Have We FINALLY Entered Into a Buyer’s Market?

The supply of homes for sale in the U.S. just hit a 5-year high so, have we officially entered into a buyer’s market? I also share the latest trends regarding home prices, home sales and much more.
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Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
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#Redfin #realestate #housingmarket

[@kingbradentucky]

There are still too many sellers living in lala land thinking they can get 2022 prices. We still got lots of room to fall especially where I am in Florida.

[@domoxxoox1]

My brother is a realtor in Florida he said they were projected to hit the market cap in 2025 so yeah it'll probably be a while

[@iishyxvietxboyii1]

Homes here in California now are higher than 2022 prices.

[@jeffjlogan]

Its not the sellers...its the agents. They tell buyers where to sell...they want their commission on single sales since they have less volume...therefore they suggest very high listing prices (on average, not all agents are in intentional lala land like this).

[@calhitmen]

@@jeffjloganyea but buyers can choose to follow or get another agent.

[@JimFriend-iw3ev]

Prices are generally higher now than they were in 2022. Also, the whole country ain't "Florida".

[@lakesidejim73]

Buyers set the price. As long as people are willing to overpay for a house, prices will not come down. When people pull back and stay put and allow inventory to increase, then we’ll see some relief.

[@iishyxvietxboyii1]

Buyers went into bidding wars is the main reason why we’re here. 75 percent of people who bought in 2021 regret their purchase. People are dumb…

[@gregh7457]

@@iishyxvietxboyii1 i laugh when i see those zillow listings where the buyer bought in 2021-2022 and he's trying to sell it for what he paid for it or sometimes its at a loss. You're right they're dumb. In 2006 i sold my phoenix house to people like this. It was later foreclosed on. i sold for 250k and the bank was trying to dump it for 86k

[@jeffjlogan]

seems like buyers dont want to pay these prices though.

[@calhitmen]

Around here 2024 was a decent year for good deals. This year so far, inventory is drying up and houses are selling quick.

[@dlrgaming8026]

No they don't, I own, I sell for what I want and not a penny less, period.

[@nzgsw]

No. Prices still way too high.

[@dlrgaming8026]

Projections are that prices will rise by 5.5% this year alone.

[@pbshooter100]

I wonder if median days on the market include houses that were listed for sale but were later de-listed because they didn't sell.

[@tlindsay1007]

Good question. There are other such questions to be answered. Statistics are more complicated than one thinks. 😮

[@gregh7457]

DOM is reset when its deleted and relisted so yes it does reduce the median days on the market

[@noahmellor2378]

Love the value always Comrade!

[@xiaoyueyang5466]

Good house sold in one week here in California, bad house listed 130 days and still on market.

[@johnnyan1073]

@@xiaoyueyang5466 true

[@anthonyperrone8083]

I live in Fairfield County, CT and prices keep going up albeit at a slower pace.

[@suzannefisher3956]

I’m kind of wondering what it’s going to look like this spring, when there have been quite a few people holding onto investment/recreational properties and not wanting to pay high taxes after selling them. If we are in a better tax environment, starting in 2025, Maybe this will unlock some inventory?

[@alexrodriguez6373]

Ayyoo new sub from San Diego can you do some more reporting there ? Thank you!

[@JasonWalter1]

Welcome to the family, Alex. Happy to take requests if there's enough interest. Anyone else want a SD update?

[@freyrerealestate3202]

It’s all dependent upon the seller position. Homes that sell cheaply are dealing with undue circumstances. The sellers not dealing with undue circumstance are the ones sitting around because they truly don’t have to sell or are preparers and listed there house 3-5 months prior to having to be under their timeline for a child birth, empty nesters or job relocations. It’s not hard to see why if you are closely dealing with buyers lenders that the rates, insurance, taxes and prices are making buyers eyes open when they see that monthly payment. Hopefully they have a ln ethic agent that truly prepares them for home maintenance costs, homeownerships costs and the fact that their taxes and insurance will rise throughout the life of the loan. Good luck everyone and have an awesomely productive day!

[@JohnnyCastaneda-kh5oo]

Good news!

[@MeJonTheDon]

Why would homes in places that nobody wants to move to be high? Seems counterintuitive. Not clear there is a justifiable demand side of that equation that is scalable despite the low supply. Those areas tend to be shrinking or stagnant

[@Courtney-Alice-Gargani]

Good morning, Jason

[@JasonWalter1]

Good morning!

[@AJourneyOfYourSoul]

I have been looking for my next rental and the market is definitely softer in my area. Not crash territory, not every low ball is being accepted, no one is panicking, but if you wait to put in an offer most likely the house will still be for sale. I am finally starting to see some houses hitting 90+ days. I would say the market is balanced and getting back to normal. It will probably take another year for most sellers to accept.

[@johnnyan1073]

Slowing down but still high but california Fire and difficulty w obtaining insurance and loan im thinking its going up..

[@jeffjlogan]

I'm not buying until these hedge funds start dumping because the annual ROI isnt as good as other markets. There are ~16M vacant homes, and 25% of homes sold are still bought by investors - last I checked...jason knows better. I think an interesting indicator of "oh no" will be when the % of investor buys peaks and starts decreasing... On a separate note, I'm curious what these new Canada tariffs will do to lumber and home building prices and how that will impact the housing economy in the next 6-12 months.

[@JimFriend-iw3ev]

There are always millions of "vacant homes", why would that suddenly make a difference, and "investor" purchases peaked at 14.8% last year so I have no idea where you're coming up with that "25%" number.

[@dlrgaming8026]

Oh you think so? LOL I own property right now that I am selling and I am not dropping my prices period, might even raise them.

