Housing Market FLASH CRASH MAP 2024
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- Опубликовано: 8 сен 2024
- Housing Market FLASH CRASH MAP 2024
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Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
In 96 my mother worked for $11 an hour 50 hours a week and was able to get a 48k mortgage on a 1600sqf home from saving $200 a month for 2 years.
Now I make $21 an hour 55 hour work weeks and... I live paycheck to paycheck in Lowe income government assistant housing because renting anything else would eat 2/3 my paycheck. I'll never afford to buy a house
I was a stay at Home disabled dad with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Mary Callahan Erdoes. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000. If I can do this in a year, you can do better.
@@GarryTilman
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Mary Callahan Erdoes. I am at $128k right now and LOVING that you have to bring this up here.
@@GarryTilmanHow can i reach this Mary Callahan Erdoes, if you don't mind me asking?
@@KimJimCastroWell her name is 'MARY CALLAHAN ERDOES SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Mary Callahan Erdoes Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's😊
10% reduction is not enough when homes are 40% overpriced.
I agree. Maybe if foreclosures spike we may see 50% price reductions.
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
Oh really? Tell me more! Always interested in hearing stories of successes.
This is what Ana Graciela Blackwelder does, she has changed my life.
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Ana Graciela Blackwelder, and I have also had success...
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Ana Graciela Blackwelder.
Thank you. One thing I love about your channel and others is that you introduce me to new and independent guests who really empower.
Great work Travis. I have to be honest, I don’t think it matters anymore whether you call it a crash or a correction. It becomes a Symantec argument like asking if you have been hit by a tidal surge or a tsunami- what does that matter to the people going underwater? To me the key indicator is sales data. Price is irrelevant if people aren’t buying, and 56000 are pulling out of pending indicates that the few not on the sidelines are having second thoughts. It’s cause and effect, no matter what the cause (mortgage rates / unemployment / inventory / affordability / insurance / price / etc.), the effect is that less and less are buying and waking up to reality.
I get the feeling that no matter what, you will be able to look yourself in the mirror and say that you helped and be proud of your efforts to educate at this time. I wonder if all the influencers saying that this is still a good time will be able to do the same?
Keep up the good work brother.
Homes are taking longer to sell in every market. However, home prices aren't really dropping in a lot of areas. The greed is still very high!
It might be stupidity but it’s not greed.
It’s greedy to expect someone to sell their property for less than they currently want to accept.
Lol people cant afford to be upside down in their mortgage after selling and lose $50k + realtors fees
I had a 6 percent mortgage rate in 2005 on a 200k home paying 1700 mortgage. It the price of homes that are overpriced. Not the interest rate
I think sellers are unrealistic in their asking price because homes have been at least 30% overvalued.
@dakotaslt232001 eh idk. Actual inflation is somewhere around 60% in the past 4 years, so they're probably on par with how much home prices have actually gone up if you compare with food or energy. The only thing making them unrealistic is the severely lagging salaries
A 5 minute lecture on the term correction. I’m glad you chimed in.
Lance dancing with one rental & real estate mindset 😂
Maine still has high prices but nothing north of the western shore are not selling. Lots of empty homes around and tall grass. Still have people coming in from NY and Mass. They will last a year if we have a bad winter.
So.. he doesn't think the housing market prices will crash?
No crash ever
he thinks that home prices will “correct”
@tobyk5149 so, 5%?
Thanks Travis and Lance.
Sorry had to leave the Discord, brother. Too many toxic egos using the platform to put others down.
Hose_Packer clown and all her alternate usernames are in there also?
Travis!! You are absolutely KILLING IT!!!!!! So much light on RE. Keep these awesome interviews rollin!!!!
Fraud, corruption, etc. Has anything been done?
Second visit to the site.
Good stuff!
ABSOLUTELY BONKERS Travis😊
100% BONKERS!
All the money the feds printed. Kept kicking the can down the road. All of it will crash at some point.
soon enough
The word “Correction” does not provoke such vitreol as the word “Crash”. Sheeple get so emotional about their perceived paper equity that all common sense vanishes but many can live with “correction”. I agree with Lance attempt to define and differentiate between the two words and yes the housing market correction has begun in much of the Sun Belt and likely will end up crashing gradually, then all at once.
Now its a "correction" 😂😂😂😂😂 you're all over the place
Prices need to fall to 2008. This was the start of your inflated price
I agree with the correction vs. Crash analysis. Although... CorrectionBro just doesn't have the same ring to it.
lol CRASH incoming whether Lance likes it or not
🎉🎉🎉 Hi 👋🏼 Travis
I’m not really sure how I feel about your guest today. Seems like he’s using too many words to get to the point. I always appreciate different points of views but I’d rather just hear from you with your own thoughts and information.
Thank you Brother 🙏
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Wouldnt a 10% correction in home prices benefit homeowners through lower property taxes or will the CADs ignore that and continue to raise appraisals?
How do you suppose that all of the off market transactions affect these distressed numbers? There are nearly more wholesalers than realtors. More creative financing investors doing subject to and seller financing transactions. I’d go as far to say that 25% or more transactions are happening off market
"Flash Crash"😂😂😂Maybe you two should consider going in to the drag queen story time business. . . .
