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I'm glad to see some caution on your channel. There's too much FOMO going on.

What happened to all those millennials that were let go by Twitter, Microsoft, Amazon, Google, Facebook? Those are a lot of homes that cannot be paid. Many of these dont hold a degree and lack the math and engineering for doing AI, so how are they getting a job now?

Thank you Jason, really appreciate this channel and your analysis

The big question is: If unemployment rate goes back to the normal 5.5% what will happen since it is taking 2 incomes to pay for a house? 2008 prices went all time high and income didn't readjust. In less than 3 years prices went up rapidly not allowing income to catch up.

perfect time to buy a house guys. forclosures are down😅

Somebody is lying. Per ATTOM, foreclosures are on the rise, nationwide.

people finally getting evicted so now home owner can get actually paid, thus letting them catch up on payments. some could see this as a good tbing, others a bad thing. just wait till the gloomy data catches up after the lag from BOTH fiscal and monetary policies.

Some remote areas of California are hitting 2021 prices already, but the dataset is skewed by trade groups that manage not only the sales mechanics but also the data. Builders have been cutting prices for over a year.

great info. Thanks so much. I'm hoping one rate drop will also drop this inventory level in ATX.

No rate cuts

This does not bode well for prices or interest rates to come down.

So if you're waiting for a large influx of foreclosed properties to the hit the market, you'll be waiting awhile.

I think we are going to see a big foreclosure crisis. Many people are holding on to their housing because the media convinced everyone that houses are going to be increasing 30 percent per year. Once the houses start to decline the 3 percent mortgage rate is not gonna be important any longer and people will start dumping. Everyone I know bought houses in the last 3 years and they are certain that 5 percent annual price increase is history and now it's 30 percent per year and that is why they are holding on to the houses not because they have a low APR. People think they caught a golden fish that's gonna make them rich in the next few years. All euphhorias ended up as a crash from 1906, 1929 all the way to recent years such as 1999 Dot-Com and 2003 - 2006 one. I don't expect this one be any different.

This data paints a totally opposite picture. I dont know whom to trust anymore.

Don't let real estate mindset see this video or he will lose his mind that foreclosures and delinquencies are going down LOL

I am somewhat surprised by these numbers, Jason. I would be interested in your thoughts on housing prices going forward with the affordability issue being so bad right now. How do prices sustain?

There’s craziest behind the scenes

"Every one is leaving california " homes keep selling and continuing to increase in value

Crash postponed again😂

*"foreclosed then the Bank collapsed .... again .... and that got abandoned too! AND IT'S GONE!"*

Just when you think California can't get more California, it out-Californias itself.

Is personal and national debt sustainable ? The answer to that question will pertain to the housing market.

Prior corrections to housing never carried forebearance programs leading into correction. These numbers remind me of tech carrying historically ridiculous P/E ratios. Just because it remains pumped does not make it good investment. See crypto and vehicles for reference.

Only one guy who speaks facts based on numbers. Thank you Jason

A completely remodeled home in my area just went up for sale & when you go on the listing it says it’s a foreclosure. I was curious who owned it and checked the county tax site and it showed it’s been bank (FEDERAL NATIONAL MORTGAGE ASSOCIATION) owned since 2020! I could also see by searching the bank that they own 6 other homes in the town. Is it unusual for banks to hold homes for years, remodel and list them for sale? I’m in the northeast & we’re still experiencing inventory shortage and bidding wars.

Gotta give you mad props for putting so much effort into this vid................ even when the data indicates foreclosures are a 'big nothing burger'. Now all you 'sub-slackers', hit that subscribe tab! 😀

Wow it’s getting really bad now, dominoes falling….

So basically people have married their homes and aren't moving. I wonder at what point investors will realize their money can be better spent literally anywhere else other than the housing market. A CD is a better investment at this point.

I don't think current delinquency numbers matter much when it comes to looking ahead. After all the 90 days hasn't been this low since 2005, right before the last collapse.

Are people taking out HELOC loans to make their mortgage payment?

That's because 25% of the mortgage payment is being placed on the backend with 0% finance charge for VA homes (40,000 VA homes would be in foreclosure if this program was not available).

Awesome. Fed doesn’t need to cut rates and my down payment can continue to earn 6% in high grade bonds.

The real question is if our government will bail out individuals and companies or will they allow any changes for the better or worse to occur.

The mortgage delinquency rate makes no sense given that there's a direct correlation with late credit card payments and mortgages... Something's not right there.... Mortgage restructuring? Likely.

I think VA is still moratorium and FHA is still doing "restructuring" - i.e. moving late payments to the end of the loan and resetting the status. Ah well. Looks like prices will be sticky until we get real economic distress.

They won't let foreclosures rise significantly before the election

Careful, gonna upset the crash prophets 😂

Mahalo good morning

Is VA foreclosing or moratorium

Happy Monday Jason & let’s get nerdy!🤣😂🤣 I am going to order a nothing burger 🍔 for Sacramento home prices. 😅Prices might adjust some, but no crash on the horizon🤔

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Ive been hearing about market value drops for the last 3 years,

Thats what they jeep saying for the last 2 years thi gs keep getting up and up

People are arriving to Hartford from NYC IIRC. So that's where you have a high number of cash buyers who aren't concerned about mortgage rates.

Will be moving to the west coast (Sacramento area) for work in January. I was on the fences of just renting, or buying. My reasons to rent and wait out the market is 1. Rent seems way cheaper than mortgage 2. Worried i buy and housing market drops drastically. In your honest opinion what would you suggest I do and have me consider??

20-30% decline US is in Great Recession and no one can buy a home. Not happening, chief. Nice cope.

Yah but if the inventory is mostly in NY and CA, then its a moot point. And let us not forget the insurance crisis in FL.

I doubt NC will go down in hot areas. The DD report you have to pay for is so dumb.

Many homes still going over list price in San Luis Obispo County, California. FACTS.

I like the new set up!