ZILLOW: Housing Market Gains ARE OVER

ZILLOW: Housing Market Gains ARE OVER
Houston, San Antonio, Austin and Dallas Texas. Are the local areas I study the most.

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Helpful Links:
1. How Much Interest Really Cost Calculator
2. How Much Can You Afford Calculator
3. Debt to Income Ratio Calculator
4. Amortization Calculator

Data Source:

#mortgagerates #realestatenews #housingmarketupdate

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Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036

Travis Spencer
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Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
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Spring, TX 77373

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[Gregroybiz]

I just watched a Graham video where they claim they expect the market to climb another 7%

[ChristianC-gyym]

Bought in 2019, closed on sale last week. In 4 years, I sold for $463, 000 more than what I purchased for. Four years, that's slightly over $115, 000 per year. Gains are here, very much so. Perhaps if you're buying 400K homes, I think maybe that bracket of home sales are more affected. But if you're in the 1 mill+ market, gains are still there.

[jgmiller]

Everyday that goes by less people will qualify for mortgages. Consumer credit is crushing the average person. Credit scores will continue to drop and knock out the future buyer. So many variables at play, it’s almost impossible to keep up with!

[markpitchford]

Mortgage rates blowing past 7% on the FOMC minutes talking about higher rates for longer. Excellent news. Student loans resuming. Winter should bring awesome changes.

[ChristopherWard-fsru]

Never underestimate the foolish buyer. We have had millions of people over the past few years line up and overpay big time. This will catch up with a lot of them.

[kristimh]

Austin is very interesting! Even in my bougie side of town, I just saw a house with a 250k cut and the description stated to make them an offer. Seller was in big need to move. I was shocked because it's in a prime sought after neighborhood.

[Gabber]

smaller is where it is at. Who would want a huge home now anyway? Yuck

[MrComerford]

I live in Philadelphia and home prices are insane. They are building like crazy. The homes are ugly and selling for $450k. They are all row homes and stick frame. I just don't see how they are safe without a brick or block fire wall.

[janetairlines]

The student loan carriers are also the prime home buyers/ age range. Should be interesting come october

[WOLF-qqcn]

A realtor that i used several times said buy now thank her later!!! I wont use her again.

[EndCorporateWelfare]

"Laws" and supply and demand are officially just opinion. Emotion is the only thing that matters now

[PersonalBeautyLab]

I’ve been watching a lot of you RE guys and I noticed most focus on Texas, California, Arizona, and Florida. Would love to see one of you guys do a deep dive into Illinois (Chicago for the most part).

[michaelkelly]

The hardest working non real estate salesman attitude man around. Veraciously spreading real estate tecnicals with a honest fortitude. Dont shoot the delivery man with the moral compass just live and learn. Be a sponge and absorb his adament vicarious life experience. For free. Now thats wisdom

[ianwalker]

I see what happened in Austin happening in many places around the U.S…. However, do to the extreme lack of inventory the extreme drops will only occur in places where Builders over build. The rest of the U.S. will remain fairly propped up in price. I doubt we will see a nationwide crash of any significance. Just hope you’re lucky enough to be in one of the areas that get over built in.

[edmond]

Hello everyone, hope you all well. 10-yr/30-yr US treasury bonds' yield keeps going up.

[michaelb]

Travis, you are doing gods work man. If you a crash bro they are FOMO bros.

I sense we are close. Paid off my debt and then yolod into oil stocks which i sold when Exxon's dividend equaled the 3-month yield.

We are defecit spending at 3% unemployment rate. What are we going to do at 8+%?

If the Japanese can YCC for 30 years we we can do it to damn it!

With all that said. I just started converting my 3-months into 30 year notes. I'll keep going until I'm out.

It sucks that with a 130k salary I need to be a Warren Buffet on roids to buy a damn house and retire someday.

Good luck to all and don't follow me. If I knew the future I wouldn't be sharing. No guts no glory!

[sedonaguy]

I want to buy now but prices are too crazy.. im looking for a forever house though so i dont have to keep a storage unit since i sold my house last year but any mortgage will be twice what i pay for rent and storage combined right now. So i am stuck searching until i find something i feel works forever and maybe even pay cash for if the rates are still this high.

[robnowe]

Remember that the peak was in June of 2022, so year over year #'s starting points are dropping not rising as they were up to June. The more important focus s/b on month orver month and relative to the Peak of June 2022.

So are the estimated sales for the year below 4 million?

[helpyourfellowhuman]

7.37% today. Highest in over 20 years.

[erikromero]

Yet new construction keeps increasing prices in Phoenix