Home Prices are Crashing

Many home prices are now dropping in cities across America in 2024, with values set to decline in the second half of the year in many Sun Belt Housing Markets across states like Texas, Florida, Arizona, and Tennessee.

One should keep in mind that all real estate activity is local. Sure you can make generalizations for cities and even States but when it comes down to neighborhoods there’s quite a bit of variation in values.

Home Prices are Crashing

This is why it’s invaluable if you’re thinking of either buying or selling, you enlist the services of a professional real estate broker.

There are a couple of reasons why home prices might be going down in some major cities:

• More homes on the market: After a period of low inventory, more houses are becoming available for purchase. This increased supply catches up with, or even surpasses, the demand, leading to a softening of prices [US cities with falling home prices].
• Shifting work patterns: The pandemic-driven work-from-home trend is cooling off in some places. If people are returning to offices, they may be less interested in bigger houses in suburbs and more likely to consider smaller options closer to their workplaces. This could affect demand in those suburban areas.

It’s important to note that even though prices are dropping in some areas, mortgage rates have also been rising. This can mean that even though the purchase price is lower, the monthly payment might not be much different

Home Prices are Crashing

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    Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

    www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

    What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

  • Also available, much smaller aged websites (not just urls)  for Real Estate agents and brokers in California.  Yes, since I’m retired from Real Estate now I have a number of websites that are available that you can use for readings to your main site.  The following  real estate  area sites are available but subject to prior sale,  without notice:  San Diego, downtown San Diego, Del Mar, Encinitas, Orange County,  and Los Angeles. If you’d like to purchase any of these sites with all the content included, you can get them at a Bargain Basement price.  Please contact me if you’d like further details.
  • Interested, call Bob Schwartz (619) 286-5604 for additional information

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      DISCLAIMER:

      • Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY.  DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.
      • Although no longer a licensed California real estate broker Bob’s 30 plus years of experience in the real estate industry with all the contacts that he has developed,  he is able to provide referrals to the top real estate Professionals in any state within the United States.  So, although you can’t get Bob to represent you personally, Bob can select a top real estate professional with years and years of experience to ensure that you get the best possible representation.