Buy NOW or WAIT? The Housing Market Is About To Shift

@jebsmith, you need to clear out some bots from your comments.

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

There is no right or wrong time to buy your primary residence. Its all about you coming to terms with what you can afford. Whether you can refinance or not in the future is secondary. You have to be sure what you buy now is what you can "Comfortable" afford at the moment and not what you can possibly afford after refinancing. You definitely should not buy thinking you can make a quick buck by selling it in a few short years.

I'm actually in the process of getting pre approve for a loan thinking exactly that, if rates get lower I can refinance because if keep waiting homes are still going up specially here in Orlando Florida area.

There should be a limit on the number of homes investors should be able to own. With our population increasing, it is becoming increasingly difficult to find homes.

In order to buy cheaply, I'm waiting for a housing crisis after selling a few houses in 2023. I've been considering buying stocks as a fallback. Do you have any advice on when is the greatest time to make a purchase? On one hand, I continue to see and read about traders making more than $$$k per week. On the other hand, I constantly hear that the market is crazy and in the midst of a dead cat bounce. What causes this?

Refinance cost money and you might not qualify if your house isnt worth as much. Just horrible advice from a realtor.

The market will correct in time . 😊

@Jeb Smith what kind of questions should i be asking when buying a home? Im 23 and want to build equity. Im looking to buy a home with in the next year or 2. I would be a first time home buyer / owner. Are there are tips you give me?

real estate = investing?

100%, we are already in a recession.

I wish I could disable the clicking sound effect throughout the video. Very distracting.

Buying a house is related to your hustle. I'm not in the market today as I currently have five homes and I'm not ready for number six.
Why do I say 'hustle'? Getting a deal takes work and yet it is possible. I can prove it to myself when I want to. Hustle means I am knocking on doors of people who own their home with no mortgage and seeking to create wins for everyone. Today, all of my homes are in high-end neighborhoods or are going into such. Watch the news and cry. Want a house to call home? 
Get busy. I'll bet you this falls on deaf ears. Lazy and dumb? Likely not. Scared and naive? Likely so.

If you are asking questions, you should wait. It’s so simple

Thank you!

It depends 100% on your market. Some markets will go down and make refinancing impossible. It is extremely likely that a large number of markets will not go up or down. So, you will still not be able to refinance with 5% or less down.

Sooooo your saying middle class first time home buyers will never to be able to afford to purchase a home

Building new homes has slowed down alot my husband works in construction and some days he doesn't even have work because lack of inventory praying things change soon

In order to stay afloat in the housing and finance market, I believe it is vital to have a reliable financial plan. Personally, I work with a fixed income planner and portfolio manager in the USA.

I believe the Fed is cornered and must lower rates. I predict 2024 will look just like the first 2 QTRS of 2022. Extreme demand, extreme activity, and extreme migration. How extreme will largely depend on how fast they cut. If were in charge of the Fed, I would cut big and fast. Reason being is if they cut slowly, they run the risk of limiting supply since slowly lowering rates will bring back buyers but not a lot of sellers. Most sellers won't sell unless rates get down to 4.5-5%. It is my opinion that if they cut rates to get mortgage interest rates down to 4.5-5% right away, you'll have a more balanced market of buyers and sellers and lessen the risk of housing prices going a lot higher.

I believe the Fed will cut rates aggressively starting either in March or possibly in January. The reasons why:

No more government giveaways since we have a divided House (IMO this was the main cause of inflation, not the Fed)
Slowing economy
Slowing inflation
Deflation in certain sectors
Declining energy prices
Interest on the Federal Debt (this is the main reason why the Fed will cut soon)
Record Federal deficits (scary amount)
Possible war (this could potentially increase our current spending 10x)
Commercial properties adjusting which is causing major problems for regional banks (this problem gets solved by lowering rates)
Declining wage increases (a wage-price spiral is the Feds only remaining concern, and it appears to be abated)
Election year

My wife and I are in the process of having a new construction house built in Southern California. Thank you for these great videos. They reassure me that we are making the right move. Builder incentives are really good right now and are offering $15,000 toward closing costs or rate buy down plus covering the first year HOA fees.

If you can afford to buy a house go ahead… don’t stand on the sidelines. Bidding wars are coming!!!

I guess negative people will be negative and positive people will positive.

After what I've been seeing the last couple of months in Florida, WAIT. For sale signs popping up everywhere. Price drops are abundant. This bottom won't show at least a few more years out. Price declines will continue. Tampa, FL.

what you say is true about sellers needing a place to live and creating an equalization of inventory but i think your underestimating the rise of inventory within the next 3 years

Hey Jeb, did you see the “you tuber” “Real Estate Mindset, throwing shade your way?

This is Macaroni review. Referecing propaganda articles is a poor way to analyze a market it's either too late or tainted.

So this guy is basically saying a recession/job loss is quite possible but buy now anyway because rates and prices today and 2 years from now might not be much different. Yes, do this and risk your financial life to pay real estate agent’s paycheck. No thank you

Wait, the crash is coming, millennials can finally get houses on the cheap

Don't buy nothing. Put your money in a 5%> savings account APY.