed it, but did you ever address the wave of foreclosures next year? Also random feedback. Can you turn off that sound when the mouse clicks?

[@DewTime]

Fake account

[@mikesmith1702]

great video. very insightful... curious why the music in the background? personally- it's super annoying

[@davidron908]

Our economy isn’t like Canada’s. Market will crash before summer. Bet the farm on it.

[@faksibey8906]

National figures and analysis will NOT follow regionally. Ohio will crash in 2022 as a linear market, but California will crash MUCH earlier like 2021 because it is non linear. A single buyer of distressed property does NOT buy the overall average like a stock in the financial market . . . A single buyer only has to be right once with a single datapoint.

[@patrickbritton4082]

LOL - yup! spot on Faksi!

[@MalcolmLawsonREALTOR]

Yeah, that is a good point.

[@yume816]

Make sense more people will want to sell after Covid but where will they move to? Not everyone want to go to an apartment. New Supply is nowhere close to demand. I think it may be even longer til a crash.

[@user-tl1yz5vf2e]

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[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@kandiceblu1]

Purchased my house for $445,000. 5 years ago and the value now is over $600,000 today and they just raised my property tax about six months ago I bet they’re mad at themselves that they didn’t hold off until this year

[@CodingAbroad]

@@user-tl1yz5vf2e STOP!!!!!!!

[@downtoearth7366]

When u said home price are sky rocketed I’m so sad because it hard to find a home right now

[@MalcolmLawsonREALTOR]

Yeah, it is a frustrating market for buyers right now.

[@MalcolmLawsonREALTOR]

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[@RS-te7sb]

Malcolm, Can you please advise me. I am in Brandon Florida. And the prices have increased a lot. You mentioned that foreclosure can hit florida sooner.. Should i wait.. or should i buy now at high prices, if price is going to increase further.. i want to buy as i have been paying rent.. i would appreciate it..

[@MalcolmLawsonREALTOR]

@@RS-te7sb I always tell people to not try and time the market and instead buy when it's right for you and your family.

[@downtoearth7366]

I have no choice to wait for home price get low I need a home right now And yes the home is hard to find not too many for sell and the price are so high

[@jalee6587]

The reduction of price may start end of 2021 into 2022. Then 2023 is when we will see a bottom.

[@CodingAbroad]

@@user-tl1yz5vf2e you are on every comment! Can you STOP please

[@outbackeddie]

Very good and logical analysis. The only thing I could think of that might change the outcome you outlined is if we have a big increase in unemployment as the result of a lockdown. This may reduce demand enough that it will put a brake on the price increases over the next year.

[@DenverNuggets212]

As well as increase supply due to the inability to cover mortgage payments.

[@unitedwestand5602]

And don’t forget mortgage forbearance ending and foreclosures will increase

[@DenverNuggets212]

@@unitedwestand5602 yeah this video ignored some pretty big facts about what's going on

[@MalcolmLawsonREALTOR]

Yeah, it's possible.

[@astrologyfactor8588]

Good video, I think the trust in the fed will break at some point. Domino effect will occur with sentiment.

[@olyuseMEblade]

I just dont see people still debating if they should sell 2 years later.

[@davidb2142]

The moratorium in the US end at the end of this year.

[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@nutritioncoachjo]

I live in WA state and just sold my house about 1 hour outside of Seattle and the market is soooo different depending upon where you live within different counties. The area where I sold, I now see compatible houses currently just sitting on the market and yet I hear a local realtor within that county saying sellers are receiving multiple offers and selling over list. Uhhh not where I sold! We have seen a softening. We had to drop our price and sell for another 10k less than listed price on a 760k home in order to sell. While the inventory is indeed low, they are still not moving and have been in the market for months. I don’t think anyone can make a blanket statement about the current market right now because it really depends upon your specific area even within your own city and state. Well, that’s the story in WA.

[@dannycastaneda4273]

760k that's way over priced unless u have a mansion, u can have a beautiful home built here in the Dallas area for half that, I think everything in the west coast is way over priced, especially when ur living near a fault line and are exposed to earthquakes and tsunamis

[@nutritioncoachjo]

You cannot make a comment on a price I sold my home in area you know nothing about! Mansion? No. Mansions would sell for millions out here even outside Seattle. The prices are not determined by the negative things you point out about the west coast like earthquakes. 🤨House prices are correlated to jobs/salaries and cost of living which are high out here.

