The Housing Bubble is Starting to BURST

Рет қаралды 111,168

Ай бұрын

The latest news about the housing market shows that certain markets in the US is starting to see prices come down. This is welcome relief for many homebuyers. Buyers are at the brink and they’re saying no to these high prices. In this video I’m going to talk about which markets are starting to see that bubble burst. And I’ll also talk about which markets that are still hot. I’m kind of excited about this one. Maybe this is a sign that a balanced market is returning.
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Jacqueline "Jackie" Baker
NJ License 1541448
Coldwell Banker Realty
Allendale/Saddle River
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Пікірлер: 792

@TheJackCain-84 15 күн бұрын

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.

@kevinmarten 15 күн бұрын

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.

@LindaHaire 15 күн бұрын

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.

@kevinmarten 15 күн бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@LindaHaire 15 күн бұрын

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.

@kevinmarten 15 күн бұрын

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

@SteveDutton-v 19 күн бұрын

Prices are too high. With rates not subsidised in ’24 and mortgage still high , currently seeking alternatives to maximize savings without an RV move or taking a loan. I’m seriously contemplating the latter.

@DavidCovington-st2id 19 күн бұрын

Affording our mortgage is tough as well. I have suggested cashing in, renting or relocating, and investing the rest in the stock market.

@AllenNichol 19 күн бұрын

If you can afford to relocate, you should manage the mortgage.

@SeanTalkoff 19 күн бұрын

if you are looking to invest in the stock market, I suggest you Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.

@tmer831 19 күн бұрын

Thats true, working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.

@WillieNickell 19 күн бұрын

this is all new to me, where do I find a fiduciary, can you recommend any?

@snake0911 Ай бұрын

Home prices all time high, credit card debt all time high, auto loan all time high, student loan all time high, food prices all time high, medical expenses all time high, living income same as always. Something’s got to give.

@chickadeeproductions Ай бұрын

Isnt that why they are getting ready for a war? 1900s mentality "A world war will get us out of financial peril."

@nypinstripes2388 Ай бұрын

Democrat policy on full display. Not a shocker for those of us paying attention.

@jenniferraymond9766 29 күн бұрын

That's Bidenomics for ya!

@johnmichaeloneal8231 28 күн бұрын

@@jenniferraymond9766 Don't see this as political. Just a fact of unfettered Capitalism during which nothing can remain high forever. Save your cash, because there won't be much else left once the economic readjustment begins.

@davidjaylaw1920 27 күн бұрын

@@johnmichaeloneal8231 You dont understand political fiscal policy. $ounds like you voted for Crooked Clone Grandpa Dementia

@RickDwrecked Ай бұрын

There's nothing to stop investors from buying up homes and renting them out to people who would normally be buying those homes. There need to be safeguards put in place that prevent homes from being bought up by corporations.

@siddreddy1416 Ай бұрын

Unfortunately this is all a staged plan. They will eventually buy everything and everyone will have to rent. Not sure if it’s 20 years from now or 75 years from now, but I’m positive that is their plan. They feign incompetence to fool people but it’s all by design

@taurus1647 Ай бұрын

I agree!

@lancefarmer2508 Ай бұрын

These vultures are sitting with lots of stock in Florida and are due all the pain they are about to feel! Nobody's moving so nobody is renting!! : )

@ErutaniaRose Ай бұрын

@@lancefarmer2508 Plus if some areas of Florida and the rest of the South East flood soon because humans tried to move rivers and nature is biting back after all these years, it’ll wipe out entire towns.

@cutie-44 Ай бұрын

@@ErutaniaRosethe cause of flooding is the seeding of the clouds that going on since the 30s and 40s. Image how advance they are now with geoengineering. It's ALL over the world no such thing as crazy weather, ozone or climate change. It is totally purposeful and destructive

@Greghilton3 27 күн бұрын

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

@Davidstowe872 27 күн бұрын

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

@Elkemartin213 27 күн бұрын

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 portfolio currently has 200% increase last couple of months with the help of my advisor.

@Quason788 27 күн бұрын

in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.

@Elkemartin213 27 күн бұрын

There are many financial coaches who excel in their profession, but for the time being, I employ “Amber Dawn Brummit” because I adore her methods. You can make research and find out more.

@Quason788 27 күн бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

@sarawilliam696 Ай бұрын

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.

@NicholasHarmon-ow3jl Ай бұрын

I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.

@PatrickFitzgerald-cx6io Ай бұрын

I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

@brucemichelle5689. Ай бұрын

Impressive can you share more info?

