Are Houses Becoming Affordable Again?

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  • čas přidán 9. 09. 2024
  • Let's break down and see if homes are becoming cheaper again!
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Komentáře • 214

  • @nicolasbenson009
    @nicolasbenson009 Před 14 dny +6

    This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.

    • @BridgetMiller-
      @BridgetMiller- Před 14 dny +4

      To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!

    • @Michaelparker12
      @Michaelparker12 Před 14 dny +3

      Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

    • @berniceburgos-
      @berniceburgos- Před 14 dny +4

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @Michaelparker12
      @Michaelparker12 Před 14 dny +2

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

  • @Dave_East
    @Dave_East Před 24 dny +175

    I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

    • @DhanaPayar
      @DhanaPayar Před 24 dny +5

      "Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such taskRead more

    • @Mathew-zs3nz
      @Mathew-zs3nz Před 24 dny +3

      It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @Jasonshelton-
      @Jasonshelton- Před 24 dny +3

      this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @Mathew-zs3nz
      @Mathew-zs3nz Před 24 dny +3

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

    • @JaneBlac-
      @JaneBlac- Před 24 dny +2

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

  • @Prophezora
    @Prophezora Před měsícem +20

    Its not just the mortgage its the insurance and taxes, heating/cooling etc...its crazy high prices.

    • @FeliPeltier
      @FeliPeltier Před měsícem +4

      A lot of first time home buyers don’t know this (or even if they do they don’t fully realize the implications) and they jump in and get burned.

    • @eheheh3263
      @eheheh3263 Před měsícem +2

      @@FeliPeltier yep, everything went up

  • @civicsport702
    @civicsport702 Před měsícem +69

    "If rates drop, people will enter the market" new home builders are offering interest rates way under market value, but those house are still on the market. People are not going to enter the market, because they want to see how low will prices go. They dont want to catch a falling knife

    • @boot-strapper
      @boot-strapper Před měsícem +13

      Plus if you do buy and go negative equity you can’t refi even if rates drop sharply

    • @sripalsama
      @sripalsama Před měsícem +7

      They are offering 1 or 2 ye rate buy down, not for total 30 ye term.

    • @JavyVidana
      @JavyVidana  Před měsícem +28

      Yeah bro but those new builds are in the outskirts and have been having QC isssues. They’re not perfect

    • @bmoreblondie6301
      @bmoreblondie6301 Před měsícem +7

      New home builders are having issues selling that why they offering lower rates. It's cuz they are building huge 800k 900k an million plus brand new homes which most people can't afford let alone qualify for

    • @bmoreblondie6301
      @bmoreblondie6301 Před měsícem +3

      Cheapest brand new single family's in my area start at 800k most are somehwrre in the 900s an there big homes 5000k plus square feet

  • @mayra9682
    @mayra9682 Před měsícem +38

    Here in the Fort Worth, Texas area, house prices are dropping and/or homes are staying longer on the market

    • @colettespencer3357
      @colettespencer3357 Před měsícem

      Homes aren't moving in san diego

    • @FearAnEnd
      @FearAnEnd Před měsícem +2

      I live in Fort Worth and this is true. My neighborhood has 5 homes for sale at this moment and they have been in the market for 2 or 3 months now. Compared to the previous years where they would have multiple offers as soon as it hit the market.

    • @santos2k1
      @santos2k1 Před měsícem +1

      I live in Oklahoma City and looking to move back to DFW. I'm seeing some huge drops sometimes in Forth Worth, i've seen some house prices drop 80k, like the houses that were worth 320k in 2022, are now up to 240 K now.

    • @texasrose31
      @texasrose31 Před měsícem +1

      Yup…I’m looking to buy but just decided to wait till Jan

    • @JayConnects
      @JayConnects Před měsícem +1

      Waiting for Denton County to drop 🤞🏾🤞🏾🤞🏾

  • @Mad-i134
    @Mad-i134 Před měsícem +76

    Inland Empire área crapy house 1,200 square feet one story, 2-3 bedroom 1-2 bath $400k-$425k just doesn’t make sense to buy with payments of $2,500-$2,700 ugly yard, need work, etc.

