We need to go back to normal prices. If people quit buying overpriced houses then prices will drop to normal prices.
@joyjoyjoy77622 ай бұрын
Exactly
@user-si9wp1cj8m2 ай бұрын
Many of those houses were bid up in price by buyers with money, desire, and desperation to leave the cities. Not based on value. It was an illusion, and it's time to come back to reality.
@akingn88582 ай бұрын
People have. Its not the ordinary person buying these houses. It's corporate buying them
@dialecticalmonist34052 ай бұрын
Who are "people"? Investors have endless piles of cash. "People" don't. So what?
@xmaTKDmma2 ай бұрын
@@akingn8858people have not. loads paying cash for houses just not as many causing bidding wars. ALL people need to stop but many are running from their broken states.
@jojojojojojojo70132 ай бұрын
The company I work for furloughed another 180 employees on Friday. That's the second round this year.
@mike-uw6wt2 ай бұрын
What state?
@Twisted862 ай бұрын
A buddy of mine has watched her entire department disappear, and she is the only one left.
@xekis2 ай бұрын
I wouldn't call price increases winning. If you own the house you occupy and it went up in value you are just going to pay more in taxes.
@Gregroybiz2 ай бұрын
Social Media is a huge reason for the uptick in irresponsible spending. For some people the perception of success is more important than actually being financially stable.
@WestCoasHaze2 ай бұрын
Just chilling waiting for the collapse 😎 Travis keeps us calm and focused while waiting. These realtors are like used car salesmen...BONKERS!
@ehiwe182 ай бұрын
Steadily waiting. Rather miss out on my dream home than over pay 180k for it at 7%.
@dialecticalmonist34052 ай бұрын
It HAS collapsed. The dollar is worth LESS. Housing in NOT worth "more". This is the difference from 2008. Nothing is "rising" in price. Fiat is COLLAPSING in value.
@benjaminwlang2 ай бұрын
@@ehiwe18 Better to miss out than get buried because of FOMO.
@irfaankalamadeen98232 ай бұрын
Median is 100% being skewed by more higher priced property selling. More $1m properties that were listed at $1.5m are selling. Higher price cuts higher price points and the top 1% still have cash but at the same time not much property sales below 500k since those are all actually 250k homes.
@realestatemindset2 ай бұрын
Happy Sunday, brother! Hope all is well.
@irfaankalamadeen98232 ай бұрын
@@realestatemindset Happy Sunday Travis... All is well on my end down here in spiking inventory Orlando Fl. Hope all is well with you and the family.
@ethanmiles202 ай бұрын
That's the issue I'm having in Vegas you will not find any new builds property in the median price range they are all around $150,000 more. Put a weird pressure on the resale market and is skewing appraisals.
@eyesee69682 ай бұрын
I always appreciate the information you give in your videos. The one criticism I have when dealing with realtors is the narrative “if you’re serious, you will offer more than asking.“ I remember the first time I heard this, it was the late 1998 in suburban New Jersey. No offense to any honest, hard-working realtors out there - but when some say lines like that, they are just as bad as the banks who give loans to people who can’t afford the house.
@thomasfrederick712 ай бұрын
When I’m ready to buy, if I come across a realtor like this they will be fired immediately (or if they’re a sellers agent then I’ll move on to a different house).
@eyesee69682 ай бұрын
@@thomasfrederick71 Good for you! Everyone needs to do that. This is how the bidding wars go insane.
@thekraftycreech2 ай бұрын
My neighbors just sold there house and are very upset with there realtor as well because he basically shamed them and rushed them into accepting an offer.. they didn't feel good about the outcome.. you are totally right about the censorship.. you take that negativity like a champ Travis!! But your supporters know you are speaking facts and warning us!! And we appreciate you for that!
@bangkokshout2 ай бұрын
As of yesterday, 54% of the listings in the over 55 community I live in in Denver had price reductions. Listings are more than double the number last year.
@scottmansfield53082 ай бұрын
Heather Gardens?
@TinCanSailor2 ай бұрын
We recently put an offer on a home in Merritt Island, Fl. My wife and I spent several hours doing neighborhood price analysis, cost per sqft as you advice, and even expanded the comps to a broader area all in an attempt to try to understand the high asking price of the home. The agent sent us four comps which were already on our list. The agent even stated that the comps don't line up because the seller didn't know how to list their home due to some work they have done over the past 2 years. What we got back from our agent was the most inflammatory, finger wagging /shaming email response I have ever gotten in my entire personal and professional life. Hint I was around before email, so I have gotten a lot of emails. We shared our comps spreadsheet that had embedded links, original list, sold date and selling price etc. We like the house but are completely turned off to this process. We sold our home 3 months ago so we know what a dignified transfer looks like thanks to the professionalism of our agent in Tampa.
