Housing Supply EXPLOSION COMING IN 2025...HERE'S WHY

Redfin is predicting that the housing market will see a big uptick in inventory by the end of 2025 due to more and more people listing their homes for sale as interest rates come down, but buyers still not coming back to buy because prices combined with rates are still too high. This inevitably will lead to lower prices across-the-board in the US housing market.

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[oneillbilder]

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[alexsteven.m]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[Michaelparker]

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

[tmer]

Housing prices likely won’t drop significantly until supply increases. The U.S. is short millions of housing units and isn’t building fast enough. Demand remains high, and even a small dip in prices attracts many buyers. I’m looking to buy affordable houses in 2024 and maybe invest in stocks. When’s the best time to invest in stocks? Some say it’s profitable, but others warn it’s risky. Any advice?

[cmasters]

The rates wouldn't be bad if the average price of a house wasn't $ 500, 000 and the US wasn't heading to a $ 40 TRILLION national dept.

[Fritz]

If no one has a freaking job, no one is gonna be buying a freaking house!

[dc]

I still remember the government handing out a 10k tax rebate for buying a house in 2008-9. The average cost for a single family house back then was 170, pure insanity when compared to the 430 today!

[jerrycampbell-utyf]

I sold my home 2020 and I've been dollar cost averaging all year long and I've almost maxed out my reserve, so I'm basically waiting for stocks to fully recover so I can break even, but on the other hand, I've been coming by articles on people who are puIIing off recurring proflts of over $150K wlthln just weeks of trades, what am i doing wrong?

[recyclingrevolution]

I bought my house for $66k when I was making 32k. Now my house worth 300k, I should be making $150k in order to buy same house. I make third of that. Something is terribly wrong.

[jeffreybaier]

That's because foreclosures are going to go nuts too.

[wespotter]

A ten percent reduction does not move the needle after a thirty percent rise of the last three years. The market needs to return to pre pandemic pricing for a healthy market to be re.Established

[reginafisher]

I heard a home builder say he was going to stop building houses, he said he's being gouged at every corner on materials, he said it's not even worth it anymore to build a house, what's the cost of everything in the end he can't make any money, without charging an exorbitant amount which no one can afford to get a loan for. So it's done it's over.

[twhitten]

Banks only have ONE PRODUCT = DEBT...
When you hear the words 'Financial Products' or ''Seriveice Industry'...
Equals DEBT... 'Have your Money, work Hard for You, not, you Work hard for your money'...
Equals DEBT.
GET IT YET?

[powerseostrategy]

My credit was very bad and couldn't get a house with even 40% down. Fortunately, I saved and saved and just bought one with cash in 2022!

[adt]

Price declines are already happening in Austin, San Antonio, Dallas and parts of Florida. I watch these markets daily and there are two trends…rising inventory and price declines.

[freddiemansky]

Michael, my wife and I continue to enjoy your channel and the last few episodes the backgrounds have been great! thank you for aallll your walking and hard work. p.s. ( we are 75 and 74 your walking gives us our needed exercise!! ) 👏😉

[chrislastnam]

In almost all developed countries, buyer's agents commissions are zero. Modest 1, 700 sq ft houses in the middle class Miracle Mile in Los Angeles sell for $3, 000, 000 so buyer's agents get a huge $90, 000 for selling one. Instead buyers should hire a lawyer for
about $1, 000 to write the contract and find you an inspector, title company etc.

[GreenNoDeal]

Government needs to force Wall Street to sell. Absolutely criminal that the average hardworking taxpayer has to compete with BlackRock to buy a home.

[Carterofmars]

Very smart guy on several different levels. Not only is he making coin from this channel, he's using his on air time to walk for exercise likely getting in 20K steps daily. AND, he's prob getting 50, 000 IU's of critical vitamin D as well. Well done paisano!

[eloquentsarcasm]

I've rented the place I live in for almost 20 years, the prior owner sold it 2 years before she died last month, and the new owner was overjoyed that myself and the other 2 guys would be happy to stay on. We split a three level house between us, and the new owner was talking about how her properties she rents are a constant nightmare trying to find reliable renters that will stay for many years like myself. The amount of work she had to do to this house after she bought it was staggering, deck was rotten, roof needed new shingles, the foundation needs to be mud jacked back to level, new carpet/flooring, new paint and siding. If her husband wasn't a contractor by trade with the skills and connections to do work cheaply, she'd have spent almost 80k JUST to get the house up to snuff. I've spent over 100k in rent over the years here, but for me it's a steal compared to going thru the hassles she has been thru just in repair costs not to mention insurance, mortgage, property taxes. After all that, you still never OWN your home, it can be taken in an instant if you can't pay the endless fees.