BIG Changes are Occurring in the US Housing Market
and welcome back and happy New Year B1,some big changes are occurring in our,U.S housing market as the number of,reduced price listings has more than,doubled compared to one year ago on top,of that last week house inventory posted,the biggest increase so far this year so,in today's video I'm going to share,exactly what's happening right now in,our U.S housing market so I'm going to,give you guys an update regarding hell's,inventory uh the number of price,reductions home prices and of course,much much more so you guys make a more,informed decision about where should be,buying or selling a house and speaking,of buying or selling a house check out,that link below which is,homeandmoney.com Jason to get connected,with a great real estate agent in your,neck of the woods so let's go ahead and,Dive Right In This is actually my,favorite video I make every single week,which is based on weekly data from,realtor.com they provide a year-of-year,changes of asking prices,um housing inventory new listings days,in the market of course much much more,and actually love sharing this data with,you guys because I gotta share my fancy,Excel spreadsheet here which is actually,a data I pull from realtor.com,website anyways can't talk today so,here's what we have for you guys today,this is for the week ended December 24th,so here's a look at um home prices let's,have a look at asking prices I should,say so asking prices on a year of your,basis only increased by 9.6 percent,compared to one year ago it may sound,like a lot because of course we it's,more normal to see home price gains in,the range of three to six percent and of,course not 9.6 percent but because these,numbers are still uh very very high,that's one reason why the number of,reduced price listings and also the,share of price drops has been absolutely,skyrocketing from one year ago any case,look at this because the year of year,changes right now at 9.6 percent this is,actually the third consecutive week,where we actually saw a single digit,increases in home prices or asking,prices compared to one year ago and on,top of that as a note right here this is,actually the third time in the last 52,weeks they actually saw year-of-year,home price gains uh dipping to single,digits additionally for the week ended,December 17th the gain was only 8.7,percent this is actually the smallest,increases in asking prices in 2022. uh,but wait there's more because when,looking at asking prices over the last,11 weeks which is right there asking,prices in the US have decreased in nine,at the last 11 weeks in the US now keep,in mind this of course is due to,seasonality of our healthy Market where,our housing market tends to slow down in,the second half of the year but also my,personal opinion here this decrease of,asking prices is really due to a,decreasing in home buying demand,speaking of decreasing home buying,demand have a look at this this is,active listings compared to one year ago,and last week we actually saw a 63.1,percent incr
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Watch: Real Estate Expert Breaks Down Bay Area Housing Market Shifts
Watch: Real Estate Expert Breaks Down Bay Area Housing Market Shifts
it is 5 35 for you this morning and we,want to talk about the housing crisis a,lot of people diving deeper especially,us here at nbc bay area into home prices,as many struggle to make it in the bay,the cost of a home rebounding in,downtown san francisco but in other,parts of the bay area real estate prices,they're still struggling to recover i,spoke with jeff tucker he's a senior,economist with zillow to find out more,the san francisco bay area is,extraordinary,nationwide for a few reasons it is the,most expensive major metro area in the,country,and it also has had this dynamic in the,pandemic where it was really the best,example that we saw in any city,of that what some folks have called the,donut effect of kind of the center of,the city having really weak housing,demand and even falling,or flatlining prices and so that extends,to some neighborhoods in san francisco,led frankly by the tenderloin uh where,prices are actually still down a little,bit,and i i think it's because san,francisco's kind of the the epicenter of,um remote work,and you know tech employers kind of,letting folks go away and and it's a,place where it was very expensive to be,kind of close to those downtown offices,so as a lot of people got that chance to,work remotely uh they