The US Housing Market Crash Just Took a Weird Turn

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▶ ABOUT BRANDON MULRENIN
Brandon is a real estate broker in Michigan and is the CEO of Brookstone Realtors. Real estate coaching is Brandon’s passion. He teaches real estate agents at his company and around the country how to get listings using his reverse selling lead generation system. His mission is to teach real estate agents how to sell without being salesy, he calls it reverse selling.

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[JA-wbmy]

I consider this current market as a reverse market crash. Extremely low inventory causing home prices not only staying high but increasing coupled with high interest rates. Not enough homes selling is still a crash but not in the typical sense.

[DannieJosma]

I’m in South Florida, and homes are still selling that are in great condition in desirable areas. There was an open house that had 75+ people and folks are still sending out multiple offers.

[highlarryus]

I literally have a scheduled part of my day that I watch these videos. 🔥🔥🔥

[jeffarcherrealtor]

I know every market is different but the issue in my local market right now is a lack of inventory. Multiple multiple offers on everything

[itsj]

Hey Brandon can you please do a video once we got the listing all the steps we need to do in preparation for sale, setting up the listing etc

[lisaallard]

Still no inventory, bottom line, more houses on the market prices are competitive, here in Massachusetts home prices are thru the roof

[cbmlgia]

Multiple offers super common right now in Chicago Suburbs

[streakingclothed]

Right around the corner from you in Grand Rapids we are seeing multiple offers consistently. Like, 8-12 multiple offers.

[khepmaatsetepenra]

What effect, if any do you think the BRICS nations removing themselves from the dollar as their reserve currency will have on the value of the dollar and will that effect the price of homes?

[russrobinson]

Here in Utah, prices are going up with multiple offers becoming normal again.

[yanuan]

This is exactly my analysis and what I try ti convey to people in general. I wonderful who benefits from what the media is feeding people and why 🙄

[victoriamayne]

I agree. I’ve had clients go with new builds because they were tired of getting beat with multiple offers

[followmesky]

My market went up 31.1 % from last year. I can't see buying now and trying to sell later in life, because it would be a short sale. The market is delusional, and it's not sustainable. It has to crash hard to reset. The rental market should add pressure on sale prices to start taking a hit. Rents are sky high, but it doesn't cover the additional costs of owning a home. Lately, I'm seeing friends/roommates looking at open houses. It sets the tone that unaffordability is crushing everyone but the rich.

[Xavier_Lott]

I don’t think pre pandemic prices ever coming back

[courtneyantonio]

You are saying the same thing I've been saying only more elegantly and with data to back it up.

If you look at home appreciation and the inflation curve together, it's almost a mirror image. With only a few months in lag from inflation to appreciation.

We are experiencing a market correction as we experience an inflation correction.

The only way we see a crash will be due to the media causing widespread panic and fear.

Just my 2 cents haha.

[louielee]

I don’t need a YouTube video to for my own opinion your opinion doesn’t change your mind. What I could see is there is mass layoffs people are not working whether you like it or not the housing market as finished based on the fact of what’s going on around us, banks are not letting out any money. There’s just way too much evidence to debate the subject that’s going to fail.

[ronvaughn]

Great info. Let’s get ready to sell some homes. Sharpen those skills peeps!!

[SellingCentralFlorida]

Central florida is up 10%. Bottom line is that we have a shortage of “good homes” for sale - anything turn key move in ready in desirable areas has multiple offers. Buyers are coming from out of state with high paying jobs, and the rates are not affecting them. Agree 100% Brandon when rates go down the flood of buyers will come back. When we had 15-30 offers on homes last year, those buyers are still out there. When rates fall the flood gates will open and it will be 2022 all over again. The best time for people to buy to have strongest negotiating power is for sure now.

[susanbruce-ross]

In the Hampton Roads area of Virginia, we are seeing multiple offers and offers up to $30K over asking.

[concernedcitizen]

Buyer energy is pent up and frothing at the gate