The Biggest Housing Crash Of Our Generation Is Coming

Let's talk about declining home sales and what this means for the 2022 Housing Market - Enjoy Trade Bitcoin Doge and other crypto with low fees on FTX Use my referral code GRAHAM and get up to 100 FOR FREE a https 3A 2F 2Fftx us 2Fpartners 2Fgraham a - Add me on Instagram GPStephan GET YOUR FREE STOCK WORTH UP TO 1000 ON PUBLIC READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM a http 3A 2F 2Fwww public com 2Fgraham a CHECK OUT THE CALCULATED RISK BLOG a https 3A 2F 2Fcalculatedrisk substack com 2Fp 2Fhousing-dont-compare-the-current a GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER a http 3A 2F 2Fgrahamstephan com 2Fnewsletter a The YouTube Creator Academy Learn EXACTLY how to get your first 1000 subscribers on YouTube rank videos on the front page of searches grow your following and turn that into another income source https the-real-estate-agent-academy teachable com p the-youtube-creator-academy product id 1010756 coupon code 100OFF - 100 OFF WITH CODE 100OFF Every month the National Association Of Realtors publishes their data on the latest market updates home pricing and mortgage trends to give their insights as to the direction of our economy Most recently mortgage Demand Plummets 22 new applications for a mortgage fell 19 lower than the same week in 2021 and refinance saw an 80 drop year over year but the most surprising is that Home Prices are now 13 4 HIGHER than they were one year ago Even though more inventory IS being listed the record low pace of days on the market implies that homes priced RIGHT are selling quickly - and homes priced TOO HIGH are simply deterring prospective buyers The blog CalculatedRisk points out that - in terms of what could happen in the future look no further than 1978 We ve seen a similar uptick in year-over-year mortgage increases with rates rising by more than 50 - and even though mortgage rates are lower today than in the past there are some striking similarities As Bill points out from 1978 to 1982 NOMINAL HOME PRICES CONTINUED GOING HIGHER but REAL RETURNS - when accounting for inflation - FELL by 11 over three years meaning home prices went UP in terms of DOLLARS but because of inflation the NET VALUE declined even though people s net worths were going up a https 3A 2F 2Ffred stlouisfed org 2Fseries 2FMSPUS a The thing is since homeowners are able to lock low interest fixed rate loans home values tend to remain STICKY in the sense that people who aren t FORCED to sell - won t sell That s why we could very well have prices continuing to go UP even though REAL VALUES might decline So OVERALL these reports are telling us that - higher prices ARE discouraging buyers from making an offer BUT there s still enough demand to keep the market relatively stable In my own very unprofessional opinion I would NOT be surprised if NOMINAL VALUES GO UP while REAL VALUES stay flat or even see a slight drop so that means if you're in the market for a home simply buy what you can comfortably afford and plan to keep for the next 7-10 years but what do I know I m just a talking head on YouTube Are you actually reading this If so comment I'm still reading this No one else will know what you mean but we will - our secret Thanks My ENTIRE Camera and Recording Equipment a https 3A 2F 2Fwww amazon com 2Fshop 2Fgrahamstephan 3FlistId 3D2TNWZ7RP1P1EB a For business or one-on-one real estate investing real estate agent consulting inquiries you can reach me at GrahamStephanBusiness gmail com Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites The content in this video is accurate as of the posting date Some of the offers mentioned may no longer be available This is not investment advice Public Offer valid for U S residents 18 and subject to account approval There may be other fees associated with trading See Public com disclosures

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