    • @kmyymk2
      @kmyymk2 Před měsícem +2

      I've seen worse than that same area

    • @jsperez240
      @jsperez240 Před měsícem +1

      That’s cheap in Murrieta/Temecula 3bd 2bth are $600k+

    • @Mad-i134
      @Mad-i134 Před měsícem

      @@jsperez240 ohhh heck nooo!

    • @andrewlozano8828
      @andrewlozano8828 Před měsícem +2

      @@Mad-i134you think that bad riverside 700k+

    • @dan-qe1tb
      @dan-qe1tb Před měsícem +1

      It would make a great deal of sense to me to fix a place up at that price. Cheapest house in Riverside is $450k on Zillow

  • @joseCalderon1976
    @joseCalderon1976 Před měsícem +15

    Nothing is more affordable, including all these overpriced homes. They need to go 30% lower. And then that 30% might not be much in some areas 😢

  • @kosmiccandie
    @kosmiccandie Před 28 dny +2

    We put our house for sale and we sold it in 11 days overasking. It just depends where you are buying.

  • @luck9837
    @luck9837 Před měsícem +38

    In my area Builders are offering full closing costs and a 4% fixed rate and nobody is buying, lower rates will do nothing at least in my area

    • @Topofthehill777
      @Topofthehill777 Před měsícem +4

      What area are you in?

    • @j.l.salayao8055
      @j.l.salayao8055 Před měsícem +2

      America 🇺🇸

    • @josh_cameron
      @josh_cameron Před měsícem +1

      @@Topofthehill777facts. Those houses are probably way overpriced. $600k+ i bet

    • @Jaystonishing
      @Jaystonishing Před měsícem +5

      It's 4% for the first year... then market rate.. I know because I went in interested..

    • @johnsolo1439
      @johnsolo1439 Před měsícem

      My area it’s 4.99 and nobody is buying

  • @angelavelazquez2166
    @angelavelazquez2166 Před měsícem +8

    Downtown Prescott, AZ prices of homes under $500,000 are not budging. Fixer upper homes originally listed over $800,000 are selling for $500,000.

  • @kristen7623
    @kristen7623 Před měsícem +3

    So interesting…in my area (Fort Collins, CO) condo prices have dropped significantly and HOA fees have increased significantly. So it’s still looking more expensive overall than last year

  • @johnycane
    @johnycane Před měsícem +14

    Where I'm at in DFW the list prices have dropped, but that causes bidding wars that drive up the cost past where the higher list prices were a few months ago

    • @goodyangie1
      @goodyangie1 Před měsícem

      What area? In I'm plano

    • @santos2k1
      @santos2k1 Před měsícem +1

      I have a feeling the bidding wars won't happen this time around, economy isn't doing so well plus people don't have that FOMO pandemic like previously. Only way i think this will continue is if more NYers and Califronians keep flooding DFW but still if the houses get cheaper in those states it will lessen demand. At least in Ft worth the prices are dropping alot

    • @johnycane
      @johnycane Před měsícem

      @@santos2k1 I am watching the bidding wars happen in my neighborhood...there's not a question of whether or not they will, they are happening

    • @AGallegos288
      @AGallegos288 Před měsícem

      @@santos2k1 Been putting offers on houses, and the good ones still get 4+ offers!

    • @waltersobchak7759
      @waltersobchak7759 Před měsícem

      This is not true lol.

  • @bayarearob
    @bayarearob Před měsícem +4

    Bay area and tri valley has always been crazy, but damn

  • @lyannastark628
    @lyannastark628 Před měsícem +2

    I've been obsessively tracking the MLS in areas I'd want to live for the past 8 months. Only looking at houses I'd actually want to buy primarily so I can get a realistic sense of whether or not I can get what I want in my price range. I had thought our market had stabilized, but I am seeing this month, that for the first time, almost every house I'm tracking is having significant price reductions. The only ones that are selling really quickly are the ones that are essentially perfect and also decently priced. I'm still probably going to wait until next year but it's been an interesting process to track.

