Worst Spring Housing Market in Decades

Housing Analyst, Lance Lambert shares real-time data on the current housing market.

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Todd Sachs, is a Maryland Real Estate Broker providing information based on his opinions and the opinions of others regarding the housing market, the U.S. economy, and geopolitics affecting Americans.

Todd Sachs is not a Mortgage Lender, CPA, Attorney, or Financial Advisor and any information provided in this video or any videos containing Todd Sachs including the descriptions and titles are for entertainment purposes.

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[graveyarddoji]

Rates aren’t the problem, the prices are. Prices need to come down regardless of rates.

[DavidBowen-nr]

Prices are too high. With rates not subsidised in ’24 and mortgage still high, currently seeking alternatives to maximize savings without an RV move or taking a loan. I’m seriously contemplating the latter.

[ericke.]

High interest rates, HOA Fees, Property taxes, are making it very difficult to purchase a house

[EmilyMedvec]

Todd is right to talk about policies. Doing so is not politics. It is about educating people about how housing policies impact homeowners, buyers and sellers.

[tommynikon]

I’m a retired (69) RE Appraiser/37years…Seattle, and I HAVE STICKER SHOCK!!!
When you bust the Affordability Index, when Wages and Inventory don’t rise, but Interest Rates and Inflation do…Sales will tank. 😢. Demand is DOWN. ps: 1980; got my RE license; my first deal was FHA; took 7mo to close. I remember 18%; it was insane.

[isaacpalmquist]

Bankruptcy Lawyer probably the safest job over next few years

[SityClicker]

Let the markets correct. Having overvalued home doesn’t help anyone. Don’t let the international banking cabal lie to you.

[craigenputtock]

"You'll know things are back to normal when the average person can afford the average house." --We've got a LONG way to go....

[edhooksjr]

Great Guest Todd. No magic bullets. Do your research and Make Deals that make sense is All WE can Do.

[graveyarddoji]

Housing in Tucson literally doubled from 2019 to 2024. Now it is correcting. There are 7 homes for sale in my neighborhood but the prices are so high they just sit. They’ve been sitting for over a month. It’s ridiculous what happened here. A Californian moved in an bought a house cash and drove the entire neighborhood up overnight and it just got worse and worse.

[MeJonTheDon]

Home sellers are really stretching when they act like they can't afford to sell but somehow expect people with zero equity to afford their house. It's ignorant at best and dishonest in my mind

[alexkim]

Having the “American Dream” of owning a SFR being severely impacted by the large institutional investors should be regulated. Put a limit and let them focus on multi-family. Perhaps, provide more
assistance to true first time home buyers.

[mysweetBBQ]

Thanks guys i appreciate yall getting the word out that the American Dream has become a payment trap. While new homeowners dont feel this the exisiting homeowners feel the pain of increased property taxes, HOA dues, utlity cost, maintaince cost have all gone up and put the squeeze on the homeowner and force them out of their house. This is a homeowner stress that is a SILENT EPIDEMIC

[lmcwill]

And to think my husband and I jumped into this market, listing our home in Sarasota FL just two days ago, we knew the market was inundated but we had to give it a go if we wanted to leave this state . We are realistic and figured we will just roll with whatever comes, if we sell it great, if not we will be here awhile longer . I love my home and wish I could just pick it up and move it to another state . I have lived here for 40 years, FL used to be good, not so much anymore .

[KAZHE]

Sellers have got to accept reality and come back down to earth.

[TheZuluPilot]

Walked through a site for both of those builders. Those homes are built like crap. If you're building a house with them. Hire 2 inspectors to inspect every step of the process front ground up. It will cost you up from. But save you thousands. Best avoid if at all possible

[adam-travers]

Everyone I know is hunkering down where they’re already living to see what happens with the economy and housing market.

[spusulri]

I saw this coming back when is 2020-2023 housing doubled in my area.
A 450K house was selling at like 700K and even a 600K house was going at 950K. The hilarity is that these idiots who bid the housing roiled to these ridiculous amounts would have to pay the property tax to suit that over valuation.

[TropicalTodd]

I sold my house recently. I'm south of Tampa and the average listing is taking over 60 days. I listed my house 20k under comps. I had a contract on day 5. I bought my home in 2012 so I'm able to do that. But I'm not sure how people will unload homes they bought in 2022 and 2023 with just 4% or less down.

[RobertPaterson-dgpn]

Excellent analysis, keep up the good work.