It looks like the FED is on a mission to crash the real estate market, but will it happen? Let's take a look at 3 things that give us a clearer picture of what is happening in the real estate market right now. 

We'll dive into a Fortune Magazine article that outlines these things for you starting with the regional housing markets that are dropping fast and a lot of them tend to be in California. 

Fortune Magazine Article: https://fortune.com/2022/09/18/housing-market-downturn-moves-into-second-stage-falling-home-prices/

#housing #realestate #TristanAhumada #RealestateCrash #RealEstateCorrection #HousingMarket

If you've been following the news you are probably confused as to what's actually happening. We are hearing two sides to the real estate market. Will it crash or will it "normalize"? 

From the data points we have studied and researched we definitely don't see a crash, but we know that the real estate market is regional and different areas will be affected more so than others. Come with me as I dive into some data with you so you can understand what's really happening. 

Redfin Article on Housing Market Update. New Listing fall 12%

Fortune Magazine article on The market not crashing

California Stats are behind a paid wall for Real Estate Agents on CAR.org

 #HousingMarket #HousingMarketUpdate #TristanAhumada

Real Estate is a very perplexing thing right now. One minute it's going to crash, the next it's going to keep going up... Mortgage rates fell hard this week and according to Bank of America's research team, the rates will continue to drop.  

Are we in a recession? If we're not then what will that do to Mortgages and to real estate? Some great questions that we are going to dive into right now. Let's talk Real Estate. 

The housing market correction takes an unexpected turn

What is a recession? 

Mortgage Applications start picking up again, just a tiny bit

#Recession #RealEstateCrash #MortgageRates #Tristanahumada #RealEstate

It's here! We have more data and we can now dive into what is going to happen. The housing market has definitely taken a hit in the last few months. Mortgage rates are up and price cuts are practically everywhere. What you aren't realizing though, is that the housing market is regional. 

Let's take a look at this interactive map put together by Fortune Magazine with the data from Corelogic. We will take a look at areas on the West Coast and the East Coast to better understand what cities will be hit the most, and which ones won't be hit. 

Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market:

#Housing #TristanAhumada #RealEstate #Investing #HousingCrash

Homebuyer competition drops to the lowest level since 2020. The top three areas that now have lower competition according to Redfin Data are Tampa, Riverside, and Phoenix. 

The list-to-sell ratio is still high in many areas, over 100% although we have seen price cuts all throughout the housing market across the United States. Let's see what the numbers say for each of these areas. 

Articles I talked about and used

List/Sell Ratio and what does it mean

List/Sell Ratio stats over the years

The Median Sale Price is up again

The Median Home Price for existing homes sold is up.

#TristanAhumada #RealEstate #Crash #Bubble #Economy #Inflation #RealEstate2022 #RealEstateAgents

The housing market index is down. The FED talking about raising rates by 1%, how will this affect Real Estate this year. Some areas are going to get hit more than others, but does that mean some cities will crash? 

Will all of the metro areas suffer a crash? Let's dig into some data and see what's happening in the world today. Real Estate is changing fast. Dig in with me on another episode of the Real Estate show!  

What is a housing Bubble

Housing Market Meltdown. Home builders halt construction

Monthly supply of new houses according to FRED DATA

Boise and Phoenix look like they are overvalued when it comes to real estate

Investors for real estate show patterns

Migration patterns during the pandemic

Altos research data and what's happening in Real Estate

NAHB Ceo says we are short on housing. Dramatically short. 

Dave Ramsey explains the current market and where we are heading in Real Estate

Is there or is there not a housing shortage in the US? With home prices going down and fewer people buying homes, how does it make sense that there is a housing shortage? Let's talk about housing and some numbers so we can see what's going on there. 

As far as the mortgage rate goes, what can we anticipate to happen when we hit a recession in the US? Will rates go higher and if so how high will they go? Let's use some data and also check what typically happens in the past when it comes to a recession and real estate. 

NPR Article on housing shortages in the United States. 

Wall Street Journal Article on Why Mortgage Rates fall during a recession. 

Investopedia on recession and mortgage rates. 

Dave Ramsey talking about a housing shortage and the housing crash. Minute 13:19

NAR stats on housing inventory. Including active homes on the MLS and new construction

#2022recession #growth #Tristan #economy #HousingCrash #Housingbubble #Crash #TristanAhumada #RealEstate #Coach

I've got the 10 Metro areas in the USA that are cooling the fastest and the 10 Cities that are cooling the slowest. You're going to be surprised. The market seems to be cooling down and it also looks like we're heading into a neutral market.  

Questions about the coming housing crash? Although people relate the housing crash of 2008 to what's happening now, the correlation is incorrect. Let's use data over drama please and look at what's actually happening. 

10 US real estate markets decreasing quickly and 10 USA real estate markets decreasing slowly.

Housing Market Data for July 2022 by Redfin

Should I wait for real estate prices to crash before I buy a house?

#2022Recession #economy #HousingCrash #Housingbubble #Crash #TristanAhumada #RealEstate #Coach

Mortgage rates are falling, but it may not be a good reason behind the drop. In this session, we will talk about 6 things you should know about the housing market for July 2022. We will talk about the Mortgage Rates and we will talk a little bit about the current housing market in the United States. 

We'll dive into two articles really quickly and get you the information you need so you know what's happening for the day when it comes to housing in the United States. 

Forbes Magazine showing that Black Knight Data on Market Stats and how the housing market won't be crashing: https://www.forbes.com/advisor/mortgages/mortgage-rates-drop-july-7/

Market Watch Article on 6 Things You Should know about the market, I don't agree with all of these things, but here's the article: https://www.marketwatch.com/picks/im-the-director-of-forecasting-for-the-national-association-of-realtors-here-are-6-things-you-should-know-about-the-housing-market-now-01656706585

Wall Street Journal Article on Interest Rates Dropping and why they are dropping. Mortgage Rates are tied to the 10 Year Treasury Yield and if a recession hits interest rates will probably drop for mortgages: https://www.wsj.com/articles/mortgage-rates-fall-to-5-30-reflecting-recession-fears-11657202418

I'm listening to a lot of people freaking out about the housing market possibly crashing. A lot of these people are smart people too, but the fear is based on a lack of data and knowledge. A lot of the fear comes from emotion attached to fear or the desire to capitalize on a projected opportunity that may never happen. 

As we stare into the summer housing market one thing is adamantly clear, there is no housing crash coming as of right now. In fact, as you dig into the data you also find that real estate is regional and it's a supply issue more than a demand issue. Dig into the housing market of 2022 with me. 

Altos Research Graphs by Mike Simonson

Chairman Powell talking about housing prices going up still on Minute 55

Fox News saying interest rates won't go up past 4%

Bar Graph showing Last 6 Recessions

What the housing market correction will do by 2023. The Fortune Magazine Article