Be Careful! New Lie Forming About the 2023 Housing Market (Homebuyer Warning)

#housingmarket #housingcrash #realestate

This video is about the 2023 housing market crash and why homebuyers and home sellers should not rush back into the market considering all of the data is showing the housing crash just began, and it has a long way to go before a structural housing recovery can begin. Homebuyers should be careful not to fall for the new lie about the housing market reaching a bottom and beginning to recover.

We use hard data from Zillow and the US Census Bureau to show you why a real "housing recovery" is out of the question at the moment, we do this both on a national level and we dive into local markets as well. One metric we use is the average home price growth vs real income growth. First we break this down on a national level, then we zoom in and do the same thing in local housing markets, such as in Austin's housing market and the Buffalo NY housing market.

If you are a homebuyer or home seller looking to jump back into the market after reading some of the Redfin articles released this week this video is a must watch to gain an alternate perspective on where the housing market is going, a perspective that is based on data.

The data used in this video comes from Zillow, and the US Census Bureau. A Redfin article was also shown.

This video is not financial advice.

If you want access to the housing market maps and data I use in these videos, they come from my company's new product Snapforce Real Estate Insights: https://app.snapforce.com/prodigy/checkout.php