  • @as17ns22
    @as17ns22 Před měsícem +15

    Hey Javier. Great videos. One idea for a video that would be interesting to hear your perspective on is when is it the right time to refinance? Say you bought a year ago at 7%, and now you can get a rate closer to 5%. Should you refinance? My perspective is coming from Canada which is a little different from the US in that we have different options for mortgages. Variable and fixed, and fixed rates are usually for 3 or 5 year terms. Usually terminating a mortgage before the end of that term will result in a pretty significant penalty (usually known as the interest rate differential). This is added complexity that you don't need to address in your video, but curious to hear what you think on when someone should consider refinancing when interest rates seem to be coming down.

    • @CptnCobblestone
      @CptnCobblestone Před měsícem

      Following this. I’m also at 7 and would like to refi at 5 but have a second loan at 15k to pay off first. I kind of screwed myself there. Also have to have a down payment when refinancing.

  • @grumpyschnauzer
    @grumpyschnauzer Před měsícem +4

    Just as I'm listening to you I had to lay on my horn because some driver was being totally irratic... and so that leads me to an observation I've notice. A lot of for sale signs and lease signs are going up... multiples on a block. The prices are about $100k higher than what was comparable last August for the same type of place in a better area. The only thing is there really isn't much going up in the desirable areas abd more going up in the ghetto areas... so just something I've noticed in my metropolitan suburb.

  • @HiddenAgendas
    @HiddenAgendas Před měsícem +4

    500k in interests is criminal

  • @AlVelasquezDrums
    @AlVelasquezDrums Před měsícem +12

    This resembles 2008, but with 1 major difference… corporate & Airbnb’s home investors didn’t exist. Many of my friends currently have mortgages at 2.5%. The only way they say they will consider selling is if they receive huge offers and then buy smaller homes with cash. I’m concerned that lowering the interest rate will add fuel to Home price inflation fire. Only distressed home owners will sell.. and since so many are locked into low interest rate homes… I’m sorry to say I feel the Fed will need to keep the interest rate where it’s at until Dec.
    if that occurs, I’m convinced prices will drop but many will be out of work. That’s what the Fed meant by “pain” last year. Move slowly and with caution. PS. Buy Down @ least 1 point on your mortgage & make sure the mortgage agreement DOES NOT have an early pay off penalty. Knowing just this will save you thousands.

    • @brandondurant1381
      @brandondurant1381 Před měsícem +1

      Why buy down points? Wouldnt it be better to put that money into the market instead and just refi should rates drop in the next couple years? (if they do)

    • @AlVelasquezDrums
      @AlVelasquezDrums Před měsícem

      @Javiervadina , thank you. I’m not looking for more homes. I’m just wanting to share experience with those who didn’t own a home in 2008 or 1998. No one discusses the 1998 home crash since it was dwarfed by 2008. PS. I started keeping the general ledger for my dad’s business in 1978. My dad purchased his 1st new home then. Fed chair Volker had raised rates. The home was purchased at 18%. It cost $70,000 or $1000 per month. That was an insanely high mortgage then. Our previous rent was $300 (but was being raised ever 6 months) .I had no concept what all this really meant but I knew there was a
      Lot of family financial pressure month to month . Decades later, I recognized that particular huge interest rate hike pulled our country out of a financial death spin. I’m afraid many young people aren’t aware or prepared to truly understand the possibility of a long interest rate hike. I don’t feel superior for having lived through this… I’m just in a unique position to have kept financial records since 1977. 🙏🏽.

    • @AlVelasquezDrums
      @AlVelasquezDrums Před měsícem

      @@brandondurant1381 , a mortgage at $400,000 at 7% = $958,000 total pay out. Buying down one point if $4000 is 6% at $400,000 total payout = $863,000 pay out. That’s a guaranteed $95,000 savings on payoff of a home not including a $200 per month lowered mortgage. Just consider investing that extra $200 each month in stock for the next 30 years. It doesn’t have to be all or nothing. You can do both. 🙏🏽

  • @austinbar
    @austinbar Před měsícem +7

    I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

    • @eloign7147
      @eloign7147 Před měsícem +8

      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.

