Texas Inventory Explodes 1000% | This is CRAZY
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- Опубликовано: 2 июл 2024
- Texas Inventory Explodes 1000% | This is CRAZY
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A 1-2% price drop is not worth mentioning as homes are still overpriced. We need to see a 30% correction.
@@defyned hold your breath too long and you will stay broke forever like the guy making the video
Try 50% accounting for recent inflation. And it's coming. Party like it's 1929!
Even if the builders drop the prices the state will still appraise it at maximum prices to collect as much in taxes as possible.
@@kahledalbert1210 Huh? I'm NOT holding my breath and I'm broke. I don't understand your connection between breathing and poverty.
@@kahledalbert1210 or we can ignore your over priced trash and just build it ourselves keep passing nimby laws
once we get to 51% renters you landlords are screwed.
anyway I encourage everyone to stop paying rent and not buy property save as much as you can and say no to landlords and over priced rent and property values. let them eat dirt.
I'm glad yall have said the housing market is crashing every week for the last 5+ years.
😂😂😂 so true
Damn. I used to watch your videos sporadically. As of late, I have been watching all of them. I did not know you had those health issues. I see why you are so positive now. Good work. Hoping the universe brings you nothing but great health. Health over money all day. But I really hope it all comes your way. You deserve it.
Had a delivery today to a really nice, semi gated community. Homes are all on 10 acre parcels and they are huge. Today my delivery took me to a street that had 4 moving vans backed up to the front doors, of 4 houses. I asked my customer what’s up and he said that schools out now and families are outa here. Two of them are moving to Minnesota. And the other two are going to California and Colorado. Important thing to note is that he said three of the homes are still listed and haven’t sold. There’s a realty sign for sale on one, that’s been there for a year. I think this is happening all over. Mayflower, U-Haul and Ryder have to wait for dead headed trucks to be delivered to them. No one’s really moving one way and turning their moving trucks in locally, or not enough of them are.
I love this guy he acts like he’s part of your family he really cares about people when I listen to him he sounds like a family member love this guy
You have no idea, dude absolutely goes to work for his audience. Genuinely good person.
@@kangaroojack7678 I can read perfectly fine thanks. My reply is adding to your statement…
He knows his strengths and he knows his limits too, and brings in experts to fill in the gaps.
He’s a good guy
He only cares about clicks. Don’t be a fool.
Praying for you Travis. I hope it’s not too serious. Good luck with the move. Blessings on your family.
Economics 101, when supply exceeds demand, prices fall. I sold my house in Austin area in mid April 2024 and got out alive. I worked like a dog to stage the house and had it looking almost brand new. I knew this type of news was coming…..this trend is just beginning. I’ve seen boom and bust in DFW twice in my lifetime.
What were the years of the two bust cycles you saw in DFW? I've been in DFW since 1987 but never paid any attention to the real estate market until 2020 so I'm having a hard time remembering what anything was doing price wise before then.
We are in Conroe TX, people want 400 thousand for a 100 thousand dollar house... we are not buying in a greed based market. Do they not understand we can look up the original value?!?!
Just south of you in Chappell Hill. Simple ag land that has quadrupled in the last 3 years and the only things left are priced at 5x or more. Can't believe how much actually sold at those prices. Brenham as a whole is looking more like Cypress than round top these days. Happened damn quick too. Two years and the population is at least up by a third. Not sure why they skipped over prarieview and Hempstead but it is what it is.
I've seen some of your previous videos, but this one made me subscribe. Keep up the great work & my prayers are with you in mind. Thank you.
This is good news - my taxes have gone crazy due to home valuations, looking for some relief!
Many, not all the homes being built here in the NW side of Austin are under contract, or sold before completed. A few have languished on the market, but are selling.
We are in the Spicewood area of Travis County. Houses are selling, but not at the hyper inflated pace it was in 2020.
The tech industry was still moving into the area. Tech people with fists of cash from California were flowing in and finding bargains, even though high by Texas standards. We were not of that cohort, being retired. Just following our Daughter and Grandchildren. We are still up 65% over what we paid.
The market will stabilize and hopefully interest rates drop a few points. I’ve financed six homes in my lifetime and have never lost a dime..
We purchased our home in Briarcliff Village January 2019. Our home jumped nearly 100% in value in just two years.
That is simply not sustainable and a correction is certainly a natural course of business when that is the case.
So no, I’m not worried. Stay the course
Hey man love your content been watching for a year. Just wanted you say I’m praying for you and your loved ones 🙏🏽
I not only watch because I find the value of the info you give, but also because you're like a connection to home that I have on RUclips. Born and raised in Houston and moved in 2020. Houston will always be home
Thanks for sharing your perspective 👍
Good health to you and your family. Having a loving family is the ultimate victory.
Best wishes on your hospital visit.. Thank you , for your ongoing reports.
Prayers for you and your family
Blessing Brother... I'll be praying for you.
Good bless you Travis, your family your new house and all your endeavors! Can't wait for your next update, hear about ur good health. God bless.
