In this video, seasoned real‑estate professional Joe Homs (40+ years as broker, mentor, and investor) delivers a concise 2022 U.S. housing‑market update. He frames the discussion around the classic supply‑and‑demand equation, explaining why price declines (a crash) are unlikely unless supply overtakes demand. He highlights three pivotal forces: (1) demand – still strong, with prices only falling when supply exceeds demand; (2) interest rates – recently spiking, eroding affordability (mortgage costs up ~40% YoY) and potentially pressuring prices; (3) supply – inventory remains well below pre‑pandemic levels (≈600k homes vs. 1.5 M in 2017‑19), keeping days‑on‑market low (under 20 days vs. 45 pre‑COVID). He also notes a stable job market as a supportive backdrop. Homs advises viewers to monitor interest‑rate trends, inventory changes, and job data, warning that a “waiting for the crash” mindset can cause missed opportunities. He ends with a call‑to‑action for viewers to subscribe, watch related content, and reach out for assistance.
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In today's video, I'm going to give you an update on the 2022 housing market. Coming up next. Seems like everyone is debating whether the housing market is going to crash soon. Well, the truth is nobody knows what's really going to happen. We can examine the current trends and most likely determine what's going to happen. Before we start, make sure you like, subscribe, and share this video with anyone looking to create the life they've always wanted through real estate. I'm Joe Homs, and I have over 40 years as a broker, mentor, and investor. I made this channel for you, the new and experienced investor. The first thing we need to look at is the demand. It all comes down to supply and demand. The only way prices can decrease is when supply exceeds demand. I don't see that happening at least this year, unless we get a crazy rise in interest rates. I think we're good. The next thing we need to look at is interest rates. Interest rates have risen incredibly fast over the last few months. And although rates are historically low, affordability is dropping rapidly. According to Redfin, monthly mortgage costs were up almost 40% in year-to-year costs. Next, let's take a look at supply. Until inventory recovers to more normal levels, there is little chance of a housing market crash. For housing prices to decline, properties must sit on the market for a long period of time. Only once sellers see properties sitting for a few weeks will they consider lowering prices. If that happens for a couple of months, sellers may adjust their expectations and lower prices. But that's going to take some time. In 2017 to 2019, prices were still going up when we had over 1.5 million houses on the market. Now we have 600,000. Supply remains over 1 million properties below pre-pandemic levels. Days on market is an excellent measurement of the balance between supply and demand. Pre-pandemic, days on market was about 45 days. Now, even with the higher rates, it's still under 20. Okay. Where are I think that you need to keep an eye on where the market is going, especially interest rates. They shot up unexpectedly. They probably are going to go up more. So keep an eye on those interest rates. Keep an eye on the inventory. See if that starts going up or not. And those are the things that you need to look out for. The other one would be jobs. Jobs look like they're good for unforeseeable future here. So I think we're doing good, but keep an eye on interest rates and keep an eye on inventory. If you want to see why waiting for the crash is a mindset that can cause you to lose out on some great deals, click on this video right here. If you need help with anything, never hesitate to reach out. See you on the next one.
