How To Predict Where YOUR Real Estate Market Will Be in 12 Months

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  • Опубликовано: 26 дек 2024

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  • @KenMcElroy
    @KenMcElroy  4 месяца назад +6

    If you find this video valuable, please consider sharing it with someone who could benefit from it.
    Your support helps our channel grow and motivates Ken to keep making videos like these. Thank you!

  • @Susanhartman.
    @Susanhartman. 4 месяца назад +85

    Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.

    • @91ScottieP
      @91ScottieP 4 месяца назад +6

      The housing market poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.

    • @ThomasChai05
      @ThomasChai05 4 месяца назад +5

      I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!

    • @mariaguerrero08
      @mariaguerrero08 4 месяца назад +5

      You are right! I've diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

    • @mikegarvey17
      @mikegarvey17 4 месяца назад +5

      @@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

    • @mariaguerrero08
      @mariaguerrero08 4 месяца назад +4

      *Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @alphabeta8403
    @alphabeta8403 4 месяца назад +27

    8:35 10 years of low housing supply
    13:35 Home ownership rate vs rental rate
    15:00 Predictions

  • @machineheadfan1130
    @machineheadfan1130 Месяц назад

    The graph of the real estate cycle over time @ 14:44 really puts things into perspective

  • @jamesscobba7001
    @jamesscobba7001 4 месяца назад +1

    This, blew my mind. So much good stuff, presented in a way that I could understand. Thank you, again, Ken.

  • @herbie3939
    @herbie3939 2 месяца назад

    Yesssss post more live events please!!!!

  • @kangaroojack7678
    @kangaroojack7678 Месяц назад +1

    Hey man I am from Yakima wa bro

  • @DavidEdkins
    @DavidEdkins 4 месяца назад +5

    Incredible value. Thank you Ken.

  • @Star-u3t1l
    @Star-u3t1l 4 месяца назад +7

    A lot of people under 40 yrs old are moving back in with mom and dad.

  • @RicondaRacing
    @RicondaRacing 4 месяца назад +33

    I just turned 40 and am forced to rent. If you're only on one income it's almost impossible to purchase a house right now.

    • @mrmomo305
      @mrmomo305 4 месяца назад +1

      What state are you in?

    • @natejess-personalfinancetr2861
      @natejess-personalfinancetr2861 4 месяца назад +1

      Househack

    • @RicondaRacing
      @RicondaRacing 4 месяца назад

      @@mrmomo305 Florida.

    • @RicondaRacing
      @RicondaRacing 4 месяца назад

      @@natejess-personalfinancetr2861 I was going to do that but only half the duplex is for sale. I think the guy on the other side is house hacking.

    • @blessed7fold
      @blessed7fold 4 месяца назад +1

      It depends on what your income is.

  • @Savvygal
    @Savvygal 4 месяца назад +1

    We used to live in Richland. Hubby still works at Hanford from home.

  • @FlipHackingRealEstate
    @FlipHackingRealEstate 4 месяца назад +6

    that jacket tho 🔥🔥

  • @Cedartreetechnologies
    @Cedartreetechnologies 4 месяца назад +1

    Golden info. TY!

  • @BusinessMike3
    @BusinessMike3 4 месяца назад +9

    Shout out from Kennewick, WA

  • @AlejandroMartinez-eh8gr
    @AlejandroMartinez-eh8gr 4 месяца назад +3

    Hello Master Ken, nice to meet you. I hope you are doing very well. My best wishes to you. I hope you are having an extraordinary day, Thank you for all the support you always give me

  • @finiteloops8610
    @finiteloops8610 4 месяца назад +2

    Another informative and well illustrated video. Thank you!

  • @maxbusinessprofitssergiode5747
    @maxbusinessprofitssergiode5747 4 месяца назад +1

    Ken, Is this a "National" prediction? I am in Florida and I believe we have peaked and are on the downslide in values. You seem very optimistic to me, myself, having gone thru the last late great unpleasantness of 2010.

  • @yoyomawh4091
    @yoyomawh4091 4 месяца назад

    Thanks Ken ….. really, thanks for turning my head in the right direction

  • @zwatwashdc
    @zwatwashdc 4 месяца назад +6

    One thing that doesn’t make sense to me about the housing shortage. If the shortage was building for 10 years, why were prices stable until the 2020? Just a coincidence that it became government policy to print print print then push cheap mortgage loans like heroin dealers?

