According to Tina Tamboer, Senior Housing Analyst at The Cromford Report, what we’re seeing in the housing market is not a correction, but rather a disruption and the next few months are going to be a very telling time. Jason Hartman and Tina put the Phoenix housing market under a microscope to see exactly what’s happening with buyers, sellers, listing prices, foreclosures, landlords, rent increases and rate hikes! Supply is rising and prices are being reduced in the Phoenix area market as there have been a significant number of seller reductions each week in various price ranges. We are seeing a slowdown and we're seeing the tables turn a little bit more towards the buyers in this market. We’re not seeing people waving inspections or paying quite as much over listing price as we have the past two years, but that doesn’t mean we’re in a buyer’s market. It does not mean that sale prices won’t continue on an upward trajectory. We’re just seeing sellers getting a little more accommodating and conceding to concessions. 0:00 Welcome back Tina Tamboer, Senior Housing Analyst at The Cromford Report 0:39 Big difference in the housing market, depending on whether you're under $400,000 or over 3:13 Will Interest rate sensitivity cause people to stay in the renter pool? 5:07 Upward pressure on rents 6:31 Adjust your expectations and settle for less 8:26 When supply rises like this, sellers have to adjust their expectation on price also 11:01 Are these price reductions real market value reductions? 13:45 List prices down and days on market up 16:13 More houses under contract than what's available for sale under $600K 19:22 Scottsdale home sold overnight for $400K over list price 20:59 Median mortgage payments are actually quite low historically 23:42 Crash in the auto industry as soon as the manufacturers catch up 26:03 Mortgage rates cannot be predicted 26:42 Interest rates have gone down at the end of every recession historically 28:35 Where do you expect incomes to go in the future? 30:35 What we have right now is not a correction, but a disruption 34:09 Phoenix area foreclosures are still below pandemic levels 39:17 Learn more at https://cromfordreport.com/ Get the latest from Jason! TWITTER ▶ https://twitter.com/JasonHartmanROI INSTAGRAM ▶ https://www.instagram.com/jasonhartman1/ LINKEDIN ▶ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/ Get wholesale real estate deals for investment or build a great business - Free Course: https://www.jasonhartman.com/deals Listen to The Creating Wealth Podcast: https://www.jasonhartman.com/podcast/ Special Offer from Ron LeGrand:   https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Free Class: Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund Jason’s TV Clips: https://vimeo.com/549444172 CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect What do Jason’s clients say? http://JasonHartmanTestimonials.com Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization Find us on other video platforms: Rumble: https://www.jasonhartman.com/rumble BitChute https://www.jasonhartman.com/bitchute Odysee https://www.jasonhartman.com/odysee Have questions or topics you want me to do a video on? Let us know in the comments below. If you love real estate investing, SUBSCRIBE! Subscribe to Jason’s other YouTube Channels! Jason Hartman Extra: https://www.youtube.com/channel/UC0qQt01nEYdSqYY8EC-D1xw Real Estate News and Technology: https://www.youtube.com/channel/UCPSy53FLQHmpF4MhgtCBiWg #jasonhartman #thecromfordreport #phoenixrealestate #realestatemarket #housingmarket #inflation #recession #correction #supplychainshortage ... https://www.youtube.com/watch?v=L_vaYeMqYcQ

In this interview with Jeb Carty, I get a first look at a brand new property search tool that allows you to speed up the process in finding properties for your investment portfolio. Learn More About Zumbly: https://zumbly.com/ Learn More: https://www.jasonhartman.com/ Have questions or topics you want me to do a video on? Let us know in the comments below. If you love real estate investing, SUBSCRIBE! ... https://www.youtube.com/watch?v=N5fhneHWPII