An URGENT Warning to First Time Home Buyers | LIES EXPOSED
Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as home sales, home prices, inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.
Some Trends to Focus on:
Home Sales: This data reflects the number of residential properties that have been sold within a specific timeframe. It helps gauge the level of activity and demand in the market.
Home Prices: Information on home prices is crucial as it indicates the value of properties and helps track trends in appreciation or depreciation. It may include average sale prices, median prices, or price per square foot.
Inventory Levels: Inventory refers to the number of homes available for sale in a given market. Tracking inventory levels helps determine market supply and demand dynamics and whether it is a buyer’s or seller’s market.
Days on Market: This metric measures the average number of days it takes for a property to sell after being listed. It can indicate the speed at which homes are being bought and provide insights into market competitiveness.
Mortgage Rates: Knowledge of current mortgage rates helps buyers and sellers understand the cost of borrowing money for purchasing a home. Fluctuations in rates can impact affordability and buyer demand.
Foreclosure Rates: This factor highlights the number of properties in foreclosure or at risk of foreclosure. It provides insights into the health and stability of the housing market.
Market Trends: Market updates often include analysis of emerging trends, such as the popularity of certain neighborhoods, shifts in buyer preferences, or changes in housing preferences due to external factors like remote work.
Local Market Data: Housing market updates may also include data specific to a particular city, region, or neighborhood. This helps individuals evaluate the local market conditions and make more informed decisions.
For correspondence please email me at:
[email protected]
For faster correspondence, please email Jullian Lopez :
[email protected]
Helpful Links:
1. How Much Interest Really Cost Calculator
https://www.consumerfinance.gov/owning-a-home/explore-rates/
2. How Much Can You Afford Calculator
https://www.calculator.net/house-affordability-calculator.html
3. Debt to Income Ratio Calculator
https://www.calculator.net/debt-ratio-calculator.html
4. Amortization Calculator
https://www.calculator.net/amortization-calculator.html
Data Source:
#1 realtor.com
#mortgagerates #realestatenews #housingmarketupdate
My Personal BIO, OUTSIDE of Real Estate Mindset:
Travis Spencer
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036
Travis Spencer
TREC Provider #10299
Travis Spencer
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.
source
Also good news. The realtor that mislead me got fined and has to go to classes. She was unethical. I’m from the NJ area where there is in attorney review. Most of the other states don’t have it. I lost a down payment bc she didn’t explain to me things properly that it not refundable. She tells me after I wanted to back out (8 hours later)
Entry level homes are 75% of subdivision homes with small lots. I say basic brick large amount of siding slab 2 car garage is entry level new home. Those used to be $89-115k in mid 2000s
👍👍👍😊
Housing went from Dusty Rhoades to Cody Rhoades….. Nice 😢
You continue to provide needed information for home owning success.
Buy now foreclose later
I'm buying because i hate that my property manager can just come in and invade my privacy at will. It feels like every month they coming in my home for SOMETHING. I'll pay more for privacy.
The definition of home owner means you pay it off no mortgage!
If you still paying mortgage you don’t own it you just live in that home.
national average 30-year fixed mortgage APR is 7.76%
Fomo-fools its time to lose!
There won’t be a substantial job loss anyways
Possibly a stupid question but since I'm new to the Houston area….why are seller's okay with paying the closing costs? Is it really that common?
Go splurge in OC Travis pull out 4 bed 3 bath casita with backyard pool size lot!🧤✈️
Thank you Travis. Great video. Thanks for stating the truth !
The government need URGENTLY issue regulation to push big coporate out of housing market. Increase brutal tax fpr who has house more than two and giving incentive for building starting home.
They need to bankrupt all this greedy corporations that by all the home . They make dream crush from getting just one home to live in👊👊👊
Price ALWAYS matters! The only time I suggested purchasing and refinancing is if the price is good. A lot of other realtors aren’t honest or don’t know because most buyers near me move frequently because they’re in the military. These poor people get stuck renting for a very LONG time if they paid too much. Plus they don’t have equity to look forward to for many years. Wait!!! Price right now is #1!