@PatrickFitzgerald-cx6io Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@justinx9892 Ай бұрын

Doubt it. People have been saying that for 2 years now. Prices have already went down. We aren’t gonna see any sort of crash anytime soon

@ScottLarrry 25 күн бұрын

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

@MelissaHobbs-qm8wi 25 күн бұрын

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

@AshleyKeith-vw7ws 25 күн бұрын

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.

@HRMColoniallifeinsurance 25 күн бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@AshleyKeith-vw7ws 25 күн бұрын

My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@MelissaHobbs-qm8wi 25 күн бұрын

Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@Carlos-zw5xb Ай бұрын

I'm in Florida, alot of people are buying 2-3 houses at a time around Ocala area for 300000-350000 because they sold 1 house in Miami , New York California for 1.5 mil CASH !!! Feels like they are squeezing out the middle class!!

@Ja56780 Ай бұрын

If we could have less people from the northeast come down then things will get better. I remember when they would come down and pay 50-120k over asking price and waiving inspections. If we could have migration from up north to Florida back to normal levels home values will return to where they should be.

@JubeeBijou 23 күн бұрын

@@Ja56780 exactly, and the same goes for TN. They have pushed locals out of the housing market. Locals NOT happy nor exhibiting southern hospitality. They are frustrated.

@tylertyler82 21 күн бұрын

@@JubeeBijou Most people who lived in California originally came from the midwest, south, and east. They're just moving back "home" now.

@JubeeBijou 21 күн бұрын

@@tylertyler82 “most”? Ok 😂

@ErnieBert-eg8kd 14 күн бұрын

Most people who believe they are middle class are not middle class

@joefunk76 Ай бұрын

Somebody dropping their asking price by 10% after asking for double what they paid for the house 5 years ago is not even a housing rout let alone a housing crash.

@shirleyy2711 Ай бұрын

Exactly. The market in our area see at THE MOST, 10% drop. The price cuts are usually in the 3-5% range, which isn't anything considering the run up since 2020. In fact, some see a price INCREASE, as mentioned in the video. Depressing times indeed for those who're looking to buy.

@sczr1186 Ай бұрын

Anybody following the market closely knew it would play out like this. It's called a correction, not a crash. Between housing shortage and cash investors, the drops are only going to go but so low.

@jonathantaylor6926 Ай бұрын

US real estate is the second largest asset class on the planet. Like a massive Aircraft Carrier the real estate market takes a long time to turn. These initial price cuts are just the captain cutting the wheel.. the actual turn hasn't really started. These things take time.

@NukSooAL Ай бұрын

Problem is you money is worth about 25% less then what it was 5 years ago. How can they fix the housing crises when it’s really being caused by inflation ?

@jonathantaylor6926 Ай бұрын

@@NukSooAL Because much of the "appreciation" of home values was driven by speculation- not "inflation". No doubt inflation has contributed to home prices going up however that is hardly the only force that pushed home prices higher.

@minakindo3243 Ай бұрын

There is a house in my city that was sold for 384k in 2020, it was relisted for 489k on May 1st 2024, it already has a pending offer. I live in central PA which is a pretty affordable market but these prices are so delulu

@AshleySpeaks4U Ай бұрын

Tried to buy foreclosure in my hood. Offered lender $150,000, cash-$72,000 over amount owed-and they refused. YET- a week later sold to a CALIFORNIA INVESTOR for $6,000 BELOW my offer, at $144,000. They relisted after crap job for $339,000, after fixing NOTHING. Some creepy insider deals going on! 😢

@ErnieBert-eg8kd 14 күн бұрын

It’s not delusional if someone is willing to pay that.

@mram00024 Ай бұрын

Not in NYC. Long Island is out of control. Entry level homes went from $550k to $800k in just months. Everything is selling. I just don't know how these buyers are committing to almost $6k mortgages.

@Muffy703 Ай бұрын

crazy.. buyers need to take their power back and stop paying 50k +++ over ask.

@LoveOneAnotherHeSaid Ай бұрын

They will lose the home.

@Metal_Stacking Ай бұрын

Houses did not rise as fast as the stock market or m2 money inflation/devaluation. Nobody seems to realize how badly global fiat has fallen in buying power. They like to compare to other fiat but never pay attention to the devaluation that is 96% loss of purchasing power since 1914.

@timsharkey8265 Ай бұрын

That's why South Jersey is still hot. Down by Long Beach Island inland. All NY money.

