Housing Market Update: Real Estate Bubble About To Pop? (economic crisis 2020)





Housing Market Update: Real Estate Bubble About To Pop? (financial disaster 2020)

Welcome again to your housing market replace its September 8, 2020, and right here is the brand new housing market replace!

***UPDATE*** Every new housing market replace video shall be going out each Tuesday night time at 6pm Central time.

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0:00 Intro
1:11 Residental housing market replace
3:00 Is it a very good time to purchase a house replace
4:22 My ideas on the residential housing market replace
5:43 Texas housing market replace
6:30 Total job losses
7:00 Will foreclosures occur?
8:15 Action steps for actual property investing
8:30 Commercial actual property replace

****Residental Housing Market Update****
Mortgage charges for this week based on Freddie Mac, as in comparison with final yr, are nonetheless at an all-time low. This is a big drop in mortgage charges for the housing market replace. The common actual property mortgage month-to-month funds have dropped $120 per actual property mortgage cost for the reason that starting of the yr. In this looming actual property bubble, is it a very good time to purchase a house? My reply continues to be NO. The actual property market confirmed no signal of slowing down within the month of August. Everyone has been saying the housing market is pink sizzling proper now, which is from synthetic causes and will actually trigger the actual property bubble to pop prior to later. And the stats from the month of August for the housing market replace trigger alarm as a result of residence costs are going up and stock is promoting in a short time in actual property 2020. And 56 days is the time a house will promote in the actual property market, nearly every week faster than earlier years within the housing market replace. Also, the common actual property residence value is up by 10% since final yr’s housing market costs. Also the stock for actual property is 36% decrease than final yr’s actual property numbers. I’m not as optimistic as most actual property brokers, mortgage brokers, or anybody who’s making an attempt to make cash from you in the actual property market. Delinquency charges are at a document excessive for the housing market. There are many individuals flocking to Texas for actual property and on this housing market replace, I’m right here to inform you Ft. Worth and Houston each have excessive mortgage delinquency charges.

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The Kwak Brothers are millennial actual property buyers who’ve acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for his or her actual property offers. They are based mostly out of the Chicago-land space and they’re devoted to serving to hard-working individuals develop into financially free actual property investor! They specialise in proprietor financing acquisition and elevating capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)

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—DISCLAIMER— The strategies, recommendation, and/or opinions which can be given by Sam Kwak (The Kwak Brothers) are merely opinions. There aren’t any ensures of set outcomes. Listeners, company, and attendees are suggested to at all times seek the advice of with attorneys, accountants, and different licensed professionals when doing an actual property funding transaction. Listeners, company, and attendees are to carry Sam Kwak, Novo Elite, Inc. and the Kwak Brothers model innocent from any liabilities and claims. Not all offers will assure any revenue or advantages. Listeners, company, and attendees are to view and hearken to all supplies and contents furnished by the Kwak Brothers as a perspective based mostly upon expertise.

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