    • @rogerwheelers4322
      @rogerwheelers4322 Před měsícem +5

      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
      @joshbarney114 Před měsícem +6

      This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

    • @FabioOdelega876
      @FabioOdelega876 Před měsícem +5

      @@joshbarney114 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
      @joshbarney114 Před měsícem +6

      I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @leosotelo5119
    @leosotelo5119 Před měsícem +2

    A house around my block in oc was listed for $840k and sold for 930k this week. maybe in bad areas we will see prices go down.

  • @Truthisauthority
    @Truthisauthority Před měsícem +2

    Just lost a bid this morning in the dc area. You still have to go over asking and wave all contingencies.

  • @jesterj8526
    @jesterj8526 Před měsícem +1

    Mmm I think it’s time to go after Airbnb or have some look over the restrictions rules of property and land ownership in the local areas

  • @Shaimun
    @Shaimun Před měsícem +3

    Not in South FL. ugly ass houses are still being sold for 400k and the decent priced home have a stupid high amount of HOA per month. South FL sucks. Palm beach county area still has these absurd prices.

    • @rilesw7576
      @rilesw7576 Před měsícem

      Central FL is finally starting to level off, but prices are still not dropping by much

    • @jasonsargent5030
      @jasonsargent5030 Před 22 dny

      West Palm Beach here!! Prices are holding and hopefully going to keep rising!! 😃

  • @Sparkles4me
    @Sparkles4me Před měsícem +4

    In NYC and NJ prices are down max 10k but still expensive and property taxes are ridiculous high

    • @sewerrat7612
      @sewerrat7612 Před měsícem

      Prices are dropping more in poor areas like Camden in nj now so thierr are some affordable homes at least still double what they were a few years ago

    • @sakurauchiha03
      @sakurauchiha03 Před měsícem +1

      ​@@sewerrat7612 who wants to live in Camden, NJ.....?

    • @yepdontcarebud
      @yepdontcarebud Před 29 dny +1

      ​@sakurauchiha03 you don't LIVE in Camden NJ.. not for long at least 🔫 lol

    • @sewerrat7612
      @sewerrat7612 Před 27 dny +1

      ​@yepdontcarebud not sure why it's reputation is that bad it's not wonderful but thier are worse places in jersey

    • @yepdontcarebud
      @yepdontcarebud Před 23 dny

      @@sewerrat7612 welp idk what to tell you other than you're flat out wrong lol they've had the highest violent crime rate of any city in NJ for decades, among the highest in the country in fact.
      It's a 3rd world country.

  • @future62
    @future62 Před měsícem +13

    Rates dropping will be good.... market is tight because people dont want to let go of their 3-4% mortgages. Lower rates will unlock inventory and keep prices from skyrocketing.

    • @coronadrvr9863
      @coronadrvr9863 Před měsícem +4

      Keep prices from skyrocketing? They sky rocketed years ago here. 40% higher than what they should be….

    • @NoNo-ng9sl
      @NoNo-ng9sl Před měsícem +1

      This is tone deaf. Rates come down when the Fed has to stimulate the economy. This caused inflation. This idea that lowering rates will help affordability is completely ignoring the other things it affects. If and when rates come down? Expect everything else to go up. This is the worst part of lowering rates so people can access cheap credit.....it's the catalyst for inflation.

    • @future62
      @future62 Před měsícem

      @@NoNo-ng9sl inflation generally drives rates, not the other way around. We saw this in the ~40 years right before COVID, and we are seeing it now after the Fed acknowledged inflation wasn't "transient". So I am not suggesting that the Fed should pull out the floor on interest rates. Just that if rates can continue coming down naturally thanks to lower inflation, we will get the sweet spot of lower rates and lower home prices, which means more affordability.
      The real fix for affordability in the US though is just to build more housing... which again would cool inflation by matching supply and demand better.... prompting the Fed to lower rates.... and increasing affordability. It's all connected.

