“Can’t Sell My Home” Explodes on Google Trends

"Can’t Sell My Home” Explodes on Google Trends

“Can’t Sell My Home Explodes on Google Trends” discusses the current challenges in the U.S. real estate market. Key points include:

  1. Increasing Difficulty in Selling Homes: The video highlights a noticeable trend of homeowners struggling to sell their properties. This is evidenced by a surge in the search term “can’t sell my home” on Google Trends.

  2. Low Market Activity: There’s a decline in people putting their homes on the market, partly due to favorable 30-year fixed mortgage rates below 3%.

  3. Shrinking Pool of Buyers: The video notes a decrease in potential home buyers, attributed to inflation and high interest rates.

  4. Rising Popularity of Home Equity Lines of Credit (HELOCs): As financial pressures increase, more homeowners are seeking HELOCs, as shown by Google Trends data.

  5. Advice for Positioning in Real Estate Market: The speaker suggests strategies for gaining real estate wealth, emphasizing opportunities for renters and those feeling financially constrained.

  6. Income Requirements for Home Buying: There’s a significant increase in the income required to buy a median-priced home – from $50,000 a year in 2020 to over $100,000 now.

  7. Difficulty in Accessing HELOCs: Many recent home buyers don’t have sufficient equity to qualify for HELOCs.

  8. Trend of Paying Mortgages with Credit Cards: An increase in people searching for ways to pay mortgages via credit cards indicates financial stress.

  9. Banks’ Response: Financial institutions like Wells Fargo are suspending new applications for HELOCs due to market conditions.

  10. Challenges for Recent Home Buyers: A significant percentage of recent home buyers struggle with mortgage payments, especially those with adjustable-rate mortgages.

  11. Housing Inventory and Price Trends: There’s an increase in housing inventory and a decline in sales, along with a drop in median sales prices.

  12. Recommendations for First-Time Buyers: The video advises against buying single-family homes as a first purchase. Instead, it suggests investing in multi-unit properties like duplexes, triplexes, or fourplexes.

  13. Market Prediction and Investment Strategy: The speaker predicts further market downturns and advises on investment strategies, focusing on value-add properties.

  14. Institutional Investors’ Role: Large investors are expected to capitalize on rent-controlled properties, potentially displacing tenants for higher rents.

  15. Opportunity in Multi-Unit Properties: Emphasizing the potential of multi-unit properties as a first investment, the video suggests that these can offer a path to living rent-free and saving money.

  16. Credit Repair Services Promotion: The speaker promotes his company, greatcreditfast.com, offering services to help viewers improve their credit scores and position themselves better in the real estate market.

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