More Challenges Ahead For The 2025 Housing Market

[@johnnyli4702]

something that people also need to keep in mind (re: mandatory insurance) is that mortgages get sold ALL THE TIME (against your will and without your knowledge) and not all of your documentation always ends up going to the new company. So people should remember to keep both physical and electronic copies of their home insurance policies at all times because your new mortgage company might send you an email or mailer telling you they have no insurance on file and you only have a tiny window of time to provide them with those documents before they charge you a ton and you end up paying two different home insurance companies.

[@KristinaSmallhorn]

@@johnnyli4702 good advice, thank you. 😊

[@N2MyGroove]

Totally agree on the FACT that the supply of reasonably priced housing is affected by corporate conglomerates. It’s ridiculous that equation continues on unchecked, covertly of course. Mostly due to Citizens United. Grrrr

[@Joce123]

When you need to earn 3 times the amount of the rent in order to you and get an application form for an apartment the term affordable just does not apply...

[@MsIzzi]

I see maintaining, upkeep cost hurting home owners too.

[@KristinaSmallhorn]

@@MsIzzi true. Cost of a new roof is astronomical.

[@bellazmixx]

Austin ,TX have had a ton of horrible new builds where they are signing off on the inspections but these houses are barely standing. There’s a home inspection guy that has a whole channel dedicated to these new homes being signed off this way!

[@KristinaSmallhorn]

@@bellazmixx I think I’ve seen his tiktoks. Usually the biggest get track builders of my memory serves me right.

[@julianparks3325]

Great show

[@bahwickee]

love the intro!!

[@karenjensen2345]

My son wants to sell a 2.75% assumable FHA house ONLY to a family, no investors, can he do that???

[@davisholman8149]

My kids did that because too many investors are taking over Arizona - so yes - they sold it for a little less money to a couple with a new baby. This was their first house & they were in that same position when they bought it. They did some great rehab/styling to it & made so much money - they gave the couple a 5k break - the wife cried she was so grateful.😍. They feel Karma will make up for their kindness.

[@KristinaSmallhorn]

@@karenjensen2345 technically they should be able to. They will need to meet with a lender to see if the current mortgage qualifies.

[@Joce123]

If you have a car loan you also have to maintain the insurance and you can only have a low deductable.

[@cherieburau705]

QUESTION: Must the seller disclose that the property is very close to a chemical waste landfill?

[@KristinaSmallhorn]

@@cherieburau705 depending on the state. If it pertains to the working function of the home they must disclose in Louisiana but being close proximity to a chemical waste area does not pertain to the function of the home so technically they are not required to disclose that. I’d recommend they would but they don’t technically have too.

[@Joce123]

Great presentation

[@leannalaw9569]

I didn’t mention that our home is located in an area that is desirable as well as none under 550 thousand.

[@Maxxmentum]

In AZ and my home has gone up 380, and auto has gone up 180/ 6 months

[@0505krm]

Kristina, should I sell now - are we at the hight of the market here in Elk Grove California. I have seen a decline a bit in the past few months. I want to maximize my profits. This isn’t a home or neighborhood I wish to call home in my retirement years.

[@seanm3226]

Never say “maximize my profits” on this channel. Capitalism is frowned upon here.

[@KristinaSmallhorn]

@@0505krm I’d tell you to meet with a realtor in your area to discuss what’s actually happening as far as home prices. The decline could be just the time of year it is. Also, meet with a lender to see what your financial position is with the equity in your home and what you are looking to buy next. This will help make your decision much easier.

[@KristinaSmallhorn]

@@seanm3226 you’re funny. I don’t like unchecked capitalism. The animals are now running the zoo (aka, wall street investors, aka, Blackstone) and that isn’t helping the first time homebuyers at all.

[@Southerngryl5]

Luv the intro! Question: downsizing, at first I couldn't find a smaller at all. Most recently began to find old homes that needed work not much. Some owners one or longer . What do u think is it worth a try?

[@KristinaSmallhorn]

@@Southerngryl5 always worth a try. The worst that can happen is the sellers say no.

[@CDmatt]

The shortage of housing was caused by corporate entities and people owning multiple properties. If the amount of houses were doubled today, in a month or two they would be bought up and there would be a new housing shortage.

[@leannalaw9569]

I had my home in the market and my realtor gave me a fake offer on it just to get me to allow someone to come see it! I lost faith in him when from the beginning when he came to take pictures he wanted us to lower the price then two weeks later lower it again! I filed a complaint with the board of realtors and also the department of licensing! I proved it was a Fake offer!

[@Joce123]

There is a description of affordable housing that isn't correct... Affordable cannot be defined by 50% of the median income.... High-income earners skew the calculations.

[@seanm3226]

Houses are purchased every day. People are affording homes.

[@johncory6452]

Isn't the market going to crash since no one can afford to even buy a house?

[@leannalaw9569]

Idaho crash no way! It’s a red state and they keep it really clean. Way different than Washington state!

[@Joce123]

My brother-in-law in Louisiana could not get a pin put in his broken ankle until he came up with $1200 cash that was the amount that his insurance company wasn't going to cover for the surgery.

[@seanm3226]

It’s called a “deductible”.

[@JamesDonovan-p5r]

You have been wrong the whole time why lesson to YOU

[@kennethanderson1685]

❤

[@leannalaw9569]

Thought he died at 99 already!

[@KristinaSmallhorn]

@@leannalaw9569 I swear I thought he’d passed already as well.

[@leannalaw9569]

@ he did! At 99 in 2023. We are in a movie! Distraction!

[@leannalaw9569]

Hopefully Trump does away with property Taxes!

[@leannalaw9569]

@@KristinaSmallhornyes