Housing Market Update 2022 - 3rd Qtr | Why Can't People Just be Real?

[@AndrewFinney]

QUESTION ❓ - What do you think will happen in the housing market by the end of 2022? Tell us your reasons why in the comments below. Thanks.

[@jacksonmeyers1698]

Andrew I really appreciate your straight forward content. Pls stay focused on what you would want to hear about as opposed to click bait content. Thank you for your professional input . . .. especially in this fake news environment. Semper Fi Bro!!!

[@AndrewFinney]

Thank you Jackson! What are you the most focused on right now that you would like to see in an upcoming video? Sending you positive vibes everything is going your way! Semper Fi Bro!

[@jacksonmeyers1698]

Thanks!!! We are in the process of selling our home this week and moving to a rental home for the next year. In hopes of the housing market correcting then re-entering the housing market as a cash buyer. I know there are a lot of things that have to go our way but I think the fed induced housing bubble will pop and hopefully we are in position to take advantage of that. I would love to see content about the many different institutional investors in the residential real estate market. Considering they played such a large role in the demand side (approx. 20-25% of purchases) were from these private buyers. This significant role appears to be unprecedented (on this scale) and I wonder what their position will be if their borrowing costs increase on an asset that is going lower in value. Thanks again!!!

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@BossMovesOfficial]

Excellent content 🤘 Just saw you on Think Media's channel

[@AndrewFinney]

Awesome! Thank you for dropping by and for your kind words. Yeah, Think Media rocks! It was fun working with Omar on my studio redesign. Sending you positive vibes everything is going your way!

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@zmack1830]

Andrew Finney____The Man. The Myth. The Legend!!!

[@AndrewFinney]

Hey Z Mack! You're the best, love the positive vibes! I'm back and will stay the course this time around. I needed to work through some stuff, it's sorted out now. I appreciate you hanging in there with my. You rock! Sending you positive vibes everything goes your way!

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@jessfontane8552]

I’m curious to know what time of year is best to buy, my husband and I are in the very competitive NJ market and are going up against all cash offers and people waiving inspections and appraisals which we don’t want to do.

[@jessfontane8552]

Ps- love you videos they seem very honest compared to other KZbinrs and straightforwaed

[@AndrewFinney]

That's an excellent question Jess! The market is cooling, so if ya'll have some time and ride out the higher interest rates, then you might have more options in 2-3 months. If I were in your shoes, I would assess the current competition and what it takes to get a home (in terms of money) vs what a higher interest rate looks like on a monthly basis assuming a home could purchased at list price or slight under. Based upon that, I would have the financial information I need to make a well-informed decision considering how long I intend to live in the home I buy. I hope that helps? Sending ya'll positive vibes everything goes your way!

[@AndrewFinney]

Thank you Jess! That means a lot to me. Yes, I share from my heart to help people and keep things real. Just working on figuring out the right balance to stand out from the crowd so hopefully my content can help more people. I'll keep adjusting/ pivoting as I continue to learn and grow. One thing that will always remain is the honesty and straightforward approach. =)

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@EricHenning]

This is very good. It could be better, especially for the average consumer, who doesn’t understand terms like “basis points,” and doesn’t know what the charts mean. Please take an extra pass at your scripts to eliminate, or at least explain, technical and industry-specific terms. Remember that a huge audience for this education are people who have little or no background in math or economics. I’d recommend joining a local Toastmasters club to hone your speaking and scriptwriting skills. You’re on the ten yard line; adding a wee piece of technique will get you into the end zone.

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@frankhalavy1613]

YOu should have mentioned that after the recent 75 basis rise, the 5yr fixed mortgage rate came DOWN by 25 basis points. This means the market has already begun lowering interest rates in 2023.

[@AndrewFinney]

Hi Frank, thank you for watching and for commenting. Perhaps at the current time you better understand why I made the comments about mortgage rates as I did in this video. The initial market response was a knee jerk reaction. It usually takes a 2-3 weeks for the market to adapt and around 2-4 months for the full effect to be felt. We'll see what happens moving forward. Thanks again for watching and for commenting. Sending you positive vibes everything is going your way!

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@RetrieverTrainingAlone]

New starts are likely to remain low as construction supply costs are still very high and interest rates have doubled. Low supply likely for the next 5 years. Housing starts declined in April, May, June, July. Housing starts in the US dropped 2% month-over-month to an annualized rate of 1.56 million units in June of 2022, the lowest since September last year.

[@AndrewFinney]

Thank you for sharing Missy! Excellent points. It'll be interesting to see how this plays out. Thank you for watching and for sharing with us. Sending you positive vibes everything is going your way!

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@KateElizaBarnes]

❤️

[@AndrewFinney]

Thank you Kate! You're the best!

[@KateElizaBarnes]

@@AndrewFinney Great video as always!

[@AndrewFinney]

@@KateElizaBarnes thank you my friend! 🤗

[@Jennifer-lc4lk]

Let's talk ☝️💌

[@wolfenterprises9216]

Your hair is getting LONG

[@AndrewFinney]

Lol... Yep it is. YOLO, right? rofl. I'm having a good time with it so far. Great to hear from you. Sending you positive vibes everything is going your way!

[@Jennifer-lc4lk]

Let's talk ☝️💌