@BillySBC Ай бұрын

The last home I bought in Nassau County, a four bedroom two-bath Cape on a corner lot in good school district, sold in 1956 for $16,100 dollars (I know because I have the original mortgage paperwork from the previous owner). Adjusted for inflation, $16,100 dollars in the year 1956 equates to $183,000 dollars in the year 2024. So that brand new home right now should be selling for $183,000 dollars if all things are going to be equal with the deal people recieved in the 1950's, but instead that very same home is selling for $700,000 dollars. This situation is not fixable, it is not reversible, the time for the government to act on the "flippers" and "Real Estate Investment Trusts" was 40 years ago, there is no solution. Soon 75% of America will be homeless. It's time to get out of this burning building and find a new country, this one is finished.

@shakazulu3594 Ай бұрын

Credit card debt is at a historic high. People are going broke slowly but surely. Housing will inevitably follow at some point.

@cryptochat313 Ай бұрын

The auto industry is suffering too! repossessions are on the rise, auto auction lots are packed to the gills! Credit card debt is at an all time high!

@benpang1103 Ай бұрын

I've been waiting for the BIG housing crash for the past 2 years.

@geckster109 Ай бұрын

@@benpang1103 If you dont think its gonna happen, then go ahead and buy something today!

@993mike Ай бұрын

Let's see - housing prices dropping in Texas and Florda. What a shocker! People came into these areas unaware of the awful weather and MAGA nuts, and then after a year or two say to hell with this!

@Maggie-zr2ow Ай бұрын

I think housing will continue to be bought up by corporations and investment groups and the majority of Americans will be renters. Super sad.

@anniealexander9616 Ай бұрын

Marry the house, date the rate!!! 😂🤣😂 I saw a real estate agent post that advice this week! Feels like 2006!

@craigdvance Ай бұрын

Until you can get a 3 bedroom for under 300k, I don't see where a the drop in a million dollar home is helpful. I live in the Triangle and it's still hot. Projected to go up another 6 percent this month. They are building these giant hamster people farms now, that's what I call them, just rows and rows of townhomes stuck together. Or they will tear down a small historic home and build some giant mcmansion on it. It is incredibly clear the disparity between those with A LOT of money and those of average means. It is very depressing.

@nunyabusiness7927 Ай бұрын

I live in the Triangle too. As long as blue states keep emptying out and people keep moving here, prices won't be coming down anytime soon.

@automotivelove Ай бұрын

You will not get it for the same prices as 2005. Inflation does play a part, but the house prices are ultra inflated. Compensating for inflation and I'd say 400 is where it should be.

@PrettyGoodLookin Ай бұрын

You can in some towns.

@Airbender-kl7cu Ай бұрын

Hamster people Farms 🤣 that's a good one

@jorge1170xyz Ай бұрын

It all matters. Don't believe that realtor clap trap of price bands and islands. Yes, the bands matter at times, and they can certainly do their own thing for a good while, but when push comes to shove and houses need to sell, the carnage in the higher bands DOES have a knock-on effect on the ones directly below (and above for that matter). Some enclaves manage to be islands forever, but there aren't enough of those to prevent price discovery from sweeping across an entire market. If the government weren't printing to the moon and playing so many games with toxic loans/mods/forgiveness and moratoria, we'd be much further along with the Covid correction by now.

@GTOberfest Ай бұрын

Nice to see your channel starting to take off..well done.

@JackieBaker Ай бұрын

Thanks 👍 Appreciate you being here!

@jukodebu 25 күн бұрын

Noticed this in my part of LA- recently houses have been sitting longer and prices are coming down. I thought it's starting to bust here- and about time. A small 1500sq ft house going for 1.2 and higher is just obscene

@johnshollenberger2337 Ай бұрын

Hi Jackie. Very nice presentation. Informative and helpful.

@moongoddess45 Ай бұрын

Ughhhh, I live in Connecticut, in Shelton, which is the tip of Fairfield County, during the pandemic New Yorkers flooded us, even yes, Jersey~! It sucks here, prices are crazy high.

@jasatx2024 15 күн бұрын

You are right Mrs Baker, no one benefits of this crisis except financial institutions and the counties across the US, the obscene way we’re being taxed. The losers are the buyers especially the younger generations.

@randanaim9586 Ай бұрын

Jackie, thank you for being so transparent and helpful. I've learned so much from you.

@JackieBaker Ай бұрын

You're so welcome!

@MC-ec7en 25 күн бұрын

San Diego, specifically North County…prices are never going down 😖

@tylertyler82 21 күн бұрын

Just moved out of San Diego. It will never be within reach for those with less than $500k income

@walterporras9233 Ай бұрын

Jackie: thanks for another awesome vid. Whats your input on central FL?? Sebring, Ocala, etc thanks!

