31 min

Home Prices are Falling. Will it Continue‪?‬ Get Rich Education

    • Investing

I get political today. But first, I discuss jobs. How far will home prices fall?
Innovation creates jobs. It does not destroy jobs.
American innovation is one reason that we added over a half million new jobs just last month.
All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer.
Both the US median home price (Case-Shiller) and inflation peaked last June. 
The US median home price fell 2.5% from its peak. 
Where are they falling? Where are the rising? We explore experts’ outlook for home prices.
Five expert opinions all range from 2023 home prices rising 5% to falling 4%.
Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little.
Beware of those that say, “It’s never been a better time to buy real estate.” That’s wrong. 2012 was better.
2021 was the worst time to buy real estate recently.
Even these past few years, and today, it’s hard to find a better place to put your investment dollar than carefully-bought income property.
This won’t last long. At GREmarketplace.com now, providers are often giving buyers 2% of the purchase price as cash at the closing table and free Property Management for two years.
Resources mentioned:
Show Notes:
www.GetRichEducation.com/436
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Memphis property that cash flows from Day 1:
www.MidSouthHomeBuyers.com
Find cash-flowing Jacksonville property at:
www.JWBrealestate.com/GRE
I’d be grateful if you search “how to leave an Apple Podcasts review” and do this for the show.
Top Properties & Providers:
GREmarketplace.com
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Welcome to GRE! From ANNapolis, MD to Santa ANA, CA and across 188 nations worldwide. I’m Keith Weinhold, Forbes REC member and founder of this very platform here… and this is Episode 436 of the Get Rich Education audio podcast.
 
If you’d like to watch me on video, check out the Get Rich Education YouTube Channel.
 
But our audio show, right here, is our most popular platform. 
 
Is the world trying to tell me that my voice is better than my face, then? That’s what I’m starting to think. Ha!
 
ARE American home prices are falling. How bad is it? When did it start? And when will it stop? I’m going to answer all of that in just a bit. 
 
Last week, I mentioned that a strong GDP report has told so many permabears and gloomer-and-doomers that they were wrong about being in a recession by now.
 
And gosh… the latest Jobs Report came in after that and it just added insult to injury for all these permabears - meaning those that are permanently bearish - permanently making dire predictions about the economy & housing. 
 
And, even if you’re listening to this show years from now, this is how you know that a recession is NOT at all imminent.
 
The whopping 517,000 new jobs added last month nearly tripled expectations. 
 
Still... I wonder if constant rumors about a coming recession will drag on longer than the fake meat fad.
 
These recession rumors keep getting stirred up.
 
Now, when it comes to jobs. You care about that a lot as a REI. You need your tenant to have a job in order to pay you the rent.
 
The number of American jobs saw their recent low in 2020. In fact, they fell into a deep trough - a BIG dip back then.
 
That was the pandemic shutdown. People had to stay home. The government paid workers to stay home. Maybe you were paid to say home then - about three years ago.
 
Well, that means that a lot of goods weren't being produced in 2020. Many

I get political today. But first, I discuss jobs. How far will home prices fall?
Innovation creates jobs. It does not destroy jobs.
American innovation is one reason that we added over a half million new jobs just last month.
All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer.
Both the US median home price (Case-Shiller) and inflation peaked last June. 
The US median home price fell 2.5% from its peak. 
Where are they falling? Where are the rising? We explore experts’ outlook for home prices.
Five expert opinions all range from 2023 home prices rising 5% to falling 4%.
Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little.
Beware of those that say, “It’s never been a better time to buy real estate.” That’s wrong. 2012 was better.
2021 was the worst time to buy real estate recently.
Even these past few years, and today, it’s hard to find a better place to put your investment dollar than carefully-bought income property.
This won’t last long. At GREmarketplace.com now, providers are often giving buyers 2% of the purchase price as cash at the closing table and free Property Management for two years.
Resources mentioned:
Show Notes:
www.GetRichEducation.com/436
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Memphis property that cash flows from Day 1:
www.MidSouthHomeBuyers.com
Find cash-flowing Jacksonville property at:
www.JWBrealestate.com/GRE
I’d be grateful if you search “how to leave an Apple Podcasts review” and do this for the show.
Top Properties & Providers:
GREmarketplace.com
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Welcome to GRE! From ANNapolis, MD to Santa ANA, CA and across 188 nations worldwide. I’m Keith Weinhold, Forbes REC member and founder of this very platform here… and this is Episode 436 of the Get Rich Education audio podcast.
 
If you’d like to watch me on video, check out the Get Rich Education YouTube Channel.
 
But our audio show, right here, is our most popular platform. 
 
Is the world trying to tell me that my voice is better than my face, then? That’s what I’m starting to think. Ha!
 
ARE American home prices are falling. How bad is it? When did it start? And when will it stop? I’m going to answer all of that in just a bit. 
 
Last week, I mentioned that a strong GDP report has told so many permabears and gloomer-and-doomers that they were wrong about being in a recession by now.
 
And gosh… the latest Jobs Report came in after that and it just added insult to injury for all these permabears - meaning those that are permanently bearish - permanently making dire predictions about the economy & housing. 
 
And, even if you’re listening to this show years from now, this is how you know that a recession is NOT at all imminent.
 
The whopping 517,000 new jobs added last month nearly tripled expectations. 
 
Still... I wonder if constant rumors about a coming recession will drag on longer than the fake meat fad.
 
These recession rumors keep getting stirred up.
 
Now, when it comes to jobs. You care about that a lot as a REI. You need your tenant to have a job in order to pay you the rent.
 
The number of American jobs saw their recent low in 2020. In fact, they fell into a deep trough - a BIG dip back then.
 
That was the pandemic shutdown. People had to stay home. The government paid workers to stay home. Maybe you were paid to say home then - about three years ago.
 
Well, that means that a lot of goods weren't being produced in 2020. Many

31 min