Real Estate Market Minute

Hurricane’s Helene and Milton have ravished parts of the west coast, central Florida, and North Carolina. Other natural disasters like wildfires in California have also created havoc. Has this had an actual influence on the real estate market in these areas of the country? I dive into some thoughts and ideas when it comes to this and give you my personal point of view on the matter.

Several U.S. metros have seen significant declines from the spring with respect to how much it costs per month in housing payments. I go over which ones and what it will most likely mean for these local real estate markets going forward.

The Federal Reserve announced a 50 basis point rate cut decision on Wednesday, September 18th. How significant is this to mortgage rates and the housing market overall? I dive into the decision, what it means for rates and the real estate market going forward.

Rent prices are falling significantly year over year in some major U.S. cities. I go over which cities are getting hit the hardest and the 2 primary reasons why this is happening. Will it continue?

With all the headlines it’s hard to understand what is really happening in the U.S. housing market. But what if we are just in a normal, balanced real estate market that sees no advantage to buyer or seller? I dive into this question, discuss what a balanced market means, and what I see going forward based on the latest data from the National Association of Realtors (NAR).

Retirement aged adults and even younger adults are sharing housing arrangements more than ever before due to rising mortgage, taxes, and insurance costs. What could this new trend known as “Boommates” mean for the housing market going forward and much more on today’s show.

According to Redfin the median monthly mortgage payment decreased year over year for the first time since 2020. This should have major implications on the housing market. I will discuss this and where mortgage rates are headed next.

Buyer demand continues to wane even though rates are lower and new listings and new construction homes are increasing. What is the problem and when will buyers start to come back?

Experts weigh in on their latest forecasts for home values, the direction of mortgage rates, as well as the number of homes sold for the 2nd half of 2024. I run through their opinions as well as weigh in on what I think about all of it.

The number of renter households is growing much faster than ever before as compared to homeowner households according to U.S. Census Bureau data. Should we expect this trend to continue? Also what should it mean for you as a real estate investor?

Stock and bond markets are spinning out of control in the last week and it’s bringing interest rates and mortgage rates down rapidly. Just what will this mean for housing demand and the overall real estate market between now and the end of the year? There is much more to this market action than you think.

According to Redfin nearly 1 in 5 home sellers dropped their asking price in the month of June with is the highest rate ever for the month of June. I go over some of the metros that are showing the most home value drops as well as explain what I think is going on and what’s next for the shifting U.S. housing market.

Recent data suggests we have swung from a seller’s market into a buyer’s market. While it may seem a bit shocking this has been trending in this direction for quite some time. I share why I think the current housing market favors buyers and what it means going forward for the real estate market and interest rates.

According to Redfin year over year new home listings has increased nationally by 6.4%. There are some markets that are showing a very significant increase as much as 30% in new pending home sales! I cover which cities are showing the highest level of new home sales and break down what I think is happening in these cities.

There are some leading market indicators that all savvy real estate investors should be aware of and closely track these days. They will tell you where interest rates, and therefore mortgage rates are most likely headed in the future. I go over them and tell you why they matter. I also cover a few housing markets that I think may benefit and investors should have their eyes on for future growth.

The jobs report on Friday shows that the Federal Reserve must ensure they respect their dual mandate. Because of this I expect interest rates to fall in the coming months quite significantly. I go over this part of the report and explain what it means for the struggling housing market in the coming months and into next year.

Homebuilders are striking back. Why do I say that? The pace of new home construction slowed considerably for the 3rd month in a row. I explain why I think that is and what has to happen for new home construction, and sales, to come back.

Zumper came out with their latest study of the best and worst rental markets over the past year. I go over the list, plus figure out how things have changed so much over the past year and what it could mean going forward.

I go through a series of data points provided by Redfin that tells me the housing market has slowed down enough and it is time for the Federal Reserve to cut interest rates before it’s too late.

According to Redfin we finally arrived to the point where at least temporarily housing supply is outweighing buyer demand in parts of Florida and other parts of the U.S. due to lots of new home construction over the past year. I go over what’s going on with this latest trend, the cities in the U.S. and Florida most effected, and how long this may last.

According the Mortgage Bankers Association (MBA) mortgage demand surged 16% over the past week. Could such a small drop in the 30 year-fixed rate really cause this much demand? If so, what could this mean for the real estate market going forward? I get into this and briefly discuss the latest FED decision to keep rates unchanged at today’s FOMC meeting.

The unemployment rate rose to 4.0% that is the highest reading since January of 2022. What could this data mean for the FED’s next move and interest rates? I go into the effect of this report and what it could mean for the housing market going forward.

Renters are opting to renew leases and stay in their homes much longer than ever before. In fact, according to research from Redfin, 1 in 6 renters are now living in their homes for 10 years or more! Why are folks not moving as often as they used to, and how could this impact today’s real estate market and the housing market that could develop into the future?

Homebuilders are building smaller homes. Buyers are now opting for smaller homes and so homebuilders have been providing just that. However, what’s the real reason for the recent trend in new home size? I get into that and what it really means for the housing market and what buyers want.

According to @apartmentlist which you can follow on X, U.S. rents are down month over month and year over year. The negative to stabilized rental prices indicates we have finally bottomed in the rental market. If so, what does this mean for interest rates and the future of the housing market?