REDFIN Home Buyers BROKE!
Houston, San Antonio, Austin and Dallas Texas.
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Are we in a housing bubble? Will real-estate crash? Is there a housing crisis? How do credit reports work? What are the new Tax laws? Listen to the data and please share your own stores and opinions. It is more important now more than ever with so many changes and challenges. We plan on bringing more and more videos on real estate and how to educate and empower yourself. Please like and subscribe but most importantly empower yourself with education!
Data Source:
#1 https://www.redfin.com/news/declining-homebuyer-budgets-2022/?fbclid=IwAR0yuG9U8cC9qjyp1z92K9O0-X3Y0TK9ZSE9b1WLEgNI_pq95Hl8jdVBNuQ
#housingmarketcrash #realestate #housingmarket
Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036
Travis Spencer
TREC Provider #10299
Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373
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We are in a recession, but it will get much worse soon!
Love your videos and how you deliver.
Investors worry me with creating a monopoly
But will dollars be worth pennies? 🤔
Excellent information
We are in a recession currently
Thanks to the FUCKS IN OFFICE
🙃🙃🙃🙃🙃
You know good and well that homes will not be bought for "pennies" on the dollar. Sure…they are going to drop in value…probably by a considerable amount. But.."PENNIES ON THE DOLLAR" is a gross exaggeration.
Millennials are "offended" by the word crash. LOL!
Cumming, GA – 01/01/2022 – 35 listings, 5% price reduction,
06/12/2022 – 190 listings, 33% homes have prices reduced.
Fed reserve lost credibility with the “transitory” talk. They missed inflation. No one has confidence that they can get this under control. They aren’t even at %1.25 feds fund rate yet !! Inflation is in the 8s. This is so dumb that it’s comical.
One thing you have to realize is home reductions are a Joke!!! Especially in Florida where a home is Reduced by $15K and it’s overpriced by $300K!! Got to love that!! GMAFB!!!!! Joke!!
These home out their are POS homes and are overpriced by 40/50 percent!! That’s Sick not Bonkers….
I bought my first house last year, all cash deal, $1.2M big chunk of money I made last year from stock investment. I don’t give a sht about interests rate, since I am paying nothing lol but ongoing stock market sell off, i was like if I had a morgage loan on my house and kept invested rest of money, I would be so crying right now lol
🙏🙏❤️❤️
Rates were at an average of 6.13% for the 30 year fixed as of today, likely to go up further this Wednesday after the Fed meeting.
My friend bought is simple box for 401k in 2/22/22 and its worth 638k on redfin allegedly !?! lol
They need pressure on finances… Inflation will do that
I have been in the mountains for a week without cell service. My local gas hit $5.17 food went up again and interest rates over 6% while I was gone. The speed this is moving at is impressive.
Absolutely Bonkers! been here since like 2K followers , you’re doing your thing! Love the content as always my guy…
Watch out for squatters.
We are in a recession and it will get worse fir some
I feel like there are three major factors in today’s market:
Higher interest rates, more inventory, and reduced wealth in retirement accounts.
I feel like these three things will create a major correction the housing market.
However, the elephant in the room are institutional investors. Will they gobble up all the properties if prices come down? Or will they unload their properties if the housing supply gets too high?
Traders are still earning while investors are holding.
Learn to trade, i'm presently making $3,200 per week on my portfolio..
Just a guess here as I'm far from an expert on these matters but I kinda expect a serious recession far worse than the on in the mid 2000’s. However I also expect it to be quite dyslexic in that the stock market will continue living in denial for a long time and those stock market whores yo see on TV peddling their bullshit will continue pimping themselves out hoping for a little bit more. I suppose what I'm thinking is that it will happen in stages with each sector and not all at once. I hope housing crashes hard.
I’m seeing $20k price reductions on homes that are $350k overpriced how long will it take for these house prices to normalize? Especially if things flip again 🤔
Consumer debt…coupled with the student loan payments will tip things over.
as tampon decreasing -I put down 20% deposit to buy a house today b 4 price rise… in 2022/23….a bird in hand is worth 2 in the bush
I saw this article on Bloomberg News: "Landlords Ready War Chests to Buy in Cooling US Housing Market." I got depressed at first and angry that we have no regulations against this, but then I remembered… the economy will crash and burn, the housing market will go back down to what it was like when Covid first started and these companies will go under because tenants won't be able to keep up with high rents as many people will be losing their jobs and asked to come work onsite. It burns, but crashes re-set everything. With gas prices and inventory shortages alone, I think we are in for a reset. As in the big rich fatasses who tried to reset us are going to get burned themselves. I hope…
the 2500 monthly looks like it was caculated with 20% of down-payment.
Love the content. I’m a broker and asset manager in the NYC area, we need to stop sugar coating it for people. THE REAL ESTATE MARKET WILL CRASH BY AT LEAST 20-30% in most markets.
Brandon just told Jimmy Kimmel we are in the best shape for our economy, jokes aside, I think Texas and Florida will be the last to see the decline in homes, a few homes in my neighbor hood here in Austin are still for sale since April, the same 5 homes, they haven’t budge on the price. However as the economy gets worse, I expect to see some discount on these, also Tesla Giga here in Austin just announced some layoffs, wonder how many other tech companies in the area will follow. We had several new transplants that came here and we’re buying homes 100k over asking, curious to see how all this will play out for these fomo home buyers.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days..
How are we not in a recession? With job loss how to you pay rent or buy a house? The government helped all the people that we going to loose their house and cars get out with something. They also let a lot of others get over their head. Only the wise that has cash will be playing in the next round. Just my thoughts.
Interest rates don’t lead the way, gas leads the way. If you can’t afford to pay to go to work to afford the cheap house you want to buy then how are you going to do it ?
My area now lower and higher homes have been sitting for over 30 days, but prices not dropping, yet 🎩!
TOMA!!!!!!!!!
It’s so ironic when people said “the market isn’t going to crash there’s a shortage of homes, high demand and low interest rates”
The document you shared mentioned in the FIRST line, the growth will SLOW down not a crash.
I've been waiting for houses to go for pennies on the dollar. Now if I can only get people to accept my offers. We will always need affordable housing in any market, especially now that inflation is here to stay. People looking to buy are now being forced to rent at a much higher rate and save less. I can see Biden eliminating tax loop holes like MTG interest to bring US in line with the rest of the world and taxing entities.
Not astonishing — this is what happens when government gives free money away — and people get lazy and don't want to work–lol.
Those people better figure it out quick the money tree has ended
People are starting to norice….but they don't fully understand how bad it's getting, yet. They will try to spin/cover this up since it's an election year, but the can't hid fuel and food costs.