Lets talk about the current state of the housing market, where real estate prices are headed, and what this means for the future of values - Enjoy! Add me on Instagram: GPStephan | INVEST WITH ME HERE: http://www.creatorproperties.com/
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HOUSING STARTS:
When it comes to this, the chief economist of First American was quoted as saying: “Builders are responding to the decline in affordability and cooling demand by building less, but a slowdown in construction is concerning because the U.S. continues to face a housing shortage. We need more homes, not less.”
BUILDING PERMITS:
In places like Dallas, it was said that: “A combination of supply-chain challenges for builders, higher mortgage rates, inflation, higher building materials costs and labor shortages, and general economic uncertainty are some of the reasons being cited for a slowdown in construction.”
NEW LISTINGS:
It was just reported that: “The supply of homes for sale jumped 9% last week compared with the same week one year ago,” according to Realtor.com. Redfin ALSO found that “new listings rose nearly TWICE AS FAST as they did just one year ago.”
HOME AFFORDABILITY:
A report from Black Knight Research found that “the monthly principal and interest payment on an average-priced home, by a buyer who puts 20% down, has gone up by roughly $600 —44% — since the start of the year”…and, this is a major deterrent preventing more people from entering the market…just consider this.
HOME SALES:
As of the other day, the MEDIAN price to buy a home just broke $400,000 for the first time ever, in history, representing a 14% increase from the year prior…and, even then…”Eighty-eight percent of homes sold in May were on the market for less than a month.”
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For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham
Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
HOUSING STARTS:
When it comes to this, the chief economist of First American was quoted as saying: “Builders are responding to the decline in affordability and cooling demand by building less, but a slowdown in construction is concerning because the U.S. continues to face a housing shortage. We need more homes, not less.”
BUILDING PERMITS:
In places like Dallas, it was said that: “A combination of supply-chain challenges for builders, higher mortgage rates, inflation, higher building materials costs and labor shortages, and general economic uncertainty are some of the reasons being cited for a slowdown in construction.”
NEW LISTINGS:
It was just reported that: “The supply of homes for sale jumped 9% last week compared with the same week one year ago,” according to Realtor.com. Redfin ALSO found that “new listings rose nearly TWICE AS FAST as they did just one year ago.”
HOME AFFORDABILITY:
A report from Black Knight Research found that “the monthly principal and interest payment on an average-priced home, by a buyer who puts 20% down, has gone up by roughly $600 —44% — since the start of the year”…and, this is a major deterrent preventing more people from entering the market…just consider this.
HOME SALES:
As of the other day, the MEDIAN price to buy a home just broke $400,000 for the first time ever, in history, representing a 14% increase from the year prior…and, even then…”Eighty-eight percent of homes sold in May were on the market for less than a month.”
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
Hey I need a real broker who would help me out
Click bait post. YouTube will need to sort posters like you
Okay, the picture of a baby pigeon is adorable. However, has anyone actually seen one in person 😂😂
Being in the mortgage business in the Midwest all I can say is I am still busy. It has slowed down, no refinances, but the purchase market is still thriving and competitive. Still seeing offers over list price and with appraisal gaps to pay offer price. I guess it just depends on the area. So many buyers are moving here from the east and west coast, and they can't believe what you can get for 300 to 400 thousand. Values are not going to decline here with the demand and the shortage of listings.
Graham Stephen videos have the same video title
This info is dated. I’m in vegas too. Prices are declines here big time. They just aren’t being talked about much yet.
Please don’t stop posting anytime soon. In fact, keep posting as much as you can! Need a distraction
Way to click bait. The title is completely contrary to the content.
Where can i see this building material price chart?
Always Click Bait. And it always feels as if I am being yelled at – the entire video. I have to stop clicking on his videos.
Love your videos but it's hard not to ignore those hands flying all across the screen while you talk
RIGHT AFTER MSM reported Las Vegas prices falling,
RedFin reported 1,250 Price reductions
in the greater valley over
three days…
We're seeing MANY MANY homes,
falling, inventory increasing,
and patience is the
CHALLENGE 🙂
you have it wrong, people are not choosing to rent we are being forced to rent because we cannot afford anything.
This is a REALLY bad video Graham. I'm calling it right now. This is your Jim Cramer moment and I'm gonna laugh when your pivot video comes out
in canada 90 day rates are norm so the hunters have limited time. end of line .
World: something happened like regular
Stephan: xxxx bubble popped
🌚
I’m in california and supply has been increased so much and there’s no more shortage. Also houses are lasting at least a month on the market compared days. Prices cuts are also non stop.
Clickbait 😑
All mortgages are fraudulent investment contracts.
Check out Reventure his data is showing the housing crash has started in markets previously booming from urban migration. Triple digit year over year surging in inventory. Higher inventory means lower prices….it's happening!
Hilarious thumbnail 🤣
Thank god your not speaking as fast in this video! Your last couple videos have been terrible! You were sounding like a robot! I was about to unsubscribe
In the end he says that inventory levels still pale in comparison to a normal market while showing a chart that months supply is at its highest level since 2011. What am I missing here?