    • @NoNo-ng9sl
      @NoNo-ng9sl Před měsícem

      ​@@future62😂😂😂😂 There is no incentive to build more when everything costs more. The stake holders are fat. There's no reason to just build more to lower their margins.
      This is the issue folks. You cannot commoditize housing and expect the market dynamics not be applied.
      You cannot inject cheap money like we did in the last 4 years and magically believe inflation isn't the result. This is the reality. Housing will not be affordable anymore so long as it is tied to investment portfolios. There's no reason to "build more" as boomers will be dying.

    • @NoNo-ng9sl
      @NoNo-ng9sl Před měsícem

      ​@@future62to be clear. In this asset inflated environment we're in. You either want cheap debt and inflated assets (benefiting the highest income earners). Or you allow "normal historical" rates to do their thing.
      Pick your poison. Continued asset manipulation from cheap rates. (This is whats affevting Japan)....Or allow some actual accountability in terms of risk under normal rates. Either way, a segment of the world is screwed. Housing is super commodotozed now. Allow it to correct instead of allowing a bubble to continue.

  • @boatscrypto5856
    @boatscrypto5856 Před měsícem +4

    Not even close… gotta be another 30-50% decrease

  • @user-ob4em4ge6c
    @user-ob4em4ge6c Před 26 dny

    Home values are declining rapidly in Florida and Massachusetts. Sad days ahead.

  • @TheFishingExperience916
    @TheFishingExperience916 Před měsícem +9

    Soon your going to need a real-estate lawyer to help you make a contract with a real-estate agent in order to not get burned on that end before you get burned on a house purchase

    • @empress_me
      @empress_me Před měsícem +1

      DING‼️ DING‼️ DING‼️💡

  • @mishellharkey5885
    @mishellharkey5885 Před měsícem +2

    Can't wait to hear this news!!🎉

  • @dm1660
    @dm1660 Před 18 dny

    New home builds are already offering like 3.9-4.9%. Even with good rates these houses are hardly moving. Prices have to drop

  • @PersonalBeautyLab
    @PersonalBeautyLab Před měsícem +3

    It’s still tough in Chicago. We have ridiculously low inventory. Most of the homes that come up for sale are estates in fairly rough condition at about 500k. To boot, we also have exorbitantly high property taxes. So, if we buy one of these half a mil fixers that last sold for 200k 20 years ago, the property taxes reassess to about 8-12k a year depending on the area. Don’t even get me started on move in ready homes. Those are still going over asking with appraisal gaps. Cries from Chicago….. 😢 I’ve been looking for two years… and prices are going nowhere but up. Just sharing since you were curious. I see some of those Arizona homes you pull up and get so sad. Our homes are tiny raised ranches, or cape cods with knee walls on the second floor where you can’t even stand up straight. Or Georgians with tiny bedrooms and closets the size of my middle school locker. Okay… I’m done ranting (not really).

    • @tamarastone141
      @tamarastone141 Před měsícem +1

      Well..maybe consider coming to the burbs??? Bigger houses , safer, taxes are a bit lower.

    • @byungs
      @byungs Před měsícem

      chicago prices never get too high or too low, compared to other large metro areas. yes, you can get a much bigger home in AZ or another smaller metro but overall it's not terrible. also, property taxes are high as a percentage (and they do keep getting higher, which is a huge issue), but when you factor in the home price, they're usually right in line. a nice townhome in LA or seattle would be nearly $1M where as it would be $400k in chicago metro; and even with a 2% prop tax rate in chicago, it comes out to about the same with CA or WA taxes at 0.75% and 0.8%.

    • @PersonalBeautyLab
      @PersonalBeautyLab Před měsícem +1

      @@tamarastone141 we would love nothing more, but we have city workers in our family and are landlocked.

