Housing market shift: Income needed up 79% in 5 years!
The income needed to purchase a typical U.S. home has skyrocketed by 79% in just five years, rising from $51,646 in January 2020 to $92,538 in January 2025. This rapid increase is driven by soaring home prices and higher mortgage rates, while average weekly earnings have only grown by 25% and inflation by 23% during the same period. The housing market’s affordability crisis has led to constrained home sales, with many homeowners unable or unwilling to trade their lower mortgage rates for today’s costs. In this episode we dive into the current housing market while updating you on the economy and mortgage rates to help you stay infored as a buyer or seller in this real estate market. =============================================== ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral =============================================== Want to Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real Broker #HousingMarket #InterestRates #Live 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/5490763375312896 source
BIDEN WITHDRAWS!!! Market in Turmoil!!!
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Housing Affordability Is Getting WORSE
House Prices Just Increased nearly 6% year over year while mortgage rates remain near 7%. When will housing affordability improve? When will house prices and mortgage come down? Should you buy now or wait? In this live episode, we are going to discuss the latest regarding inflation, the Federal Reserve, as well the latest employment and economic data while helping you understand how that affects you as a buyer or seller in the 2024 housing market. ⏩ Don’t WAIT | The COSTS To Buy A Home Is Going Up – https://youtube.com/live/jofZBwhHZZg ⏩The Housing Inventory Will Grow 40% In 2024- https://youtube.com/live/snGBpZ2Tv8I ⏩House Prices Reach A NEW All Time High In 2024 – https://youtube.com/live/Mt3fSaYeP1g Tonight’s Slides – https://docs.google.com/presentation/d/1x_hqjk7_Hu_gm3k2Krw3qkMVY5CkOlq5komoyyJ_vQk/edit?usp=sharing HOME BUYER RESOURCES: 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 📧- Sign Up For My Free Newsletter – https://bit.ly/48LJJp3 🎙- The Educated Home Buyer Podcast – @theeducatedhomebuyer Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 YouTube – http://www.youtube.com/@TheEducatedHomebuyer Want to Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith ➡Local Youtube Channel ➳ https://www.youtube.com/@jebsmithhb source
Is Living in Orange County the Secret to a Better Life?
📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of “How to Get Started One Rental at a Time” In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/ source
NEW FHA Loan Requirements 2024 – How much can you afford with 100K? – FHA Loan 2024
Are you a first time home buyer interested in buying a house using an fha loan in the 2024 housing market but unsure how much home you can afford with a 100K salary? How do you calculate your debt to income based on the FHA loan requirements for 2024? What credit scores do you need? How much down payment does FHA require? In this video, we are going to discuss how much you can afford to purchase making 100K income using the latest 2024 FHA Loan Requirements, answer some common questions around FHA and show you how to do some basic FHA calculations with regards to Mortgage Insurance. ⏩ How much can you afford with 50-75K Salary? – https://youtu.be/Y28z5i1aBeY ⏩ – NEW FHA Loan Requirements 2024 – First Time Home Buyer – FHA Loan 2023 – https://youtu.be/CApGLR5u6j0 ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅Subscribe to my local newsletter – https://bit.ly/48LJJp3 Other FHA videos you may find Helpful: How to calculate PMI on a FHA Loan – How to get rid of PMI – FHA Loan 2024 – https://youtu.be/1UDea_zyhqM Comparing Monthly Payments on FHA vs Conventional Loan – First Time Home Buyer – https://youtu.be/DrqAbTJ0cf8 RESOURCES: 🏠 – First Time Home Buyer Course – http://www.becominghomewise.com 🎙- The Educated Home Buyer Podcast – Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 Video Calculations using $250,000: Price: $250,000.00 Down Payment: $8,750.00 (3.5% down payment) Loan Amount: $241,250.00 (Price – down payment) MIP: $4,221.88 (1.75% x Loan Amount) Base Loan Amount: $245,471.88 (Loan Amount + MIP) Interest Rate: 5.75% (amortized over 30 years) Mortgage Payment: $1,432.51 Taxes at 1.1% $229.17 MIP: $173.88 (Base Loan Amount x .0085 / 12 ) Insurance: $75.00 (Estimate) Total Monthly Payment: $1,910.56 NEW 2024 FHA LOAN LIMITS – https://www.hud.gov/press/press_releases_media_advisories/HUD_No_23_265 Low Cost Areas: One-unit: $498,257 Two-unit: $637,950 Three-unit: $771,125 Four-unit: $958,350 High Cost Areas: One-unit: $1,149,825 Two-unit: $1,472,250 Three-unit: $1,779,525 Four-unit: $2,211,600 FHA Approved Condo List – https://entp.hud.gov/idapp/html/condlook.cfm FHA County Loan Limits – https://entp.hud.gov/idapp/html/hicostlook.cfm What is an fha loan? An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. ➡ What is fha mortgage insurance? Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment. ➡ What is the current upfront mortgage insurance premium for fha loans? The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio. ➡ How do you calculate the monthly mortgage insurance premium for an fha loan? Purchase Price x Percent of Amount Financed x 1.0175 x .0055 / 12 Example Below using a $350,000 purchase price putting 3.5% down: $350,000 x 96.5 = $337,750 $337,750 x 1.0175 = $343,660 $343,660 x .0055 = $1,890.13 $1,890.13 / 12 = $157.51 / month FHA loan 2022 requirements ✅FICO® score at least 580 = 3.5% down payment. ✅FICO® score between 500 and 579 = 10% down payment. ✅MIP (Mortgage Insurance Premium ) is required. ✅Debt-to-Income Ratio less than 57%. (Actually you can go much higher than this) ✅The home must be the borrower’s primary residence. ✅Borrower must have steady income and proof of employment. FHA Videos You May Find Helpful: ➡FHA Loan Qualifications – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/1SC6WgAJ2yk ➡FHA Pros and Cons – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/fOWjRGQmKDM ➡Buying a home using FHA – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/8KCzd8GPH_w I hope you appreciate this update on fha loans for first time home buyers for the housing market 2023 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith. Please let me know your thoughts below: what are your predictions for the housing market 2024 forecast and the housing market 2024 california? After watching this video, do you believe you should be buying a home this year? Do you believe a house market crash 2024 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate? Jeb Smith (Huntington Beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K➳ https://www.tiktok.com/mrjebsmith #housingmarket2024 #RealEstate #FHA source
Housing Market Bloodbath in 2025 with Melody Wright
My GoFundMe – https://gofund.me/010e545b Christmas for over 550 area Kids: C4K Shopping for Others – Spread Joy for Kids Samaritan’s Purse: Massive Response Follows Hurricane Helene’s Gut Punch source
The Housing Market Is NOT One Size Fits All ❌
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Jan 27: TIME TO WAKE UP!!
📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of “How to Get Started One Rental at a Time” In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/ source
What Jason Pritchard thinks of the ORaaT event in Las Vegas #shorts
📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of “How to Get Started One Rental at a Time” In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/ source
Higher Interest Rates Are Here To Stay!
The new normal for mortgage rates may be higher than many hope with interest rates now hovering the mid 7% range with the high likelihood of moving up from there. This is causing housing inventory to grow which will likely lead to slower and potentiall lower home price growth. Should you buy now or wait? In this live episode, we are going to discuss the latest regarding inflation, the Federal Reserve, as well the latest employment and economic data while helping you understand how that affects you as a buyer or seller in the 2024 housing market. ⏩It’s Started | Higher Interest Rates = More Housing Supply – https://youtube.com/live/d0drKxR9LOs ⏩ The FED Just FLIPPED Mortgage Rates AGAIN! – https://youtube.com/live/oB0im05IMUM ⏩Higher Inflation Will Lead To Higher Mortgage Rates – https://youtube.com/live/EXwvxoxTta4 Tonight’s Slides – Posted inside of our community mentioned below. HOME BUYER RESOURCES: 🏠 – First Time Home Buyer Course – https://bit.ly/4clhsse ✅ – Work Directly with My Team (Mortgage and Real Estate Nationwide) – http://www.jebsmith.net/referral 🆘 – Join Our First Time Home Buyer Community – https://bit.ly/3TVHGKs 📧- Sign Up For My Free Newsletter – https://bit.ly/48LJJp3 🎙- The Educated Home Buyer Podcast – @theeducatedhomebuyer Spotify – https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple – https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 YouTube – http://www.youtube.com/@theeducatedhomebuyer Want to Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith ➡Local Youtube Channel ➳ https://www.youtube.com/@livinginhuntingtonbeachca source