Remarkable Trends to the US Housing Market (Realtor.com)

[@JasonWalter1]

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[@SigFigNewton]

Some portion of the low demand is due to however much demand was pulled forward in time by low rates and by fear of missing out. It’s weird to me that everyone pretends no demand was pulled forward in time. I view it as an absolute certainty

[@PrehistoricMagazine]

You’ve been grinding so hard over the last few yrs can’t believe how hard it’s looked for you to get to 100k subs. Amazing you deserve a million subs. Mike

[@MaddieBr]

In my corner of NorCal, most of the inventory is overpriced fixers, poorly done flips, and properties with so many trees, insurance is astronomical

[@MaddieBr]

It would be nice if there was some way to attach a "quality" score to listings, but that might be too subjective

[@Courtney-Alice-Gargani]

First. Happy Monday, Jason.

[@Steverz32]

You got me😂

[@JasonWalter1]

Happy Monday!

[@williamjohnson9815]

Just got a card from a local realtor that summed up the sales for this year in my subdivision of about 400 homes (10 sales): 23 days on the market, and $457 per square foot were the averages. It makes Zillow look fairly conservative. Coastal SC.

[@brandoncarpenter9681]

It will be interesting to see the differences in markets. For example, in generality, how does Florida impact California?

[@jacinedelarosa6302]

It doesn't.

[@brandoncarpenter9681]

@@jacinedelarosa6302 for wfh people, it may when comparing the cost difference, but of course real estate has traditionally been hyper local and wfh is becoming a smaller portion of the employment since pandemic.

[@stevenap4594]

The affordability problem is nationwide. This isn’t localized. It may take some time for California not all of the poor Californians have moved to Colorado, Utah and Montana, they’re still there.

[@kioly_ah]

谢谢你的工作

[@threemonkeys5441]

All we have heard for two years is that prices will remain high because of supply and demand. High demand and low supply. Now demand is close to nothing and supply increasing but prices are going to remain high?? Hmmm

[@WillV_]

Not enough

[@SigFigNewton]

The immense amount of pent of selling hasn’t begun

[@CurtisLoew-q7q]

@@SigFigNewton Pent up demand is what you should say. Out of 140 million housing units (sfh), only 8 million were purchased after the interest rates were over 4%. No crash. Sorry.

[@jacinedelarosa6302]

​@SigFigNewto "Pent up selling" is only a "thing" on crash bro videos. It doesn't actually exist. Cooooope.

[@Jw2Amendment]

Pent up selling = Pent up buying. Right now it’s just pent up stalemate and buyers are still waiting on the sidelines. When you see interest rates drop it’s fireworks.

[@Courtney-Alice-Gargani]

Which website would you recommend to look at to get the latest updates on real estate nationwide? Updates like in home sales and home prices by month.

[@SigFigNewton]

One place is fredfed. The federal reserve bank of St. Louis I type in “Houston active” and a list of datasets appears and I choose the active listing count option and it gives me an idea of supply in that metro. Or “Miami median” and I can sift through the list that appears. Maybe I want to view Miami’s median list price. Or Miami median wage. Or Miami median sq feet per home sold. Or median days on market.

[@SigFigNewton]

Type new units under construction and peak at nationwide incoming-at-some-point inventory. Type personal savings rates and find data showing that peoples down payment stashes might not be growing fast at all right now

[@joewoodchuck3824]

​@@SigFigNewton Good to know!

[@SigFigNewton]

@@joewoodchuck3824 our government is typically good at making data public and terrible at making it accessible

[@ZyshanIbrahim]

Loved your content Btw are you looking for video editor?

[@JasonWalter1]

No

[@joewoodchuck3824]

All of this is regional or isolated cases such as Florida. I live in East Tennessee and the market here is considered hot with an average of seven days until a sale. Over bidding is not unheard of either.

[@Steverz32]

2nd😂 & Happy Monday Jason!

[@JasonWalter1]

Good morning Steve!!

[@timeforachange-i3s]

Just took my for sale townhome off the market and it returns to being a rental. I will wait out the four year decline and then sell in about seven years once the gen Z goes crazy and insane to get a home.

[@pedro72246]

@@timeforachange-i3s gen Z lives in vans

[@stevenap4594]

Sounds like you’ve got it figured out 😆

[@joewoodchuck3824]

When is a good time to buy real estate is a common question. The answer has perpetually been "now".

[@LockedUpLarry]

It’s funny, the stark differences between FL and CA. The KZbinrs in one would have you believe the sky is falling. In the other, all is well… no issues here. lol 😆

[@joewoodchuck3824]

It's motive driven. They say whatever is thought to be what viewers want to hear. There's one guy who inexplicably keeps appearing in my feed who is always doom and gloom for example.

[@professorprofessorson8795]

Dominoes starting to fall….

[@samng3859]

so much cheaper to rent right now

[@joewoodchuck3824]

Not where I live.

[@osamawazni1502]

Just say it. They crash is coming

[@CurtisLoew-q7q]

@@osamawazni1502 No. We don’t have the inventory. Jason is just posting data. Revie is a liar. Where is the crash from 2020 that he predicted. Not Jason but Nickie.

[@KimberlyWestbrook]

wait till the arrests come in. Highest levels of fraud since 2008, price fixing cartels, realpage landlords going to jail. Oh baby, it's KrAsHiNg! hard landing incoming.

