The Housing Bubble is Starting to CRACK

Homes sales are down, sellers are reducing prices, foreclosures are rising. Is the housing bubble now cracking? Experts are saying it's headed in that direction.
CHECK OUT THESE PAST LIVESTREAMS:
The Housing Market is Going Back to the 1970"s ➡️ kzbin.info...
76% OF AMERICANS SAY IT'S THE WORST TIME TO BUY A HOUSE ➡️ kzbin.info...
THE HOUSING AFFORDABILITY CRISIS CONTINUES ➡️ kzbin.info...
AFFORDING A HOME IS NEAR IMPOSSIBLE ➡️ kzbin.info...
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Jacqueline "Jackie" Baker
NJ License 1541448
Coldwell Banker Realty
Allendale/Saddle River
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#realestate #jackiebakerrealtor #jackiebakersellsnj #homebuyingtips #homesellingtips #realestateinvesting

[@t.a.5659]

Zero down is renting from the bank. 20% down is renting from the bank with the risk of losing your down payment in a downturn.

[@RhysHuntoffice]

I moved from Tampa to Florida a few months ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.

[@ronniewilliams-g222]

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

[@RichardGeorge-uj9iu]

well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs. I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year

[@AdamWright8fool]

I’m an art collector, this is not very new to me but has a nuance to it. Can you assist me?

[@RichardGeorge-uj9iu]

There are many advisors to choose from. But I work with 'Leah Foster Alderman' and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with

[@RhysHuntoffice]

Thanks for the recommendation, I just googled her and I'm really impressed with her credentials, I reached out to her since I need all the assistance I can get.

[@ErnieBert-eg8kd]

Prices weren’t crashing in 06 or 07 either but they were falling off a cliff by 08,09

[@tonivida9649]

Such CLICK BAIT. I find that most of these “real estate KZbinrs” are doing this. The North East housing market is holding strong and is far from collapsing…

[@ErnieBert-eg8kd]

Crash bros are a cult and will watch any videos with bubble or crash

[@chiaroscuro3223]

I agree. The title of this video is about how the market is crashing and the video is all about how the conditions are still bad for buyers.

[@lazaroisern8032]

She's becoming famous for false analysis. What a waist of time.

[@JustMeAloha]

80/20 loans have not stopped

[@Ja56780]

Florida in general will go down 20-30 percent. Thanks to the large influx from the northeast during COVID we saw those people pay way over asking (50k-120k over) and waiving inspections increasing homes in Florida. The same can be said for Californians who moved to Texas and other states west of it. The large migration to other states has ended and we aren’t seeing any movement in the housing market. I don’t feel bad for those who overpaid for homes in Florida or Texas and will be upside down. Prices will come down, the majority of locals who have lived here all their lives cannot afford to even qualify for a loan.

[@Ooops1984]

Look back at 2007-2008... home prices trickled down for 3 years (2011) before the bottom. its now 2024, so same thing will happen again. 2026-2027 will be the bottom..homes will be 25% less in 2027 than they are today

[@DatGuy-dc1ws]

Still high

[@sekaieikou1894]

This is happening in pockets of the SF Bay Area. Overall the overly inflated houses are coming down or just not selling and on the market for months. I feel badly for some buyers who bought in 2022 (at the height) and are now trying to sell at a loss. My neighborhood was never super inflated so houses still sell for over asking price.

[@karenjensen2345]

Just the coast in Florida is a problem. We moved to Ocala 6 years ago from MN paid cash, 💰 it is affordable INLAND that is the key, Ocala is booming. We don't get the hurricane damage at all.

[@idkmybffjill9682]

13:29 how is it awful they got 20% of a house free and it went up in value a crap ton? They bought for nothing out of pocket too

[@eduardocorrea530]

Lower interest rates will still not account for elevated (bloated) house values. In some areas, home values have more than doubled IN THE LAST 4 YEARS! Incomes have NOT risen by much. Look at almost every region and price to income ratios are way too high. Add to this higher taxes, higher insurance rates, higher fixing/remodeling costs. The question is, WHO is going to be able to buy/afford these expensive houses?!?!? Just like the last crash, the home values were rising like crazy, until they were not. All the realtors were jumping for joy selling overexpensive homes with no thought about the issue of unsustainability. When the time to adjust arrives, those areas that had gradual realistic rising home values will do better than areas like Florida where houses more than doubled due to Covid.

[@kathrynmiele]

Thank god we have Prop 13 in CA. Comes in handy for people who bought years ago.

[@Cyrus992]

Which causes housing to be less unaffordable

[@marisamarino7596]

I’m hoping prices come down in the fall/winter

[@dzl8596]

@@marisamarino7596 Don’t hold your breath.

