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9 episodes with daryl fairweather
7 episodes with daryl fairweather
7 episodes with daryl fairweather
3 episodes with daryl fairweather
2 episodes with daryl fairweather
3 episodes with daryl fairweather
2 episodes with daryl fairweather
2 episodes with daryl fairweather
2 episodes with daryl fairweather
For Juneteenth we had a special interview. Tez got to speak with Redfin Chief economist and author, Dr Daryl Fairweather about her new book "Hate The Game" which is all about game theory in economics and how she got to where she is. It's a wide ranging interview, funny yes, but also informative and truly compelling. Go pick up your copy of Dr Fairweather's book and tune in!Become a supporter of this podcast: https://www.spreaker.com/podcast/chipchat--2780807/support.
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Daryl Fairweather, the chief economist for Redfin, to discuss the life and economic lessons in her new book, Hate the Game, and also dive into the latest data in the US housing market with Redfin's unique point of view. About Daryl Fairweather Dr. Daryl Fairweather is the chief economist at Redfin and the author of the new book Hate the Game. At Redfin, she analyzes US housing markets and consumer behavior. She is a member of the advisory council of the Federal Reserve Bank of Dallas and was a former senior economist at Amazon. She is a regular contributor to Forbes, and she has been featured in 60 Minutes, Today, The New York Times, and Bloomberg, among other outlets. She has a degree from MIT and a PhD from the University of Chicago. Here's a glimpse of what you'll learn: What Beyoncé teaches us about game theory. What young buyers should know about buying a home Why the 2025 housing market theme is “disappointment” Why she thinks rents will start growing more expensive in 2026. Which homeowners and housing markets are facing the most distress now What Redfin's “Buyer Demand Index” tells us about home sales for the rest of the summer Which signals to watch for a coming downturn What to know about millennial home buyers What happens to the housing market after 2030 Related to this episode: Hate the Game Book Daryl Fairweather, PhD| LinkedIn Daryl Fairweather | X Redfin Mike Simonsen | LinkedIn Altos Featuring Mike Simonsen, President of Altos A true data geek, Mike founded Altos in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on Twitter Mike on Twitter About Altos Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels. Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business. The Top of Mind podcast features top real estate industry insiders and experts to unpack the most important housing, real estate, mortgage data and trends that are shaping the housing market. Hosted by Altos founder Mike Simonsen and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices
Fritz Folts, chief investment strategist at 3Edge Asset Management. says the uncertainty about tariff policy — which has pushed uncertainty over interest-rate and monetary policies nearly out of sight — has made it particularly hard for investors to decide where to go with their money now. While the hard economic data is good, Folts notes that the concern is how quickly it may change once tariff chaos hits consumer prices; the result is that he's splitting his equity assets 50-50 between domestic and international stocks, and is looking at short-duration bonds and gold to hedge the stock exposure. Selma Hepp, chief economist at Cotality, discusses the latest National Association for Business Economics Business Conditions Survey, released today, which shows that economists' share Folts' concern about the coming months, with 75 percent of the survey respondents putting the probability of a recession in the next year at 25 percent. Just 15 percent of economists were that strong on recession chances in January. Plus David Trainer, president of New Constructs, puts a digital payment technology company in the Danger Zone for the third time, and Daryl Fairweather, chief economist at Redfin, discusses her new book, “Hate the Game: Economic Cheat Codes for Life, Love and Work.”
What are the ways to use economic tools to win at the “real” “game of life? Daryl Fairweather, chief economist at Redfin and author of Hate the Game: Economic Cheat Codes for Life, Love, and Work. She joins us to talk about these tools and what she covers in her book. Find all of Daryl's links on Linktree.