@mike-uw6wt2 ай бұрын
Fire that agent!
@TinCanSailor2 ай бұрын
@@mike-uw6wt We did. We probably should have said something to her but we did not dignify her last email to us with a response.
@corinagata91362 ай бұрын
I live in Merritt Island and everything is disgustingly overpriced. I fired my agent since I was so sick and tired of her harassment and lies pushing me to purchase something ASAP. There are 6,000 homes for sale in Brevard, some of them listed for the past year or even longer. I am already seeing properties purchased in the past 18-24 months listed for sale at a loss. However I feel like it’s going to take longer to correct or collapse compared to 2008 since a lot of these houses have huge equity still.
@ProdigyAced2 ай бұрын
Congrats on hitting over 100k subs!
@realestatemindset2 ай бұрын
Thank you sir! Happy Sunday!
@House_hacker_6192 ай бұрын
I’d been saying this for almost 3 years now real estate is local. It’s supply and demand. If you notice San Antonio is down 2% with crap load of inventories and San Diego is up 11% year over year because San Antonio has so much land not surrounded by ocean and builders are actively building. I’m in San Diego and south is Mexico and surrounded by ocean. My brother in law just bought a short sale move in ready for 300k and house was appraised at 400k. In San Diego good luck finding a deal with equity. It may take you years and if you do find house with 25% equity by then market probably up another 50% from today and it’s a fixer.
@House_hacker_6192 ай бұрын
Also San Antonio has 1.47M population with over 13000 inventories compared to San Diego with 3.5M population with 4k inventories
@josephguastella80372 ай бұрын
The New Rich is coming 🎉 you Can smell the money in the air 🤤 Cash will Carry as it always does 🎉
@NDenno19912 ай бұрын
Can we please figure out what’s going on with the housing market in New England? Hartford county in CT specifically? Just got out of the military and I’m priced out of moving my kids back home
@user-ms3ko5gn8e2 ай бұрын
Thanks for your service! I hope prices drop soon for you. It is completely unaffordable in most states but I am seeing home prices dropping slightly in my area,so it's only a matter of time.
@JasonWalter12 ай бұрын
Love the silver play button! Congrats, Travis 🎉🏡😀
@Michael-jp4oh2 ай бұрын
Rock on brother. I always enjoy your content.
@smdutt2 ай бұрын
I appreciate how you hope we win. There’s a lot of negativity out there these days, and it’s nice that you end on a positive, hopeful refrain.
@nimo43352 ай бұрын
Great commentary, as usual, with facts and references!!
@jaynawilliams89232 ай бұрын
The housing market, you might as well be talking about beach resort condos on Neptune.
@realestatemindset2 ай бұрын
LOL. Jay, things will change and turn as they always do. Society is even more clueless and reckless than the last bubble and this time we have a double bubble. I don't want to scare people but I think the people who are bullish are absolutely out of their minds. The inflation is really making things more prolonged.
@GovtWatchdog2 ай бұрын
It’s “new irk”, not “new ark”.
@daveblackman8162 ай бұрын
Happy Sunday
@realestatemindset2 ай бұрын
Love you my dude. It always gives me a good attitude when I see you buddy. Thank you for all the support. Did you file your homestead??
@joemartin88882 ай бұрын
Have you noticed the Data Center construction and broadband infrastructure going in at an alarming rate? This my friend is what we need to start worrying about...Something big is happening
@realestatemindset2 ай бұрын
They say whoever controls the data controls our minds. Be careful my friend.
@rathelmmc31942 ай бұрын
I've worked at carrier. The amount of infrastructure going in year over year has been over 100% for decades now. Not for certain why you'd be concerned now, but not 20 years ago.
@davidmiller5322 ай бұрын
Quantum Internet is coming and it is going to make 5G look like dial up.
@timothyhobbs52562 ай бұрын
I work at a data center as controls engineer and yeah data centers are popping up everywhere. Big tech companies want places to store their hardware
@prashanthb65212 ай бұрын
I am an IT guy and my prediction is that there is good demand for colocation data centers. So most of the datacenters might be occupied if not today then tomorrow.
@jackjohnson94492 ай бұрын
Home prices are going back to 2012 prices which means a 50% decline.
@brianbaker20622 ай бұрын
Bonkers. Was in hunt earlier in year. Ended up signing another lease at current house that's 700$ less a month then mortgages around me. Cibolo tx Try again next year
@chefgromano50252 ай бұрын
Watch THE BIG SHORT. The crash in 2008 took way longer than it should of. It’s gonna happen right before your about to throw in the towel. Be patient.