[@selfhigher7677]

Property Taxes and Insurance keep increasing significantly that is also impacting the ability to pay the monthly PITI. Mortgage payment stays the same but most large Banks are allowed to escrow 3 additional months in PITI. This alone will increase monthly payments by a lot $300-$500 or more. This does not apply to everyone.

[@romonaeggenberger6380]

The Lawyers were the only ones that made money on the NAR lawsuit, agents and buyers got the short end of the stick.

[@cosmic4208]

A .5 drop in mortgage rates isn’t bringing buyers back

[@warrenlucier5796]

Florida has a homestead exemption that can be applied for after residing in the dwelling for a year and another one after turning 65. These exemptions are transferable from1st home to the 2nd home also (after 2 years). The problem in Florida and probably most states is the hosing market prices are now high and so will be the tax assessment.

[@gingerjones111]

I believe the new NAR rules will just create more FSBO and off market sales outside the agent system. I predict more agents will quit due to the increased off-market industry.

[@ntmanwaring]

If the seller is offering a higher compensation to the buyer´s broker, and the written-buyer-broker agreement states a lower percentage, the amount in the buyer-broker agreement prevails. Again, even if it´s lower than the amount offered by the seller.

[@tritonh5683]

Insurance premium is playing a huge part right now. 2x 3x 4x increase compare to 2023. Auto, home, health

[@ByDesign333]

Locusts/Cicidads are singing their high-winding trill in N. N.J. on a night like this, right...deafening as I recall in Paramus, Bergen County!

[@TheZooman22]

The latest news from the Fed seems to have them cutting rates in September, kind of sort of maybe. Then it's off to the races for housing prices again...with no real correction.

[@THOMMGB]

Jackie, Thank you for your advice and knowledge. I appreciate your time, Thomas

[@theofficialblackdirectory]

Not many comments. I wonder why.

[@karenjensen2345]

What about move in ready new homes? There is a ton of them in the MPLS suburbs!!!!

[@cindyonyoutube]

I always appreciate your analysis, Jackie!

[@GeorgeMiller-v5u]

@@cindyonyoutube hey 🌹

[@theresagiannette]

Thank you Jackie. I watched you today on Jen’s channel.

[@JackieBaker]

Thank you! Glad you were able to join us!

[@MissBellaboo702]

Love you girls thank you so much for posting. It was very informative and helpful.

[@JackieBaker]

Thank you for watching!

[@cosmic4208]

We are so Cooked lmfao

[@KatO6438]

QUESTION- We are moving to New Jersey next week (South - Ocean County). From what I’ve been reading it seems as though the real estate market in NJ is doing well. Homes are still selling over asking.

[@Cyrus992]

Low inventory

[@tdmcaptain5556]

@@Cyrus992 Stop smoking crack. As of today, There are currently 28,239 homes for sale in New Jersey. If you are leaving paycheck to paycheck, or your income has not DOUBLE in the last 4 years then stand down, continue to rent. The last bubble 2008, and you think it can continue withstand. A total of almost 700k layoff since 2023. A 1 Trillion Commercial Real State loan is due on 2025. Business closing down left and right nationwide. Walmart 22 stores, Bed Bath and Beyond 896, Wallgreens 150, Donkin Donuts 450, GAP 220, CVS 900, 99 cents only 371, Best Buy 20-30. @Kat, it seems you DON't Understand what it means to buy a house at the peak. National Debt is 34 Trillion, ask around what's happening about property tax? it is going up 2x, 3x depending on area. Home insurance same. On another note: credit card, and home mortgage defaults are almost 30%. 3 of 10 CC can't even make minimum payment.

[@ErnieBert-eg8kd]

That is the entire north east.

[@chuchiyang7031]

I hope the feds keep raising interest rates. ❤

[@susanneschmidt6159]

I'm in Monmouth county . planning to sell my house early next year. Paid off mtg. Want to downsize. .....is correction expected to hit as badly here...

[@JackieBaker]

No one can predict where housing prices will end up.

[@followchristwithme37]

I'm hoping prices go down significantly but if housing value went up more than 100% since after 2008 crash then a foreseeable drop in housing value of 50% or less is not really a crash. The housing value are inflated so we pay more taxes, possibly to fund wars or to go in the deep pockets of greedy people. Housing value, gas prices, commodity prices etc. are inflated and the fluctuations in stock market are dictated by the elites who capitalize on events that will give them the opportunity to gain more money and resources. Matthew 6:24 New International Version 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. Matthew 6:19-21 New International Version Treasures in Heaven 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.

[@maagu4779]

Too early to tell. No way to generalize, tax base for homeowners is a start.

[@hakankinnunen3270]

Jag är så tacksam över att jag köpte hus 2004 en bra bit utanför en större stad i norra Sverige.

