The Unstoppable Housing Market Crash (2024 Update)

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📣 Jared Jones, Licensed Real Estate Broker and Owner of Jared Jones Real Estate. He is one of the most experienced agents on the planet with having sold more than 4,000 homes across Las Vegas, Reno, Memphis, and Central Florida. He has flipped more than 200 properties profitably for himself and clients. Despite being very blessed by Almighty God in my Real Estate Career - DO NOT, construe anything I say on Youtube as investment advice. All Video Content is informational only is not to be construed as legal, investment, or tax advice. Seek advice on all of your own personal decisions by reaching out to licensed professionals in your field of investment, in your area, or relating to any other personal matter you are seeking to make a decision upon. Real Estate investing, buying, or selling comes with inherent risks. My opinions are my own.

[SahlMeyers]

In 96 my mother worked for $11 an hour 50 hours a week and was able to get a 48k mortgage on a 1600sqf home from saving $200 a month for 2 years.
Now I make $21 an hour 55 hour work weeks and... I live paycheck to paycheck in Lowe income government assistant housing because renting anything else would eat 2/3 my paycheck. I'll never afford to buy a house

[brandonsheffield]

Its not the interest rate. Its the actual prices. They need to drop drastically so the average wage earner can afford them.

[easyfnmoney]

We drove by 4-5 open houses last Sunday. Not one house appeared to have any visitors at their open house.

[icucmerc]

Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.

[gingerjones]

DEAR FLORIDA CONSTRUCTION,
STOP BUILDING HOA'S. SINGLE FAMILY IS FINE. HOA IS NOT. NO ONE WANTS THE BS OR HASSLE ANYMORE. STOP. BUILDING HOA. ONLY NOW. SINCERELY, BUYERS EVERYWHERE

[prs]

Florida homeowners won’t be able to afford the home insurance and ccd fees.

[Karma]

I got rid of all my debt. It feels good with the economic decline deepening. I will not buy a home now or in 2025. I will rent and watch the housing market burn.

[enoch]

I'm an hour outside of DFW and commute to work. We bought a newer/nicer mobile home on an acre lot. We bought for 210k 10 months ago and have decided to leave the country. Went live a few days ago starting at 202k. Pray for our family that it will sell!

[wannaduckfin]

A few years ago we paid off both our home and cabin mortgages. I'm so happy we did. I saw the scripture 'the borrower is slave to the lender.' And took it to heart.❤

[BradleyJ_FL]

I also laugh when people say that when the rates drop people will buy and drive up prices. New homes are all ready at 5% and no one is buying. You think that when your 20 yo house is at 5 % people will jump on it? Going to be a lot of people in shock. Thanks for your video, stay dry this weekend.

[bvsitephotos]

Counties need to cut back on property taxes, also. This is a hidden lead balloon that is causing many to choke on unaffordability.

[Spaethon]

People are drowning in so much debt these days, even if we see home prices return to 2011 numbers, so many still won't be able to buy.

[julierose]

I live Florida. Yes, lower interest rates are enticing. However, it's the skyrocketing insurance and tax costs that are at an all-time high that holds myself and others off from buying. The housing prices in the Tampa bay region are still holding high, unless you want a real fixer-upper. The majority of employers in Florida are way behind inflation. I lived in Florida through the 2008 realestate market bubble. When you drive down any given street today and see empty stores and empty commercial spaces in high numbers you can forecast seeing a housing market shift. It was the precursor of 2008.

[jayneweaver]

IF you did videos EVERY day OR every other day, you would be #1 or TOP 3 Housing YT creators. Great analysis, video, thank you Jared.

[fritzhussey]

Case Shiller showed that house prices normally appreciate at 2.5% annually, however for the last 8 to 10 years they've appreciated at 11% annually while household wages have not. No amount of propaganda from the industry can solve a math problem. The higher interest rates, coupled with higher insurance costs (especially in Florida), higher maintenance costs and higher property taxes are only going to make the situation worse. Prices will eventually come down, especially when foreclosures increase as banks simply want to get the bad debt off the books. Until this is realized by the general public single family houses sales will remain frozen. Hunker down, the hangover is just starting.

[Music.lover]

Broward County here- inventory increasing rapidly and seeing a lot of price cuts ; many for rent or for sale listings; might delay plans to sell next spring

[tg.]

We need prices to come back to reality. All of the increased taxes and insurance is due to the excessively high prices. Once they come back down then everything else will follow. There are so many families waiting on the sidelines until this market gets fixed. I pray it happens fast.

[ROTALOT]

Cardboard. Lol. My childhood home built in the seventies was cardboard. When I grew up I wouldn't buy anything newer than the fifties.

[MommaKat-knws]

Thank you for this information. I'm still waiting to buy a home in Florida based on the analysis and I currently have a sweet deal renting in Jacksonville.

[jimmyh]

LA is a perfect example lower end houses are sitting for months with occasional price drops but anything over 800k is being sold . I did see a few million dollar houses with big price cuts, and rents remain high but anything affordable gets leased in less than a week…