moved further out,maybe they just never moved to the bay,area in the first place and that's why,out of really anywhere in the country,central san francisco is kind of unique,as a place where home prices have not,exactly skyrocketed and in a couple,cases are still pretty much flat or down,a little bit and that's what you were,just saying about people you know,working remotely we saw a lot of people,leaving the city going into more,suburban areas and housing demand right,now remains high while the inventory is,low here in the bay area but you're,finding say that we could see a slight,change talk to me about that,yeah this is an absolute inflection,point that the market is going through,right now and maybe has already gone,through it just in the last couple,months,where demand is pulling back in the face,of both high prices and extraordinarily,higher interest rates on mortgages than,we had even just six months ago putting,those changes together we see the,typical mortgage payment on a home in,the bay area over eight thousand dollars,that's that's off the charts that's,extraordinary a lot of people can't,afford to pay that so they're pulling,back and one of the first changes we're,seeing is you mentioned inventory being,super low it's begun to climb really,rapidly that puts some actual,competitive pressure between sellers now,and that is what is beginning to lead to,price cuts which could actually uh,we're seeing the earliest evidence now,of prices even beginning to decline a,little bit month over month especially,around san jose just which is really the,epicenter of the most expensive homes,now what about that are we seeing more,uh condos being built are we talking,about single family homes here,this this in
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Home prices fall as number of homes for sale declines
Home prices fall as number of homes for sale declines
we were just talking about it here in,the studio the once hot housing market,is finally starting to cool off home,prices are down ish for the fourth,straight months now and that trend is,likely to continue in the New Year,experts say so joining us now to break,all this down Elizabeth ABC's Elizabeth,Schulte Elizabeth price is down four,months in a row we said we were talking,here in the studio prices are still,pretty high and interest rates are high,but first why are prices finally,breaking out of this crazy housing,market we've been having for a while you,know Terry this comes down to what the,Federal Reserve has been trying to do,we've been talking about how borrowing,costs are getting more expensive,interest rates have gone up and the,biggest place we've seen that play out,is in a housing market it gets more,expensive to take out a mortgage and as,this is kind of kept buyers on the,sideline because of the monthly payments,going up we've started to see housing,prices come down but you absolutely say,it right down ish is kind of the key,word there because we see buyers on the,sidelines from higher rates we're also,seeing higher effects from inflation,consumers generally are a little bit,tighter about their finances because,some of those day-to-day costs are,higher at the same time there's a long,way to go for the housing market before,these prices come back down to levels,they were before the pandemic this red,hot Market has stayed really hot and is,starting to cool probably going to still,cool off in the next couple of months,but a little bit of a ways to go when it,comes to actually being affordable,especially in certain parts of the,country Terry well let's talk about,certain parts of the country are there,regions where home prices are falling,the fastest,so what we see in the data is that,across metropolitan areas home prices,are dropping on a monthly basis so if,you're looking for a house last month,the prices that you're looking at this,month are probably going to be lower and,some of the cities that are having the,biggest declines right now are on the,west coast so places like San Francisco,like Phoenix like Las Vegas really these,areas that have been in these bidding,wars we've seen stories of all cash,offers these really really tight markets,are starting to cool off also in those,cities we're seeing that homes are,staying on the market for longer so,people are listing their homes and,they're not selling right away you're,not having to go out and find homes,before they even list in some of those,places,but on the flip side even with those,prices up if you take a city like here,in DC for example those costs were down,about half a percent for prices in the,past month still six percent higher than,a year ago so really this slowdown is,happening right now uh we're seeing some,some good news there a lot of problem,though comes down to the environment for,the sellers sellers aren't wanting to,list because they're worried they're not,going to s