[@Courtney-Alice-Gargani]

I think we need a higher inventory in order to have abuyer market

[@Hz0hy]

New builders in California are giving a 75k discount

[@JasonWalter1]

I’m seeing discounts here too. Where abouts are you seeing it?

[@Hz0hy]

@@JasonWalter1 I just bought a house last week in Lathrop California the gave me 70k discount and 5k towards closing costs.

[@cyrusblackwood33]

There is no dollar amount anyone could offer to make me to move back to California. California is a hell-hole

[@Hz0hy]

@@cyrusblackwood33 😆 I hear you and I don't blame you I live far from the insanity

[@EvergreenDFTU]

Not for 90% of us

[@MVPTC]

Jason I'm looking to buy in Rancho help a brother out. I've been following you since I began this journey back in 2018 ish I need more info on if it's a good time for me

[@JasonWalter1]

Happy to assist you. Please send me an email (it’s in all my video descriptions or send an inquiry through my website).

[@JasonWalter1]

Not sure if this will go through but here you go: [e-mail]

[@JasonWalter1]

www.realestateteamfinder.com

[@chriswaldo8503]

Everyone is mentioning the Canada 25% Tariff. The whole point of Tariffs is to utilize OUR resources and to stop buying from other countries. I don’t believe this will affect the lumber long term. It forces people to buy within the United States. It will all balance out in my opinion.

[@gregh7457]

now is your time to shine if you're a manufacturing entrepreneur or an importer with the right connections. i knew a guy who bought a shipping container full of daikin mini split ac units from mexico that had been mfg'ed in china. All the documentation was in spanish but with no tariffs. China exploited NAFTA so much. Its time for them to pay the piper

[@craigcervino2447]

Where is exactly do you people live cause in New Jersey there is like 2 houses for sale anywhere at one time with 9 million people in state and as soon as a home gets listed for like 20percent more then last year it has like 50 over the over priced listing offers in like 5 hours

[@Steverz32]

Here is 1 for you Saturday #algorithm!😊

[@JasonWalter1]

Happy Saturday!

[@Steverz32]

@ Stay dry & drive Safe Jason, we have a wet week ahead of us.🌧️⛈️

[@JasonWalter1]

@Steverz32 you too, Steve! Thank you

[@aplusmerchant2281]

Sactown mactown baby

[@carnivalgods4573]

Jason NAR's data from yesterday indicating pending home sales fell 5.5% in December on the surface has complicated my ability to process their data you kindly conveyed in the last video. Synapse cognitive misfire.....out of order. Have a great weekend!

[@Needglory23]

Trump tariffs on Canada may increase the cost of lumber and other housing supplies. Add in deportation of cheap labor and that’s a recipe for higher home building costs.

[@JasonWalter1]

I’m very curious how much of this will actually happen and how it will impact home building.

[@tann_man]

Home quality will go way up

[@damp_squid]

US gets 30% of it's soft wood lumber from CAN. Add a 25% tariff and your increase across all soft wood lumber is 7.5% I don't think it's going to move the needle. It's elastic demand anyway. We're at $580 per thousand right now. We were 2-3x that in the pandemic

[@do-uc6xj]

For every 2.5 people deported, that is one housing unit vacated. And given that they are focusing on violent criminals, I'm pretty sure they are not the people putting in 40 hours a week on a construction site. So I am not worried at all by how that would affect housing supply.

[@pva527]

The objective is for canada to reduce trade deficit. They will either reduce the prices or buy more from US. IMO it will be a combination of both.

[@BevoGuy]

When rates come back below 5% then come back and talk to me.

[@cyrusm3391]

Y'all need to start buying houses

[@gregh7457]

why? you want to keep inflating the bubble?

[@cyrusm3391]

@gregh7457 cuz there's no more bubble to pop. There's a slit and air is SLOWLY leaking out deflating the bubble. This is the opportunity to buy before the bubble is patched up by the govt

[@Ja56780]

No

[@cyrusm3391]

@@Ja56780 keep waiting gl. Housing will stay around this price for a while anyways. Don't expect a big drop

[@cyrusm3391]

@@gregh7457 Bubble is deflating. It will not pop , govt and market will patch it up soon

[@Steverz32]

If we go into a buyers market that’s going to be crazy😮 #RealEstateIsLocal #LetsGetNerdy #EveryMarketIsDifferent😊#BathTub

[@JasonWalter1]

Good morning! Varies a lot by the area though. Sacramento is still a seller’s market. Love the bathtub hashtag 🏡🤓

[@Steverz32]

@ you know I listen to your whole videos, and the bathtub terminology made me giggle!😂

[@pasteriori]

10s of millions of sellers, who bought for pennies on a dollar sells with 1000% price increase. Trend zillow, bought in 2017 for 170k, now selling for 650k. Then.... 5 months later, drop to 550k.... still on market. Geez, i understand, i would probably also want to profit. But the scale of greed makes me give up on humanity. Problem is with buyers, who have a race with jones mentality. There are a lot of them out there. Reality is.. market will correct. I recall feeling envy people buying 500k houses in 2004. Then my dad purchase same home for 200k in 2016. I checked my neighbor debt, they are at 390k, still owning a bank. Wait until 2036+, ai incoming, boomers outcoming. Construction will become automated by robots. Houses will be as cheap as grocery. I will rent for now

[@andreware7638]

Bad video with what your president doing.

[@JimFriend-iw3ev]

She lost. Deal with it.

[@CurtisLoew-q7q]

But wasn’t February 2019 the lowest inventory since 2009? Approximately dates. And 2019 was not a buyers’ market. We are close to even with prices continuing to rise until 2030, as I have been saying. 2-5% price increases and wages catching up.