[@CurtisLoew-q7q]

Current inventory is HALF of normal years of approximately 1.2 million.

[@JasonWalter1]

Correct for existing houses 👍

[@Ja56780]

🍒 ⛏️

[@CurtisLoew-q7q]

@@Ja56780 How so little one?

[@jacinedelarosa6302]

​@@CurtisLoew-q7qDon't mind him. He's too busy making his landlord rich.

[@Ja56780]

@@CurtisLoew-q7q you’ve been called out numerous time for commenting and not even watching what the video actually spoke about. The video spoke about several topics, yet here you are talking about one.

[@davidallen2682]

All this means is that prices are going to the moon. That’s what my Instagram algorithm tells me. I follow a lot of guys named Chad. Rise and grind.

[@Courtney-Alice-Gargani]

I don't think this rise on inventory will really cause prices to decrease. There has to be a lot of foreclosures, high inventory, and high unemployment for prices to correct itself for Pre-Covid prices.

[@JasonWalter1]

Thank you, Courtney for commenting! Certainly not a crash with a ~35% YOY rise. I agree… supply would have to surge and unemployment would have to as well.

[@CurtisLoew-q7q]

Prices will NEVER be at pre-Covid prices. Buy asap. Prices will continue rising until the early 2030s. Don’t be fooled by minimal price drops through the end of year. This is seasonal. -Curtis Loew

[@111sunder]

@@CurtisLoew-q7qrising demand = rising prices. Nothing has broken and demand is flat. If (when) something breaks and the Fed leaves rates untouched in response (they’ll find an excuse) then you will get a better look under the demand hood.

[@amandabrau-v6w]

@@CurtisLoew-q7q😂 prices are dropping a lot in Fl and we have 8 months of inventory!

[@primecash144]

See Austin TX👍 10% down is correction, 20% down is considered a crash. Austin is crashing.

[@mathaiz]

1👍🏽

[@JasonWalter1]

Good morning!

[@MrTopHat4]

Homes always increase in value. Supply and demand doesn't apply to homes. Everyone knows their home is worth more this year than last just like it always is. Nobody is going to sell for less than what their neighbors sold for X amount of years ago. Even if the house sits on the market for 5 years with no buyer interest its still going to be going up in value. Seller sentiment is what sets the housing market, not supply and demand.

[@xekis]

In my area people who bought in 2022 are now underwater. But if they aren't investors lower market value shouldn't matter. I'd take the property tax cut.

[@Kurplode]

Homes are not valued any higher than they have always been since decades ago. The government has been devaluing the US dollar for an entire lifetime. That’s why you see these prices. The dollar has lost ninety nine percent of its value.

[@threemonkeys5441]

@@MrTopHat4 what sets the market value is what the last houses in the neighborhood sold for. As soon as you have a few sellers that need to sell and take a lower price, the price gets reset

[@jacinedelarosa6302]

Still not news. Wake me when the months supply/ burn rate doesnt have a "3" in front of it anymore.

[@Truebaconluver]

Just here to say...no crash coming

[@thomasreynolds1530]

lol keep telling yourself that just because you're over-leveraged after taking out a heloc for your truck

[@Truebaconluver]

@thomasreynolds1530 lol I'm not over leveraged at all no heloc both my houses have crazy equity, one I bought in 2012 so I will never be underwater and the 2nd bought in early 2021 w 2.8 rate so won't be underwater either...I'm safe hun....but again....no crash keep being on the sidelines lol

[@Truebaconluver]

Oh and I hv 2 paid off vehicles I'm living the dream 😊

[@thomasreynolds1530]

@@Truebaconluver then put your money where your mouth is and invest your equity ;)

[@bobroberts2217]

@Truebaconluver Then buy another investment property. If it’s only going up, let’s see you start a KZbin channel where you start buying all of these houses since they’re only going up. You’re not a genius. You just bought the tulip at the pre-bust prices. Congrats.

[@CurtisLoew-q7q]

Prices will continue to rise until the early 2030s. We have under built since 2010. Almost a decade and a half. We are 2-4 million short of new houses. Buy now or rent forever. -Curtis Loew

[@JasonWalter1]

Looking at a chart of housing starts for SFHs, it’s wild to see the underbuilding over the past decade and today’s new homes are tomorrow’s existing homes.

[@jonathantaylor6926]

So no recession for the next 7+ years? Or is housing going to go up during a recession for the fist time ever? All it will take is a 2 or 3% YoY depreciation and you will see banks tighten lending and require much larger down payments to mitigate their risk. Higher lending standards will decimate home sales and all but eliminate first time buyers that have no home equity or savings. Multi-family starts have been strong since 2013 and were extremity strong in 21, 22 and 23.. more multi-family was built over the last several years than in the run up to the GFC.

[@CurtisLoew-q7q]

@@jonathantaylor6926 We talk single family residential homes here. Multi runs on a different cycle with different lending practices. Stop with the but the GFC 😭. A small recession has occurred and prices went up. Now they didn’t officially call the recession. Screenshot. 💥

[@WillV_]

@@jonathantaylor6926🤣🤣🤣

[@thomasreynolds1530]

@@JasonWalter1 The under building occurred because we were "wildly" past necessity in the first place. We still are. The total number of homes in fact out weighs demand, period. They're just not being listed due to new factors from the past few years.