    • @PersonalBeautyLab
      @PersonalBeautyLab Před měsícem

      @@byungs this is a great point when considering total cost of living. The only catch I see is that Chicago salaries don’t track with these totals. Seattle and LA both have nearly double the average household incomes. Chicago’s median income depending on the area is below 80k/year.

    • @tamarastone141
      @tamarastone141 Před měsícem

      @PersonalBeautyLab I totally get it...I have city workers in my family as well...

  • @perezfamilyadventures3514
    @perezfamilyadventures3514 Před měsícem

    3 months ago the national mortgage rate hit 8 percent. It’s 7.5 percent now…. What’s the difference because it’s still high!

  • @jbcomics88
    @jbcomics88 Před měsícem

    Nice, finally got some information on Avondale. I have seen prices drop but the houses are still more expensive, too expensive if you ask me.

  • @RichieRage
    @RichieRage Před měsícem +1

    Not in California.

  • @danielacostanues
    @danielacostanues Před měsícem

    Thanks for keeping it real

  • @idris5416
    @idris5416 Před měsícem +1

    There are no affordable homes except few urgent seller. Home prices will rocket when interest rates lower.

  • @Arizona_lilly
    @Arizona_lilly Před měsícem +4

    I’m here in Arizona if we can get under 300k for a single family home. Then we can make other

    • @Nournourhayati409
      @Nournourhayati409 Před měsícem

      Give me 325 k I'll sell you my single family home directly from me as an owner by using Title company they do all the paper work and save a lot of money
      i am in winter park FL 15 min away from downtown orlando .
      1074 Hamlet Dr Maitland, FL 32751
      Zillow FSBO

    • @zakaryperrin7126
      @zakaryperrin7126 Před měsícem

      AZ is in a rough spot in Phoenix

    • @chelechillen7848
      @chelechillen7848 Před měsícem

      You can find that in Maricopa. Maricopa has the cheapest newish houses that are close to Phx metro

  • @blakejackson8097
    @blakejackson8097 Před měsícem

    For the time being? The price is going to implode! Rate cuts will only come when a recession hits. That way everytime. You will have the FOMO buyers jump in at first tiny rate cut, but they will be bag holders.

  • @matthorvath9951
    @matthorvath9951 Před měsícem

    housing in my area doubled or tripled in the last two years, The median wage did not. it is going to take a long time before houses become "affordable" again. and this is a small town in Montana with less than 10k people.

  • @whyworkwhenicanrap6830
    @whyworkwhenicanrap6830 Před měsícem +1

    Maybe where you from look at houses in Austin Texas
    Or Houston Texas
    Or Dallas Texas
    Katy Texas
    Cypress Texas

  • @fisforfriendship6093
    @fisforfriendship6093 Před 28 dny

    Isn't higher intrest better since ur amortization monthly principle payments are lot lower and tho intrests r high u can write off up to 750k of total intrest including property tax and I believe home insurance for the duration of the loan. Principle payments would provably go up by 500 a year but so does inflation pay. If I'm not mistaken morgage lowers ur taxable income lowering taxes owed if ur in a high tax bracket potentially. Don't see a down side to morgages as long as the money ur saving monthly from it is making money like intrest from cd and or stocks for example or even 401k which also lowers how much u r taxed as well as compounds ur investments Inside of it that could pay off all if not most if u retire In 30 years. Just make sure u know u will have enough money to pay principle every month and keep ur debts low as possible just incase

  • @user-ls8le1nu9p
    @user-ls8le1nu9p Před měsícem +1

    I'm trying to buy a house in Dallas, Im not sure if its the right time but, I got preapproved for 6% and I gotta only cover Escrows is this good?

  • @18564864
    @18564864 Před měsícem

    I live in northern va. For 350k you can maybe get a 2 room condo.

