The 2024 Housing Market: Your Suspicions Confirmed!
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- Опубликовано: 1 июн 2024
- Are you curious about the state of the housing market in 2024? Look no further! In this insightful video, we delve deep into the current trends and confirm some of the suspicions you might have had about the housing market. From fluctuating prices to evolving buyer preferences, we analyze the factors shaping the real estate landscape this year.
Join us as we break down the latest data, expert opinions, and insider insights to give you a comprehensive understanding of what's happening in the housing market right now. Whether you're a prospective homebuyer, seller, or simply interested in the dynamics of real estate, this video is a must-watch.
Stay informed, stay ahead of the curve, and make smarter decisions in this ever-changing market. Hit play now and get the confirmation you've been seeking about the 2024 housing market! Don't forget to like, share, and subscribe for more valuable updates on real estate trends and insights.
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Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870
🟢 Start Here! - www.HomeGuideMyrtleBeach.com
Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research or provide legal, investment, or financial advice. For legal advice, consult a lawyer.
Please lose the music
1000% agreed
Yeah so annoying 🙄
Agree
I’m okay with background music but it needs to be quieter… more in the background.
yup
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
The jobs "added" were people having to take 2nd & 3rd jobs to afford the inflation prices plaguing us.
Instead of 2nd job suggest they quit and undercut landlords
trying to afford the unjust increase in property taxes without any benefits or gains, just because your value went up... like if i can do anything with or control the value of my house.
@@Koushi82 What does "undercut landlords" mean, exactly?
@@joevarga5982 He's saying people should not get a second job, but instead they should not pay their rent
@@888strummer That's what it sounds like, but I'd like to hear it from the thief himself.
Thanks for being truthful. I’m done with the crash idiots
Keep whistling by the graveyard.
The problem with job data is that it does not break down wage levels. The vast majority of new jobs are for those making at or near $15/hour and also include part-time employment. Jobs paying $70K+ are on the decrease. And for those making $70K plus have raises well below the rate of inflation, which is being greatly underestimated. Just go back and compare to how they used to calculate inflation during the Carter years. You will see that inflation is well above the currently quoted 3%.
Cape Coral has a 5 year supply of condos on the market. I'm in SW FL and getting ready to move out of state as soon as I can. The cost of living in SW FL has retirees leaving in droves !
Same! Hope in the next 2 years to be out of here!
What are the choices for the retirees? South Carolina? The country is collapsing thanks to the Great Reset that seeks to impoverish the country and take control of the energy and food production industries
@@dovygoodguy1296 What are you talking about? Desantis will rid all of the wokeness and that will fix all yer problems!!!
Fleeing to where?
Lose the music and fix the volume level. That sound effect at the end was WAY too loud. Good content though!
Inflation by design reserve ratio is 0% infinite hyperinflation activated
JERRY , VOLUME VERY LOW...
The main reason new construction is seeing a bump higher is that so few existing homes are being put up for sale, so buyers have no choice but to look into purchasing a new home
I'm saving cash waiting on a deal.
People have been saying that for 4 years, it's cost you a lot of money
@@johnspelman8976 How do you see that? I live in a 3000sft cape cod that's mortgage free. My grown kids live for free in my rentals. The stock market did great this week and I didn't have to deal with trying to collect rent. I didn't have to listen to a tenants problems. I didn't have to clean up after tenants, their children, or their pets. Even cash in a high yield savings account is earning 5%. My FBGKX is up 41%!!!
The time to buy real estate is when nobody wants it. I remember the years of the bubble before the 07-08 crash that didn't even bottom until 2012.
I'm seeing the same things I saw before the housing crash. My best friend couldn't pay his bills last year. He went back to the bank and they gave him another $75k. He took a vacation and remodeled that bathroom. He still dines out twice a day.
When the $75k is gone and the credit cards are maxed out again, will the bank give him a 3rd mortgage?
A few weeks ago, our paycheck were a couple of hours late hitting our bank accounts. Half of my coworkers stopped working because they didn't have the money to Doordash food to eat for lunch. You would think broke people would take a PBJ sandwich and try to save money.
It's feels like 2006. I'm completely debt free including no mortgage but I don't live as high of a lifestyle as people I know who are paying mortgages, rent, raising children, paying child support, have car payments, credit card debt, and back taxes from 401k withdrawals.
This crap is unsustainable!! I have people call me and ask me what to do. I tell them to cut back on their lifestyle. They quickly hangup.
@@johnspelman8976 Fomo just like before the 07-08 crash!
@@anniealexander96162008 was all time low interest rates. They’re not doing conforming loans these days. There wasn’t the amount of cash floating around like today. My 2.50 interest isn’t going anywhere, I’ll turn that into a rental if I ever buy another home
@@johnspelman8976keep whistling by the graveyard. The scumbag flippers and investors have can only play hot potato with each other for so long. Most of them looks like they are already on plan B and plan C
Consider these 2 factors:
1)Mortgage rates will decline in 2024 when the Fed finally starts reducing rates. More buyers will be able to afford a mortgage at 5% compared to 8% for example.
2)The supply of houses is low ...almost half of pre-pandemic levels. The price of houses did not decrease substantially even when mortgage rates increased.
Demand exceeds Supply = high prices until supply increases substantially.
There are big differences in regions. I've been told by a local realtor in Illinois that it will be a sellers market until June when things will slow down in the summer. I don’t expect the home market to crash since this is an election year.