    • @ucsbgirlie18
      @ucsbgirlie18 4 месяца назад +2

      People and companies didn't invest in real estate back then. Interest rates were very high for decades, which made it a less attractive investment. People saw homes as homes and not as investments. That started to change in the 2000s.

    • @wmjessemiller
      @wmjessemiller 4 месяца назад

      The production of new homes stopped descreasing supply, low rates, and money printing …

    • @HelloCurve111
      @HelloCurve111 18 дней назад

      Because someone added $5 trillion dollars to the market during covid without people having to work for it.

  • @donttreadonme5003
    @donttreadonme5003 4 месяца назад

    Great charts - thanks for sharing!
    How urgent is it to sell an asset in Seattle?

  • @dhowto3005
    @dhowto3005 4 месяца назад

    Thank you.

  • @dustincaldwell2049
    @dustincaldwell2049 4 месяца назад +1

    100 percent accurate. Nothing is 100% accurate

  • @NutritionPolice
    @NutritionPolice 4 месяца назад +2

    Misleading title... never says how to predict migration to an area

  • @clairekeller4303
    @clairekeller4303 4 месяца назад +1

    Be careful though. A ton of people "moved" to Arizona from Seattle during the pandemic. They're all second homes. Second home markets crash the hardest when everyone loses their jobs.

    • @jasoncrandall
      @jasoncrandall 4 месяца назад

      Why are the 2nd homes?

    • @jamesbowen2258
      @jamesbowen2258 4 месяца назад

      @@jasoncrandall It's not really the case, but he's basically saying that these people aren't actually living there.

  • @jeffersonjohns6397
    @jeffersonjohns6397 4 месяца назад +1

    Many of the red dot areas , in the Northeast, are highly populated with colleges and universities. Upon completing their degrees, of course hundreds of thousands of degree holders will be moving away. Is this information taken into consideration?

    • @cmacblue42
      @cmacblue42 4 месяца назад +1

      And “hundreds of thousands” of new students will arrive, taking their place 😂

  • @johnnyb33good21
    @johnnyb33good21 4 месяца назад +5

    Look up where the jobs are going and look up where the people are moving to and that'll show you where your Market will be

    • @blessed7fold
      @blessed7fold 4 месяца назад

      That will also show you where all the competition is.

    • @clairekeller4303
      @clairekeller4303 4 месяца назад

      Beware of second home markets

    • @landonleon7669
      @landonleon7669 4 месяца назад

      ​@@clairekeller4303 why

    • @NutritionPolice
      @NutritionPolice 4 месяца назад

      Yep, this. The easiest thing to do is look for Billion dollar corporate projects

  • @victoriousgavi7736
    @victoriousgavi7736 4 месяца назад +4

    People don’t really know what happened to Detroit. That’s the problem

    • @michellerahn
      @michellerahn 4 месяца назад +4

      Unions made American cars uncompetitive

    • @_JimmyBeGood
      @_JimmyBeGood 4 месяца назад

      @@michellerahnBingo

    • @_JimmyBeGood
      @_JimmyBeGood 4 месяца назад

      Yes we do. Read what this guy just said. Corrupt unions made American cars uncompetitive throughout the 70s and 80s and Japanese cars took over the market. Detroit was built on American cars. Anyone should have seen it coming.

    • @NutritionPolice
      @NutritionPolice 4 месяца назад

      Simple, white flight. Chicago is next

    • @maxbusinessprofitssergiode5747
      @maxbusinessprofitssergiode5747 4 месяца назад

      @@_JimmyBeGood Unchecked Subsidized (GOV) Low Income Housing

  • @Bruno-sy3zv
    @Bruno-sy3zv 4 месяца назад +2

    If your info and years of experience are so accurate, why are you about to lose one of your apartment complexes along with all your investors money?

  • @rawcircoking
    @rawcircoking 4 месяца назад +1

    Why not just invest into reits? Theirs no overhead and if you're saying real estate is easy to follow because of the lags. Then investing into reits seem more attractive, especially when i might need less equity to start with and no headaches to get things fix. By law, investors get paid up to 90% of the profits.