@jrahn66 Ай бұрын

I absolutely adore your videos, Jackie.

@keithpoolehomecoffeeroasti489 Ай бұрын

Good info. Is there a site you'd recommend to find basic info on sales in a zip code that's in a table or download? Like which realtor has sold the most in a specific zip code? Thanks

@KiraReminiec9399 Ай бұрын

Is Chicago,Il on the price upswing ?

@RosslynAndy 6 күн бұрын

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Judith M Layton for helping me achieve this.

@FelixDedrick 6 күн бұрын

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@ToriDaniel-xk1tt 6 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $3900. That really helped us a lot to pay up our bills

@CoreyRoberto3244 6 күн бұрын

You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family

@LewisCourtland-gg4fz 6 күн бұрын

I'm new at this, please how can I reach her?

@FredrikClinton 6 күн бұрын

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

@Koniving Ай бұрын

In areas where corporations can buy residential homes, such as Florida, prices jacked up to stupid highs.

@nokateno Ай бұрын

I was shocked by the deals I saw in SF. Also shocked Seattle is nearly as expensive as SF. Seattle grocery and restaurants the most expensive in the country. Three years ago I counted something like 80 cranes from a single view in downtown Seattle. Today there’s maybe 4. A bunch of buildings cleared out to be demolished and redeveloped during the same period are sitting vacant, growing vibes, getting burned by squatters, etc. They don’t seem to be in such a big hurry anymore.

@kevoreilly6557 Ай бұрын

Amazon

@austinbar 9 күн бұрын

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

@rogerwheelers4322 9 күн бұрын

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

@joshbarney114 9 күн бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@FabioOdelega876 9 күн бұрын

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@joshbarney114 9 күн бұрын

I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@FabioOdelega876 9 күн бұрын

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@ginnyn9660 Ай бұрын

Other than Florida, what about other states in the Southeast? thanks for videos!

@allensadicario5196 Ай бұрын

I live in staten island new York it time to move but don't know were to go I watch your channel and you make me think about the dos and don't

@teribunker5223 Ай бұрын

Myrtle Beach SC is softening.

@BaekHyeon Ай бұрын

_Excellent!!! Your channel is Highly recommend. But I really do have a question. For someone with less than $10,000 to trade, How would you recommend we enter into trading as a newbie? Because depending on one steam of income is very difficult in this economy crisis so I would greatly appreciate any suggestions_

@Michael68689 Ай бұрын

I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you. This goes a long way to ensure winning trades.

@BaekHyeon Ай бұрын

Please I'm a beginner where can someone reach Mavis?

@Michael68689 Ай бұрын

She's mostly attend to client's faster on Telegrams, using the user-name.

@Michael68689 Ай бұрын

*Mavis131大大大 ...that's it*

@PhilipWood-eo6fn Ай бұрын

Glad to have stumbled on this comment. I'm new in investing, but I'll linking up to your coach. Thanks appreciate this useful info❤

@tracy419 Ай бұрын

Yikes, my town is on the list of rising prices 😮 Thankfully if we buy, the home we are interested in is not actually on the market and will likely be a private sale.

@u2fkeys665 Ай бұрын

Beautiful...this information was awesome 👌

@JackieBaker Ай бұрын

Glad you liked it! Thanks for watching!

@Stellaanderson-qx5nl 21 күн бұрын

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

@lanlam9959 Ай бұрын

You were talking about CA BUT NO SAN DIEGO. CAN PLEASE GIVE ME SOME INFO ABOUT IT. THX

@chrisg0374 Ай бұрын

All the houses I am looking at in northern SC are all showing prices reduced.

@Aarrenrhonda3 2 күн бұрын

In the early 1990s, I bought my first residence in Miami, and at the time, initial mortgage rates ranged from 8 to 9% to 9% to 10%. People will have to concede that it's possible that we'll never get back to 3%. Lower assessments will ensue if sellers are forced to sell, which will force property prices to drop. I'm fairly certain that my train of thought is not unique.

@Peterl4290 2 күн бұрын

It will, if anything, worsen. Affordable homes won't be available for much longer. Therefore, I will advise everybody who wants to do anything to do it right now because tomorrow's prices will look lower than they did today. I believe that frenzy brought on by rogue inflation will continue until the Fed tightens its controls much further. It is impossible to tear off the bandage halfway.

@larrypaul-cw9nk 2 күн бұрын

The high mortgage rates and stringent regulations may cause you to contemplate shifting your investments from the real estate market to financial markets or gold. Before things stabilise, home values could need to decline dramatically. Making informed financial decisions may benefit from consulting with a financial advisor with market knowledge.