Great info but the music was distracting.
I live in Everett, Wash. State, there are 10 new homes going up about 3 miles from our home. At the end of an established housing area, up against some green belt.
So trees came down, lots are on a slant. Two story, 2200 sq ft. 2 car garage, ( I forgot to check elect. or gas heat since Wash. is trying to kill off any new gas heated
buildings ) no front yard to speak of, postage stamp back yard, and ave. cost of $950,000. Oh yes, homes are about 10' apart from each other. Your new neighbor has
dogs and kids, sorry for you. What young family even with both working can start out with a million dollar home.?
I found my hidden gem thanks to Jerry and his incredible team!😊
Houses here (OR) are sitting on the market longer, prices have sagged, sellers are offering perks, sellers are listing below their competition. Housing market crashes take time. Our governor is on a home building binge which will further flood the market. Prices will drop more over the next 2 years.
It's the opposite in S. Fla.
What’s your thoughts on Little River area?
Interest rates are not high. Interest rates are still historically low at 6 -7%
Even SW Florida where the inventory is way up, the prices are holding up
They are increasing in my area, Brevard Central FL as well.. Even my house has more than doubled in value. New houses, apt complexes, condos going up every day (not infrastructure tho). 10+ houses built on my block alone. Bought this house because it was surrounded by woods, loved it...not anymore :(
@@zsigzsagI recently sold my home in Punta Gorda at a big loss, as no longer can afford to live here !
@@comradeyuri8492 That's exactly what is happening in Florida right now. Prices are dropping and this guy is a FOMO master.
@@comradeyuri8492 how long were you there. Sorry about that
Yeah I'm in Broward. The prices are steady and people keep coming...
Another good, informative video. Thanks, Jerry!
Election in November, so the administration will do everything they can to keep the economy as stable as possible. No big change this year until 2025.
Jerry, love your videos. The background music is distracting and annoying.
Great info Jerry 👍
Very good housing market analysis.
In Florida the inventory is exploding and the pool of buyers gets smaller with every mortgage rate / insurance / condo fee / HOA cost increase. A prospective buyer must now have over $100K income for a average home. Everyone who was going to cash out from higher income states and move here has already done so. Rent vs buy for a single family home is $2K vs $3.2K or possibly more depending on INS etc. So why buy a home now when it very well could be worth less next year?
Keep making these videos!
Great assessment. As a "younger Boomer" I'm hanging on to my paid-off, small house as long as possible because there is, literally, nowhere else to go that can afford me the way of life I want to continue to live, not being wealthy or even upper middle class. Selling and moving down into a tiny condo would be giving up what I worked hard to attain. Though I would of course be living cheaper, sometimes quality of life has to be the priority. I feel for those who can't even get to Square One for owning their own home, even that small condo. I bought my home when the housing bubble of the late 80s-early 90s burst, and there were bank-foreclosed homes everywhere for sub-market prices. Don't know if that will ever happen again.
Adding: when interest rates were super low, people had to bid against rental corporations. So much so, that HOAs had to update bylaws stating that buyers had to live there at least 1 year.
Question for Mr. Pinkas - lots of ads right now in Wash. from men and women saying they will buy your home, in any condition for CASH. Just walk away. What
kind of group is doing this and what is their end plan? I think they are after the property and not so much the home.
Who owns these companies? Where do they and their families live?
In SW Florida lots of price cuts
Yes and 7-8 months worth on inventory!
The Ponzi scheme is almost out of gas
Yeah all do to Tomatoes Flooding and Alligators 😮
Very interested to war h this video and also if you can make a video about interest rates it will be super helpful.
People need to start driving the speculators out of the market.
I don't think anything will change until after the election this year.
When corporations and investment firms have brought up whole communities of single family homes they have contributed to less homes on the market at reasonable costs. We need to stop them from buying up homes.
Supply and demand. The housing prices indicate where our currency is going.
Right but when investment companies and corporations take a whole community off the market that squeezes supply while demand goes higher. Then they put them on the market overinflated price wise and drives prices even higher
@@darrelljackson5106 inflation feeds the rich, so our corporate government will never stop their own money train.
You're right about that but it's not corporate government it's private corporations and investment companies that are doing this and they don't want to stop their greed for money off the backs of middle class that want to own their own home
@@darrelljackson5106 The percentage of the housing inventory owned by investment firms is fairly small.
Buying a home in most markets is competitive. In many markets a great deal of the new housing being built are rentals, whether the properties are apartments, condominiums or free-standing homes.
The trend shows the builders and financial groups where the demand is and for what type of product in a given market. As was already stated prices are largely a result of supply and demand.
It is never easy buying a home.
Biden’s America
Don’t also not forget, Our government is telling us we’re not in a recession …😂 ….Let’s go Brandon!
Nothing is going to get any better till we get the Dems out of the White House.
Different sides of the same coin using us for their own personal gain.
I found my hidden gem thanks to Jerry and his incredible team!!
Please describe the policies the gop will use to help you.
Stop being a 🦜.
Generally houses in Red states continue to rise in price. Houses in Blue states keep going down in price. Red good, Blue bad...
Not going to crash
Keep whistling by the graveyard
Nothing new.
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market. My coach has helped me expand my portfolio by 200% over the past few months.
The decision on when to pick an Adviser is a very personal one. I take guidance from “JENNIFER LEIGH HICKMAN” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
A big crash coming to the Florida!
Not..
Oh yeah lose the music