Weekly Housing Inventory Changes, Mortgage Rates, Mike Simonsen Altos Research
There are no houses for sale! After the aftermath of hurricane Ian, Jason addresses the misconception that there is a ‘fire sale’ of houses after these types of disasters. He also reminds us that 40% of home owners have NO mortgage! And those who do have mortgages, 24% of them have a 3% or lower mortgage rate and 65% have 4% or lower! So where is the distressed home owner? There really is no pressure to sell! So if you are waiting for a crash, you might be waiting a long time!
Jason also welcomes Mike Simonsen of Altos Research as they discuss the factors that keep people from selling their homes and how federal and tax policies contribute to the shortage in housing inventory! Moreover, these factors create more upward pressure on rents!
For more detailed information on the charts discussed in the show, visit AltosResearch.com.
0:00 Welcome to episode 1912
1:51 Housing inventory in disaster areas- addressing the misconception
5:27 Number of mortgages by interest rate; so where are the distressed home owners
6:47 Join the Empowered Investor LIVE conference on January 27-29 in Scottsdale, Arizona
Mike Simonsen interview
7:48 Introducing Mike Simonsen of Altos Research
8:26 Mike’s macro view and insights on the current housing market
11:28 There will be sellers who won’t be selling above the 5.5% mortgage rate
13:11 Factors that keep a lid on inventory for a long time- including fed and tax policies
17:29 Creating more upward pressure on rents
19:19 Total inventory home for sale – US Single Family
21:35 What is the chart not telling us?
24:52 Buyers have stopped buying especially at the 5% threshold
27:26 Median homes list prices – US Single Family
29:20 Where these pricing data come from and the median price on new listings
30:57 Possibility of larger homes not coming into the market in this time of the year
32:56 Weekly inventory change – US Single Family homes
38:15 Standard of living will give in; people will go down the socio-economic ladder
41:34 San Francisco Inventory: Weekly Single Family
42:29 Percent of homes taking price reductions, single family homes US national
45:08 Application for sellers and buyers; going ahead of the curve in your local market
48:29 Where do we go from here?
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning:
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
Free Mini-Book on Pandemic Investing:
|Category||Business & Finance|
|Sensitivity||Normal - Content that is suitable for ages 16 and over|
1 month, 1 week ago
1 month, 1 week ago
Warning - This video exceeds your sensitivity preference!
To dismiss this warning and continue to watch the video please click on the button below.
Note - Autoplay has been disabled for this video.
This advertisement has been selected by the videos creator, Jason Hartman.
This advertisement has been selected by the BitChute platform.
By purchasing and/or using the linked product you are helping to cover the costs of running BitChute.
It is free for anyone to opt-out of receiving advertising via the Interface tab on the Settings page.
To help support BitChute or find out more about our creator monetization policy: