Are you confused about where real estate prices are headed in the future? Many of us are, and Ken breaks down the underlying causes of the recent price declines and makes his best forecast of where things are headed in 2023. Check out the video for the details!
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00:00 Introduction
00:33 Why are real estate prices falling?
03:46 Will rates continue to rise?
07:23 Things to watch for in 2023
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: “ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years.” Ken is a Rich Dad Advisor.
With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Video Rating: / 5
You make money when you buy, not when you sell.
Ken McElroy is the most creditable expert in real estate but can you ever stop buying? People made this comment right after the 2008 recession and they were wrong and then again at the beginning of COVID. The advantage with bad times is that you see more deals whereas in good times you don't. What you need to do is simply tighten you buy box.
National home prices up over 3% year over year. Interest rates down in December.
Ken is correct in saying wait to buy, however if you have access to cash the next 6/9 months is going to be prime time to acquire. As a buyer, you will have more leverage to negotiate and less players on the sideline to acquire, due to increase rates. It all depends on your strategy. As always, very useful information Ken provided. Thank you.
I’m shocked and disappointed to hear a real estate “guru” advise to not buy. The challenge before us is to buy right – NOT “don’t buy.” And you should be advising us accordingly. Unsubscribing now….
I believe everything you are saying…..2023 is going to be difficult. Going to need that cash saving in unstable time.
Appreciate your content
I was able to talk a new friend off the cliff today because I listen to your advice. She really wants to buy the house next door and it is over priced and besides that she was going to do a buy back on the loan for two years and she is planning on retiring next year. I explained to her what you have been sharing with us and she thanked me. ❤ I told her I would love to have her as a neighbor, and either way extend open arms to her however, she need to really think about what she was going to do because if she’s retiring two years from now and she has to pay more per month it’s gonna hurt. And I told her prices will be going down because interest rates are going to be going up at least two more times in 2023.
In Texas ALL Houses are STILL INCREASING in Prices!!
Great stuff ?Thank you ??
Still waiting on Ken's pandemic crash…
Ken just explained how the guys with the large capital(money) are pencils down. Which I see this as the opportunity of a life time! to not play by the conventional bank loan play and just get into the creative financing space, sellers may start getting shaken up because the cap rates are expanding and prices are dropping especially in the Office. sector.
Sacramento, CA Housing Prices Crater 28% YOY As Appraisal Fraud Expands Across Northern California
At the time when real estate prices goes down what would you do if you want to buy income producing assets? To buy a rental property and rent where you live or to buy your personal residence even knowing is not an asset but the debt with the inflation at fixed interest rate could be an asset itself….What do you think??
Your content and explanations are always clear easy and helpful! Thanks so much for taking the time to teach and provide safe routes to invest and store our assets. You are truly a gem!
If houses drop will rent drop as well? Whats your prediction?
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What’s going on in the market now is that buyers are roughly giving sellers the price they want, but asking for a credit to lower their interest rate. Banks have also programs with lower interest rates as well.
How do you sell your low interest mortgage debt?
Ken, I remember your predictions 1,5 year ago.
“Don’t buy”. You predictions are suck! You said “expect a lot of foreclosures”.
Come on, stop posting videos like you know something.
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