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Housing Market Update - Real Estate Crash is Just Clickbait
Housing Market Update - Real Estate Crash is Just Clickbait
in today's video let's review the,housing markets will there be a real,estate crash,so I just want to say this I refuse to,click baits because I understand I,understand that the people that are,watching this video they're actually,relying on this information so if I get,less views because I do not clickbait,then honestly that's fine with me so be,it,I'm not going to hurt innocent people by,click baiting because I understand that,behind every view is an actual person so,you are not just a number to me I want,I'm here to help by providing good,information so I want to show you this,let me show you what I'm talking about,this is a classic example of Click,baiting Graham Stefan home prices are,going to crash 50 percent,just take a look at the thumbnail the,house is literally on fire burning down,so it looks like Graham Stefan barely,escaped the fire made it out of the,burning house thank God for his life he,fell down onto the curb in sheer,exhaustion and that he picked up a sign,warning us that home prices are gonna,fall 50 percent the biggest housing,market crash of Our Generation okay,another thing is that I see this picture,and it looks like Graham is trying to,sell a burned down home and he's only,offering a 50 discounts I'm guessing,that that listing it's going to sit on,the market for a while and of course,it's for sale by owner because no real,estate agent in their right mind is,going to be the listing agent on that,property so listen I want you to,understand this during the last housing,market crash which was a little bit more,than a decade ago home prices fell by 33,percent at that time 2.9 Million,properties were foreclosed on in 2010,alone that caused a flood of inventory,on the market which crashed home prices,by 33 percent so take a look at today,we're supposed to have approximately one,hundred thousand foreclosures in 2022,that's far from 2.9 Million let me ask,you a question do you know how bad the,situation would have to get for home,prices to fall 50 percent,you know I'm just going to say we are,not crashing 50 and we're not going to,have the greatest housing market crash,of Our Generation now let me give you,the stats and then I'll give you future,predictions but I want you to keep this,in mind,because okay if you don't take this into,consideration then your whole perception,of the situation will be distorted,in real estate there is seasonality so,generally speaking homes will sell for a,higher price in May June July and August,during peak real estate season yes there,is more inventory however there's also,more competition the slower months of,the year are October November and,December okay with that being said I,want you to keep that in mind throughout,the video also I'm making this video in,late December that's because November,data that gets reported in late December,so this November data it's the most,updated information at this time so now,take a look at this you are looking at a,three-year charts of home prices the,median sale
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Bay Area Housing Market Report 2022: Where Are All The Home Buyers?
Bay Area Housing Market Report 2022: Where Are All The Home Buyers?
has buyer demand here in the bay area,housing market peaked,coming up on this week's silicon valley,snapshot,for the last several weeks here in the,bay area housing market we've,experienced a bit of a slowdown all of,my colleagues are not talking about this,this is not front page news anymore over,the last couple of weeks we've,experienced a slow down in what seems to,be,activity levels,here in most bay area counties but,before we get into the data before we,get into the numbers if you are a home,buyer in today's housing market and,you're looking for a comprehensive data,set to assist you in your home buying,decision making you can go ahead and,text the word data plus the neighborhood,or the zip code or the area that you're,looking in and we will send