@sabastinenoah 2 күн бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@larrypaul-cw9nk 2 күн бұрын

Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@sabastinenoah 2 күн бұрын

I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

@eile4219 Ай бұрын

List price is not as important is the final sales price

@kingyos6710 Ай бұрын

What's the data for NJ? Up or down?

@JasonAdank Ай бұрын

Aint gonna happen. a minor blip at best, prices are not going down until we have a massive financial crash.

@alphaomega1351 Ай бұрын

Bingo! A few percentage points drop ain't enough. 😳

@PrettyGoodLookin Ай бұрын

There are retireees with money and there are inheritor's with money.

@jonstone9972 Ай бұрын

Good luck with a massive financial crash

@BillySBC Ай бұрын

The only thing holding that off is a recession, which is bound to happen soon.

@Jasch131 Ай бұрын

@@BillySBC we’re in it already

@colinsmyers6264 Ай бұрын

You didn’t talk about NJ, but I’d venture to say that appreciation here is going to be higher the other places you listed.

@ahumanbeingithink Ай бұрын

What is NJ looking like? I guess specifically Northern NJ. Thank you!🙏

@JackieBaker Ай бұрын

For the most part it’s still pretty hot. Multiple offers, appraisal waivers, all the things😞

@normasalgado4494 Ай бұрын

So glad we got out of NJ in early 2019. In SC retirement is good. 😊

@andreaambrose8857 Ай бұрын

SW FL gulf area. Prices are absolutely dropping here, inventory is at a record high and houses sit on market for months. Too many empty new construction homes and rental homes for sale.

@ryangtrask Ай бұрын

The hurricane couldn’t have helped. What have you seen in regards to that? Ft Meyers/Cape Coral in particular

@Airbender-kl7cu Ай бұрын

I miss spending Christmas in Venice, FL

@andreaambrose8857 Ай бұрын

@@ryangtrask I’m sure the increase in home insurance post Ian has prompted many moves. However, many realtors believe it’s more to do with developers overbuilding here.

@andreaambrose8857 Ай бұрын

@@Airbender-kl7cu Venice is my favorite place here 😊

@BillySBC Ай бұрын

They will have to drop by 75% to be back to normal.

@kavikatta1845 Ай бұрын

Great info. Would love to get your insights on New Jersey housing market.

@JackieBaker Ай бұрын

New Jersey is still pretty hot. Homes going for over asking, appraisals waived. Of course homes that were asking a pretty high price out of the gate are still sitting.

@taurus1647 Ай бұрын

Percentage of investor buying, please

@pattyoconnell1950s Ай бұрын

I enjoy your intelligence and information.

@cherylcampbell7495 Ай бұрын

Mine In Arizona just went down another $10,000. Feel for the people that just bought six months ago.

@jorge1170xyz Ай бұрын

People who bought in AZ, FL, TX in 2022 better be prepared to hold 10 years, or pray for inflation to bail them out sooner than that.

@Alwaysbeclosing1774 Ай бұрын

If you bought in a boom town you better be able to hold on to that house for the next 15 years if you plan on breaking even

@jorge1170xyz Ай бұрын

@@Alwaysbeclosing1774 I am predicting a couple years of a deflationary episode followed by rampant inflation as the government spends like crazy to 'heal" it all. So inflation should rescue even bubble buyers in less than 15 yrs imo.

@xoMrsWentzxo Ай бұрын

@@jorge1170xyz how will inflation help?

@theaquariancontrarian3316 Ай бұрын

Step in the right direction but still peanuts for what people need to afford a house.

@004Black Ай бұрын

Six months ago, I purchased a home in an old neighborhood north of Detroit. The interest rate was ridiculous despite my stellar credit score. If inflation and then the prime lending rate decrease, I believe soft housing markets will again rebound. As for me, I’m hoping to refy as soon as rates drop 2.5% or more.

@jorge1170xyz Ай бұрын

I'm watching a certain swath of homes in Bakersfield, CA. Not a cookie-cutter tract, but still very uniform. On Redfin, all the little green (for sale) rectangles would lead anyone to believe, unequivocally, that it is a squarely 400k+ neighborhood. But when you flip over to the blue (sold) rectangles the values ALL become 355k-385k. That's a big difference and it shows people are negotiating and getting better deals than we are being led to believe...during the peak selling season no less. But there's still a long way to go down imo because even $385k is a lot to pay for a ho-hum 3/2 in Bakersfield, and there's a ton of nearby "500k" new builds waiting in the wings (with a giant cartoon sledgehammer).