Great report!
Can someone answer this question:
Thank you for the work you are doing. Not to get off topic and excuse my ignorance but could someone clue me in on interest rates. Everyone is clamering that knuckle head JP hinted that he will or might be lowering interest rates in Sept. (Just like as he's hinted for the last three quarters). If he lowers the interest rates won't that drive or spur the housing market so people will buy and keep prices the same or drive them higher? 😢
Or will it drive the prices lower?
@@tobyk5149 I know, that's my conundrum because I have to get the hell away from where I'm living now and was looking at TX towards the new year. New year new beginnings, and TX is veteran friendly, but the way things are going now I'm fck'd either way.
Housing prices will go up unless unemployment rises
@@WillV_ the prices already dropping in the Sun Belt and unemployment will rise soon enough plus many investors will sell the homes because can get 5% interest risk free now
Higher
I love your channel and am a long time viewer.
I am in the process of buying a home and came across a statement in the purchase agreement as follows.
"Seller will have final resolution of any disputes to be determined by final, binding arbitration and/or mediation or other dispute resolution procedure as a prerequisite or condition of pursuing other
available procedures or litigation."
I remembered you mentioning about it in one of your youtube and had suggested a remedy.
I did not understand it at that time, but can make use of it now. Will it be possible for you to air it one more time? Or, send a link to the same?
You all can come out with all these slides and stats about price. Bottom line is greed.
Fear and Greed controls the markets
Surprised you used lance lambert he not a crash bro so this is a change I’m glad your bringing qualified voices instead of all crash bro narrative
Lack of inventory means inspector goggles up
Oh snap, looking forward to hearing this one!
Hope you enjoy brother!
@@realestatemindsetgreat interviews all week but this one was especially great. So much about the “why” for where prices are. Really liked how he framed the convo of looking into data and asking questions.
where can i see this data today? is this publicly available?
I call it "The Great Crash"✊️✊️
I enjoy the resi club articles, I recommend signing up
His analysis of the West is weak and shallow in my opinion. I think he's in for a surprise when he sees next year that it was being held up mainly by inventory shenanigans and other temporary factors (not incomes). Also, foreign (Chinese) buyers are contributing greatly to the stabilization that has happened in California.
yup
My house we bought in Fresno in 2006 went down 73% in the last crash. We did a short sale back to the bank in 2011.
Housing can go down a lot more in the West.
Thanks for the update.
Good stuff
Scottsdale never went down.
2008-2011 housing prices went down in Snottsdale and everywhere else in AZ
@tobyk5149 those years. Yah. I was confused, I guess.
If you want him to to talk then just be quiet and let him.
Totally Bonkers Kid 😮
Totally Bonkers!
Don’t even need to see the map. Wisconsin always go up 😭
LOL But Math matters!
@@realestatemindset better days ahead… patience is my weakness
C’mon man! Wisconsin beer, brats, and cheeese!!
Waiting patiently from Punta Gorda
Bonkers Flash Crash!
Travis gave you the high how are you today but you did not ask travis how he is doing today
WAH!!!
I bought my 2nd property in San Diego on August 2022 with 4.375 fixed rate. I consider the rate as asset. I may never see rates drop this low again.
@@House_hacker_619 yup! Rates are ALWAYS considered assets! Even more, is the fact you landed that sweet sweet deal with multiple ADUs on it-or so you claim on EVERY VIDEO EVER!!!!!!
@@LockedUpLarry bro do you even know what ADU means 😂 look it up and educate yourself. You know you can turn a garage into a studio and a granny’s flat is also called a studio. Like I said you’re clueless. You probably live in a small town somewhere in Midwest with a population of 10 people and everybody is married to their uncle or cousins and the result is you😂
Honestly, he rambled and didn't think about the audience's attention span. He also mowed over the host which was gross. Lance, I hope you see this as construction criticism. 💤
Already there
Travis calls Lance, Logan. Whoops
lol
As soon as Lance said he likes to lean into the word correction. I paused the video. Wrote this comment and stopped watching. This guy is as bad as the MSM telling you everything is fine.
Absolutely bonkers!
100% BONKERS!
We have caught a nasty case of interest on the national debt. If Trump gets in? ho boy
Trump will get in. Done deal.
@@TheEdzy25 🤣🤣🤣
🧢🧢🧢
Bonkers
Bring on the bonkers
Hope you enjoy P-nice!
Let him speak.
What about Las Vegas 🙄
goin down soon enough
For the algorithm.
These are all just minor pullbacks. A real crash would be prices at 50% of what they were in 2012 would only occur in some kind of war or situation where current financial worms can no longer manipulate the environment and markets aka the markets would be destroyed as they are and be left free to start working again. Something that won't happen maybe for another 2000 years or until the human bubble has been reset to start all over again.
@@AlmaMelvin58459 when a housing bubble reaches it leak, it slowly release its inflated values. A “crash” would be ~30% decline.
Or the 10 year hits 6.5% which is very possible IMO.
who on earth said prices would “CRASH” to 50% of 2012 prices? Are you insane?
First
LETS GO!!! Thank you Mav!
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