that,information straight to your inbox and,if you're a home seller in today's,marketplace and you're trying to figure,out is now the right time for me to list,my house and if so what's the right,pricing strategy and what homes are,selling around me and and what what,should i be expecting in terms of price,all of that all of those questions will,be answered when you text the word data,plus your property address to the number,down below buyer demand is certainly,down month over month here in the bay,area housing market in most counties and,it's starting to feel like maybe the,best has already passed and while that,certainly might be the case i'm here to,provide a contrarian opinion an opinion,to the contrary now will is this,actually going to happen will will we,see a resurgence in buyer activity who,knows but i do believe that there is a,case to be made for buyer activity to,see a resurgence here for us to see a,resurgence in buyer activity in the,latter part of the spring heading into,the summer and fall months of 2022.,before we go there we really need to,start thinking about what was it that,got us to this point there were certain,economic factors that got us to this,point and certain seasonal events was,just the cherry on top to all of the,economic factors that were going on that,i believe led us to this point let's,start with the most obvious one and that,is the spike in interest rates over the,last three months we've seen rates,increase nearly a full point from the,low fours all the way to five percent,and that is definitely not something to,just dismiss as a non-factor it,certainly is a factor that being said,let's really think about what this does,what kind of impact this rate increase,has,on monthly payments in the 2 million,price range the average principal,interest taxes and insurance is,somewhere around 10,dollars a few months ago when the rates,were in the low fours the average piti,on a two million dollar home principal,interest taxes insurance on a two,million dollar home was somewhere,between the seven thousand to eight,thousand dollar range just depending on,the interest rate that you would get now,flash forward three to six months later,and we're now in a position where people,are
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No One Is Talking About This
No One Is Talking About This
with so many real estate crash videos,being uploaded daily by various creators,speculating on the future of this wild,housing market the overall feel here on,YouTube and among industry experts is,clearly bearish it's fair to say that,most people at this point believe,housing values are going to fall but,there is one area that gets completely,ignored by almost every Creator on the,platform we know that real estate can be,very siled meaning that while the,national average can tell you one thing,each city has its own unique Market in,some cities a crash can bring down,values by upwards of 50 percent while in,others prices barely budge each town has,its own unique characteristics that,either insulated from crashes or expose,it to massive fluctuations and value the,point I'm trying to make is that when we,talk about real estate in this country,we typically think only about common,coastal cities and boom towns rarely,does this place get talked about the,Midwest while speculation and price,growth have almost always been extreme,in cities like Phoenix San Francisco,Seattle Boston Vegas and Nashville there,are millions Millions out there in,Detroit Cleveland Pittsburgh and,Indianapolis who would love to know what,is happening to these historically,insulated markets while it's easy to,ignore this part of the country let's,not forget that the Midwest is home to,over 70 million people representing,nearly 20 percent of the entire U.S,population so how bad will the crash be,for the Midwest well to investigate that,question we first need to take a step,back to the last big crash and look at,the Midwest through a lens of comparison,reviewing the national home average and,comparing that to the prices in the Rust,Belt cities what we find is concerning,and fascinating just to give you some,perspective back in the 2008 crash home,values fell 28 from Peak to bottom that,was the commonly referenced national,average which takes into account nearly,every area of the United States now in,this downfall prices fell for five years,bombing out in February of 2012 and they,took nearly 11 years to recover that,means if we pretend that you were the,unluckiest