@andrewmiller9207 Ай бұрын

Softening is because of the high interest rates...no buyers.......as soon as rates drop, prices will go thru the roof..

@drachenmarke Ай бұрын

High rates? They have been historically low the last 20 years, all the house flippers and HELOCers caused this mess, they will soon feel the pinch.

@jonathantaylor6926 Ай бұрын

Which is precisely why rates cant drop anytime soon. The last thing the FED wants is to see home prices go through the roof..

@jacobnapkins1155 Ай бұрын

Then they won't drop

@elizabethparsons1990 Ай бұрын

If they can’t afford the homes now how will they afford them when the prices increase? The rates aren’t high, they were far too low for far too long. We will never see rates in the 2-3% ever again. Money isn’t free. Those low rates are a HUGE part of why we are here.

@Ehtizan-Editor-001 Ай бұрын

Hey Jackie, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

@elmiguel6725 Ай бұрын

Jackie, you're da bomb. Thank you!

@JackieBaker Ай бұрын

YOU BET! Thanks for watching!

@lillyfish2657 Ай бұрын

Husband and I were debating on moving to Dallas in 2021. Looked at houses in the 375-400 range. My cousin just bought a similar type of house in similar neighborhoods for 600.

@Daveyjonesvi Ай бұрын

New viewer and I’m glad I found someone based in north Jersey. I was weighing my options to rent or buy a condo(living at home currently). What is your opinion on it? I’m looking to move next year and it looks way more affordable to rent a 1br apartment than to buy a condo.

@akiuj Ай бұрын

What is the protection for upstate NY like Buffalo area?

@miket7756 Ай бұрын

Where can I find the Median list price & history for my area?

@tanzellam Ай бұрын

I wish this was the case here in the northeast just in my area houses that were 300k 7 years ago are 500-600k now and the buyers aren’t even touring the house or getting an inspection! These buyers are paying over asking price and are paying cash . One house near me sold 6 years ago for 350k now is on the market for 800k !

@JackieBaker Ай бұрын

It's still insane here for sure. Hoping it calms down.

@debbieforhim7800 Ай бұрын

Is it bursting or just correcting? I get listings for Boise and see that most listings are forced to lower their prices by quite a bit!

@mle3857 Ай бұрын

What about Boise?

@KiraReminiec9399 Ай бұрын

Jackie, I watched a house in the historical neighborhood in Elgin,Il that has 13 renovations that the buyers have to make be sold....Could the buyers resell the house after running out of money doing the renovations? The house was built in the late 1800s

@SuperKillroy1 Ай бұрын

My market in California is picking up. I’m not saying that prices have cooled, but it’s getting more busy

@marcusbutron4580 Ай бұрын

I mean where? Not in my area it’s not! Maybe just Florida. But where I’m at they come on market and are gone in 4 days

@obesia1873 Ай бұрын

Not the Grindr sound at 6:08 💀

@christina3521 Ай бұрын

Great content! Seems the higher it is in Cali the more they move & drive up prices in Oregon & Washington & the rest of the country😬. Since the mid 80s! (Was a Seattleite moved close to the mentioned Mt Vernon).

@JackieBaker Ай бұрын

Thanks!

@Oldcrow77 Ай бұрын

We don’t call it Cali!

@jessika_newell Ай бұрын

@@Oldcrow77 Others do🤷🏼‍♀️

@jessika_newell Ай бұрын

Same… we’re in the Stanwood area.

@mendyboio3917 Ай бұрын

Hawaii Island, prices are starting to drop.

@collegehunter Ай бұрын

Merced is a great town that is growing! Our hospital and university of California are only 10 years old! They are doing fantastic high-quality! We are also the gateway to Yosemite. We have greyhound bus Amtrak and an airport. thank you for mentioning our safe and beautiful city. I have lived here for over 40 years. The high schools are amazing brand new stadiums and pools.

@inertiaforce7846 28 күн бұрын

I'm in San Diego prices haven't gone down here.

@chrisjames5451 Ай бұрын

Not in Kansas City lady. All homes below 200k have minor reductions but still unaffordable when a person only makes 60k a year.

@kassandramorris9741 Ай бұрын

The fact that there are houses under $200k is insane. You can’t find that where I am in NC & I’m not even in a major city.

@rsuriyop 16 сағат бұрын

Going by the 28/36 rule, I would think 60K would be enough to afford a 200K house.