[@dannycastaneda4273]

@@nutritioncoachjothe cost of living does not match the price of homes, homes have risen so much in the east coast that only 29 % of families can actually afford a home,

[@dosepulveda1]

Overpriced. Quit your gripin

[@sophieartmusic]

If sellers can refinance instead of selling, that reduce the # if inventory and house prices will still go up. I have a townhouse upstate NY that I’m waiting to sell. I over paid in 2007 or 2008 and still waiting for the price to increase a bit more to what I paid for. I paid 250,000 and it dropped to 190,000. Last highest price it recently sold last month was like 235,000. If I can sell it for 260,000, I’ll list it! Or I’ll list it if my tenant moves. We’ll see...

[@rickgreen4142]

Got a couple houses to sell?

[@7heRedBaron]

If someone is facing foreclosure except for the moratorium, and in the meantime their property value soars as much as you estimate, doesn’t that essentially buy them out of their hardship? A home is the most leveraged investments anyone can make. With 25% equity, one could see their equity multiply several times over. By that time I would imagine many could reorganize in bankruptcy if necessary or short sell to walk away with a profit.

[@MalcolmLawsonREALTOR]

You would think it would but most of the time it does not. If someone can not make their mortgage payments, the bank repossesses the home and the bank keeps all the quity. Hopefully, the government will step in and let the barrow refinance or defer mortgage payments but most likely the banks will take all the equity.

[@7heRedBaron]

@@MalcolmLawsonREALTOR Sad, but thanks for the response. In the few I’ve witnessed, the banks did as little as possible to maximize the resale value, so that widened the loss to the homeowner too.

[@Chandler1465fn5]

I don’t see the virus being uncontrolled for 2 years. So you’re saying house prices are going to stay the same especially with another wave of lockdowns and job losses? And they will be able to figure how to keep their homes or renters 🤔 a lot of people will run out of their forbearance and cannot get a extended after 12 month’s. I see a decrease prices lowering in the next 6 months 🤷‍♀️

[@dannycastaneda4273]

Perfect just in time for me to save enough money for me to buy a house

[@Virgoae]

You look so much like Charles Day.

[@rentospropertymanagementso4895]

Helpful data and very helpful analysis for the buyers and sellers as well. Thank you.

[@user-tl1yz5vf2e]

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[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@Mahershalalhashbaz5]

The federal reserve changes their mind all the time.

[@FishhawkranchrealestateNet1]

Nice analysis. Not sure how it is by you but we have the ability to list a home, use 3D virtual tours, videos, and photos and not allow in-person showings. That said, I don't know anyone that is opting for that. I think most sellers are fine with having prospective buyers wear masks. It also seems like even though COVID cases are increasing the fear levels are lowering. I do expect in my market (Tampa) that we'll see additional inventory starting to hit the market in March.

[@TheRisco21]

I agree completely

[@JosephOfBorg]

I think your nuts How do the unemployed get mortgages in the mean time?

[@JosephOfBorg]

Also how you you think 2 years of foreclosures get through the courts in just a few months?

[@MalcolmLawsonREALTOR]

Yeah, most of them won't be able to get mortgages unless the government enacts some new type of program. So if we see 20% unemployment, that's 20% of Americans who can't buy a home. But that does not appear to have that big of an impact on the market. To your point about the foreclosures, I agree they won't all hit at the exact same time. Probably over 6-12 months.

[@pooh-bunny9249]

That's exactly what he explained - unemployment had no correlation. A huge % of US population work from home who still have jobs. Unfortunately looks like the people who have lost jobs are low income workes who would not be buying homes anyways. This is the sad truth but its the reality. Rich are getting richer.