How to navigate the ‘no buy challenge'. Decluttering expert Rebecca Rowe tells us what it's all about and shares her tips for getting started. A partnership between iFinance and Circle K that lets you access personal loans from the convenience store. William Breton, Vice President and Chief Operating Officer of iFinance, takes us through how it works. Then, a Canadian financial planning app called Optiml. Zac Davies, co-founder and CEO, tells us about its main features. Plus, we speak with Daryl Fairweather, Chief Economist at Redfin, about her new book called Hate the Game: Economic Cheat Codes for Life, Love, and Work. To find out more about the guests check out: William Breton: Instagram | Facebook | LinkedIn | TikTok Daryl Fairweather: Linktree Zac Davies: optiml.ca | Instagram | Facebook | Reddit | LinkedIn Rebecca Rowe: rebeccarowe.ca | Instagram | LinkedIn | Facebook | YouTube Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn
Daryl Fairweather, chief economist at Redfin, shares some big ideas from her new book, Hate the Game.
Discover how to navigate the complexities of personal and professional decisions through the lens of behavioral economics. Kevin Coldiron speaks with Daryl Fairweather, Chief Economist at Redfin and author of the book "Hate the Game," who shares insights on using economic principles to tackle everyday challenges, from negotiating salaries to understanding workplace dynamics. They explore the importance of empathy and perspective-taking in decision-making, emphasizing that understanding the rules of the economic game can empower individuals to succeed despite systemic inequalities. Fairweather discusses her own journey in economics and the lessons learned from her experiences, including the value of strategic thinking in competitive environments. This conversation is not only enlightening but also serves as a practical guide for anyone looking to improve their decision-making skills and career trajectory.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Daryl on X and read her book.Episode TimeStamps: 02:26 - Introduction to Daryl Fairweather07:30 - Choosing games and assessing probabilities13:14 - How do you know if your boss is a jerk?14:03 - Why it is important to be aware of how you present...
Many prospective homebuyers may find themselves locked out of the market again this year. What key signs should buyers watch for in the coming months? In the final episode of our special series, “Buying a Home in 2025: Navigating the Crunch,” host Ariana Aspuru takes a closer look at the ongoing challenges facing the housing market, with Wall Street Journal reporters Veronica Dagher and Nicole Friedman, and Redfin's chief economist, Daryl Fairweather. We'll explore the challenges facing builders, from President Trump's tariffs and the Federal Reserve's plans for interest rates to the impact of potential deportation-induced labor shortages. We'll break down how these factors will affect the construction of new homes and could shape the housing landscape in the future. Catch up on previous episodes here. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/african-american-studies
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/psychology
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices
The secret insights of economics, translated for the rest of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose society, these economic decisions—where to work, where to live, even how to live—have a way of feeling fixed and mistakes terminal. Daryl Fairweather is no stranger to these dynamics. As the first Black woman to receive an economics PhD from the famed University of Chicago, she saw firsthand how concepts of behavioral economics and game theory were deployed in the real world—and in her own life—to great effect. Hate the Game: Economic Cheat Codes for Life, Love, and Work (U Chicago Press, 2025) combines Fairweather's elite knowledge of these principles with her singular voice in describing how they can be harnessed. Her great talent, unique among economists, is her ability to articulate economic trends in a way that is not just informative, but also accounts for life's other anxieties. In Hate the Game, Fairweather fixes her expertise and service on navigating the earliest economic inflection points of adult life: whether to go to college and for how long; partnering, having kids, both, or neither; getting, keeping, and changing jobs; and where to live and how to pay for it. She speaks in actionable terms about what the economy means for individual people, especially those who have the sneaking suspicion they're losing out. Set against her own experiences and enriched with lessons from history, science, and pop culture, Fairweather instructs readers on how to use game theory and behavioral science to map out options and choose directions while offering readers a sense of control and agency in an economy where those things are increasingly rare. Learn more about your ad choices. Visit megaphone.fm/adchoices
It might not exactly look like a game, but the economy has winners and losers and there are ways to beat the system. Daryl Fairweather, chief economist at Redfin, joins host Krys Boyd to discuss what she calls the game of economics and why it's set up for those who are already financially well off to continue winning – and how using game theory can help level the playing field. Her book is “Hate the Game: Economic Cheat Codes for Life, Love, and Work.” Learn about your ad choices: dovetail.prx.org/ad-choices
Daryl Fairweather gives us the cheat codes to economic freedom. A new Tell Us A Secret See omnystudio.com/listener for privacy information.