@awaken24 Ай бұрын

Don’t trust a agent just like I don’t trust lawyers

@soneshengg Ай бұрын

Nope not in Bergen county towns. Offering 125K above asking and still not winning bids.

@normbograham Ай бұрын

The market in east texas, appears to be returning to prices 3 years ago. But the Virginia Beach market is still hot.

@jscott4431 Ай бұрын

No chance of a crash in my area. Prices still going up. Very few homes for sale. New construction prices are beyond belief.

@James_Madison92 Ай бұрын

A combination of elevated mortgage rates, higher home prices and tight inventory is posing affordability challenges to most homebuyers in New York. In addition to higher borrowing costs, the 2024 election is another reason the housing market may continue to stagnate in the upcoming year. “Presidential election cycles can have short-term negative impacts on housing,” according to global financial services firm BTIG.

@CeciliaOsgood Ай бұрын

I feared a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

@LeonMoll Ай бұрын

With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and wife

@jeffreysmall8902 Ай бұрын

I live in Columbus Ohio housing prices are crazy do too house shortages.

@randycribb5227 Ай бұрын

What do you think about Raleigh NC ?

@LuxuryHomesCharlotteNCEMagids Ай бұрын

Raleigh is solid --

@JackieBaker Ай бұрын

Raleigh is fine. Still a competitive market.

@normbograham Ай бұрын

Police state. (lol).

@normbograham Ай бұрын

RTP area, was the fastest growing area for 20 years straight. That sorta momentum does not go away. It will always attract technology jobs.

@kimd8873 Ай бұрын

Did u just a vid that said We will regret buying a House this Year?

@Skygirl777 Ай бұрын

Chicago area - North West suburbs - The prices are rising by the hour. No properties available on the market.

@timo3683 Ай бұрын

For real. I can’t even afford a decent house. Literally all I can afford is Southside. A vacant home in maywood is going for 185k… everything else is 320k and up. It’s so discouraging. but we’ll get through it. Stay up.

@Skygirl777 Ай бұрын

Yes. I have a friend. A single woman. She has been trying to buy a condo or townhouse for more than 2 years. And no luck. Very few available properties. Everything is sold very quickly with multiple offers. She placed a few offers. But no luck so far.

@timo3683 27 күн бұрын

@@Skygirl777 are you familiar with the south shore area? Found a few homes that way but not sure about the area. Mexican male 25

@Skygirl777 27 күн бұрын

@@timo3683 I am not familiar. Sorry. I have experience and knowledge with North West suburbs - Palatine, Schaumburg, Arlington Heights,………

@firefalcoln Ай бұрын

I live right near Santa Maria Ca. Luckily for me, I’m already a home owner. Not so great for many of my peers who wish to buy down the line. I take this prediction with a big grain of salt however because I think it’s absurd to treat Santa Maria and Santa Barbra as part of the same metro area. There is a 1 hour drive through rural vineyards and small towns/cities to get from one to the other. Also, Santa Barbra is a fancy city for the area right beside some of the most expensive homes in the world. Santa Maria is a blue collar more affordable suburban city with lots of commuters. Most of which commute further away from Santa Barbra to San Luis Obispo county. Santa Maria is much more of the affordable region for the SLO county area than an area in synch with Santa Barbra.

@JackieBaker Ай бұрын

Thanks for sharing your insight!

@prussian5770 Ай бұрын

Absolutely. Was re investor from 93 to 2007. When prices went thru the roof i talked with my financial lawyer. He was so sure it would crash.i listened. Its ready to happen again, no matter what mortgage lenders say.....wouldnt buy now nope nada.

@andrewb3234 Ай бұрын

Austin is a big tech market. If you moved to Austin during the pandemic, you ultimately can find something in Austin. San Antonio however is a different story.

@stoneagedjp Ай бұрын

Corvallis? I could understand Hillsboro (lots of high tech), but why Corvallis? It's just a college town, or is something going in there?

@patrickwade3150 Ай бұрын

I agree…I lived there for many years, live in Salem now. Corvallis has lost a couple big employers over the years and prices still went up. I’m building a house for a client outside of Philomath and driving through Corvallis sure, it’s grown but I don’t see the jobs to support the high housing prices unless it’s retirees from California.

@danielagrozevarealtor3268 Ай бұрын

In Southwest Florida, we've been experiencing a buyer's market for several months now, with around 7 months of inventory available. There's a wide range of new construction properties available, from $300,000 up to $6.5 million. Builders are keen to sell their inventory, offering enticing incentives such as rate buydowns and covering buyers' closing costs. Plus, prices are still open to negotiation. For instance, an agent from my office recently secured a new construction property for $442,000, despite the asking price being $500,000. I agree with Jackie - while there may be price reductions, I don't foresee a market crash.