[@ownsilver]

thankfully wages have kept up with housing price increases or does it even matter anymore when we have the 70% house price correction that's when I'm buying, ah grasshopper you say they won't loan money when this happens the smart money already has cash waiting, the house next door in 2007 was valued at $460,000 in 2010 it sold for $120.000 I didn't have cash then this time I'm ready to fill my American dream

[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@Missywatches]

OMG please get rid of your background music. I have to think twice about clicking your videos because I’m dreading your music lol! You have good info I just can’t deal with the music

[@jalee6587]

The values are going to level off. Before they drop.

[@grsshppr7659]

Ya know that feeling you get when somebody is blowing up a balloon and they just keep adding air? You know it's gonna pop, but you start to cringe in expectation long before it actually does. And when it does pop, it always catches you by surprise, even though you knew it was coming. That's market for ya. It's a fool's game to try and time it; the elasticity of bubbles can become unmeasurable. But you don't have to time it... you just have to wait for it to happen. You'll hear the pop when it pops. You'll only fuck with your own emotional state trying to predict the day and the hour. Just keep your powder dry, and fire when you see the whites of their eyes. You won't miss then. You're welcome.

[@kaitlynnguyen7149]

Cant wait house market crash again

[@AF-xi8ly]

Same

[@mamaraisednofool5807]

I don’t even know what the guy in the video is saying looks like load of crap. But the comments section is great a bunch of interesting people refuting everything 😂

[@od2437]

Hopefully this is the case

[@thedad6831]

How about everyone who is behind on their mortgages tell their banks that they’re “not comfortable” in selling yet - that should keep your theory going, haha!

[@user-tl1yz5vf2e]

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[@user-tl1yz5vf2e]

+ 1 ( 3 3 1 ) 2 6 3 - 2 8 9 3

[@sergiovillasenor4172]

Same news..............

[@gloriafoster3651]

What if the people who own the house has had Covid-19 that’s a risk for the Buyer

[@dsc-nr5zy]

That's what PEAD forms are for.

[@user-tl1yz5vf2e]

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[@user-tl1yz5vf2e]

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[@hanhhoangRE]

open to do a collaboration? let me know! im here in SOCAL. LA area.

[@moisesmartinez3134]

Before you upload make sure you are giving accurate info.

[@ariebesserman3746]

Who is this lobbyist working for ...

[@lovegold5272]

Stop getting tested!

[@Mediassshow]

400 million people living in America? A bit over exaggerated?

[@dosepulveda1]

Around 350 m documented... 50 m undocumented wouldn’t surprise me. Years ago the figure was around 20 million illegals.

[@JoeCab]

Uh oh.

[@anizakaryan6723]

Clicked on this video for real estate update. What I got was covid/vaccine propaganda. No thank you!

[@MalcolmLawsonREALTOR]

The real estate market is directly tied to this virus.

[@anizakaryan6723]

@@MalcolmLawsonREALTOR after 8 months of data, you haven’t realized this is not about a virus? It’s the Great Reset (fka the new world order). The real estate market will never go back to normal no matter what the vaccine or the manufacturered virus does. The only way to go back to normal is if enough people wake up and revolt against the globalist technocrats and their agenda. And promoting dangerous mRNA vaccines and giving people false hope isn’t going to help.

[@frankgarcia7070]

Hit the HWY

[@ordinaryman1603]

no correction or crash. supply and demand are old theory. home prices have only one direction that is UP. get real people. it is not your grand parents' market now.

[@unitedwestand5602]

Did you sleep through 08’

[@ordinaryman1603]

@@unitedwestand5602 yes i rode that wave. fed/govt don't like low home prices. they have mbs, leveraged in all sorts of pension funds, state govts rely on property tax and they will prop up higher home prices. so home prices will saturate at some point and go higher. don't expect 30-60% crash like 2008. fed is aggressive and proactive. more money printing will come in the future days from our currency dictators of the world.

[@heh2943]

In my area housing prices are going down...

[@Trumps_Idiocracy]

@@heh2943 where you live?

[@setha360]

@@heh2943 probably Detroit

[@stekoo664]

Nonsensical gibberish. Hey, what happens if interest rates, now at 500 year low, start rising?

[@mr_realestate9099]

Projected to stay low for 2 more years. If they go up, the supply of homes go up and prices of home go lower. Never really an issue

[@depocars]

Total BS