THIS Will Happen to the US Housing Market through 2025
THIS Will Happen to the US Housing Market through 2025
Despite housing inventory rising to a 4-year HIGH (giving homebuyers more options), Fannie Mae is now forecasting that US home sales will fall to a 29-year LOW in 2024 (i.e. the lowest levels since 1995). They are also predicting that home price growth will slow down as well.
In today’s video, I share all the details of their real estate…
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Over time HOUSE PRICES and RENT Will INCREASE.
Be carefull with debt.
Biggest collapsing is coming, from 2025 to 2030, Everything is gonna burndown.
Buy things,on cash, if you dont, can buy it, leave it.
Worldwide, economy gonna collaps.
Please be carefull with your money
It’s the prices! Even a dump costs over 200k
more people are considering moving because DOnald Trump is going to be our president, they feel more confident and the removal of all the woke tv shows like the view or MSNBA, now canceled.. Supply will increase but prices will not drop , we need supply to increase that is not a bad thing
Cleveland TX 17% house value decline
Home homes owned by multinational hedge companies, and left empty to keep the prices up, why is this never discussed?
Price will continue to up 10% yr. California home prices will double in 4 yrs
to say that there is a 3% drop YOY this year vs lst year in units you are SMOKING CRACK ; as a realtor and lender trainer and coach for three decades I can tell you both industries are losing up to 50% of their 1099 and W2 people
so who benefits from these Barbara Corcoran 2023 like LIES. Hm…..
Bad time to buy a house. Cost of living expected to increase, mortgage rates expected to increase. House prices expected to be stagnant.
Government assistance expected to be weak or non-existent.
I expect the used RV market to be in demand.
It may take 8 years before houses will be affordable again.
Glad I could sell my house tomorrow and walk with 150k it's all where u live
Home values will continue to decline for over a decade.
Make housing affordable again ( based on avg wages ). ( 53k a year is average in the Phoenix AZ 🌵area) (58 k in Las Vegas )
To summarize how I have felt, everyone that could have bought, bought years ago. Everyone who wants to buy either cannot afford the home(s) or it’s just not financially reasonable.
We are stagnated. This is because prices have not come down, inventory is still low to create an impact and unemployment rate/other factors are not impactful to move the needle enough.
Unless someone makes some big moves in their career or are home investors, why would anyone else put themselves in a poopy situation and buy?
I’ve learned not to follow any of this! The crash! The crash! There is no crash! Only over-manipulated zestimates that make the rich, richer & the homeless, homeless!
The argument in this comment section comes down to whether or not homes are overpriced vs interest rates simply being too high. I think homes are just too expensive right now, and a correction is needed. The question is if that correction will come. That is the million dollar question that no one knows the answer to. I make really good money, and already own a home but would like a bigger house. When I do the math it just feels like I would be making a bad investment at these current prices. I am going to wait, and hope this consumer stagnation drives these prices down. Ask any realtor though, and they think the market will go up forever.
This guy has been wrong for 4yrs
I’m curious on your take on multigenerational house trends in the US. That’s been more common in other parts of the world for a long time. Potentially takes a lot of buyers off the market. On the other hand it makes issues of existing mortgages and capped property taxes and turns them into attractive features. A lot of older home owners sit in homes way too big for their uses but are trapped in them for these reasons and high cost of new construction.
It is pretty funny how every real estate agent and their moms were shouting about how mortgage rates were going to come down when fed lowered the overnight rate, clearly having zero clue how any of these markets function. Its almost like becoming a real eatate agent requires zero education and thats why we have so many bad real estate agent. At least jason seems to have a fundamental understanding of financial markets at least much more than most.
I keep here about a correction but I have yet to see it in SW FL or StL, MO two places I travel back and forth from. SW FL has a lot on the market but sellers aren't moving their prices.
Mark my words: the everything bubble is going to pop very soon. The artificial asset appreciation caused by decades of cheap money and other debt practices will lead to the worst stagflation this country has ever seen. Inevitably, the chickens will be coming home to roost.
Ypu cant predict this. if trump wins everything will become affordable. Or we continue through owning nothing and being broke Please Trump fix what they broke
Lower the prices before the whole thing crashes or let the pain destroy you
It’s worth noting that in a video you posted in 2023 (and I verified it) Fannie Mae forecast for 2024 was home sales of 4.7 million. So they might be short by almost 1 million
if banks are reallly sitting on 750 billion in losses. Rates will have to drop significantly, asset prices will have to increase significantly or maybe the fed will bail them out. A change in any of these will impact the housing market.
Prices won't drop, only supply and transactions.
Bottom line. If you get a good deal ( a house that need little fixing) buy it. No good deal dont buy. Lets wait for the election to be done and be sure that market wont go down. Expect houses to increase next year. Make up your mind and dont rely on anyone, even the government. There is a lot of uncertainty and i bet no one can give you a definite answer. Last note buy a house with some land.
I went looking for homes in the tampa area after the 2 hurricanes just hit, and the realtors still have pre- hurricane prices. Some even told me to buy now because prices are going back up. So 2 hurricanes hit and prices appreciate? I'm really not trusting some of these realtors.
Home prices, what will the home prices be? Most folks don’t care about total sales.
7.455%. That's the 30-year fixed mortgage today. I think we are in a depression for housing and autos. Retail is barely breathing.
People need to stop buying houses, so these corporations understands that buyers have the power.
Brilliant analysis as always Jason!
I bought my first home several years ago as place to live long term. Hopefully I can eventually pivot to a MCM home with larger yard in the future once rates drop again.
Home values are declining in every state
I’m just happy to see increasing reductions in prices in my area. Still incredibly unaffordable but there is hope for the momentum.
I believe if Kamala wins, she targets corporations and investors that bought more than 50 homes. This could cause a major supply of homes supplied to the market because they will sell due to being targeted. Prices could drop.
For those who really want to sell you might want to start thinking about lowering your price before ya get burried in debt. Because if you lose your job or hours are cut like i think is planned then you might wanna sell now. It may be a last chance to gain the last little bit.
I don’t know why but suddenly a lot of houses put up for sale in my area even more compare with the Summer.
Its the prices,HOA's costs,property taxes and Insurance that are the problem,interest rates dont really matter.
Houses cost way too much,not worth it,!
Thank you so much for the information!🎉
Thanks! I appreciate you taking the time to read your viewers' comments and responding. That's probably a full time job in itself.
Higher end houses in Tennessee are insanely expensive. It feels super risky to buy a nice house because I know people just don’t make that much money in these towns.
Our house is fair priced and over 30 days on the market in TN, is it a good idea to rent it?
Get this election done so we can see this down trend run. 🇺🇸
Mahalo 🤙🏽🌴🌺🍍✌🏽💙🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃🎃