How To Forecast Home Prices (Like Reading Tea Leaves)

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

You don't need to know how to read tea leaves to see a major problem brewing in the housing market. No, simply look at building permits!

 

The combination of single-family permits and multi-family permits reveals and distinct void in the real estate market. This video examines building permits in detail, as the issue of home affordability is going to become one of the most prominent topics for many years in the national media

Count Of Building Permits Reveals Shocking Shortfall

 

Please remember to "like" the post and the video on YouTube too! Thank you.

 

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Joe Wrote The Book On How To Sell A Home In The Digital Age

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Joe recently wrote "The Business of Getting Business."

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (19)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joe and thank you for sharing your interesting blog with us on this subject.  Make it a great day!

Feb 01, 2022 08:49 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I have to agree with you, Joe.  Supply line issues with building materials, and the cost of them, is having an impact on building new homes and increasing inventory for home buyers.

Feb 01, 2022 12:14 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Joe, on having this blog FEATURED in the Old Farts Club group!  

Feb 01, 2022 12:15 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks for you continued excellence with video marketing.  We had our roof replaced in November, and we couldn't get 50 year shingles, had to go with the 30year. Amazing. 

 

               

Feb 03, 2022 08:26 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joe - whether it's tea leaf-reading or crystal ball gazing, predicting the future can be rather sketchy but when combined with accurate supporting data, it's amazing how the "chances" can improve.  

Feb 05, 2022 04:44 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Joe - you video gives the data and then the conclusions and I think you are spot on.

Feb 05, 2022 04:55 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Want to learn of the detrimental effects of inflation, price lumber at Home Depot. Enjoy your day.

Feb 05, 2022 05:44 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A walk through any building store and it is apparent as to how tight building has become as prices are through the roof for simple studs and sheathing.  

Feb 05, 2022 06:24 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the video - it says what needs to be said. Pretty shocking what is still going on. Was in Home Depot recently and took a look at prices just for giggles...wow. No laughing matter!

Jeff

Feb 05, 2022 04:37 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

There is a huge lag in building timelines here. A friend finally saw her footings going in on her house after waiting 8 months from the time the permit was submitted. Unbelievable!

Feb 05, 2022 05:52 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Will, have a great weekend!

Feb 06, 2022 04:03 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you Debb & Bernie and thanks for the feature in YouTube Thursdays!

Feb 06, 2022 04:03 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I can't even begin to imagine what your home prices are like Myrl (and thanks for the OFC feature!).

Feb 06, 2022 04:04 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Michael, yeah I too find that the right data helps improve the clarity from the leaves.

Feb 06, 2022 04:05 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I appreciate the feedback Grant, have a great week.

Feb 06, 2022 04:05 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I know what you mean Jeff, Home Depot is not for the faint of heart!

Feb 06, 2022 04:06 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

You've got that right  Wayne, lumber does not grow on trees anymore 😂

Feb 06, 2022 04:07 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Exactly Ed. Every single piece of the home is more expensive and likely delayed. I'm hearing stories of year-long kitchen renovations.

Feb 06, 2022 04:08 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Sad but true Wanda, and I'm not seeing signs of the improvement that was anticipated this year. Hopefully soon ...

Feb 06, 2022 04:09 AM