Housing Market Crash 2023 Is Coming

The outlook of the housing market is once again, bleak and with many still hopeful of house prices continue to remain high others are calling for prices to drop. Now regardless of the semantics around whether its a crash, or just going back to pre pandemic prices, or whether or not this will be a correction, one thing is for certain - there is a lot of pain ahead for the housing market in 2023/24.

Useful timestamps:
00:00 House Prices Fall for the 5th Time
00:20 Areas Most Affected in the UK
00:50 3.2% Drop since Q3 2022
01:10 Homeowner warning
01:50 House Price Slump Prediction
02:24 Financial Crisis Analysis
02:55 House Price Drivers
03:20 Refinance / Mortgage Warning
03:59 Homeowners Fixed Rate Deals ending
04:35 Affordability
05:10 Could it be as bad as 2008?
05:36 Why house prices could fall further
06:15 Homeowners have more debt
06:55 Homeowners more vulnerable to income shock
07:30 Interest rate impact
07:50 Mortgage affordability in London
08:10 Home buyer budget slashed by 16%
08:45 Higher LTV Problems
09:00 Employment market to the rescue?
09:35 Mortgage arrears could be problematic
09:50 Mortgage debt to income ratio in UK!
10:16 UK House builders Slowing Down
11:00 Mortgage costs to double for FTB
11:30 Not enough houses being built
12:15 House Prices to fall by 10% in 2023

Anti Guru Property Program:
[Offers lifetime access to classes, exclusive videos, training and documents required for property investing] + £240 worth of Healthxcel Blends for mental and physical wellbeing

Set up a LTD Company & Business Bank Account for £12

Free 3-month subscription to Lendlord Premium!

Use the code FYV10 for 10% discount of your superfood blends:

Books:

Podcast equipment I use:

Camera equipment I use:
Podcast host (acast):

As an Amazon Associate, I earn from qualifying purchases, but you are charged the same. This in effect helps me use the proceeds towards growing the Find Your Voice Podcast.
how to save £30000 in 5 years to buy a house

Links to me:

[TheAnxiousInvestor]

Video timestamps:
00:00 House Prices Fall for the 5th Time
00:20 Areas Most Affected in the UK
00:50 3.2% Drop since Q3 2022
01:10 Homeowner warning
01:50 House Price Slump Prediction
02:24 Financial Crisis Analysis
02:55 House Price Drivers
03:20 Refinance / Mortgage Warning
03:59 Homeowners Fixed Rate Deals ending
04:35 Affordability
05:10 Could it be as bad as 2008?
05:36 Why house prices could fall further
06:15 Homeowners have more debt
06:55 Homeowners vulnerability
07:30 Interest rate impact
07:50 Mortgage affordability in London
08:10 Home buyer budget slashed by 16%
08:45 Higher LTV Problems
09:00 Employment market to the rescue?
09:35 Mortgage arrears could be problematic
09:50 Mortgage debt to income ratio in UK!
10:16 UK House builders Slowing Down
11:00 Mortgage costs to double for FTB
11:30 Not enough houses being built
12:15 House Prices to fall by 10% in 2023

[joosters]

You deserve way more subscribers! Great videos as always!

[TheAnxiousInvestor]

From an investment perspective IF this happens, I can imagine many licking their lips. For those million homeowners however let's hope the higher payments aren't too damaging.

Useful videos to watch 👇

[jimmydavis]

Could you explain what you mean by Scotland not being as affected as much? Looks like they've had the lowest growth in the UK now

[earthcitizen]

In my opinion I don’t think the UK housing market is going to crash in 2023, more likely flat or minor dip on prices. Reason 1 landlords thinking they’re in honeymoon and not willing to cut selling prices, also agents will advise them to hold on to current position. Reason 2 landlords with higher mortgages or multiple buy to let mortgages won’t accept price cutting, in the end it’s about business, buy for cheap and sell for higher, no one willing to make loss on housing prices, mortgages burdens are on tenants tbh😅

[High.Vibe.Living]

also the issue ive got with these companies "seasonally adjusting" percentage changes in house prices, is that the formula that theyr most likely using, is based on a housing market that has been running on ~2% interest rates for over 10 years now. So i ignore their "seasonally adjusted" figures, and I just look at the raw total price movement and calculate the percentage myself between the figures. In which the actual percentage fall is much higher

[aaronl]

Uncertain time’s coming in the next few years, great video mate keep it up always love the content 👍

[teleckb]

It’s not just values it’s actual sold prices, a correction for the stupidity of the government during covid is much needed. Hopefully they do fall as much as it will hurt in short term but more in long term if no fixes are applied

[ihaveproblems]

If house prices go down further is that good for buyers cos it’ll be cheaper?

[mrgolden]

Big money will take it all sadly from people who cant manage their finances

[rezabobi]

Thank you for all the hard work you put in daily to create all those videos.
I have a few questions, and i want to know your opinion. How can I contact you?
Thanks in advance.

[thethinkingman]

Anyone got a rent2rent contract I can have please??❤❤

[barryoneill]

There wont be any crash at all, same in Ireland. Been hearing about it for 2 years now. Fear mongering is all it is.

[callumtyler]

Feeling so blessed to be in a situation where my mortgage is a third of my income and added my other outgoings equals less than half... And that's not including my wife's salary which is that same as my own 👼👼

[abnwtfwc]

A possibly dumb question here, but I don't understand. What does house price growth mean? Average house prices are going down. But does house price growth of 6.6% not still mean house prices are growing albeit at a slower rate?