Daryl Fairweather, Chief Economist for Redfin, joins Lisa Dent to discuss a recent report showing that the yearly income needed to buy a house was $100,000. Fairweather reviews the reasons that different parts of the country have it harder than others.
Daryl Fairweather, Chief Economist at Redfin, discusses the current state of inflation and its impact on housing affordability, the effects of climate change on housing perspectives, and the challenges posed by insurance companies in the real estate market. She also explores the rental market's stability, the economic trade-offs between renting and homeownership, and the differing housing policies of political candidates in the upcoming election. Hosted by Kyla Scanlon. (Recorded 10/10/24) Chapters 00:00 Inflation and Housing Affordability 02:11 Climate Change and Housing Perspectives 05:02 Insurance Challenges in Real Estate 06:15 The State of the Rental Market 08:45 Homeownership vs. Renting 10:27 Diverging Housing Policies in the Upcoming Election 12:38 Daryl's New Book: Economic Cheat Codes The content of the video is for general and informational purposes only. All views presented in this show reflect the opinions of the guest and the host. You should not take a mention of any asset, be it cryptocurrency or a publicly traded security as a recommendation to buy, sell or hold that cryptocurrency or security. Guests and hosts are not affiliated with or endorsed by Public Holdings or its subsidiaries. You should make your own financial and investment decisions or consult respective professionals. Full disclosures are in the channel description. Learn more at Public.com/disclosures. Past performance is not a guarantee of future results. There is a possibility of loss with any investment. Historical or hypothetical performance results, if mentioned, are presented for illustrative purposes only. Do not infer or assume that any securities, sectors or markets described in the videos were or will be profitable. Any statements of future expectations and other forward-looking statements are strictly based on the current views, opinion, or assumptions of the person presenting them, and should not be taken as an indicator of performance nor should be relied upon as an investment advice.
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Daryl Fairweather On Trump vs. Kamala Housing Plans, Career Cheat Codes from 'Hate The Game,' + More See omnystudio.com/listener for privacy information.
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Daryl Fairweather On Trump vs. Kamala Housing Plans, Career Cheat Codes from 'Hate The Game,' + More See omnystudio.com/listener for privacy information.
The long tail of the Great Recession and the aftermath of the pandemic have resulted in a major housing affordability crisis in the US — and it's hitting everyone from homeowners to renters. Today, Big Take DC host Saleha Mohsin digs into how we got here and whose problem it is to fix. She's joined by Shaun Donovan, the secretary of Housing and Urban Development during the fallout of the 2008 financial crisis, and by Daryl Fairweather, a chief economist at Redfin. Read more: Mortgages Stuck Around 7% Force Rapid Rethink of American DreamSee omnystudio.com/listener for privacy information.
The long tail of the Great Recession and the aftermath of the pandemic have resulted in a major housing affordability crisis in the US — and it's hitting everyone from homeowners to renters. Today, Big Take DC host Saleha Mohsin digs into how we got here and whose problem it is to fix. She's joined by Shaun Donovan, the secretary of Housing and Urban Development during the fallout of the 2008 financial crisis, and by Daryl Fairweather, a chief economist at Redfin. Read more: Mortgages Stuck Around 7% Force Rapid Rethink of American DreamSee omnystudio.com/listener for privacy information.
