Real Estate Market Minute

The 2024 presidential election is now over. I discuss what I see happening right now in the real estate market, and what some new policies that could take effect have on the real estate market going forward.

The 30-year fixed mortgage rate has crept back up to 7% over the past month. However, should this continue going higher into the next several months? I tackle that and explain more about where I think rates are going based on several factors and data points I uncover on today's show.

If you're a Realtor are you seeing stale listings? Are you a seller or homebuilder noticing that your home or property is simply not selling and just sitting on the market for a very long time? There are several reasons for this and I will break down all of them in this episode.

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?

According to The Federal Housing Finance Agency (FHFA), U.S. Home prices rose 6.6% between Q1 2023 and Q1 2024. I dive into the states and metros with both the largest increases and biggest declines. Plus, I tell you what I think is coming next for home values based on the current housing market environment we continue to see ourselves in.

The amount a Property Manager or Landlord asks for rent has decreased year over year from April 2023 to April 2024. Metros in the Sunbelt have seen some of the biggest declines although a city not in the Sunbelt tops the overall list. I go over the top 10 metros and why the impact to the investment part of the housing market may continue to slow down until a few things change.

Buyer demand for a 2nd home either for an investment or a vacation home fell to a 6 year low in 2023. I go over the reasons for this and what it might mean for the current housing market and future trends for both the real estate market and interest rates.

The latest CPI inflation reading shows inflation continuing to cool off. However, there is one aspect of the report that continues to lag and it's directly related to the real estate market. I dig into the latest CPI reading and cover what it most likely means for interest rates going forward and the housing market overall.

The Home Depot quarterly earnings report and call tell us quite a bit about the consumer as it pertains to the housing economy. It also gives us a glimpse into the future of the housing market as I go over what was said and extrapolate this out to what we will see in the coming months and years regarding the real estate market.

Inflation data from last week is telling us that rates should come down in the near future. Just when will they come down, and how big an impact could it have on the real estate market when they do?

The economy is starting to show some cracks and that might just be what is needed for the FED to act and cut interest rates. I go over that and another scenario that the homebuilders face making my case for why I think interest rate cuts and a lower 30 year-fixed mortgage rate could be headed our way by the summer.

The NAHB has outlined a plan to the government to boost housing supply. The 10-point plan is aimed to ease shelter inflation and remove barriers that hinder the construction of new homes. This higher for longer interest rate environment continues to cut into housing supply. I explain the NAHB's plan and what you can read between the lines as it pertains to the future of the housing market.

This morning the government released the April Jobs Non Farm Payroll report and it was well below expectations. Unemployment rate also ticked up to 3.9%. Was does this all mean for interest rates and ultimately the 30 year-fixed mortgage rate going forward, and how significant could this new development be to the housing market?

Yesterday the Federal Reserve decided to leave rates unchanged. But that was not all they said. In fact, I think one of the most important and overlooked things from their statement will have a direct impact on interest rates this month and, therefore, directly impact both the bond market and the 30 year-fixed mortgage rate going forward.

Pending home sales which represent homes that go under contract rose 3.4% in March. While the rise is encouraging we are still at multi-year lows overall. What will it take to increase the volume of home sales and what will be the end result to the housing market if all of these things that I think is inevitable come together?

I take a deep dive into what happened to the Austin, Texas real estate market. Home values skyrocketed for years and have since in recent months cooled and in fact dropped significantly. What caused the boom in home values? Why have values fallen? What is happening now and has it finally normalized? What can we take from this case study and how can we extrapolate it out to some of the other hottest metros that experienced same such as Miami, Tampa, Phoenix, and Dallas?

Experts weigh in on the latest housing market forecasts. I go through it all and determine what it means going forward and why it makes quite a bit of sense going forward for the housing market's next move.

According to recent data from Fannie Mae, almost 25% of people believe home values are going down. Why are so many people negative and bearish about the real estate market? I dive deep into why I think people think like this and is there any merit to their beliefs? The data never lies.

Rent prices nationwide are finally finding their footing. The stabilized rental market showed a small increase year over year much more in line with the norm. But is it really still affordable? Today's show looks at a major study of 100 metropolitan locations in the U.S. to determine where rents are and just what might happen from here on out.

March existing home sales drop although the median price of a home actually rose nationally. I go over the numbers and explain why I think existing homes are selling at a slower pace than a month ago and even a year ago.

The Federal Reserver Chairman Jerome Powell confirmed what I've been speculating over the last few weeks; that interest rates will mostly likely remain higher for a long time. I go over what I think this higher rate environment will mean for the future of the housing market and what impact it may have to inventory and new construction as well.

There are only 14 U.S. states where you can buy a home if you earn less than $75,000 in income per year. I reveal the list and explain why this statistic is so significant in a few different ways.

JP Morgan makes the case that higher interest rates are actually driving inflation even higher. I explain why they think this is the case and could it cause the Federal Reserve to pivot and lower interest rates sooner rather than later? Learn more at https://remarketminute.com

After the hot CPI print this morning, and more and more evidence the economy is strengthening, I am taking on a new stance when it comes to how many interest rate cuts we should expect from the Federal Reserve in 2024. Learn more at https://remarketminute.com

Hiring for residential construction jobs is reaccelerating at a rapid rate. We are seeing the highest number of jobs in this sector that we have not seen in a long time. Why is this happening and what does it say about what the homebuilders think about the future of the real estate market? I go into the numbers and tell you what it means for the housing market.

On March 15th, the National Association of Realtors (NAR) agreed to settle the Sitzer/Burnett case. The changes to the real estate industry are set to take effect in July 2024. I discuss what it means not just for the real estate industry but what it could also mean for the real estate market going forward.

According to realtor.com April is the best time to sell your home as buyer demand increases significantly during this time of year. I go over why they think that is and also I give you my opinion on if you should sell your home now or wait.