home buyer ever and bought,your home in July of 2006 right when,prices peaked you would have not been,able to sell your house for the same,price until January 2017. pretty dismal,but for those of you who lived through,the 2008 bubble there is likely a large,portion of you that experienced a drop,much worse than this for example Vegas,which was one of the worst hit cities,saw a 62 percent decrease in values from,August 2006 to March 2012. and if you,were the unluckiest Vegas home buyer and,bought an 06 at the peak you wouldn't,have been able to sell your home for the,same price until June 2021 or nearly 17,years of waiting for your Equity to,recover so I say all this because it's,clear that depending on where you live,your value in a crash may be more than,two times worse than the national,average suggests it's commonly bel
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Redfin’s 2023 Housing Market Forecast: More Trouble Ahead
Redfin’s 2023 Housing Market Forecast: More Trouble Ahead
and welcome back and happy holidays,everyone thank you so much for joining,me in today's video I noticed that,Redfin posted their real estate market,predictions and housing market forecast,for,2023. they're actually forecasting that,home prices are going to decrease in,2023 and that'd be the first time in a,decade on top of that they're,forecasting that home sales are going to,be decreasing big time in 2023. so,there's that and a lot more in their,housing market forecasts here so with,that said let's go ahead and Dive Right,In this is our halcy Market predictions,through 2023 here it says we expect home,sales to sync to their lowest levels,sent in more than a decade in 2023 as,high mortgage rates keep housing costs,up and prevent people from moving hi,homeowner equity and a resilient job,market will Stave off a wave of,foreclosures here mortgage rates will,take center stage in 2023 with high,rates likely to make it the slowest,housing market a year since,2011. so we're staying here because we,have this affordability issue in the U.S,and of course because rates still remain,very much elevated compared the past,couple years here we're gonna have a,very slow housing market the slowest,since 2011. so here's their first,healthy Market prediction for 2023. home,sales will fall to its lowest levels,since 2011 with a slow recovery in the,second half of the year we expect about,16 percent fewer existing home sales in,2023 compared to 2022. and by the way,Based on data right now we're on,forecast we're on track to have about 5,million home sales existing home sales,in 2022. in 2023 they're expecting 16,percent fewer compared to 2022. so,they're expecting only 4.3 million,existing home sales in 2023 and people,will move only if they need to and they,cite this decrease of 16 percent on any,of your basis for home sales is mostly,due to affordability challenges that,we're seeing right now so at 4.3 million,this is uh so much lower compared to,2021. in 2021 there's approximately 6.1,million home sales and again this year,we're expecting around 5 million uh,close home sales for the entire year of,2022 only 4.3 million are forecasted in,2023 and this is actually pretty,remarkable because at 4.3 million have a,look at this here's analyze home sales,in November so annualized home sales in,November which which basically means,based on the current sales Pace in,November you analyze that number you,would have approximately a 4.09 million,home sales for the next 12 months if you,have the same sales Pace this November,you'd have approximately 4.09 at year,end or over the next 12 months so at the,analyst Pace right now at least after,the end of November at 4.09 million,excluding the onset covet which is May,2020 that's the lowest levels since,November 2010. so in other words based,on the current sales Pace right now it,makes sense we're going to see a huge,decrease in home sales potentially in,2023. you also can see that when looking,at pending home sales because look at
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2023 Housing Market Forecast
2023 Housing Market Forecast
