The Housing Crash has already started in SOME CITIES! Meanwhile, others cities are still in a massive Housing Bubble!
Data in this video comes from Realtor.com:
https://www.realtor.com/research/data/
Housing Inventory is SURGING through the Mountain / West Coast regions of America. Housing Markets like Boise, ID, Provo, UT and Spokane, WA are seeing big increases in inventory. Many other smaller cities throughout the Housing Markets in Utah, Idaho, Oregon, and Washington are also in the beginning stages of a CRASH (in my humble opinion).
Meanwhile, inventory is still near record lows across many Southeast Housing Markets, primarily in Florida, North Carolina and Tennessee. For instance, Miami's Homes on the Market are 50% below their levels from a year ago. The same situation exists across Raleigh's Real Estate Market. Many real estate investors are beginning to pile into these markets, pushing prices up and inventory down.
Another part of the country which is slowing is the Midwest. Real estate markets like Columbus, OH, Detroit, MI, and Pittsburgh, PA are seeing home prices decline. However, these markets could be insulated from a deep Housing Crash due to the fact that the relationship of wages/inflation is closer to prices.
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0:00 US Housing Market Bubble v Crash
2:02 500 Largest Housing Markets in America!
4:02 Boise, ID Inventory has TRIPLED!
5:48 Reno, Provo, and Ogden = Same Situation!
7:25 Pay Attention to the Bay Area
9:01 Southeast is still RED HOT!
10:45 US Housing Market is Local!
12:05 Denver, CO
13:45 Jacksonville, FL
15:13 Houston, TX
17:31 Austin, TX
21:01 Dallas, TX
22:17 Chattanooga & Knoxville, TN
23:06 Huntsville, AL
24:49 New York, NY
26:26 Albuquerque, NM
27:26 St. George, UT
29:06 New Orleans, LA
30:32 Naples, FL
32:55 Stockton, CA
34:22 Raleigh, NC
37:06 Heber City, UT
38:08 Miami, FL
40:11 Columbus, OH
41:20 Midwest is Softening
42:22 San Diego, Los Angeles, San Francisco
44:00 Eugene, OR
45:14 The Takeaway for November 2021 Housing Market
46:36 Durham, NC
47:33 Tampa, FL
48:59 Atlanta, GA
49:47 Boston, MA
50:43 WATCH THIS!
#HousingMarket #HousingCrash #HousingBubble
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