    • @RicondaRacing
      @RicondaRacing 4 месяца назад +3

      They're not always successful. My father lost money on a REIT in 2023.

    • @JessicaBurrell-gd9kq
      @JessicaBurrell-gd9kq 4 месяца назад +2

      REITs are invested across different types of real estate sub markets- some may do well some may be imploding.

    • @rawcircoking
      @rawcircoking 4 месяца назад

      @RicondaRacing you lose money and you make money. It's part of the game, but I'm sure your father doesn't understand how to properly evaluate volatility accordingly. Most people lose money because they don't understand the real quantitative analysis that goes into building a proper portfolio.. while managing that risk. When you understand how important your portfolio is and if assets are too correlated or not inside the portfolio, not only can you lower your risk while still maintaining high returns. We can also understand the standard deviation within the portfolio!!

    • @SigFigNewton
      @SigFigNewton 4 месяца назад

      @@rawcircokingif REITs drop in price significantly, I’d consider buying ones that don’t include office space

  • @jordyhumby
    @jordyhumby 4 месяца назад +1

    Wow Ken you look sharp! I hope you're really enjoying your successful life! Never covet another mans wealth. Upanishads

  • @Sonofawildanimal
    @Sonofawildanimal 4 месяца назад +4

    THE REAL ESTATE MARKET SMELLS

  • @TerraGlide
    @TerraGlide 4 месяца назад

    I thought he was going to say jobs not people.

  • @dinhhuy.nguyen
    @dinhhuy.nguyen 4 месяца назад

    😀

  • @SamSung-pm5bw
    @SamSung-pm5bw 4 месяца назад +1

    Mass deportation would like a word

  • @morganewoods07
    @morganewoods07 4 месяца назад +1

    If inflation continues to re-accelerate, don't you think they will be forced to increase interest rates? It's not like they have the option to just stand back and watch it increase and hope it comes back down. They indicated they will act not just if it does not re-accelerate but if it does not demonstrate, it is actively on the way down to 2%, so the likelihood of an interest rate hike seems very significant. There's nothing to naturally bring inflation down at this point unless the labor market implodes.......currently I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  • @SaveManWoman
    @SaveManWoman 4 месяца назад +2

    Get out of all real estate, these people will learn that all real estate moves globally and starts with bursts. It bursted badly!

    • @johnnyb33good21
      @johnnyb33good21 4 месяца назад +2

      No way. Housing is an essential human need. Depending on your location and Market it is highly likely your real estate in the next 10 to 30 years is going to be worth more money because of inflation and supply and demand

    • @johnnyb33good21
      @johnnyb33good21 4 месяца назад +2

      No way. Housing is an essential human need. Depending on your location and Market it is highly likely your real estate in the next 10 to 30 years is going to be worth more money because of inflation and supply and demand

    • @SigFigNewton
      @SigFigNewton 4 месяца назад

      @@johnnyb33good21if you happen to live somewhere where populations are still rising for now and they’re not building enough, sure

  • @KidCity1985
    @KidCity1985 4 месяца назад +1

    Ken, you aren't black, what's with that outfit.

  • @morganewoods07
    @morganewoods07 4 месяца назад +1

    Let's be very clear about one thing. The "market" has been massively wrong on what the Fed should do with the funds rate for at least 2.5 years now. In early 2022 before the Fed even started hiking, the market was already forecasting rate cuts to happen by end of 2022. The market at the start of 2024 had 7 rate cuts for 2024. Laughable to suggest the Fed is the one that has been getting this wrong. It has proven out that they were right to start hiking in early 2022, aggressively ramp up that funds rate, and then keep it at the terminal rate until now. Also, the Fed on numerous occasions has stated that a recession will likely occur as a result of this hiking cycle. The market consensus has been no or soft landing, which is another thing they will be massively wrong on...........I've been engaged in active trading and managed to grow a nest egg of around 140k to a decent 539k....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  • @dropoutandretireearly1781
    @dropoutandretireearly1781 4 месяца назад

    WOW !!!! You own 2 BLLION IN ASSETS ???? LOL !!!!! Are you sure ???? or does the bank really own the 2 BILLION IN ASSETS ???? LOL !!!!!