The 1st Time Homebuyer Show w/ Gizmo by House Rich

Season 3 Line up so far -Home inspector letting you know what to looks for as a first time home buyer -2 award winning black appraiser covering what they look for and if there is bias in the industry - Heavy focus on guideline breakdown with a focus on actionable steps you can take as a 1st time home buyer -The headlines/news episode will be moved to YouTube live and dropped on Fridays 🤠I'm a Rea...

Bonus episode. If you enjoy these type of episode let me know. I typically just do them on my YouTube In this episode I react to  @EarnYourLeisure  episode entitle "Housing Crisis: Is Affordable Housing a Trap? Landlords vs Tenants, Where Can You Afford to Live?". I give my feedback on -Is there an Airbnb crash? -If so will an Airbnb crash impact the housing market? -Will a rent strike w...

Appreciate y'all for tunning in. Wanted to provide an update on where things stand as well as give some feedback. email: hello@houserichshow.com Schedule a 1 on 1 or get a referral:https://calendly.com/houserich thanks, Dave

I cover Zillow, Fannie Mae and AEI's 2024 housing market predictions as well as where mortgage interest rates will go in 2023 and 2024. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. 🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️Important info below ⤵️ 🤠I'm...

First-Time Buyers Need to Earn 13% More Than a Year Ago to Afford the Typical starter Home. I discuss why that is the case and why home prices for starter homes in the US may never experience a crash. I also over the top 50 metros and how much the average homebuyer needs to buy a home.  @redfin   article:https://www.redfin.com/news/starter-homes-price-income-needed-increase/ This is a show for mil...

According to recent data from  @fortune  the home prices in the US are up 41.79% since the start of the pandemic. In this episode I cover -the home prices increase in 20 major US markets -Why you already missed the housing crash -Why the supply of home in the US will stay at all-time lows This is a show for millennial first time home buyers looking to buy their 1st home and build generational weal...

Jerome H. Powell, the Fed chair, announced that the central bank raised interest rates to a range of 5.25 to 5.5 percent, the highest level since 2001. The Fed's monetary policy actions are guided by our mandate to promote maximum employment and stable prices for the American people.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wea...

**Really curious on your feedback on this episode, would you like to see more or less episode like this? I break down Larry Cheung's "Housing Market Predictions: The 2023 Housing Crash Has Just Begun (It's Now Completely Illiquid)" video. I think its a well thought out premise and back up with data but lacks over all context.   Let me know your thoughts, who do you agree with and...

https://youtu.be/fVgnKl1k3u8 Base on the % of home price increases and decrease in the top 200 housing markets it looks like the housing market crash/correction ended in June of 2023. I also examine -How the consumer price index and inflation impacts the housing market -How the Federal reserve raising the bench mark rates impacts the market -Why the information in your local market matter than wha...

How to find down payment assistance and home buyer grants for your city, count and state when buying a home. These down payment assistance programs and grants are geared toward first time home buyers.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth...

The U.S. housing market is missing about 320,000 home listings valued up to $256,000, the affordable price range for middle-income buyers (households earning up to $75,000).   Middle-income buyers can afford to buy less than a quarter (23%) of listings in the current market. Five years ago, this income group could afford to buy half of all available homes.   Among the 100 largest metro areas, El P...

Four years after first taking up the issue,  Dallas City Council  voted just before midnight Wednesday to ban short-term rentals or STRs like  Airbnb  and  Vrbo  in areas with single-family zoning.   Roughly 1,000 STRs are currently registered in single-family areas and would now become illegal with enforcement beginning in December. Thousands of others are estimated to be currently operating acro...

After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation.   That’s more projected hikes than financial markets and many economists anticipated.   The decision leaves the benchmark rate at a range of 5% to 5.25%. It marks the first meeti...

In a recent Fox Business interview, real estate entrepreneur and “Shark Tank” star Barbara Corcoran shared her prediction for when home prices will rise, how much she expects them to increase and more.   I take a look at the data to show why she is right. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estat...

Rep. Jimmy Panetta (D-CA-20) and Rep. Mike Kelly (R-PA-16) introduced the More Homes on the Market Act, which would amend the tax code to incentivize more homeowners to sell their houses and increase the market supply.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth an...

How to house hack your way to financial freedom. -My person experience with house hacking -House hacking multi-unit and single family properties -House hacking with a conventional, FHA and USDA loan -How to screen and find tenants as a new landlord -Setting your goals when house hacking   This is a show for millennial first time home buyers looking to buy their 1st home and build generational weal...

Rental scams are becoming more and more prevalent. In this episode we cover -How to vet the listing online before you contact the "landlord" -How to vet the "landlord" if you meet in person -Why you need to meet your "landlord" in person -Red flags when it comes to providing money to the "landlord" This is a show for millennial first time home buyers looking...

We discuss how the Federal reserve's May 3rd, 25 basis point rate hike impacts the housing market, how inflation is driving the rate hikes and where interest rates have been and where they may go.   The Federal Reserve raised its key interest rate another quarter of a percentage point on Wednesday in its ongoing bid to crush inflation, but indicated it could pause the increases to assess the i...

Getting under contract is only part of the home buying process in today's episode we discuss -Making sure your mortgage pre-approval is solid - What your underwriter looks for -4 things you need for a mortgage approval -Loan Estimate v a Closing Disclosure -Why the mortgage process "takes so long" This is a show for millennial first time home buyers looking to buy their 1st home and...

Fannie Mae and Freddie Mac will enact changes to fees known as loan-level price adjustments (LLPAs) on May 1 that will affect mortgages originating at private banks nationwide, from Wells Fargo to JPMorgan Chase, effectively tweaking interest rates paid by the vast majority of homebuyers. The result, according to industry pros: pricier monthly mortgage payments for most homebuyers — an ugly surpri...

The Federal Housing Administration (FHA) published for feedback a draft update to its requirements for insuring mortgages on single family homes with Accessory Dwelling Units (ADUs). The proposal adds additional flexibility in calculating market rent and in using ADU rental income to qualify for FHA-insured mortgage financing. If finalized, these updates would allow more borrowers to qualify for F...

The news about the FHA new 40 year loan is inaccurate it is based on an article from @abc15   in Arizona, that did no research on an old story. The truth is the FHA announced this news months ago and formalized it in an announcement on March 8th. In this episode I break down -what the 40 years pertains to -How to vet false mortgage information -The pro and cons of a 40-year FHA mortgage is the sto...

These are 7 things you should consider when buying a new construction property.   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.   🏠🏡🔑🗝️🏠🏡🔑🗝️🏠🏡🔑🗝️Important info below ⤵️ 🤠I'm a Realtor in Dallas, TX. If you're looking to move...

When buying a new construction property it is important to understand how the property near you is zoned. This is because what is built near you can negatively or positively impact your property values. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth...

In this episode I breakdown the pros (mostly) and cons of buying a home in 2023 versus waiting until 2023. I discus the financial cost of waiting, seller concessions, the level of competition and why it may benefit FHA buyers to purchase now. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to...