NO IT IS too low WAGES THAT IS THE PROBLEM...in 2005 a $350,000 home value over time is $620,000 in 2024.... That is what we are seeing. money is not worth as much now and corporations are taking advantage of people
I like the more neutral tone of this video. I also like that you used the words “correction” and “correct” with regard to prices as it signals that you see prices as being incorrect rather than being touted and normalized as being a new foundation. In the four markets I’m currently watching, pending/contingent (single family) homes only make up between 11% and 14% of all homes, which suggests to me that January’s and February’s numbers are going to slide. I’m pen in hand and eyes wide open. I plan to buy after the selling panic starts, but before the first bounce of buyer frenzy. I just need these rates to stay strong in the sevens for about six months.
Do you have data showing the average age of homebuyers today vs. previous? I'm reading it's at a record high of 56 years old. It would be great to see this trend over time.
In my Opinion, only the price matters. Until prices crash, nothing changes and affordability remains a disaster. I’m in the Midwest and prices are inching down and homes are sitting and sitting. Especially new builds. I’ve seen a lot of houses beyond 250 days on market. Jobs are dying, businesses are closing, people’s credit is maxed out. I’ve seen more restaurants, car dealerships, machine shops, etc close in the last year than I have ever seen. All unreported by the news. The next 12-24 months is going to be ugly.
Home prices are up nearly 40+% in most markets compared to prepandemic. Home prices won't fall that much.... and if they do, we have an economic disaster on our hands with a full blown recession.
New listings are going up/normalizing because of the pent up need to sell for life reasons, but buyers have little choice other that to stay out until prices drop or interest rates come down. When Rump puts all the tariffs on other countries and sparks off more inflation interest rates might actually start rising again. Given that the inflation would be much worse and the first time around we came very close to 8, we might see 12 this time.
"Most buyers can wait, while sellers have to act," - I would disagree there as most buyers are also sellers, and need those proceeds from the sale to buy.
Interest rates cannot come down without the death of demand. It is sthe biggest irony of the 2020s. As long as policy makers prop up demand, rates will remain elevated to appropriately compensate credit investors for inflationary risk amidst a backdrop with strong economic growth tendencies. Only way for rates to come down is to allow the collapse in demand which precipitates it, aka widespread economic downturn.
If you're talking about the sell at top, then rent, then buy again when cheaper, maneuver....very few people have the ability to actually pull off that move. Usually there will be a wife (and maybe kids) who veto the idea. Almost every guy who tried that in the last four years very much regretted it (even though history and marh were on his side, nobody expected the great printing period to happen).
You're doing a fantastic job! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
I appreciate the new charts and different messaging, Mike. 27% inventory and only 4% sales increase YoY 2024 says a lot.
ITS THE PRICE THATS THE PROBLEM
NO IT IS too low WAGES THAT IS THE PROBLEM...in 2005 a $350,000 home value over time is $620,000 in 2024.... That is what we are seeing. money is not worth as much now and corporations are taking advantage of people
I like the more neutral tone of this video. I also like that you used the words “correction” and “correct” with regard to prices as it signals that you see prices as being incorrect rather than being touted and normalized as being a new foundation. In the four markets I’m currently watching, pending/contingent (single family) homes only make up between 11% and 14% of all homes, which suggests to me that January’s and February’s numbers are going to slide. I’m pen in hand and eyes wide open. I plan to buy after the selling panic starts, but before the first bounce of buyer frenzy. I just need these rates to stay strong in the sevens for about six months.
prices decline over years, not months. especially not from january to july.
@ Are you saying that at the end of every year, they adjust prices down, and then not again until the next year? Such an absurd assertion. 🙄
@@tradewisetv2801 i'm saying the panic selling won't happen in six months
@@tradewisetv2801 no, i'm saying that prices always go up in the summer. expecting to buy a crash this summer is delusional.
10:55 will correct down when lower priced homes transact
Thank you for this Mike. I love your reports. Happy New Year!
You are so good at explaining data in terms that the average person can understand!
Do you have data showing the average age of homebuyers today vs. previous? I'm reading it's at a record high of 56 years old. It would be great to see this trend over time.
I saw that 56 years age as well, and I just read the average age of first-time homebuyers is 38.
In my Opinion, only the price matters. Until prices crash, nothing changes and affordability remains a disaster. I’m in the Midwest and prices are inching down and homes are sitting and sitting. Especially new builds. I’ve seen a lot of houses beyond 250 days on market. Jobs are dying, businesses are closing, people’s credit is maxed out. I’ve seen more restaurants, car dealerships, machine shops, etc close in the last year than I have ever seen. All unreported by the news. The next 12-24 months is going to be ugly.
11:53 27% more homes 4% more sales. Buyer demand has tanked and will continue if prrices don't go further down
in Colorado the shortage felt more like a lack of buyers ... but a lot of inventory finally sold near the end of the year
The fastest path to affordability is prices falling.
Home prices are up nearly 40+% in most markets compared to prepandemic. Home prices won't fall that much.... and if they do, we have an economic disaster on our hands with a full blown recession.
@user-yb6yq7fz1d same as 2007.
Same as 2007...
New listings are going up/normalizing because of the pent up need to sell for life reasons, but buyers have little choice other that to stay out until prices drop or interest rates come down. When Rump puts all the tariffs on other countries and sparks off more inflation interest rates might actually start rising again. Given that the inflation would be much worse and the first time around we came very close to 8, we might see 12 this time.
Sounds like a possibility…but President Musk may not allow the tariffs…so inflation will remain flat?
"Most buyers can wait, while sellers have to act," - I would disagree there as most buyers are also sellers, and need those proceeds from the sale to buy.
Interest rates cannot come down without the death of demand. It is sthe biggest irony of the 2020s. As long as policy makers prop up demand, rates will remain elevated to appropriately compensate credit investors for inflationary risk amidst a backdrop with strong economic growth tendencies. Only way for rates to come down is to allow the collapse in demand which precipitates it, aka widespread economic downturn.
If new listings normalize but we have another year of dismal demand, is that a sign that home owners are cashing out and renting?
If you're talking about the sell at top, then rent, then buy again when cheaper, maneuver....very few people have the ability to actually pull off that move. Usually there will be a wife (and maybe kids) who veto the idea. Almost every guy who tried that in the last four years very much regretted it (even though history and marh were on his side, nobody expected the great printing period to happen).
You're doing a fantastic job! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
The fed will have to lower rates. We have a national debt that is depending on it. The fed is saying one thing and will have to do another.
😂
Ever notice Real Estate people always say the solution to affordability is lower Morgan's race rather than lower prices?😊😊
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
look up her name on the web for her website.