Home Prices & Mortgage Rates COLLAPSE (Housing Deflation is Here)

Homes Prices AND Mortgage Rates are now Collapsing at the same time. Making the 2022 Housing Market a lot Cheaper (Housing Deflation is HERE).

The combination of declining Home Prices and Mortgage Rates mean home buyers are having to pay a lot less in monthly payments (check Zillow). And that the 2022 Housing Crash is getting Worse (especially in Dallas and Phoenix). But why are Mortgage Rates declining so fast?

After all, Jerome Powell and the Federal Reserve just did a Triple Rate Hike to fight Inflation, and will likely do more rate hikes into the future. But despite these rate hikes, Bond Yields are plummeting, which is pushing Mortgage Rates down. The result is an inverted yield curve that predicts the Recession is going to get worse.

Despite the improvement in affordability, these declining Prices and Mortgage Rates still haven't gone down enough. That's homebuyers in metros like Phoenix, Dallas, and Denver are still significantly cost-burdened. Even more so than the 2007 Housing Bubble. That means the Housing Crash will likely continue in these markets until prices get cheap enough.

On the other end of the spectrum are metros like Washington DC, Virginia Beach, and St. Louis - where the cost of buying a home is still relatively affordable. These markets will have a correction, but are unlikely to have a crash.

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#housingmarket #realestate

[JosephMartin]

I sold my home 2020 and I've been dollar cost averaging all year long and I've almost maxed out my reserve, so I'm basically waiting for stocks to fully recover so I can break even, but on the other hand, I've been coming by articles on people who are puIIing off recurring profits of over $150K within just weeks of trades, what am i doing wrong?

[Steve-cnup]

My brother works for a very large building supply manufacturer. In fact, one of the largest in the U.S. He says that their orders are being cancelled left and right and that everyone is freaking out. They're also tracking mortgage applications and other relevant data very closely to gauge how much they need to produce, and they see extremely tough times ahead.

He said that current home buyers are going to experience unimaginable pain in the near future as housing prices collapse. His argument was so convincing that I'm going to be on the sideline until early 2023, and any offer I make will be extremely low to protect my downside risk.

[MichaelBrown-nyet]

Price cuts are nice but when the home is overpriced by nearly double of its true value, you’re still getting ripped off. It’ll be years before things can be considered affordable, maybe…

[sholland]

I’m sure I speak for some, we don’t care. Let it crash. We’ll talk when it becomes affordable to the average American, and to anyone trying to take advantage of other people over money, screw you. Greed has gotten us here.

[mikeroach]

The problem here is economic crisis
economy is screwed unemployment is at a very high rate than the fed is stating.

[tchheng]

Sold my house last year for 445 and recently got sold for $385. Glad I sold it on time. Now we are renting and patiently waiting. Thanks for the all the work. I really appreciate all your hard work. Thank you

[sunshadow]

Saint Louis Home prices and rent has shot up double plus, just like other places. There has been bidding wars amongst the buyers. The big companies out bidding families. The same thing going on in the Lou.

[Kevinw]

Every time the 10 year inverts with the 2 year a recession has followed for last 50 years. We’re there.

[ChangeYourFrequency]

You were the only YouTuber telling ppl to hold off on buying houses. Everyone else was screaming “keep buying”. Much respect.

[sean.d]

It's amazing how you gather very interesting and related data and find a strong coorelation that can't be doubted. No one else picks up on these that much. Thanks for that!

[go]

A 7% price cut with rates at 5% is much more expensive than 1 year ago. Buyers who waited are getting reamed, not helped.

[worksmartnothard]

Please God make the housing market crash to the ground so I can buy my dream house 🙏 like if you're like me

[matta.]

This guy is a real estate genius. He's reading the housing history accurately and his projections are the best I've seen in my 68 years. I encourage all of you younger Americans to listen to what he is saying. It's rare to find someone who has a good grip on sector economies.

[anthonyvarone]

Florida prices are still unaffordable!! Homes are overpriced by 40-50% making it impossible to buy at this time!! Price reductions are $10-$15K on a typical home!! Really!!!
What an insult!!!

[rachegreenrg]

Used house price should be 100-200k. When my neighbors asking $460k for a 1973 1800sq ft house, I'm laughing) 50 y old piece of plywood with $6000 annual tax)

[Thenineoh]

I'd bet my entire net worth that my area isn't gonna have any housing deflation. In 2008 the home prices stalled for a year and just continued to shoot back up

[oldschoolliferhere]

In the last few weeks I have had a big home builder contact me for business who I contacted months ago but now I hear from them. they are really trying to get me to buy, they been offering help like on mortgage assistance, where to buy land and more, I told them I am waiting to the prices to drop and they tell me oh we have great prices, yea ok, So good to see the greedy builders panic and run to the buyers for a sale. Its time for us buyers to get a great ( or should I say "fair) deal and not be ripped off!

[nofindausername]

I just saw a listing for a house priced at $499, 000 reduced $121k from $620;00 dollars This is in high desert southern ca. In early 2019 this house sold for $150, 000. The house is a 2 bedroom 2 bath1, 056 square feet
1.38 acre lot. Renovations very basic. Landscaping almost zero. Hot dry dead grass and dirt. So this $121k price reduction is laughable.

[Mvp]

Zillow price history for all houses be like sold 2017 359k
Sold 2020 600k
For sale 800k

[PDXLANDBARON]

Here is what the newbies need to know about the US housing market today in 2022. Housing starts have steadily slowed since 2010 and starter home new starts are just about non existent. Home ownership in the US is about 65%-66% and most of those households got the deal of the century with low interest rates. These 2 factors are the drivers of low inventory. In plain english, the existing home owners are staying put and the new homes binging constructed are fewer and out of the price range of new home buyers. Exclusionary Zoning will continue to drive the home prices higher, reduce inventory, higher interest rate will keep owners from trading up and starter homes will soar through the roof. I have a bunch of 3-2 ranch models and those are my cash cows. I bought all of them when nobody wanted them.