ZILLOW: Historical Drop in Sales Destroying Real-Estate Industry

ZILLOW: Historical Drop in Sales Destroying Real-Estate Industry
Houston, San Antonio, Austin and Dallas Texas.

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Are we in a housing bubble? Will real-estate crash? Is there a housing crisis? How do credit reports work? What are the new Tax laws? Listen to the data and please share your own stores and opinions. It is more important now more than ever with so many changes and challenges. We plan on bringing more and more videos on real estate and how to educate and empower yourself. Please like and subscribe but most importantly empower yourself with education!

Data Source:
#housingmarketcrash #realestate #housingmarket

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

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[roblord]

Travis, I’m a realtor in DFW and Florida. It’s shocking how many realtors and brokers totally have their heads in the sand on this. I was in a broker class at Champions last week and I suggested to my classmates and instructor that we as realtors should be honest with our clients and tell them to wait. The disgust from my peers was intense. Keep spreading the truth!

[realitycheck]

Congratulations Travis on hitting 40K subscribers, well deserved buddy. Hope that you and your family had a wonderful Thanksgiving. Love your content, thank you for all the work that you put into this channel.

[padpath]

For buyers, great deals will begin to popup soon! Stay patient and don’t make any irrational decisions that will cost you in the near future! Great video!

[gavincoulson]

Zillow just seems to be the shadiest company all around

[Christ-]

People are welcome to their own opinions but not their own facts. Thanks for sharing the hard data.

[xmaTKDmma]

Appreciate the honesty! My buddy does home loans and we argue buying all the time. He tries to get me to use my first time home buyer and i always tell him its terrible to buy right now. Hes new to the game and seems too blind to everything. FL is overpriced still and with higher rates it is way to easy to be upside down with housing prices dropping. Save, invest, and wait. That is my game. Im patient, especially with layoffs and inflation, things gota give.

[MaxMinXX]

I’m coming from big tech. I and a lot of colleagues are affected. So many layoffs from tech companies. Both big and small. A Lots of layoffs in the Ai field, lots of layoffs this year on the tech-entertainment, fintech, social media, auto, and the list goes on. Austin is affected just like silicone valley.

[vitalsigns]

Thx Travis! Lets not forget the real estate industry also just came off record sales and commissions over the last 2 years! Everything from 0% fed funds, free $, stimmy checks, QE, on and on. Sorry Realtors, no more house order taking while you shop for a new Tesla on the couch.😂

[TheKmburgos]

Keep up the good work, Travis! We love your content.

[_jams]

Looking at pricing in Colorado is a laugh; if I were putting offers in on anything around Denver metro I would be looking to 2019 pricing for an idea of what the actual value may be. Unfortunately there will be a lot of people who buy even now with higher interest rates and end up either in foreclosure this time next year or best case scenario, stuck in their property for the next decade.

[marksgoogle]

Prices are still dramatically over valued. Check back late spring 2023

[logato]

So Toll Brothers just lowered prices on pecan square inventory. Down 60k on some. This is North of Ft Worth. Granted these are over valued about 30% imo, maybe more but it’s a sign.

[omarkhalid]

HAPPY HOLIDAYS TRAVIS N AS USUAL THANK YOU FOR THE GREAT CONTENT 😊

[harrypaez]

Never buy anything based on emoticons. Unfortunately, that happens in every industry. One great example is stepping into a car dealer and tell the salesman that you love the car. You made a very good point.

[jessicabixler]

I've been very confused. There seems several sites I looks at to give local monthly statistics. Some just stopped updating in April or June July. Sometimes they wait until more than halfway through the month to update. This month there was a huge swing in data reported. Sites say the median sale price was 465k, 433k, 400k, 445k....lol...which is it people...I guess we are getting too close to last years sales price and gotta keep the narrative going

[idaho_]

This is a perfect time for all Real Estate Professionals to band together and cut commissions from 6% to 2% permanently.

[bizinc]

Great video, I really appreciate the market analysis and your inside opinion on what’s brewing in the current housing market!

[tisha]

A salesman for a builder told me they made so much money the last two years off the market so it’s not like they can’t afford to lower the prices right now and offer more incentives. That may be true for some builders but not all. 🤔

[lorrieleaver]

You are spot on in my opinion. Unless you have the funds to buy a home that provides income or land that can be developed and the housing rented out to fulfil any borrowing requirements then I’m afraid you should stay put or move to a cheaper location.
I’m looking at land that can be used to build homes for rental. People who pay rent for a period of time will have the option to purchase their property and not be dependent on banks but rather their record of payments. I’m hoping that this will not have to include a deposit but the history of being a good tenant.
It’s time people can get a start on the property ladder and I would like to have the ability to help out. I’m not a bank nor do I ever want to become one. If a tenant has financial problems I want them to feel able to discuss their situation without fear of losing their home.
It’s not going to solve the entire situation across the country however, if I can provide a good example and assistance others might join in. I’m not looking to lose money but if you can’t help people who are experiencing problems for a few months then this is not something you should consider doing. I’ll be creating a limited amount of employment in perusing this community and give people the opportunity to go into business.
This scheme is up and running in the United Kingdom but I’m making it more accessible. It’s going to start in New England but I can’t yet divulge the exact location. Good quality homes with enough space to grow fruit and vegetables etc is my plan.
It’s a painful time to move or buy a home but it’s the best time for me personally to go ahead with my ambitions. We have to think outside the box if we are to beet the likes of Zillow and the likes.

[billschulz]

Great video travìs very well said on what's happening in this very bad market.