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Is The Housing Market Cooling Off Too Fast?

This Post Has 10 Comments
  1. From the first 11 minute video:

    How to take advantage of the house market shift in the San Francisco Bay Area?
    Aug 19, 2022 How to take advantage of the house market shift in the San Francisco Bay Area?

    In the year of 2022, we are encountering not a market crash, but a MARKET SHIFT. One of the benefits of this transitioning market is the increase of inventory and people’s lack of awareness of it; or people’s inability to transition well. And YOU can take advantage of the market shift!

    But, what first is a shifting market?

    Buyers have more power in a buyers market, whereas sellers have more power in a sellers market. It’s gonna be a very slow transition into a buyers market where people won’t have to overpay as much. That’s why it is not considered as MARKET CRASH.

    Now let’s talk about how you can take advantage of a market shift. Here are some pieces of advice:

    FIRST, you do not need to OVERPAY for every single house;
    SECOND, be AWARE of your situation; and
    THIRD, be OKAY walking away.

    The second 10 minute video:

    SF Bay 6 counties Aug RE Market: home sales plunge, price drop, inventory up, take longer to sell
    408Home&Loan Inc
    Aug 20, 2022 Aug 2022 Report: Housing market update for San Francisco Bay area 6 Counties(Alameda, Contra Costa, San Francisco, Marin, San Mateo and Santa Clara) + Sacramento County. Each County Median Price, Home Sales, current Inventories, Days on Market. Housing Sentiment index: is it good time to buy? Will interest rate fall? Will price rise in next 12 months? What is the housing supply and demand in San Jose today? How much do you need to bid up in order to get your offer accepted?

    The third 6 minute video:

    South King County Housing Market Update: More Inventory, Less Home Buyers
    Aug 19, 2022 The king county Housing market has been changing rapidly in the past few months, with more listings coming on the market and prices softening. This is largely due to the FEDs action to control inflation, which has led to higher interest rates and made it more expensive for buyers to finance a home purchase. However, there is still a lot of demand for housing, and we saw this recently when interest rates went from 6% to around 4.75%. This led to more pending sales, as buyers were able to finance a home purchase at a lower monthly payment. Overall, the average days on market in all cities increased by 45% from the previous month of June to July 2022.

    The fourth 10:23 video:

    Nashville Housing Price Declines 3 months in a Row!
    Ethan Flynn, CPA | Real Estate
    Aug 20, 2022 Analytical approach to the Nashville Tn Housing Market.

    Nashville Housing Market Update specifically charting daily changes in Davidson/Williamson County ~50% of Nashville MSA.

    Hey all. Thanks for watching. My goal is to find the story in data and tell it in an engaging way where you learn something. This is my own personal Youtube Channel. I’m on a buying journey and just telling what I learn. I’m not selling anything. This isn’t financial advice.

    The last 11:26 video is from WBAP radio in Dallas Fort Worth:

    Is The Housing Market Cooling Off Too Fast?
    Aug 18, 2022 Housing prices have been on the rise for the past few years, but there are now signs that the market may be cooling off. In this video, we take a look at what’s happening and what it could mean for buyers and sellers in the real estate market.

    1. Regarding the second video: The median price of a 3/2 in the San Francisco Bay Area on the peninsula is over $1.6M, nearly $1M in the east bay and roughly $1.7M in the south bay. The median household income in the areas cannot support a mortgage in these areas!

  2. ‘The Ethereum floor price of the Bored Ape Yacht Club (BAYC) NFT collection has dropped to its lowest level since the start of the year, amid a continued NFT market slump and wider crypto market crash.’

    ‘At 65.68 ETH, the floor price of Bored Ape Yacht Club NFTs has fallen to levels not seen since January 2, 2022. According to data from CoinGecko, it has been on a downtrend since reaching an all-time high of 153.7 ETH on May 1.’

    ‘However, it’s not all bad news for Bored Ape holders. Ethereum’s fluctuating price means that in dollar terms, the BAYC floor price is around $107,000 today; substantially lower than at the start of the year, when it was just under $256,000, but up from a low of just under $87,000, recorded in June.’

  3. ‘Concerns about inflation and mortgage rates are among the reasons for slower sales, Craig Wolf, 2022 Maryland Realtors president, said in a news release.’

    ‘The Maryland Realtors’ release quoted Lisa Sturtevant, chief economist at Bright MLS, as saying that “this market is more than just about mortgage rates: affordability challenges, higher home prices, economic uncertainty is really what’s driving this pull back.”

    1. “uncertainty”? 🤣🤣🤣

      Translation: We’re shitting our britches because we’ve been neck deep in fraud for years.

  4. ‘In a nutshell, this is the interest rate on mortgages minus the current inflation rate. “With inflation running so high right now, even though mortgage rates have risen, the real mortgage rate is a negative number,” says Kate Wood, home expert at NerdWallet.’

    Bingo Kate, yer rate today is negative 4%! Guberment is losing money hand over fist to keep this bubble alive.

    1. If you can’t afford the monthly nut, it doesn’t matter if mortgage rates are less than inflation.

      1. if mortgage rates are less than inflation.

        If house prices are falling faster than that, who would want to make the payments?

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