Housing Market Will Correct 30% in 2023?

Are the doomers and fear mongers correct about housing prices dropping by 30% creating another housing crash? This is still a lot of volatility with interest rates which is causing housing affordability to still be a problem. In turn this is causing the market to continue to slow causing sellers to reduce house prices. In today's live we are going to address your mortgage and real estate questions to help you decide whether you should buy now or wait?

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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty

#housingmarket #housing #realestate

[lizbetramirez]

From NY state, thank you for the info

[MariaJimenez-llhh]

Watching from Ohio thanks for the weekly update

[bobwhite]

You two guys are rocking the questions and answers from 68 to about buying another home and the information from important right now especially with the economy so keep up all the good work and you can pick up another subscriber thanks

[thenewwayhome]

With the rate the housing market is going, we are surely in for a ride. Foreclosures have surged in many states and prices continue to go up, we can only hope that this will take a positive turn soon. Thanks for sharing your analysis and facts on this matter!

[ac]

Some people loose and some people WIN that’s part of life, BUY WHEN YOU READY . don’t risk your MONEY that is LIFE!!!😂🎉🎉😢😢😅😅😅😅

[SG-zhxd]

the supply is still low, dont wire send a cashiers check, had a buddy almost ripped off over 100k with a phony wire

[barcelona]

I'm not sure how much housing will drop but 20%-25% over the next two to three years is probable. The only thing that I know for sure is that right now is a TERRIBLE time to buy a house as it will be a depreciating asset for the foreseeable future.

[ajmontoya]

Watching from Murrieta, CA here. Bought last year December 2021.

[CyrusVatankhah]

Man, I thought you were an honest person. You sit there and "pretend" everything is just fine. Either I was wrong or you have no clue about the macroeconomics (of US and the world). We are on our way to the 2020 prices in real estate market. Brace yourself.

[ForTheChristians]

Public service announcement if you’re hoping for a housing crash:
Unless you’re a cash buyer, a housing crash won’t help you, because you won’t be able to get a mortgage.
Also, If prices (or rates) start to drop, what do you think is going to happen? People will buy because demand is still high and supply still historically low. Prices will just go right back up.

[LunaMirage]

From Santa Barbara. Not sure if I should leave to Texas or stay in California =/. I'm feeling that the price for a home in Ventura County/Santa Barbara is always gonna be like 7-15x my salary =/. I'd like to get something built within the last 10 years from when I >.> It looks we're continuing on our path of a two tiered California =/.

[cameroncastel]

Will new construction cost decline in 2023 as the market demand crashes.?

[jiffybishop]

This market is killing me. Got a great covid deal on my apartment in 2020, didn’t have a down payment yet to buy in a high COL area. Saved money, ready to buy this year when my lease expires. 750+ credit scores, good paying jobs, stable careers and just got pre-approved but the interest rates make my monthly payment outrageous. Nearly double my rent. So frustrating because I can’t afford to own, but also can’t save much with renting.

[Doesntmatteratall]

Watching from southern indiana and looking to buy a house by the end of the year or the beginning of next year at the latest

[marksweeney]

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