[@Ebotoman79]

Love your new haircut Jackie! 👏🏾👍🏾🔥🤙🏾

[@TheZooman22]

I expected the Case Schiller Index to get back to trend as the fed increased interest rates, but that hasn’t happened. The last time rates were this high , the market corrected. Now it doesn’t seem to be happening. Now it’s just a question of time, in terms of what breaks first the consumer, the economy , or housing market.

[@ErnieBert-eg8kd]

What year was that? Rates have not been this high since 2002 and prices were surging.

[@chiaroscuro3223]

It's because the stock market is booming and job losses are not that bad (yet).

[@wandasilver3914]

I could be wrong but I think home prices and rents will be way down in 2025. ! We relocated to the Midwest for cheaper rent because you can't afford basic things in this economy. My husband been a remote worker the last 4 years. We were in Dallas Texas area. We have been apartment renters. If I was to buy a house, honestly it would take a lot for us to relocate to another city. Hopefully people relocating and buying homes will slow down in 2025. You can only relocate 2 to 3 times in ten years ! Hopefully these people buying homes are real home owners and not investors. I honestly think most of the housing crisis right now is being caused by investors.

[@rangers09891994]

1 wife 1 child 2 bedrooms 1200 sq ft. Good enough.

[@joebaseball100]

The FED... not the FED's

[@JackieBaker]

ok

[@joebaseball100]

Also, my wife and I are fans of the show. Keep up the good work!

[@dean827]

Lol. Good luck with your bubble. I would suggest anyone to buy now and not listen to joe smo bubble whistleblowers. What happened in 2008 will not repeat in this on next gen. We are in a rates and demographics cycle, see what happened in 1977-1986 to get an idea.

[@colinf.1198]

Oregon its pronounced OREE-GUN

[@rebeccastratton8718]

Question- what type of home loan / how high can ur mortgage be- can you get if ur debt to income ratios are in the resonable amounts? Or does that all depend on ur credit?? In ohio!! They seem to be “crashing”

[@emms443]

I've seen up to 50% dti allowed.

[@ErnieBert-eg8kd]

You shouldn’t be buying if you have a bunch of debt. Home maintenance is very expensive and most people don’t factor that in

[@dzl8596]

There is no bubble. Nobody HAS to sell their home. Prices are where they are and they’re not going down. Building more homes and apartment buildings now is the only thing that will help.

[@Cyrus992]

When you have Wall Street and Federal Reserve manipulating the system, not easy to see there isn’t a bubble

[@DaveDDD]

@@dzl8596 there absolutely is a bubble. Any major disturbance in the economy is going to force people to sell. However, unlike 2008, the cause of the next financial crisis isn’t going to be homes, but they will be affected for sure.

[@ErnieBert-eg8kd]

@@DaveDDD26/28 recessions/depressions housing stayed the same or went up.

[@1powerequalsgod]

Buying a home now means in less then 15 year your losing most of that built up equity related to more home owners done having children raised age 18 putting those homes back on to the market? Where are all the next generation of heterosexual couples coming from to become homeowners an why would they take on 30 year mortgages when the following next generations a likely will be far far less is size demanding more housing space? No answers? The room is silent as a ghost. We need to ban 30 year mortgage because they don’t make good business sense an neither do higher home sale prices. The sooner there is an end to 30 year mortgages the sooner home prices would fall to reasonable levels to have more people take out 15 mortgages a never again over pay for housing an not overstay.

[@ErnieBert-eg8kd]

Just because you can’t afford it doesn’t mean it’s overpriced. It just means it is overpriced for you.

[@In-Gall_Tegidda_n_Tesemt]

Man Jackie be looking fine everyday!! Woah, I love her hair! Dang!! 🌹 🌹 🌹 Her beauty is so distracting!! Brunettes with blue eyes are something!!

[@omniexistus]

@@In-Gall_Tegidda_n_Tesemt You are one thirsty fella

[@In-Gall_Tegidda_n_Tesemt]

@@omniexistus Jackie fine... I said what I said...

[@mikimikemike1]

your on target , cant afford price of homes.

[@GUITARTIME2024]

Dramatic thumbnail 🤣

[@marinawong9662]

AI generated pictures can look funny

[@brandonb5818]

Housing isn't ever coming down. You are delusional.

[@rjobrien7805]

The cost to carry including taxes are NOT going down either. lol

[@ErnieBert-eg8kd]

We are shifting to a renter nation. Less natural born Americans getting married and having kids, high divorce rates, poor illegals moving in. By 2040 60-70% of the population will be renting.

[@horrorfan6710]

Are you serious over a hour long video, I like your video's but anything over 20mins is too long come on now. You need to work on this.

[@JackieBaker]

Livestreams are always an hour. Have a lot to talk about! 😬

[@janegrey9]

It’s perfect as an hour

[@JackieBaker]

@@janegrey9 Thank you!

[@jrahn66]

No, Jackie doesn’t need to work on the time frame-You can break it down and watch it 20 minutes at a time.