ZILLOW: Something VERY WEIRD is Happening in The Housing Market

ZILLOW: Something VERY WEIRD is Happening in The Housing Market
Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as ​home sales, ​home prices, ​inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the ​real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.

Some Trends to Focus on:
​Home Sales: This data reflects the number of residential properties that have been sold within a specific timeframe. It helps gauge the level of activity and demand in the market.

​Home Prices: Information on home prices is crucial as it indicates the value of properties and helps track trends in appreciation or depreciation. It may include average sale prices, median prices, or price per square foot.

​Inventory Levels: Inventory refers to the number of homes available for sale in a given market. Tracking inventory levels helps determine market supply and demand dynamics and whether it is a buyer's or seller's market.

​Days on Market: This metric measures the average number of days it takes for a property to sell after being listed. It can indicate the speed at which homes are being bought and provide insights into market competitiveness.

​Mortgage Rates: Knowledge of current mortgage rates helps buyers and sellers understand the cost of borrowing money for purchasing a home. Fluctuations in rates can impact affordability and buyer demand.

Foreclosure Rates: This factor highlights the number of properties in foreclosure or at risk of foreclosure. It provides insights into the health and stability of the housing market.

Market Trends: Market updates often include analysis of emerging trends, such as the popularity of certain neighborhoods, shifts in buyer preferences, or changes in housing preferences due to external factors like remote work.

Local Market Data: Housing market updates may also include data specific to a particular city, region, or neighborhood. This helps individuals evaluate the local market conditions and make more informed decisions.

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Helpful Links:
1. How Much Interest Really Cost Calculator
2. How Much Can You Afford Calculator
3. Debt to Income Ratio Calculator
4. Amortization Calculator

Data Source:

#mortgagerates #realestatenews #housingmarketupdate

My Personal BIO, OUTSIDE of Real Estate Mindset:
Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036

Travis Spencer
TREC Provider #10299

Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

[rntt]

I'm very worried about the future, in general. People do not understand how bad things are going to get for the average American.

[dustindimmick]

Listing in utah are at 2019 levels... and no one is buying... price cuts everywhere, days on market going up... it's starting

[hood]

Something has to give. One thing I’ve noticed is that people are pricing their homes in my area as though 2023 was another +15% year. Many new listings have the “Zestimate spike” that show how delusional some of these sellers and realtors are.

[jacobruffcorn]

The ad right below this video is a real estate ad saying “how much you could lose by waiting to buy”… just despicable

[marthacaldera]

I have been looking to buy a home. All I see fixer uppers that Flippers bought at a cheaper price and now they want to sale them as is with out restore them.

[jonathantaylor]

Just like housing construction equipment went nuts over the last few years... but I got a text this afternoon "Hey, just wanted to see if you were interested in any new equipment, we have inventory now"... this from a dealer where you had to order and wait 8 months for equipment not all that long ago. Times are changing.

[carolynlamuniere]

I hope the speculators lose everything. They symbolize the greed that has been marking the housing market. The average American needs a fair chance. it is time to restore, old house have a soul that new houses don't.

[fuzzycraptastical]

I don’t think that many are forced to sell yet… at least not in my area. I sold a few months ago, not because I had to, but because I wanted to cash in on the equity, anticipating a market collapse at some point. I wanted to cash in on the equity and sit back and hopefully find the right property to buy with the cash eventually. I am looking for a very specific type of property and renting in the meantime has opened me up to being able to sit and wait. It was a very calculated move on my part.

[lakelvp]

I am overseas and watched mainstream media yesterday. The housing cheerleaders on CNBC were hilarious! It's like opposite day all the time now. Thank you, Travis, for your voice of reason.

[joeenglert]

I notice that there are quite a few sellers that, instead of lowering the price of their home, that is not selling..they take if off the market instead...don't know why, but that seems to be a common thing lately

[Korre]

Prices are dropping in Greenville SC finally

[eyeinsee]

Travis you beautiful son of woman!! 13 foreclosures in my neighborhood I never knew!!!

[SirCarlosMusicBMI]

If everyone in this Country would watch your channel then they would know 💥❗️
Thank you Brother Travis for sharing this information. Blessings, Carlos ✝️🙏❤️😊🇺🇸

[MrComerford]

This will end very badly for many people.

[Anti_u]

Thanks so much for showing Las Vegas. I was looking at this as well and am renting and just waiting patiently.

[TinkerToFIRE]

Utah must be behind on foreclosure filings on Zillow. Prices are impossible to sustain, over priced by 30-40%, yet there are zero foreclosures listed.

[Shuguiis]

Yes is weird that price’s are still elevated 😂

[backrack]

I dont see a way to access forecloses via the app. Mayne its only available on desktop.

[eemapalmer]

I've seen forclosures in part of California going down 50% in price recently, however they are in wooded areas which means fire insuance is an issue.

[joshuad]

Isn't zillow months behind with their information? I mean, I see, stuff for sale that sold, well passed Pending, completely sold and zillow will still list it for sale. Timely information is Is very important in any market