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rates heading back up next week after CPI and fed meeting.
21
Every day you wait to buy, you are saving yourself more money!! The longer you wait, the more money you save!!
18
Fed just came out today and said there is going to be “pain” ahead. We are just getting started with lay offs and recession.
11
mortgage rates still need to go much higher in order for this to come to fruition. 5-5.5 on the 30 year will stop the bidding wars but it won’t correct prices. The fed doesn’t want the housing market to crash. They just want to slow it down. Rates will stay here and things will level off in most regions.
5
Great video!! Back in 80s Fed did same. Eased up on rates and inflation came right back again. Same will happen this year and Fed will have to raise rates further. Home prices and core CPI are still ridiculously high.
5
current real estate crash/correction will take approx 5 years to play out. Be patient.
4
Great video Travis!! No one speaks of QT and the effects on rates. Can we please analyze this more? Fed funds rate is only one tool. Unemployment projected to go above %5.00. Recession will deepen. More bad news on home prices will come out. Prices will continue to drop gradually over time.
4
Buffalo NY is now one of the most inflated real estate markets in the country, especially when you factor in NYS mortgage tax !! If you want to buy in a decent neighborhood, you’re looking at $500,000 and higher with $15,000 year in taxes!! ….and you can’t even get your street plowed !!
4
Love your videos!! Home prices aren’t coming down unless we get over %5.5 unemployment or higher. There are still bidding wars all over the nation.
4
Great video!! Valid points!! The national market is trending down and it will take a few years to bottom, just like 2008. Unemployment is still low, which gives fed the green light to leave rates higher for longer. This is the new normal. Fed needs to take money out of the economy so they will pay you to save vs spend !!
3
Buffalo NY. Prices start at 500k for an ordinary colonial. 15k/yr in NYS property tax !! monthly payment exploded
2
Is that home for 999k and 1.35mill on an inlet ? Either way those prices are ridiculous!! Those streets look like they need a good cleaning.
2
reality - if you live in sunbelt you’ll probably catch a deal - if you live in cold weather states, you are screwed!!
2
inflation isn’t going down - fed is raising more - refi later ? in 10 years ? How DUMB!! Limit foreign investment
2
great video - no idea what is keeping housing afloat - rates need to go to %10.00 pronto
2
Sunbelt markets are correcting. Rust belt markets are still going higher!! If you didn’t get PPP then move to a trailer park!! %5.5 mortgage isn’t scaring anyone!!
2
amazing video - housing crash is regionalized for now to overbuilding. Nothing like this is happening in the NE or rust belt. Factor in our property taxes and you are screeeeewed !!
1
great video Travis !! Great advice!!
1
Travis always has his facts straight!! Nice to see!! Thank you !!
1
Fed will backstop banks again with taxpayer money. Lending standards will be more stringent. Prices will dip with tighter lending
1
**surge :)
1