Housing Market Crash CANCELLED?

According to the NAR there wont' be a housing crash because, inventory is still too low, interest rates are down and mortgage applications are up. Do you think that is a strong argument for no housing crash? Let's dive into it

======
======
I offer 1 on 1 calls, book one if you'd like!
======
My Filming and Editing Equipment
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
======
Get Cash Back on ALL your Internet Purchases!

Articles Mentioned in the Video

FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on sales you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support me and my channel! :)

[avenger]

I don't think you can ever really expect anyone or any association who has a vested interest in an asset to ever reveal the warts of that asset. They're going to protect their interests every time.

[eurostar]

Back in 2007 Ben Bernanke, an economist and chairman for the Federal Reserve who graduated from MIT, also publicly said there wasnt going to be a housing crash, and few months later the housing market crashed. LOL He said the housing market would grow in 2008. So i wouldnt trust everyone, i would take their advice in consideration while looking at the data myself, closely and on the daily and then decide from there.

[craigsteyn]

The fact that they say it is not happening means exactly that it IS happening.

[jimgalle]

This channel deserves a LOT more subscribers. Loads of common sense and information and data. Like and subscribe!

[MCC]

Michael, I appreciate the real news you provide. Everyone who reads anything from the National Association of Realtors needs to watch your channel.

[StevenEdwardDetroit]

Im a Realtor here in Michigan and I agree 100% with you. They are not looking at the BIG picture! There are so many things going on behind the scenes (Not covered on Mainstream.) We also have the CBDC's on the horizon. Great video!

[Ytgmann]

Thank you for your input, just saw an interview of Dave Ramsey in 2006 saying there won’t be a market crush 🤦🏽‍♀️

[teliciabenson]

It’s crazy that YouTube put a Zillow commercial contradicting your entire video right at the end. They feed off of ignorance. Thanks for the information. 😊

[lindaberl]

You said it, they are propping the market up. They lie to keep the diminishing sales going.
I am starting to see prices come down, a very small amount. Still way overpriced for what the properties are.

[amyb]

I work with RE investment companies. I was told by one Friday (Dallas) that this was never going to end. This is my second RE crash with my business. First was in Riverside CA. Again they said we would never crash. Ooops!

[juandorta-duque]

Easily the best channel on YouTube. There is never a video I don’t learn from. Great work again Michael. I have been telling everyone I know about you, your channel and the scenery

[hishamhahm]

There are a lot of houses that were on the market here just north of Austin that did price cut after price cut last year and finally just came off the market before the holidays still not sold. They are still sitting empty and I’m sure they are waiting until the spring to go back on market hoping that the prices will increase. It won’t. All these houses will spike inventory. There are still a lot of homes I have been watching that started around 600-650k that are now under 500k and still not sold and on the market for over 180 days. I’m in Leander Texas. This seems like it will be crazy. I have no clue why some people are still buying. Also a lot of new builds up here and a lot are just about complete.

[talkingonline]

At this point in time most people are realizing that the progranda by realtors, loan officers, zillow and redfin and its CEO's is more detrimental than a person having head louse. These real estate people are on borrowed time and better get their resumes ready because this crash is going to be over a period of years and there will be no magic pivot in 2023.

[michaellightbown]

I’m sure I’ll get some heat for saying it and I’m actually pro free market usually. But something needs to be done to discourage investors/landlords of single family homes. Whether through taxes or some other means. When a towns essential staff, nurses, firefighters, police officers, teachers etc, are priced out of the town they live in there’s no longer an incentive to work there. This goes for other professions too. Nobody’s going to bust their ass to rent.

[MTRVPatrick]

Last time the stocks tanked, didn't they move their cash to RE? I am trying to buy a house in OC in southern CA and it's brutal right now. House listed for $875, needs a ton of work, had wife go look at it she shrugged and said ok it has potential. Then we talk to realtor and she asks the listing agent what number should we be at? He has 33 offers at 950k that's 75k over ASKING for a house that needs 100k in upgrades! Seriously we are getting pissed and deflated with this bonkers nonsense.

[yoyo-diel]

Just because mortgage applications are going up, that does not mean that families are accepting the offer.

[InMyBrz]

Checking CHEAPEST rents around Florida- 1br - they are coming down
Finding rentals in complexes from $650-900 all over Tallahassee
$900-1200 in the Sarasota Bradenton area
$900-1200 Clearwater St Pete
$800-1100 Ft Myers
$750-1000 Pensacola
FORGET SOUTH FLORIDA !
Have had SURFSHARK for 2 years and love it !

[NineFourOneMedia]

NAR said THE EXACT SAME THING in 2008. At the time, the local association (SAR in Sarasota, FL) spent a lot of money on billboards touting "There Has Never Been a Better Time To Buy a Home!", or something to that effect. We all know how that turned out.

[themarkandmelteam]

Great video! Nobody else is addressing the ibuyers and syndication groups that are scrambling for a different income model or trying to sell expensive coaching programs to teach others how to buy more properties right now. It's clear that history is repeating itself right now. Keep up the great work 👍

[jeffreydeuitch]

When early YOY references start to show negative, they will fall back the Case Shiller which lags 2 months from closing which means about 3 months from contract date and hence when the agreement in price was made. Once CS shows negative, the narrative will shift and masses will take notice. Until then, people will be fed Soma.