@yeahyousaidit2 ай бұрын
I just recently showed a new Construction 1 bed 1 bathroom home listed for 175k. The house is pending. Do you think more builders/developers are going to shift to smaller houses under 200k?
@realestatemindset2 ай бұрын
That depends on the metro area but overall I do think they are making smaller homes for sure, compared to 15 years ago.
@user-ms3ko5gn8e2 ай бұрын
What area is the 175k house?
@yeahyousaidit2 ай бұрын
Thanks for responding, I would love to see you speak on Fayetteville, NC. The military drives our market with a mix of people who sold their home up north and making cash offers. Builders are having a hard time selling new construction in the 300k range. Also do you have any data on Red door homes?
@SirCarlosMusicBMI2 ай бұрын
🎉🎉🎉 Awesome video Travis 👏👏👏 This was a very interesting video today. Thank you Sir,Carlos
@parler86982 ай бұрын
Summer 😎 price declines in some areas are bonkers!
@1ambrose1002 ай бұрын
Way too much Texas stuff.
@jasontye33072 ай бұрын
Too bad for me, Maine is just not building the necessary houses it needs to get outta this low stock issue.
@johnnifly2 ай бұрын
I stand with Travis since he stands with us trolls. #Travis2024
@Steverz322 ай бұрын
ABSOLUTELY BONKERS 👍
@realestatemindset2 ай бұрын
Steve! 100% BONKERS!!!!!
@jaymellathomas79582 ай бұрын
Thanks again Travis…luv the info ❤
@armchaireconomist86482 ай бұрын
So people who disagree with you are trolls?
@hedgedrisk2 ай бұрын
Thx Trav
@johncolombo32832 ай бұрын
Patience is a virtue 🙏
@realestatemindset2 ай бұрын
Wise words! Thank you!
@jonbarela32842 ай бұрын
Let's answer the question right now... Legit!!!
@marksgoogle43602 ай бұрын
buyers are few and far now
@poorasslawstudent2 ай бұрын
where can you find comps? aka actual selling prices if you're not a REA?
@armchaireconomist86482 ай бұрын
The money in Real Estate Market has already been made..
@dialecticalmonist34052 ай бұрын
Define "money". Is hyperinflation "money"?
@soniatorres27502 ай бұрын
Prices in Az keep going up! Its ridiculous.
@dialecticalmonist34052 ай бұрын
It's called "hyperinflation". I don't have a crystal ball, but there isn't a single person who has addressed this elephant in the room with any kind of satisfactory answer. Everyone just screams "It's gonna crash!" WHAT? WHAT is gonna "crash"?
@resnonverba33512 ай бұрын
The Clearvalue dude was bragging how the median price INCREASED. He was so happy to be right 😂😂😂. He thinks the houses increasing 200% is due to inflation , nothing else. Forget that salaries or materials have not increased that much. Noooooo, speculation and bubble behavior cannot happen again EVER, after 2008. Therefore we have to swallow the pill and accept that HIS house is a pot of gold and you missed the boat…. I immediately thought that this median increase was due to the fact that the balance has moved towards more high end houses selling (proportionally)than before, due to these luxury houses getting the largest reductions. This dynamic distorts the median.
@eddieloujones26732 ай бұрын
Yeah. It irritates me too. Hang in there. I'm hoping we have our day.
@typocoproject2 ай бұрын
It’s NORK, not New-Ark 😆
@BPil0t2 ай бұрын
😂 120 PSF I wish. 400 PSF by me. Agents allow bidding wars.
@fakeperson40692 ай бұрын
🎉bonkers
@kristenmerrill-nl2dh2 ай бұрын
Your heading should be edited: *lasts vs last
@carlosaleman85282 ай бұрын
The crash is coming, just wait for it! 😂
@MattDog_2222 ай бұрын
GnR - November rain (ft BONKERS)
@realestatemindset2 ай бұрын
Good morning Matt!
@dingle_jjblue_sky32482 ай бұрын
Bonk
@realestatemindset2 ай бұрын
YES SIR!!!
@Da-King-of-Swing2 ай бұрын
You're still destroying the pronunciation of "NEWARK" 😂
@randallelkin49242 ай бұрын
A lot of neighborhoods in Gilbert Arizona, especially the cluster type Homes are back to 2021 prices.
@sseraj28982 ай бұрын
Travis whatever happen to your house you had made an offer recently update on it please 🙏🏽