4.8 • 692 Ratings
🗓️ 3 June 2025
⏱️ 26 minutes
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0:00.0 | The housing market has flipped. |
0:03.9 | Sellers are up and buyers are down, but the question really is why. |
0:08.7 | Yeah, well, we all knew this was coming, right? |
0:12.1 | Like, you know, rates are at 7%, right? |
0:16.5 | Affordability, people are being forced into rentals. |
0:19.5 | I've been talking about this renter nation forever. |
0:22.7 | And so now it's starting to show up. And what's really interesting, there was a great article in |
0:27.6 | the New York Times this week that basically said at all. There's a couple out of Austin that paid like |
0:34.2 | $600 grand for a home. And they moved and uh they listed the home for 950 |
0:40.1 | and now it's at 9 and a quarter they got like 300 grand equity in it and um the rates below 4 |
0:46.6 | percent so they're like i'm just going to wait i think what's important though is not just the buyers right |
0:52.0 | everyone's focusing on the buyers why aren't the buyers buying houses? Everyone's focusing on the buyers. Why aren't the buyers buying houses? |
0:56.1 | But nobody's focusing on who's selling the actual houses because I think that that's a really |
1:00.7 | important metric. |
1:02.4 | So. Yeah, that's why I mentioned that. |
1:04.6 | Yeah. |
1:04.9 | Because those are sellers that are like, you know, we're okay with, you know, we have so much |
1:09.4 | room. |
1:10.5 | And I think that's the, you know, |
1:12.6 | depending on when you bought it, right? But you have to also look at the age of the sellers. |
1:17.3 | Because that has changed dramatically. This couple was in their 60s. Right. That's a big deal. |
1:22.2 | Yeah, Jerry, can you put up chart one, please? So if you look, you know, we like to compare 2019 because 2019 2020 is hard to |
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