buying a home in 2023 is going to look a,lot different than years past everything,from inventory to inflation to the,number of home selling to house prices,is going to be different and in today's,video we're going to give you some 2023,real estate projections where I see the,housing market going now I want to be,really clear these are my projections,last year I was completely wrong when it,came to interest rates but one thing I,have nailed over the last couple of,years ever since the start of the,pandemic is house prices the idea that,housing was going to continue to do well,and in today's video we're going to talk,about what I see for 2023 so if you're a,buyer seller investor out there you have,an idea of what's going to happen in the,real estate market so you can make the,best decision for you now I want to,start today's video by offering a,suggestion if you will if you're,planning on buying a house in 2023 the,best thing you can do is not pay,attention to the media not pay attention,to the headlines and the primary a,reason for that is because most of the,information that's going to be coming,out is going to be bad news especially,compared to year over year what you have,to understand when it comes to housing,data is that it's lagging and in many,cases it's lacking by two to three,months which means the data that you're,getting now is actually about three,months old and on top of that it's,compared year over year in many cases so,when you had a blockbuster start to 2022,like we did last year and then you get,the data coming out for 2023 in those,same months it's going to look really,bad because 2022 was such a strong start,to the year so just understand when,you're looking at that data The World,Isn't falling apart the housing market,isn't crashing it's not collapsing it's,just likely showing a slowing year over,year which is to be expected we're,coming off two of the hottest years in,real estate that most people have ever,seen and as things start to slow down as,we've seen they already have you know,with the number of home selling with,prices dropping in some areas the media,a lot of people out there the doom and,gloomers want to make it seem like the,world's falling apart when in all,reality that's not what's happening but,I want to spend today's video and,actually talk about my expectations for,the 2023 real estate market so you can,make the best decision for yourself but,one last thing I want to ask before we,dive into that is that you hit the like,button and feel free to subscribe to the,channel to stay updated on everything,real estate related the first prediction,I want to start with for 2023 is the,number of home selling in fact the,National Association of Realtors just,came out and said that they're expecting,4.78 million homes to be sold in 2023,compared to 5.12 million in 2022 and,while I don't personally have an exact,number of homes that I expect to sell in,2023 I do know the number is likely,going to be less than 2022 and the,rea
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San Francisco Real Estate Prices Falling | Bay Area Housing Market Report 2022
San Francisco Real Estate Prices Falling | Bay Area Housing Market Report 2022
ABC news reports that San Francisco home,prices are falling faster than any other,city in the country but what does this,mean for all home buyers and sellers,here in not just San Francisco but the,entire Bay Area coming up on this,Silicon Valley snapshot,we are used to seeing the Bay Area break,many housing market records but not this,type home prices in San Francisco are,falling faster than any other city in,the country that is not an award you,want to win and we're going to get into,how this affects San Francisco home,buyers and sellers and home buyers and,sellers across the greater Bay Area but,before we get into the data before we,get into the numbers if you are a home,buyer in today's Marketplace and you're,looking for a comprehensive data report,to assist you in your home buying,decision making you can text the word,data plus the area or the neighborhood,or the ZIP code that you're looking in,and we'll get a data report sent,straight to your inbox and if you're a,home seller in today's Marketplace and,you're looking for a comprehensive data,set to assist you in pricing your,property or maybe you're trying to,decide when should I sell my property,should when can I expect to get the most,amount of money for my home should I,sell now or should I sell later well all,those questions will be answered when,you text the word data plus your,property address to the number down,below this article here published by Tim,Johns of ABC7 in the Bay Area clearly,demonstrates that there is a true a true,cooling off of the Bay Area housing,market and and honestly this is not,front page news we we've known for a,while and if you've been watching my,videos here over the last