  • @Zorkrum
    @Zorkrum Před měsícem +1

    *looks at the market and sees no difference in my area*

  • @chelechillen7848
    @chelechillen7848 Před měsícem +1

    Have any videos for cash buyers? I'm here in Maricopa County and looking to sell my central phoenix home and possibly moving to Buckeye/further west. My current house is paid off and per recent comps looks like I can roll that into another house 100%

  • @jer1776
    @jer1776 Před měsícem

    Houses are still up double digits in CT. Im sure rates falling is not gonna help prices at all.

  • @stevesmith-zf8dp
    @stevesmith-zf8dp Před 10 dny

    The answer is no..moving to Albuquerque and on average the houses are 100k more than they were 5 years ago...so no not "cheaper".

  • @GameHEADtime
    @GameHEADtime Před měsícem +1

    Home don't solve problems. I own one. I want one a lot more different then the one I own to solve a problem...

  • @bmoreblondie6301
    @bmoreblondie6301 Před měsícem

    I don't think they'll ever go back to what it was. I think if they do go down they still will be over priced

  • @jonathancalle8086
    @jonathancalle8086 Před měsícem

    Funny USA Map Buddy! lol

  • @adamfranco1987
    @adamfranco1987 Před měsícem

    % rates go down
    🏡 prices go up
    Basic math

  • @marcelrodriguez2067
    @marcelrodriguez2067 Před měsícem +3

    Under 5% interest and maybe ill even attempt to look.

  • @darksideofthemoon19
    @darksideofthemoon19 Před měsícem +1

    Rates can go higher and still ppl buying cash in my neck of the woods lol I don’t get why it keeps going up…..CA

    • @dan-qe1tb
      @dan-qe1tb Před měsícem

      A lot of the buyers are richer than you?

  • @ThatCarGuyEddie
    @ThatCarGuyEddie Před měsícem

    Javi I need advice from someone unbiased. I’m in contract to buy a new house conventional @5.75
    I’m trying to determine if I should stand firm and get it or rent (sac Cali) and save some money and wait for the rates to drop?
    I’m not sure I can afford it it’s 51% dti right now family of 5 single income: renting I’ll be saving$800 a month
    Help

  • @emilo81
    @emilo81 Před měsícem +1

    No affordability is still out of reach for millions of Americans.

  • @lilshaz8378
    @lilshaz8378 Před měsícem

    Just saw a 1.1 million listing. Price drop of 100k. Yeah, no.

  • @Foxy_Fabrications
    @Foxy_Fabrications Před měsícem

    How would you estimate the cost of a new build community that is going up? I think that's an interesting question. I am trying to predict the cost of a community going up in early 25 in my area so I've been stalking their other communities and averaging the prices and median home price

  • @slegentus
    @slegentus Před měsícem

    New builders will offer more incentives to stay competitive

  • @-Nick-T
    @-Nick-T Před měsícem

    I think this is an interesting take. I always assume affordability relates to what's in my wallet

  • @Uncle.Papi.1129
    @Uncle.Papi.1129 Před měsícem

    Homes are still way OVERPRICED, especially in SW Florida.

  • @JoshAllen99
    @JoshAllen99 Před měsícem

    Just bought in Lithia Fl

  • @barch118
    @barch118 Před 28 dny

    Rent is still out of control

  • @johnsolo1439
    @johnsolo1439 Před měsícem

    No. To answer the question

  • @TimbercraftOutdoors
    @TimbercraftOutdoors Před 23 dny +1

    Make $200k homes $200k again

  • @EricaWaters-lr6zw
    @EricaWaters-lr6zw Před měsícem

    I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?

    • @ChloeCarter-kd7gz
      @ChloeCarter-kd7gz Před měsícem

      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.

    • @LeahLewis-ny9iu
      @LeahLewis-ny9iu Před měsícem

      You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.

    • @AshleyKeith-vw7ws
      @AshleyKeith-vw7ws Před měsícem

      Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.

    • @LeahLewis-ny9iu
      @LeahLewis-ny9iu Před měsícem

      Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.

    • @ChloeCarter-kd7gz
      @ChloeCarter-kd7gz Před měsícem

      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.

