Sign Up Today! Download the Experian App or visit http://www.experian.com/credit/credit-cards/get-started - Enjoy! Huge thank you to Jason Oppenheim for coming on the video - Add us on Instagram: GPStephan / JasonOppenheim
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 low 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 2022 REAL ESTATE MARKET:
BUYERS:
It’s difficult to place a “once size fits all” approach throughout everything - although, some markets have already started to see a net decline. In fact, Boise Idaho saw more than 60% of their sellers issue a price reduction, along with 50% of sellers dropping their asking price throughout Denver, Colorado, and Salt Lake City, Utah. As a BUYER - fortunately, you’re in a good position to negotiate, make lower offers on properties that have sat on the market, and - not worry about losing a deal, because - most likely - another one is already listed.
SELLERS:
Realtor.com found that “the share of homes that reduced their list price reached 14.9% in June versus 7.6% a year earlier” - meaning, sellers can no longer ask unrealistic numbers and GET IT…but, even as of recently: nearly 5 offers are being received for every property sold, with more than 50% of buyers still offering over list price.
RENTERS:
Just recently, a Realtor.com analysis found that - in metropolitan cities - rent increases have finally begun to slow down, and - in some locations - EVEN REVERSE - as demand begins to subside. In large cities, rents have simply increased to a price that tenants are unable to pay. Bloomberg noted that, after rents rose almost 12% year over year on the average 2 bedroom apartment…they’ve begun to come back down…with a decrease of 2.9%.
So, overall…it’s definitely apparent that…we are finally beginning to stabilize, and enter a new phase of normal that isn’t just “prices keep rising indefinitely.” From what I can see, mortgage rates have begun to hold firm…and, even decline to 5%…prices are still increasing, albeit at a slower pace, and rents are only going to go as high as tenants can afford.
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
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/
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 low 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 2022 REAL ESTATE MARKET:
BUYERS:
It’s difficult to place a “once size fits all” approach throughout everything - although, some markets have already started to see a net decline. In fact, Boise Idaho saw more than 60% of their sellers issue a price reduction, along with 50% of sellers dropping their asking price throughout Denver, Colorado, and Salt Lake City, Utah. As a BUYER - fortunately, you’re in a good position to negotiate, make lower offers on properties that have sat on the market, and - not worry about losing a deal, because - most likely - another one is already listed.
SELLERS:
Realtor.com found that “the share of homes that reduced their list price reached 14.9% in June versus 7.6% a year earlier” - meaning, sellers can no longer ask unrealistic numbers and GET IT…but, even as of recently: nearly 5 offers are being received for every property sold, with more than 50% of buyers still offering over list price.
RENTERS:
Just recently, a Realtor.com analysis found that - in metropolitan cities - rent increases have finally begun to slow down, and - in some locations - EVEN REVERSE - as demand begins to subside. In large cities, rents have simply increased to a price that tenants are unable to pay. Bloomberg noted that, after rents rose almost 12% year over year on the average 2 bedroom apartment…they’ve begun to come back down…with a decrease of 2.9%.
So, overall…it’s definitely apparent that…we are finally beginning to stabilize, and enter a new phase of normal that isn’t just “prices keep rising indefinitely.” From what I can see, mortgage rates have begun to hold firm…and, even decline to 5%…prices are still increasing, albeit at a slower pace, and rents are only going to go as high as tenants can afford.
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
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/
We need deflation
downsize on your rental until you can buy a or till rent goes down
These titles are getting more clickbaity im about to unsubscribe.
I love your videos but I hate these click bate videos
That white tee shirt is grade A quality
it is insane that you are feeding negativity to people for views. looking back on your channel for the past months every single thumbnail and title is a clickbate negative statement. It is sad that you are choosing to use your influence in this way and I hope that you can cover something positive.
thank you for making this video, I'm in the market for investment property right now and your insight is priceless.
Click bait?
You are only looking at the real estate market and mortgage rates. The US economy is in recession and the idiots in DC are trying to pass another $4T in tax and spend, inflation causing, pork because they need money for the elections. They are also adding massive taxes to the price of oil. Do you think those factors might affect the real estate market? You are too close to real estate. Take a step back and look at the big picture. This is going to be ten times worse than 2008…
Ahhh look, bubu ceying again. Maybe s$p 5k so he can dry his eyes
Anyone that says real estate always goes up was too young or too out of touch during the 08-2012 frenzy. Real estate is cyclical. Always has been always will be. It goes up, it goes down.
Oh well, that's cool. I hope it tanks so I can buy some rentals.
Yayyy!!, eh hem boooo👀
Goddamn I hate your titles.
Love the content though.
So where in the video does it say the largest housing crash is coming? Did I miss something?
But you still look 18 .
The amount of houses on the market is at historic lows!
It’s hard for the housing market to crash when there aren’t that many houses on the market.
Or hard to feel bad for someone that has 10+ homes. There's a house shortage and there's people that own multiple homes and make more then the average middle class person with just the profit of the rent.
Rich person explaining a market %70 of his audience cant even get into with excessive hand gestures… The video.
Why is Graham sitting RIGHT BY that dude when there’s the whole couch to sit on? 🧐
Graham, dude is it two thousand eight. Not two thousand "and" eight. Two thousand eight is 2008. Two thousand and eight is 2000.80. I just cannot let this go any longer.
Don't Ever Buy a House! We've been ran out of our houses twice now from bad neighbors! Invest in something else! Trust me!
🥱👎
Fast talker but truly a voice of reason during this new phase of the housing market… Sick of everyone talking about 50% price crashes like the '07-'12 housing market…