of housing market stuck in a deadlockOn the one hand you have Buyers repeatedly beaten by soaring house prices, higher mortgage rates, and almost non-existent affordability.On the other hand you sellerwho sitting on a low interest mortgagethe bidding war begins again as they are unwilling to take a lower price than they want and are waiting for rates to drop. Incredibly low levels of inventory No one is willing to buy or sell.
but Shouldn’t we have gone past this? When interest rates fell earlier this year, the housing market seemed to be heading for a real estate resurgence. But now, homebuyers, sellers and investors don’t know where to turn. That’s why we hired HousingWire Lead Analyst. Logan Motashami, the only one who knows the real estate market better than others.The last time he wore Logan, he Debunked claims of repeated 2008-style housing crashesand now predicting when the housing market will finally reach health again.
logan knows Why Homeowners Won’t Sell, Why Buyers Won’t Bidand When will mortgage interest rates come back?Using some quick stats and data, Logan describes pretty much exactly what would have to happen for us to enter the normal housing market, giving a rough timeline When can we expect these changes to occur?And if you’re still “it’s going to crash!” we recommend sticking with Logan’s full explanation.
Click here to listen on Apple Podcasts.
Listen to the podcast here
read the transcript here
podcast here
In this episode
- Mortgage interest rate forecast And what must be ‘broken’ for interest rates to revert?
- Foreclosures, distressed sellers, and Why there is no more stock in the market
- home buyers and sellers And why does neither of these two move until the other does
- 2008 vs. 2023 Why a repeat Great Recession is much less likely than you think
- what is the cause affordable climb up Help homebuyers enter the property
- Rent growth has slowed, Why rents are starting to stagnate Even if it becomes difficult to buy a house
- of Commercial Real Estate “Crash” And which sectors are most ready for price cuts
- and so more!
link from show
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Note by BiggerPockets: These are opinions written by the authors and do not necessarily represent the opinions of BiggerPockets.
