What is a Housing Market BUBBLE and Are We In One?

What is a Housing Market BUBBLE and Are We In One?
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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[thewisehortsman]

Love the opening! That Texas flag gently blowing in the breeze just sets my mood… so calming and puts me at peace with my decision not to FOMO into this market. Thanks for sharing your thoughts and research. I enjoy hearing info from many sources, not just those that agree with me! Just so happens we agree 😅

[MartinezRE]

I love this housing market, today I when to a Open house for 630K, the house was a complete gut job and they had a contractor
Trying to sell renovations for $150K total of
$780K equals $5K per month, like it was nothing at 4.75% through their bank, everyone walked out, this are average people make average money, I told the contractor if I can afford $780K house, I will go buy a new house, the town has 10 new houses for sale for $600-$800K, There is no common sense

[thorfink]

"We are NOT in a housing bubble! Keep buying or else you will be sorry in a few years when prices and rates are even HIGHER than they are now!"
-Real estate pros everywhere with HIGHLY vested interests in the continued upward trend of the industry 🤦‍♂

Not you though, Travis Spencer. Please keep sharing your honest opinion and hopefully those with a brain will listen up!

Thanks!

[JUSTINTIME]

I was so close to putting earnest money on a new build the salesman kept calling me about price increases it was up $30, 000 from a few months ago. Started watching your videos and walked away and am saving up until the crash to jump in. Thank you!

[John-bqjh]

Taking a phrase from Powell “ it’s transitory “. How did that play out. I bought my first house in 1975 for $15, 000 today it’s worth over $1, 000, 000. I’ve been through numerous housing crashes and for you youngsters you have no idea how painful and desperate a homeowner becomes when he loses or laid off for several months and can not afford the mortgage and there’s no home buyers. The only thing that saved homeowners was the steady downward interest rates. My mortgage was at 20%. Then 18% then 16% all the way down to 2%. That is the only thing that saved the housing market. Who or what will save this housing market? When it slows down and corrects. Rates are going up and the fed won’t be there to save it.

[andylise]

For those that went through financial hardships and were directly impacted during past downturns believe in market cycles (ups and downs) and are open to learning about indicators. It seems, there are a few that want to close their eyes and ears to any negative news so they can feel secure and justify their over spending or real estate investments at the top of the market. We'll never know what factors lead to a crash until we're at rock bottom and look back to gather lessons. Wisdom comes with experience and hindsight is always 20/20.

I also agree with your assessment about how this housing market is worse than '08. We have strict lending practices in place today, but many people have utilized their lofty loan amounts based on ballooned equity on their homes to purchase real estate, high inflation/increased cost of living and spending outside of our means.

[claytonelofgren]

I’m a mortgage broker in Arizona. These housing prices are so stupid right now. There’s so much competition for a place to live that’s what they say. I still don’t get why so many people want to move here the summers can get pretty bad. I’m curious to see how this plays out. A $647K loan at 5% is about $3400 a month not including taxes or insurance. $400K is about the entry home price which will be $2200 a month plus taxes and insurance at 5% on 30 years fixed. I’m just curious how everyone can afford it that’s moving here

[dawns]

Thank you for this information! We looked in Montgomery and new construction- house increase went up $30k on a home - they keep increasing!🤦🏼‍♀️🤷🏼‍♀️

[Sarainsd]

I live in San Diego, CA. I make 200/250k net as a salon owner. Not in2020 though! I rent downtown currently for 3600. I sublease out 2 little studios over my salons, at 3200 so it’s kind of a wash… I can’t buy here, there’s not any 2 bedrooms under 750k. How long should I wait? Bueller? bueller? I’ll wait….
Another issue that maybe only business owners are noticing is there was a lot, a lot, lot free money floating around last year than today, coupled with inflation spending is down…many people spent their unemployment monies at my salon last year. I got some free money too so this is said without judgement, but spending is down this quarter versus last year IMO….in Southern California I don’t know who in H double hockey sticks are buying 1 bedroom condos at 600k…they make more than me as a single person, I’ll be renting too!

[ryanwalthuis]

builders are not building so inventory is low. that may prevent a crash. plus inflation raging may keep prices up or stable. maybe we dont see a crash of prices but a crash up. as in prices stay high but crash relative to inflation.

[ImpressiveJay]

Saving money building credit, check ✔️.

[johnnygarcia]

My moms Redfin home estimate just went up $30k in about a two week span. House is now estimated at more than half a million dollars. The average household income in this area is probably somewhere in the high $40k’s. Lots of honest hard working people. We’re far from any corporate job centers, major freeways, airports, universities, no aesthetic beauty - very flat - lots of almond orchards. I can’t speak for the rest of the country but the California Central Valley is certainly feeling very “bubbly”!

[SnowBoss]

IMO, It's absolutely worse then 2008. Not only housing but look at the inflation on EVERYTHING!! There was none of that in 2008 and look what happened.

[michaelknight]

This time is different than the other housing bubbles because they added 40 percent more US dollars in this one. The other housing bubbles in the past did not have all those extra dollars pouring in the pool. I do not think we are in a housing bubble, its adjusting based on the amount of dollars. More dollars equal less buying power on the dollar. Almost everything is going up base on inflation. Its not just housing its almost everything. The price increases will slow down soon but not go down. That is just what I think.

[Surge]

This is what I was informing you about in past videos. Right now everyone is putting their money where ever they can. But right now even though there is inflation right now it is fear just wait till June then fear will really hit. It all point to hyper inflation maybe even by December.
So I believe their will be a housing crash but you won’t feel it with dollars. It will be comparable with other commodities, for example a house cost $500K and with that money you can buy 100 tons of food. But after the hyper inflation a house will cost 10 million but you will only be able to buy 10 tons of food.
So to me this is the real strategy that should form.

[claytonelofgren]

I’m a mortgage broker. I’m in Arizona it seems that besides the people buying houses as investment properties it is a lot of first time home buyers usually married or engaged couples that simply need a house to live in

[markmitzlaff]

The requirements might be more strict but I was just pre-approved for $640k using a VA loan with 0 down. That's way more than I could afford if I was to use all of it. There's nothing in my area (So Cal) thats affordable. I have a wife and 3 kids so looking for a 4bedroom 2k sqft at least. I already drive 55 miles one way to work. I can't move any further from the LA area because of gas prices. I'm not in any hurry to buy a house, I've been renting my whole life already, what's another few years until the deal is right.

[KOKOLISO-AI]

Let say we are in a housing bubble and it pops, what happen to those who invest their money in REITS like O = REALTY INCOME or NLY, AGNC so on ????

[robertnobles]

High home prices are partly due to high material and labor costs, land cost, and other development factors. That along with the low inventory is plenty to drive up prices without there being a bubble.

[Matt-iiqf]

Housing price going up 45% this year because low inventory no lumber no cooper also no one want to work
Builder dose not want make house any more