Experts Change Their Housing Predictions AGAIN!

Even though home prices have been dropping a bit recently and there's been talk of a housing market crash, experts say this isn't likely to happen. Why? Because people still really want to buy homes, but there aren't enough homes available for everyone. This keeps prices from falling too much. Builders who make new homes are feeling confident, which could mean more houses being built soon. Finally, banks are being careful about who they lend money to for home buying, so this should help avoid a big housing crisis like the one in 2007-09.

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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

[na]

388k is wellll beyond what I can afford. Median to me is mid 100s. Its frustrating because I keep seeing new home communities being built starting in the high 300s. And they have the nerve to say affordable on their websites. Your video help keep us updated, thanks!

[KaraBara]

I look at homes for sale and the prices are absolutely ridiculous. Even with a down payment, the prices are high and the mortgage payments are unaffordable. No way average people can get a home right now, I don't see the benefit.

[mibox]

388K seems like a insane deal on the west coast even just for a 2 bed 1 bath under 1000 sq ft

[thomasmorrison]

There are not going to be any "affordable" single family homes built any more. The cost of construction labor, material cost and permitting costs is too high to make it attractive for home builders to build "affordable homes". Also, most places have high land cost.

[tinnalacey]

I think that they need to totally ban all HOA's and their fees. I see a lot of houses in my state are HOA'S that remain on the market til they finally get pulled off the sales listings. No one wants to be paying the fees or having all the rules. And people don't want to stay because of fees and rules.

[warrenlucier]

People may be leaving Florida due to insurance requirements and high premiums. If you own your home you can bypass the insurance costs, but not if there is a mortgage. Insurance is also wanting a replacement the roof, 15 years old, even if there's nothing wrong with the one there and the shingles are 35 year quality and are just fine.

[gabrielw]

Stop predicting. As long as people have jobs the housing market will have low inventory.

[christrankle]

The roof issue is real in Florida. My daughter is a real estate agent in Florida and if your roof is 10 years old or older many or most insurance companies will NOT insure your home and you can't get a loan. Contingencies with roof adjustments are a thing

[ExtremelyRadiant]

Replay. ❤ Interesting. I moved from San Jose, CA to Arizona, near Sedona. 😊 I was lucky to find a manufactured, remodeled inside and out, last September. 🙏✨️😇🏞 Soo blessed, but I needed to spend SO much of my Savings, to get everything up to code, from gutters to towel racks. 🏡 I saw this home the first day it was listed, offered 10 grand less for cash. For ONCE, living in the Bay Area, helped me make a LOT on my condo. 🎉 No mortgage is SO freeing. 😊

[johnnyli]

Sorry, but I think it's everyone. Everyone that has a bunch of homes and think they only have "a couple". Corporate investors are a BIGGER problem, but that doesn't mean that smaller investors aren't a problem at all. The more homes any entity has, the more of a problem they're causing to the system. Some people have 10 to 20 homes and think they only own "a couple homes". This is why I think housing needs to be taxed on a bracket system. The more homes someone owns, the more they should be taxed.

[marcus]

Never trust an expert who claims to possess superior knowledge for an entire industry. A true expert knows what they know, and also knows their limitations. Those who are unaware of the limits of their knowledge inevitably know far less than they think.

[ArtumonGaming]

I have one of the highest paying jobs that normal people can get in the area I live in and can't afford a house at 100k there is a issue with the housing market by far.

[teresakestran]

You’re totally not the problem! You’re actually helping by supplying affordable housing to those who can’t afford to purchase.❤

[cherylcampbell]

Won’t crash in Arizona. We’ll all be moving because of no water.

[T__F]

I would prefer smaller home on same size lot.

[marjowag]

In MN there are: new homes over $600, 000; new condos from $330, 000; previously owned homes from $300, 000. No affordable homes for first time buyers who aren't wealthy. We are staying in our previously owned home built in 1988. Still paying mortgage off.

[angelaeddings]

Georgia insurance went up again this year, 15% and has affected prices on homes, manufacturers, and rentals. Rental are running 1200 t0 1500 for two bedroom and homes are in the mid 300 hundreds

[robynemme]

People from San Francisco move to Sacramento because the houses are less costly.

[beckyecklund]

Q it's sad that people can't even afford to buy sheds to live in

[aarondix]

I think the market will bounce back, no crash.