Seems like no matter where you go in Maryland the housing prices are all the same, unless youre in dirty ass Baltimore. You could buy a garbage home that needs completely renovated for about 280,000!
What is your opinion of lease options for the first time buyers? Many current renters might be able to negotiate a certain future purchase price with mom and pop landlords and a percent of rent going toward that future purchase.
The "buy now, refinance later" crowd is sketchy as hell. This is the sort of attitude that makes people poor. Buy your Rolex today, pay it later, over time, at stupid high interest rates. I dislike Dave Ramsey for many things, I don't think he gives the best advise… but I do agree with him that apart from a house, anything else that you buy, if you cannot pay cash for it, you should not be financy. And for the house… wake up people, stop trying to second guess what the fed/interests will do in the future. Look how banks got screwed up earlier this year…. and banks have far more access to information/research/analysis than you do. If banks can get screwed up… you can as well. Don't blindly take advise from a person that has a conflict of interest with the advise they are giving. It is not always bad advise, but…. you don't want to take the risk anyway. The realtor's commission comes from you buying, and the realtor commission is also higher if the price is higher. Seriously, if you cannot COMFORTABLY afford a house, don't buy it or you will regret it the very first time you get the slightest snafu.
Thanks
It's pretty sad but this is nothing new. Every bubble crash there are ultimately a significant number of new marriages that self-destruct because after 3 or 4 years paying a mortgage on a property severely underwater and trying to hide it from relatives and friends the blame and regret becomes too much for a couple to even look each other in the eye over the breakfast table. It will be harder this time around because everyone can just go online and see what your home is valued at and see the purchase price. The industry is partly to blame but people have to educate themselves before they enter contracts.
Time to give up. Look for land. Park a trailer and build.
As a Realtor myself it makes me sick how most agents are willing to screw over their clients just to make a sale!!! Any agent that’s says “buy now, refinance later” should lose their license!!!!! IMHO!!!
How do you get your dog to sit so still in every video?
Hi Travis
This one’s for the A l g o
Blessings, Carlos ✝️🙏❤️😊🇺🇸
You say “seller pays closing cost”, please clarify, are you saying the full closing costs or just helping with a percentage of closing cost?
Enjoy!
🤘😎🤘
P.S. late!
Decided to put an offer in on a house here in Florida within 24 hours and was already beat by somebody else. It’s still rough here.
Institutional home buyers turned the American dream to American nightmare… this sentence is the best description of current state of real estate in USA.
As a seller. I’d only pay buyers closing costs and/or buy down their interest rate if I was desperate to sell my house or I jacked up the price to cover those costs.
Cancelling Netflix= paying 10% of your mortgage in some area…
Am single, just moved back in with my parents today. Work commute will be hell, but at least it will be a hybrid work schedule. I can keep that up for 6-9 months, then go someplace to rent if housing prices are still like this.
Real estate needs to crash 70 percent and shake out investors
In Vancouver in 1980 it happened bought a house listedfor 260kfor 103
fha loans are avoided like the plague if the house needs any work at all.
👍🏻
Hello Travis..hope you are well…I just finished watching the movie The big short n 99 Home… sad n Mind blowing … 😬😬😡😡
Housing will rise all class categories will grow exponentially get ready for the 40year mortgage
This is the first channel I’ve come across for housing market information that isn’t telling people that “ right now is the time to buy” even though interest rates are at record highs and housing prices are 300%+ over reality. Thanks for being humble sir.
Hey i want to buy an overpriced home and have 10 children, who cares if i can't afford it
I have an idea to reduce home pricing substantially… make all people who want to purchase a home… mandatory 20% down.. housing prices would be like a falling knife..
Travis I have a credit question, I have an auto loan at 9% i can afford my payments just fine but I have a personal loan offer at 4.6% I’m curious if it would hurt my credit more to have the personal loan but at the same time it seems more logical to use the personal loan to pay off the auto loan as the interest on the personal loan is half of the auto loan? Thoughts from a credit standpoint?
Hi Travis! Hey I have a question about online Money Market accounts…we won't be moving our emergency money around too much. I just need it somewhere, if I need to get it out I can. I was looking at BMO Alto, Betterment Cash Reserve, and Wealthfront. Thoughts?