several weeks,you'll see the data the data is very,clear San Francisco's hurting right now,and a lot of the other cities around it,are also not doing great and so what,does this mean for all of us here in the,bay before we go there let's just read,the article here real quick according to,one housing index Tim Johns writes,housing prices in the city by the bay,drop faster in August than in any other,city in America a 4.3 percent decline,since July a couple of months ago it was,academic we heard that there were,changes coming but I'm sensing on the,street that folks are feeling okay it's,here it's changed it's according to,Realtor John Wong shout outs to you John,there are numerous reasons behind the,drop according to economists we've seen,interest rates going up there very,quickly faster than they've gone up,since the 1980s the Federal Reserve has,been pushing up short-term rates and,mortgage rates have responded as well,said Economist Daniel Altman now again,this is not Front Page News what's,happening though and we're seeing it is,that San Francisco which was already if,you've been watching these videos for,many years you've seen the data you've,seen the numbers and San Francisco has,not been doing well for a good period of,time and so to layer on increasing rates,Etc it's only going to exa
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What to expect from the housing market in 2023
What to expect from the housing market in 2023
>>> POTENTIAL OR EXISTING ,HOMEOWNERS MAY BE WONDERING ,WHAT THIS YEAR WILL BRING TO ,THE HOUSING MARKET. ,>> YOU MAY WONDER IF YOU ,SHOULD BUY, CONTINUE TO RENT OR ,REMODEL. ,EXISTING HOME SALES DROPPED FOR ,THE 10th MONTH IN A ROW LAST ,NOVEMBER. ,THAT'S DOWN MORE THAN 35% FROM ,A YEAR PRIOR. ,>> HERE IS WHAT IS ,INTERESTING. ,DESPITE A DROP IN SALES HOME ,PRICES HAVE KICKED UP ACROSS ,THE COUNTRY. ,THE MEDIAN EXISTING HOME PRICE ,FOR ALL HOUSING TYPES WAS ,AROUND $371,000 IN NOVEMBER AND ,THAT'S UP FROM $358,000 IN ,NOVEMBER OF 2021. ,>> JASON IS HERE TO HELP US ,FIGURE IT OUT. ,IS HE THE CO FOUNDER OF PARCEL ,LABS. ,JASON, WHAT IS -- LET'S START ,WITH THE VERY BEGINNING OF ,THIS. ,WHAT'S YOUR FORECAST FOR THE ,2023 HOUSING MARKET? ,WHO WILL WIN? ,>> FIRST OF ALL THANK YOU FOR ,HAVING ME. ,IT'S AN EXCITING TIME TO BE IN ,RESIDENTIAL REAL ESTATE. ,TO TALK ABOUT 2023 WE REALLY ,NEED TO TAKE A LOOK AT WHAT ,HAPPENED IN THE LAST HALF OF ,2022. ,WE HAD A HOME PRICES STARTING ,TO COME DOWN BECAUSE OF ,INTEREST RATES. ,SO YOU HAVE -- YOU KNOW SKY ,HIGH APPRECIATION FROM THE ,PANDEMIC NOW MET WITH HIGHER ,INTEREST RATES AND THIS HAS ,CAUSED,AFFORDABILITY CRISIS. ,THAT'S SET THE STAGE FOR WHAT'S ,LIKELY TO HAPPEN IN 2023. ,THERE'S TWO POTENTIAL PATHS. ,PATH ONE IS WE GO INTO A ,RECESSION. ,THAT ADDS A THIRD FACTOR TO ,HOME PRICES. ,WE HAVE THE SKY HIGH HOME ,APPRECIATION FROM THE PANDEMIC. ,HIGHER INTEREST RATES AND A ,RECESSION. ,THIS BRINGS OUT BUYER THAT HAVE ,LESS SECURE JOBS. ,IT'LL BE -- THERE'S NOT GOING ,TO BE ENOUGH BUYERS. ,IN THE SECOND PATH WE STILL ,HAVE TO KEEP TIGHT CONTROL OVER ,INFLATION. ,SO THE FED WILL BE CAREFULLY ,MONITORING INTEREST RATES. ,THIS SITUATION WE DON'T HAVE TO ,WORRY ABOUT THE RECESSION JOB ,SECURITY PARTS BUT HOME PRICES ,STILL NEED TO COME DOWN BECAUSE ,INTEREST RATES AREN'T GOING ,BACK TO 3, 3.5%. ,FOR MORE TO ENTER THE MARKET ,HOME PRICES NEED TO DECLINE A ,BIT FURTHER. ,SO I SEE HOME PRICES COMING ,DOWN. ,>> IF THERE IS A POTENTIAL ,HOMEBUYER OUT THERE NOW WHAT IS ,THE NEXT DATA POINT THEY SHOULD ,FACTOR INTO A DECISION? ,IS IT IF INTEREST -- SOUNDS ,LIKE YOU ARE SAYING AT BEST ,WOULD SAY FLAT. ,WHERE IS THE INDICATION IF A ,RECESSION IS KICKING IN NOW OR ,NOT YET? ,>> SURE. ,SO I WAS A HOMEBUYER IN TODAY'S ,MARKET I THINK THERE ARE ,OPPORTUNITIES TO BE ON THE LOOK ,OUT FOR. ,AND YOU CAN LOOK FOR THESE -- ,WHO DO WE NEED TO BE MOTIVATED ,SELLERS? ,ARE IN THE MONEY OF MAKING ,MONEY PER HOME FLIP. ,IN TODAY'S MARKET THEY ARE ,LOSING ABOUT 15% PER ,TRANSACTION. ,I WOULD LOOK FOR LISTINGS THAT ,ARE HELD BY I-BUYERS AND GO ,INTO GREAT OFFERS TO GIVE ,YOURSELF THE ADVANTAGE. ,THE SECOND ARE DEVELOPERS. ,AT THE BEGINNING OF THE YEAR ,HOUSING STARTS WERE AT A FIVE ,YEAR HIGH. ,THERE WERE HIGH LABOR AND ,CONSTRUCTION COSTS AND THE ,HOUSING MARKET WAS GOING ,THROUGH THE ROOF. ,THAT IS NO LONGER THE CASE. ,DEVELOPERS ARE MOTIVATED TO GET ,OUT OF THIS MARKET AS WELL. ,I WOULD CONTACT DEVELOPERS AND ,I WOULD BUILD RELATIONSHI
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