#buyingahome2022 #realestatemarket #housingmarket2022
Clearly, I love doing loans! Need a mortgage or want to chat about your scenario? I am licensed in 48 states for purchase and refinances. Here is how to contact me:
1) Book a call with me: https://calendly.com/jennifer-beeston
2) Apply for a mortgage now at www.zerostressmortgage.com If you apply please text me your full name and email address letting me know so I can look for your app:) TEXT 707-478-0637
3) Call me 707-478-0637
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Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
Equal Housing Lender – For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2021
More Helpful Content:
Home Loan Basics: https://youtube.com/playlist?list=PLj_WNhYgLtBeXxLYqeJiwsH5kmLxQHaHB
VA Loans: https://youtube.com/playlist?list=PLj_WNhYgLtBcxYtl4zGh5s9LVZdM36-p3
Real Estate Breaking News: https://youtube.com/playlist?list=PLj_WNhYgLtBcR_21mpZXScYzQksgrpE88
Mortgage Rates/Refinancing: https://youtube.com/playlist?list=PLj_WNhYgLtBcniDUlLIuGLIYMtiwI2Raj
Mortgage and Home Buying: https://youtube.com/playlist?list=PLj_WNhYgLtBdt8AHO2HiIr2EfjT2H2WFC:
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State License Numbers: AK – AK247743, AL – 72998, AR – Licensed, AZ – 1007541, CA – CA-DOC247743, CO – 100516570, CT – LO-247743, DC – MLO247743, DE – MLO-247743, FL – LO66900, GA – 70357, HI – HI-247743, IA – 33839, ID – MLO-2080247743, IL – 031.0054184, IN – 41478, KS – LO.0039219, KY – MC717200, LA – Licensed, MA – MLO247743, ME – Licensed, MI – 247743, MN – MN-MLO-247743, MO – MO-247743, MS-247743, MT – 247743, NC – I-189119, ND – NDMLO247743, NH – Licensed, NM – Licensed, NV – 66544, NY – Licensed, OH – MLO-OH.247743, OK – MLO20600, OR – 247743, PA-247743, SC – MLO – 247743, SD – MLO.08498, TN – 205478, TX – Licensed, VA – MLO-40552VA, VT – VT247743, WA – MLO-247743, WI – 247743, WV – LO-247743, WY – 8203
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How long does your pre-approval last?
Yes % rates suck, that being said I would always recommend buying rather than renting, so listen to Jen and don't worry about interest rates, they will come down and refi is always an option.
sorry, but are you delusional? you can't have both high interest rates & OVERINFLATED home prices! The whole point of high interest rates are to push home prices back down to the median… LOL what first time home owner can afford these homes? Let me give you a reality check… in los angeles even with 900k cash down, you can't buy much and these rate make it eeven worse…. think about that for a second. with about a million cash down, LOL you cannot buy a decent home, not possible
Are you really going to say how it is or are you just going to keep sugarcoating Sh| t? 😂
Thanks for this video , watching YouTube’s it’s been gloom & doom . I have a second home getting built in Fl with my sister that I wish we never purchased because of what I’m hearing on YouTube , interest rates , crash , etc..but at the same time I don’t want to lose my down payment . Everything you said does makes sense though .
How do USDA compare to VA loans? Love the channel!
Only way I see a housing crashing happening is if millions lose their jobs for an extended period of time which is still a possibility the way inflation is running and the fed saying they want to see a higher unemployment rate but not a strong possibility. No one I know who's refinanced or bought the past couple years is listing their home to buy another and they probably won't. I do think the days of massive appreciation is over we will probably settle back into that historic 4 to 5 yearly percentage number again for the foreseeable future. I do think some homes and some areas that were white hot will cool and cool fast but a nationwide crash I dont think will happen.
OK, let's talk about investors. Why would an investor put money, time and a lot of work into buying houses with questionable returns when they can get 4+ % on 10 year US treasuries? Fact: (Quote: S&P Global Market Intelligence) "Publicly traded U.S. equity real estate investment trusts significantly underperformed the broader market in the third quarter." – and there is a reason for that.
The ONLY people who are saying that it's a "good time to buy" are realtors. It makes sense because it's their livelihood, but some honesty would be nice. Instead of trying to smear lipstick on a hog, just say "Look. It's a rough time to buy and I wouldn't recommend it if you don't have to. BUT! If you NEED to, let me help get you the best deal possible." and leave it at that.
Please explain this to me as though I'm stupid: How is it a good time to buy when here in my market (Austin, TX), if I want to buy a basic 1,100 sq ft, 2 BR home, I am going to end up with a $2,600 mortgage payment for a house built in 1945 that needs a LOT of work. The fact is that because of rising interest rates and home prices vastly outpacing wage growth, most of us cannot afford to buy here. 2 years ago, I set a goal to buy a house this year. Unfortunately, I live in Austin where prices SKYROCKETED since 2020 and every house for sale earlier this year (in my price range) was snatched up in bidding wars. I have a good income and a good credit score (not excellent, not bad) and I'm stuck renting. Not only that, but ALL of the indicators I am seeing are saying that homes values will decrease in the next year, putting a lot of current potential buyers at risk of being underwater unless they have a large down payment. "Best Time for First Time Home Buyers?" False.
Why do you and some other folks say that people with low interest rates won’t sell their homes therefore inventory won’t be as explosive as expected? I totally agree with that-BUT there are many people who didn’t buy or refinance in the last 2 years that are the people currently selling. The home I offered on has a seller at a 2.4 rate but not happy with the neighborhood. Looking to move out of state. All the homes I was interested in had purchased their home between 2018-2021. I also said ‘why would they leave such a good rate?!’ This theory is fluff just like the rest of it. A correction is here, sellers are having a hard time. Real estate agents need to continue to educate them on the market…daily.
Need your help here in GA.
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How in good conscience can you encourage people to buy properties when the market is experiencing its fastest deceleration of equity (July 2022) than at any other time in history? And it's only getting started. Now is NOT the time to buy. You are doing a horrendous disservice to your viewers.
Agreed! Very great point, homebuyers now are so carried away with the trend of being afraid to buy because of high interest rates, so they're on the sidelines waiting for the market to crash.
We are in the midst of housing bubble. Home prices will be going down. This trend will continue for few years.
I love your videos. Do you have any about buydowns? Or can you make a video explaining what a buy down is and if it’s worth it. Can a seller pay for a buy down and closing costs?
Had anyone ever used the Bank of America 17k grant? Please tell me your experience, cuz me and my fiancé are trying to get into it and already spoke to a loan officer from BOA
Yes the good 'ol housing crash that's always around the corner. They must be talking about the house across the street from me where a tree limb came crashing down on the roof hahaha
With interest rates at 7% and home prices at record highs, how is this the best time to buy for first time buyers? I guess for real estate agents it’s always a great time to buy since that’s how they make their money.
I wanted to buy but now with these intrest rates, I dont want to upgrade.The rates are killing first time homebuyer affordability. The payment on the same house, up 60%. I will stay put indefinetely.
I agree. There is no housing crash coming. Millions are locked into a low interest rate and feel priced into their current homes. So a lot of would be move up or move down buyers will stay put and make do. Couple that with builders slowing down due to higher interest rates and the current recession/inflation and you just don't have the overflow of inventory needed to crash home values. That's good for home owners but bad for buyers who can't afford the payment of a median priced home with todays interest rates.