THIS Will Happen to the US Real Estate Market in 2025
THIS Will Happen to the US Real Estate Market in 2025
Fannie Mae revised DOWNWARD their previous housing market forecast for home sales and mortgage rates through 2025.
In today’s video, I share all the details of their real estate market forecast for housing starts, home sales, home prices and mortgage rates in 2024 and 2025 (link below for the reports).
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Very valuable info. Thank you. New subscriber.
I have been looking at 1200 sq ft homes in DFW and OKC, $200k + for 40+ y/o homes. Also Homeowner insurance has increased by 40% in two years.
The greedy rich have killed the American Dream
how do you stand CA? it seems like masses of people are fed up with failed liberal ideas.
housing costs have just pulled 10 years of appreciation forward. its just ridiculous pricing.
This winter is when the party begins . Employment decrease, high home prices , high food and utilities prices , mediocre rates . Hmm I will sit down and watch.
Basta Basta ..
How do you think the vacation market is going? Looking at big bear at the moment and the house I’m looking at has been sitting on the market for 150 days…. They started at 825. Now down to 725. “Estimated at 680-706k by Zillow”
Planning to put in an offer. Maybe 650?
This is why I bought my 1st few properties in cash,everything is so unpredictable when you are counting on banks.
Currently better off than if I’d bought a home when last I moved.
Am glad I don’t live in one of the places that is still below pre pandemic supply levels
And God said "let there be crash" 😅
congrats on you 100k!
It'll stay flat thn up..srry no crash
Did market test recently not only I need to put HUGE CASH as downpayment but also monthly payment is insane, waaaay cheaper and safer to continue renting rn ….
Inventory is rising because houses are sitting on the market longer. Houses sit on the market longer because they are overpriced. Somehow sellers/realtors are not making this connection these days.
I feel like we are reaching the tip of the iceberg and people are finally realizing that if the majority stick together we can control the market. Let the few people buy homes and be underwater. I have seen literally thousands of homes in my area be built in the past few years. Those homes now are all of sudden coming back up for sale. These homes people typically stay in for 7 to 10+ years, not 3 or 4. This is good! Let them try and sell, let builders continue to build and sit. As long as WE the majority stick together homes will decrease. Do not feed into the FOMO or that houses will increase, patience is a virtue. Bide your time and prepare for the future.
Important predictions. Thank you!
From a macro perspective the USA is entering a phase that more closely resembles 1940-1980 than 1980-2020. Maybe instead of HGTV and constant marketing for housing bros you could look at some greater historical context?
As we all wait for the housing market to heal itself over the next decade, we should be directing all our frustration at our central planners who snapped their fingers and dictated that anyone who bought a house before 2020 has a monthly payment of $1500, and anyone after 2020 has a $3000 monthly payment. Wild. Like bailing out the bank CEO bonuses in '09 level of wild.
Good morning, Jason
Is there a way to categorize the age of the houses for existing sales?
Obviously anything bought in 2020 or before will sell for higher than a house bought in 2022 and sold in 2024.
Anyone that bought in 2022 would more than likely break even at best.
I think that matters more than anything.
When most people thing its a good time to sell, then buy. When most people think it’s a good time to buy, then sell.
So, unemployment will be up, and rates will barely drop, and they are predicting a 9% increase in sales and an increase in prices. Makes sense. 🙄
Hi Jason. I was wondering if you have ever researched renovation data from general and/or specialty contractors? This might help predict potential home sales in the future.
I don't think home sales will improve meaningful until rates are back below 4%. That's what the current housing market is priced for. If you look historically the housing market typically doesn't improve in these markets until rates go significantly lower, and in this case an expectation of zero percent Fed funds rate has been set.
It's all market dependent… we just bought and sold and in our situation, it was a great time to buy. We had a contingent offer which would have not of even been considered in the past 3 or 4 years, it was accepted. And we staged and sold our existing house in 8 days at asking which was based on comps. This is a significant upgrade for us and this price point will not exist with interest rates even 0.5% lower. I personally feel we have done well. This is in 94598 btw.
It also really helps that as a seller you disavow yourself of getting 2021/2022 prices and price according to today's prices. We did this and had plenty of interest.
Good Morning, Jason.
This doesn’t surprise me. Apr don’t mean jack unless the price comes down. Apr may make you month cost cheaper. But won’t change your loan approval amount. Which in turn means can’t buy due to high price.
OC prices won't go down. No more affordable houses in OC ever again.
Crash bros seething right now
If there’s a lender can match my VA current rate at 4.375 and refi it conventional. I have 850 credit score with 20% equity. I’ll definitely refi and free up my VA loan aka “one time restoration”
😂
Happy Nerdy Humpday Jason
#LETSGETNERDY
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