The Housing Market has experienced some large changes over the months of October, November and December 2020, in this video I go over the price changes, whether the Housing Market Will Crash, or not, and if so, when?
The Housing Market has been rising in the US and in the UK over the last few months, rising by about 1.7% in September, 0.8% in October and similar increases are expected for November.
This is mainly caused by low interest rates, stamp duty/tax cuts, low supply of new homes onto the market and increased confidence.
This increased confidence likely is a result of the recent vaccine announcements from multiple large companies with impressive effectivity ratings.
Theres also been a lot of increased confidence in the stock market which is pushing down onto the housing market. Making a Housing Market Crash look ever less likely.
However, if unemployment rises, which would happen if the support measures in place are removed and the world is thrown into another lockdown, then we would see massive rises in foreclosures worldwide.
This would mean millions of homes flooding onto the housing market, met with reduced demand, which would cause a housing market crash.
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Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#HousingMarket | #RealEstate | #HousingMarketCrash
The Housing Market has been rising in the US and in the UK over the last few months, rising by about 1.7% in September, 0.8% in October and similar increases are expected for November.
This is mainly caused by low interest rates, stamp duty/tax cuts, low supply of new homes onto the market and increased confidence.
This increased confidence likely is a result of the recent vaccine announcements from multiple large companies with impressive effectivity ratings.
Theres also been a lot of increased confidence in the stock market which is pushing down onto the housing market. Making a Housing Market Crash look ever less likely.
However, if unemployment rises, which would happen if the support measures in place are removed and the world is thrown into another lockdown, then we would see massive rises in foreclosures worldwide.
This would mean millions of homes flooding onto the housing market, met with reduced demand, which would cause a housing market crash.
Get a Free Stock worth up to £200 with FreeTrade - https://magic.freetrade.io/join/thomas/c8fb6869
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My Favourite Investing Books;
Rich Dad Poor Dad - https://amzn.to/3gqVJBW
The Big Short - https://amzn.to/2ExjIB5
The Wolf of WallStreet - https://amzn.to/2PgVeyo
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#HousingMarket | #RealEstate | #HousingMarketCrash
House prices and sales still pushing forward for now;
1. Furlough ends 31st March
2. Mortgage holidays ends 31st March
3. Stamp duty holiday ends 31st March (likely extend or over lap)
4. Extended Section 21 tenant notice period of 6 months ends 31st March, will it revert back to 2month notices from 1st April?
5. Stamp duty to increase by further 2% for foreign investors from 1st April
6. Section 24 Landlord tax reaches 100% of (non Ltd company) rental income, from 1st April
7. 95% mortgages coming back even for non Help to Buy Newbuild schemes
8. Fear of job loss, people buying houses now
9. Brexit 1st January, no clarity on EU work visas, 2year window to regulate properly
10. Long term reduction of migration and movement of the UK workforce, result of Covid19 – technology for working at home
11. Inflation, cost of goods, currency value
12. Economic effect of 2020 Covid19 global restrictions on 2021 onwards
13. Higher income taxes will eat away at any savings from less commuting as you work from home more often ('work from home' tax, Deutch Bank wrote an article suggesting 5% tax increase for exactly this in the US)
Reading train station 8.30am 1st October 1 person on the platform. New build HMOs empty in Slough. 15% of our tenants are on Universal credit. I think the HMO market is a great barometer for the market to come. Most affluent areas – West London to Reading huge HQs office workers will get used to working at home.
There is always a recovery, government supported stability with opportunities. Ride the wave. I think we will return to 80% of what we were once used to.
Pensions backed by commercial Real Estate likley take a hit too.
British English 🤦🏻♀️ how difficult ☺️
There has and will be no boom. Take the free 3% to 5% (up to £25,000) that each house purchaser was given to bail out the banks then there has been a crash of monstrous proportions. As soon as this free money stops there will be carnage. If that money had not been given when it did banks would have folded. This is another case of the greedy criminal rich writing checks for themselves for billions of pounds to protect themselves. There plan is now 100% to tax middle England (where 90% tax comes from) until the pips squeak. I got hammered for a 20% loss in 1997 having owned a house for 7 years. Every metric (even the amount of rotting debt) is now 3 times the size of the debt back then. Factcheck this as much as you like.
It depends on region, in my area this month's was the first month with price reduction by 5%.
I’m looking at farms with land in Essex and Suffolk , they have already dropped in price on average for what they were last year .. land to house size area ratio
Another good video Thomas, I really look forward to your weekly update. Everything is very difficult to predict right now, which I think you reflect in your video. We don’t know whether the vaccine rollout will happen quickly and the rollout would have to be global to have a real impact. Also we don’t know what the knock on impact of the lockdowns so far will be.
I think we are getting a taste of what may be coming right now, what with many high street shops going bust, which has accelerated a trend that perhaps would have taken 10 years to play out without the virus.
I fear a lot of other shops, restaurants and pubs will go the same way as many have simply been clinging on by their fingertips.
As ever, the government and the Bank of England / fed / ECB will have a big effect on the outcome and, as yet, we don’t know what they will do. However, history tells us it’s will most likely involve cranking up the printing press again. Richi may even extend the stamp duty holiday to avoid a cliff edge for housing.
If the government let the market stand on its own feet and stopped manipulating the market with help to buy etc, then I think houses would have dropped a long time ago, but no uk government wants to see a housing crash on its watch.
Also, I think many of the businesses who have been government loans that they will have to start to pay back. This could push many to the brink, unless the government changes the terms of the loan and allow the companies to spread the payment over a much longer time period.
Tough one to call IMO
Love it …I think your right !
Hey this one is interesting, keep on posting! Feel free to check our vids about Dan as well in your spare time.
Investors are looking ahead to late spring when small business can resume and grow, and the housing market may help boost the stock market out of the pandemic recession. The record heights for the DOW and other stocks this week reflects Popular Stock Analyst Dr Rodrick Jonathan's summer forecast that the vaccinations would lift the markets. And we’re not even in spring 2021 yet. As good news keep coming out of Moderna, Pfizer, and AstraZeneca, investors will like stocks more. And investors are driving Tesla stock price to ridiculous highs of late, Dr Rodrick Said If the Republicans can block Biden’s tax hikes, agree to a potential stimulus deal in late January, and a cash rich investor pool keeps believing in the US economy for 2021 then we will see new records for the DOW, S&P, NASDAQ and Russell but if not, the market will crash so Dr Rodrick Jonathan warns new stock buyers to be careful as the picture is not clear yet and for now you can only make profit by trading your stock with a strategy instead of panic selling, for me i advice you to multiply the little you have with Rodrick's strategy, i was able to make $60,000 with $10,000 in 3 weeks with his stock trading strategy, reach him on telegram Rodrickjonathan orWhatsApp+1(66O)474-OO3O
I've been waiting for this one!!
Great video Tom! love your Housing Market videos