Hoping all goes well on your medical procedure I have you in my prayers… Thanks for all you do Travis 🙏🙏🤲🤲
Love you brother, youre in my prayers!! keep up the great work!!
Stay strong brother, hope all goes well.
Subscribed within the first minute. Great video.
Thank you brother
🙏🙏🙏Prayers are with you.
Spot on analysis
Good luck getting through the procedure. I am sure you will be fine.
Four of my neighbors here in NW Houston have recently put their houses up for sale. Three bed, two bath with a whole house generator is going for $475k. The lowest is a two bed, one bath with a massive storage shed that is going for $415k.
Good Luck Travis
Great Video!
Your in the right place Houston, has the largest medical center in the world. GOD Bless you & the family .Keep the Faith !!!
Great content
KEEP THE FAITH TRAVIS 🙏🏻
Thank you Brother Travis for what you do ❗️ Someday I would really love to meet you. You Da Man! Thank you Sir, Carlos
I'm glad you made this video, it reminds me of my transformation from a nobody to good home, honest wife, $75k biweekly and a good daughter full of love ❤️
I'm inspired.
Please spill some sugar about the biweekly stuff you mentioned
@@MelodiRavoIt's Christina Ann Tucker doing she's changed my life. A BROKER- like her is what you need.
I raised 75k and Christina Ann Tucker is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Christina A. Tucker is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!
Wow 😱 I know her too
Miss Christina Ann Tucker is a remarkable individual who has brought immense positivity and inspiration into my life.
I started with a miserly $1500. The results have been mind blowing I must say TBH
Prayers with you.
Praying for your health!
Keeping you in my prayers 🙏
I’m disabled and I live day by mf’n day. You made me cry. We gon be alright my friend. 🎉
Del Rio Tx . House prices are ridiculous. There isn't even anything there
Prayers to you my brother
Fist time here , but I really like this guy , keep it going sir .
I got to Texas in 2021.. My town had 13K people.. Now nearly 40K .. I think there are 20K new builds underway right now
What town
Sending prayers to you 🙏
Another great to the point video.
Wishing you good health brother!
Ahhh, someone who's not afraid to tell the truth about the real stats! Subbed
Austin can't maintain current prices on homes until the interest rate comes back down and the economy goes back up
Love your videos!
Good, prices need to come down. I’m a home owner, but I’m very worried about future affordability. I have four kids, and I want them to be able to own a home someday. My oldest is 21, living on his own, and worries he’ll never be able to afford his own home.
I really appreciate your videos and all you share with us. You are in my prayers.
Please look into and consider a whole foods plant based diet. It drastically reduces the occurrence of cancer.
God blessed Texas!
Word is God took his time when he made Texas because he knew it would be special.
Texas isn't supposed to be expensive. Let's fix it
I just sold my house in McKinney, TX this month at what I believe is the top. I am going to wait out the next year or two in a rental in the Hill Country west of Austin.
Cause the market was make believe in the first place. Lol. How is a house that in 2015 was valued at $150k, just 7 years later, with NO upgrades whatsoever, gonna be valued at $280k?!?! People saw other people with money to burn and said uhmm...yeah that's not a 2, uhhhh that's a 5, it's not $200k it's $500k. People from who formerly lived in places like Cali and new York
At one point saw that $500 could get them a mini mansion here in Texas.... Buuuut, there's a reason why most Texans have lived in Texas ALL their lives. We can take the heat, the humidity, the crazy unpredictable weather, it's not like sunny and predictable cool cali. Or seasons of the year New York. They won't last, I knew it. And have been telling people, hold, hold, don't buy. Hold, these people will go back, they're gonna hate it pretty soon. 😂 And the market will go back to normal. Greedy people will end up eating the upgrades and probably, more than likely end up selling at a loss. THAT'S WHEN YOU BUY! I don't feel bad for people selling at a loss, that's what y'all get for being greedy!
Everything you just said put everything back into perspective. I know their was a reason I watched this today. Thanks for being real and being vocal about it!
This is normal, finally the market realized it is time to stop the crazy inflated prices. Prices need to come down 25% at least
Good luck with your surgery. Hope all goes well.
Blessings for your health
Homes are ridiculously high priced native Texans can not afford to buy a home. Many are leaving the state because of this
Who would have thought people won't pay 8000% of the value on a house. Sorry, but your suburban 2 bedroom isn't worth nearly a million, it's barely worth 200k if that.
You should see the ridiculous prices in Brownsville, TX. Space X drove all the prices up. Now tiny little houses with no garages are going for over $250k.
They are building Tiny houses in some areas of Dallas metroplex as well...only those are going for $300K+ very few takers. I suspect mostly corporations looking to rent them out.
I heard Austin is having a mass exodus of Californians going back home.
Love it
sending you well wishes ❤ 🤗
God bless you and your family!! You're great and always coming with facts!!
builder just offered me 4.8 fixed rate near McKinney
For one year
DR Horton offering 2.9% in Rosenberg, Texas WITH 2% DOWN. Brand new $400k 3,000 sqft houses. Absolutely bonkers!