@Boli4161 Ай бұрын

Not in Northern Virginia. There are a hundred buyers for every house. I get offers for my house every month. A decent condo in the city costs over 350k

@rsuriyop 16 сағат бұрын

Very true. Although there was once this beautiful 3 BR 1,400 sq ft home in Stafford listed for just 250K not so long ago that I really wanted to go check out. Reason why it was priced that way was likely because there was some rehab work that needed to be done. Still would’ve been worth checking out for that kind of price though. But someone else (possibly an investor) had already put in an offer unfortunately. 😔

@craiggillett5985 Ай бұрын

Watching from New Zealand 🇳🇿 it’s remarkable how similar our national markets are, given the differences in size. Currently New Zealand has this 2 market affect, but our National Economy is officially in recession- high interest rates, high cost of living via inflation at above 4%, rising unemployment. Recently discovered you and find your content interesting and relevant.

@scottl9660 Ай бұрын

one could only hope, but I feel investment entities flush would cash would just snatch up the stock.

@KP-ov3mg Ай бұрын

I'm from Fairbanks and I was absolutely gobsmacked when I saw the price of housing there recently. Alaska has never been affordable and I have no intentions of moving back. But I just couldn't believe how expensive these ugly ass houses are, in a place where the winters reliably get down to -30.

@1BarryMoore Ай бұрын

What about the Las Vegas, NV market? Thanks very much.

@JackieBaker Ай бұрын

Not sure but I'd be happy to check that out.

@1BarryMoore Ай бұрын

Thanks again, and very much.

@Loaded4Bear-gi8yt Ай бұрын

What I think is affecting affordability is the swarm of house flippers who underpay for houses and oversell them. My neighbor recently sold his elderly mother's home for 300k and a flipper fixed it up (painted the brick exterior, SMH) and now has it for around 600k.

@JackieBaker Ай бұрын

Holy cow! Insane!

@1969bones69 Ай бұрын

Yeah these flipper parasites are all over the Tampa area. Buy a 300k rat hole , omgwtfbbq!!!!granite countertops, "luxury" bulk purchased vinyl floor plank garbage and a repaint. Then the home is relisted for 600k. Same crap roof, same crap windows, same original 1963 bathroom, same undercut cracked foundations, just some cosmetic lipstick on the pig stuff. Never buy a flip here. Most are absolute garbage.

@nancyplants757 Ай бұрын

Yup. I’ve been house hunting for years and because of the insanely low interest rates I kept loosing out to flippers and investors. People are forgetting that low interest rates are like free money for millionaires. Fewer and fewer homes with owners occupying them drives up the demand for rentals. Regular people are getting squeezed. I don’t know how anyone can afford anything right now. I hope the prices drop soon.

@levygonzalez9566 29 күн бұрын

Where’s the inventory at?

@fabiansalinas9960 Ай бұрын

How about Rhode Island?

@rillesttalk Ай бұрын

I see the bubble burst finally starting to happen out here in LA and surrounding counties. What’s worse is that the vast majority of home buyers fell for the “we’ll fix everything after we close” narrative. We didn’t although my wife literally works for a top general contractor and we had been approved for rates as low as 2.25% to 2.50% during the pandemic lockdowns. These agents can no longer manipulate higher price ranges for larger commissions.

@treespirit2000 Ай бұрын

Did you mean to say that SOUTHEAST (rather than SOUTHWEST) Florida is seeing a downturn?

Ай бұрын

The market where I live is still super high. Still bidding wars over here.

@graveyarddoji9620 24 күн бұрын

We wanted to move to Florida but a mortgage was almost $4k. So we haven’t moved…. Absolutely insane

@theaquariancontrarian3316 Ай бұрын

Unfortunately the prices aren't going to come down hardly at all. Too many corporations hoarding houses without tenants artificially inflating prices across the country.

@SoulfulVeg 20 күн бұрын

My daughter and SIL just bought a house in Milwaukee. That property market is so competitive. There were 3 offers on the house that they bought. My SIL's aunt was their agent, and she communicated to the sellers that they are newlyweds and wanted to raise their children in the house (which is illegal, but she got around it some way). The sellers took their offer, which wasn't the highest but was close. I was just shocked that Milwaukee was such a hot spot. But, there isn't a ton of quality affordable inventory.

@bruintoo Ай бұрын

Austin housing prices is going down because they are actually creating more housing developments which are brining the housing prices down in Austin, which is good for buyers.