  • @t83ndnsk3k
    @t83ndnsk3k Před 13 dny

    Financial conservative thinking will always save the day. You can’t help others if you can’t help yourself

  • @Rjisawake
    @Rjisawake Před měsícem

    What if you paid over 500k, and it's now worth 250k lol yikes

  • @TheMostSlyFox
    @TheMostSlyFox Před měsícem +6

    250k is a shitty 1500sq ft home in rural Michigan lmfao still 2x what its worth

    • @dan-qe1tb
      @dan-qe1tb Před měsícem

      Well, the problem with renting is, you never get rid of it.

    • @MichaelOrtega
      @MichaelOrtega Před měsícem +1

      You’re calling 1,500 sq ft shitty? Most of the World have homes under 900 sq feet … has the US become so obsessed with 2,500-5,000 sq ft McMansions? No need for so much space if most of you aren’t even having children anymore 😂

  • @matthewhernandez3202
    @matthewhernandez3202 Před měsícem

    Does he have a twitch

  • @jhonatanmiranda5289
    @jhonatanmiranda5289 Před měsícem

    No one is saying house are getting cheaper lmaooooooo

  • @21cesarwill1
    @21cesarwill1 Před 24 dny

    😂 okay

  • @NianLisa
    @NianLisa Před měsícem +6

    I was a stay at Home mom 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, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @jeffbox1torres
      @jeffbox1torres Před měsícem

      I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.

    • @DannielleRosales
      @DannielleRosales Před měsícem

      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 Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

    • @user-if8hq9kg4p
      @user-if8hq9kg4p Před měsícem

      This is interesting. I heard a lot about the same person not long ago, please how can I contact her?

    • @NianLisa
      @NianLisa Před měsícem

      SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

    • @NianLisa
      @NianLisa Před měsícem

      @Infurnaevely1

  • @gozu9455
    @gozu9455 Před měsícem

    I like it when daddy gives random kisses 😳

    • @gozu9455
      @gozu9455 Před měsícem

      @Javiervadina hi fake daddy can you give me kissed too

  • @norbelsemaj3870
    @norbelsemaj3870 Před měsícem +5

    I Told You Guys.
    The House Market will Fu*kin Crash.
    Even this Guy Talking in CZcams can't even pay 1 Million dollars for a Home.
    $250- 300k is the Price. More that that is just too much

    • @SuperBrownsugar95
      @SuperBrownsugar95 Před měsícem +1

      How does that warrant a crash if demand outweighs supply

    • @anonyghost7422
      @anonyghost7422 Před měsícem +2

      @@SuperBrownsugar95 bots man, they have no common sense

    • @jimmyjay689
      @jimmyjay689 Před měsícem

      Go to an East Coast town or Cali...ur not close

    • @norbelsemaj3870
      @norbelsemaj3870 Před měsícem

      @jimmyjay689
      On California, Travis Scott - Kanye west is there and In East Coast Jay Z and 50 Cents is there.
      That's Why it will never be go Down because it's fuLL of Celebrity in those area.

    • @norbelsemaj3870
      @norbelsemaj3870 Před měsícem

      @anonyghost7422
      Your Brain is Bots Like your President Biden 🤷‍♂️
      Do your Research, alot of Places is already dipping.
      Don't tell me, People still can afford 1.2 Million, Who can afford that ?
      Only Ryan Garcia able to able to afford that!

  • @kpeezy776
    @kpeezy776 Před měsícem +1

    This video is completely useless to me then. You said it yourself at the beginning. You can only compare prices in your area to prices in your area.
    So you looking at the Time Machine for three random houses somewhere in AZ is useless info to 99% of the people looking at the market elsewhere

    • @JavyVidana
      @JavyVidana  Před měsícem

      Well it’s useless to everyone with that mindset. You can’t expect me to pull up every single city in the US. As I said in the video, it’s valueble to know what specific questions to ask.

    • @Hans-de8du
      @Hans-de8du Před měsícem

      it’s a concept he’s showing, he never said he would make a video for you specifically. you can only lead a horse to water…