It’s going to drop like crazy. Don’t bite
@@kahledalbert1210 I’m looking at the paperwork and it’s permanent.
What’s the catch? Buyer pay all closing costs?
I will keep you in my prayers. Stay strong, I lost my mom to cancer last October.
Possible price decreases, but after 50%+ appreciation over the past few years - a long way for home prices to get back to affordability. Huge price drops would only bring home prices back to historic norms.
I noticed that, I'm looking around McAllen and I been receiving notifications about price drops for the last 2 weeks.
Gonna take a couple of years for prices to bottom.🎯
yup
PREPARE. The housing market "road to the bottom" is here. Couple years late, but it's finally here😅
I’m in fort worth northwest. 500-1000 new builds in past year.
Bonkers Baby !!!
God bless you and heal you in Jesus name 🙏🙏🙏 I'll be praying for you and your family! God did it for me, He can do it for you. I found all the healing scriptures in the bible and prayed them and wrote them down. I cried out to him and after a few years, I am now living life and enjoying my family again. I pray this for you! I enjoy your channel and learn a lot. So thank you!
Sending prayers.
Bought my first home in San Antonio in 2022 at the top of the market lol.
But it’s cash flowing now so at least there’s that. Also the taxes went down when the property value was reassessed. Either way I’m praying for you. Love your videos, they’re super informative but beyond that I hope you can stick around for your family and loved ones 🙏
How is your equity position?
@@realestatemindset put 20% down, tenants are employed and can easily cover the mortgage. Also long term friends of mine 😎
400k houses need to go back down to 90k like they were 6 years ago... this shit is crazy
Had to move back to South Texas from San Antonio. I’ve got six homes that won’t sell yet alone hard to find people to rent them out to
I live in Round Rock TX. The houses are still very expensive.
I was shocked by this with the video I did on Round Top 2 weeks ago. Is almost like the Heights in Houston.
Yes its true...Californians have been leaving Texas...in particular Austin, Houston and Dallas in droves. I suspect some are going back to Cali but i think many are just moving to other states.
First of all I hope your medical procedure went well.
I have a question. I'm in the Dallas area and with these declines we are still seeing a massive push for higher density in Dallas and some of us are fighting it including "forward Dallas" looking to remove single family housing zoning so why are politicians in Dallas still pushing more higher density knowing this disaster is coming?
Also, I'm going to be attending a city meeting discussing adding 4000 new apartments at the second busiest intersection in Dallas. What are the best arguments we can use against rezoning for higher density?
I've seen those new Lennar homes in San Antonio for that price range and they are very small. Pretty much tiny homes. As far as new homes in Austin. Would they consider condos real estate? I ask because they have built so many in the past couple years and maybe that would affect the market and make people think there are more houses available. I don't know about this stuff so that's why I'm asking.
I hope you have a miraculous recovery and healing
Every house I look at has multiple bidders and goes for MORE than asking price. Reality...!
So long as fiat currency is being printed the price of a home is the least of our problems.
Something that I saw, that I have not seen anyone talk about - and man I wish I could remember where that chart was so I could link to it or describe it so others could see what I am talking about - there was an explosion in cost to build in Texas - specifically DFW - starting in 2017 and going until 2019...what were the causes of that?
The Demic severely overinflated the home prices in Austin. And then there was virtually no inventory. And then the interest rate went to 8%. And then the economy took a big hit. The housing prices in Austin are gonna have to start coming down soon.
Life long North Texan here...Tens of thousands of new homes are coming to North Texas in the next 4 years. When builders are cranking them out it's because there are good profit margins for them. If they flood the market, in 3 years we should see better prices.
Prayers for you my friend!🙏
Praying for you, brother
Inventory exploded yet prices still high with most homes in the $400,000 to $900,000 range. Plenty of people already left, others are considering leaving Texas because its no longer affordable for many. That's going to open even more inventory. I had neighbors that moved to other states in the last 2 years. Some are native Texans, most are transplants that no longer care to live here due to high prices and the HEAT, crowds and sprawling burbs. Most of the "affordable" (houses in the mid to upper$300s) areas are rural about an hour+ away from the DFW metroplex.
Great news, the cracks are forming. Looks like the end of housing debacle starts in the southeast and moves westward over the next year.
yes seems correct
Awesome
Yeah but what you dont hear is that no one is busy this year buolding so thre will br a shortage again. Also homes in central texas doubled in 2020 so we have a loooooooonnnnnngggg way to go
Home values are declining rapidly in Massachusetts and New York.
So are the counties taxing at the decreased value, or the 2021 value.
Does tx reassess values
No they are still raising taxes. Buying a house is a trap. They want the high taxes. They will never lower taxes. This shit is a scam. The American dream, high taxes and insurance on top of your not affordable house that needs work to maintain. Good luck. This life is a scam.
So where is all this 4x inventory coming from?
Bonkers!
Hill country can you give me some info on that Boerne Texas
I don’t see prices falling