We're almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team's latest 2024 housing market predictions. First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again. Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they've been waiting for? We're answering all these questions and more with this housing market data leader on this BiggerNews episode! Support today's show sponsor, Rent App: the free and easy way to collect rent! In This Episode We Cover 2024 housing market and mortgage rate predictions from Redfin's Chief Economist How our economy has stayed so stubbornly strong EVEN with rate hikes Homeowner control and why buyers may be in an even worse position AFTER rates fall Improving housing inventory and what's contributing the most to more homes on the market Why inflation may NOT need to hit the two-percent target for the Fed to lower rates The “lock-in effect” explained and why more homeowners with low rates could start selling And So Much More! (00:00) Intro (01:38) A Stubbornly Strong Economy (07:03) Housing Is STILL Hot? (13:23) Mortgage Rate Prediction ((18:29) Will Inflation Fall? (20:56) 2024 Predictions (23:53) An Opportunity for Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-971 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyoncé calls out the home insurance industry. Here’s everything we talked about today: “Bonds are talking to us after inflation gauge comes in above forecasts” from Marketplace “US consumer prices heat up in March; seen delaying Fed rate cut” from Reuters “$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from Marketplace “TSMC: Biden to give Taiwanese company $6.6 billion to ramp up US chip production” from CNN “Biden administration bets an old plant can make new chips” from Marketplace “‘Benefit of the doubt running thin with Boeing’: Capt. Dennis Tajer on whistleblower claims” from CNBC “Boeing whistleblower says the Dreamliner 787 could ‘break apart’ because of safety flaws, report says” from NBC Beyoncé’s YA YA (Clean Version) Video breaking down Beyoncé’s “YA YA” from Daryl Fairweather on X Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 3:30 p.m. Eastern time. We’ll have news, drink, and play a round of Half Full/Half Empty.
Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyoncé calls out the home insurance industry. Here’s everything we talked about today: “Bonds are talking to us after inflation gauge comes in above forecasts” from Marketplace “US consumer prices heat up in March; seen delaying Fed rate cut” from Reuters “$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from Marketplace “TSMC: Biden to give Taiwanese company $6.6 billion to ramp up US chip production” from CNN “Biden administration bets an old plant can make new chips” from Marketplace “‘Benefit of the doubt running thin with Boeing’: Capt. Dennis Tajer on whistleblower claims” from CNBC “Boeing whistleblower says the Dreamliner 787 could ‘break apart’ because of safety flaws, report says” from NBC Beyoncé’s YA YA (Clean Version) Video breaking down Beyoncé’s “YA YA” from Daryl Fairweather on X Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 3:30 p.m. Eastern time. We’ll have news, drink, and play a round of Half Full/Half Empty.
Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyoncé calls out the home insurance industry. Here’s everything we talked about today: “Bonds are talking to us after inflation gauge comes in above forecasts” from Marketplace “US consumer prices heat up in March; seen delaying Fed rate cut” from Reuters “$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from Marketplace “TSMC: Biden to give Taiwanese company $6.6 billion to ramp up US chip production” from CNN “Biden administration bets an old plant can make new chips” from Marketplace “‘Benefit of the doubt running thin with Boeing’: Capt. Dennis Tajer on whistleblower claims” from CNBC “Boeing whistleblower says the Dreamliner 787 could ‘break apart’ because of safety flaws, report says” from NBC Beyoncé’s YA YA (Clean Version) Video breaking down Beyoncé’s “YA YA” from Daryl Fairweather on X Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 3:30 p.m. Eastern time. We’ll have news, drink, and play a round of Half Full/Half Empty.
On today's episode, Editor in Chief Sarah Wheeler talks with Daryl Fairweather, chief economist at Redfin, about long-term trends in housing, including home prices, climate risk, demographics and more. Related to this episode: Connect with Daryl on LinkedIn Redfin The Gathering HousingWire's YouTube Channel Enjoy the episode! The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team. Learn more about your ad choices. Visit megaphone.fm/adchoices
The busy spring home-buying season is just around the corner. So what can you expect, and what's the impact on the overall economy, even if you don't plan to buy or sell? And what's going on with the rental market? We're getting into it all with Redfin's chief economist, Daryl Fairweather. Learn more about our guests: https://www.theNewsWorthy.com/shownotes Sign-up for our bonus weekly email: https://www.theNewsWorthy.com/email Become an INSIDER for ad-free episodes: https://www.theNewsWorthy.com/insider This episode was sponsored by: Visit vessi.com/newsworthy for 15% off your first purchase! Try AG1 and get a FREE 1-year supply of Vitamin D3+K2 AND 5 free AG1 Travel Packs with your first purchase exclusively at drinkAG1.com/newsworthy. To advertise on our podcast, please reach out to sales@advertisecast.com #HousingMarket #RealEstate #Mortgages
Daryl Fairweather Calls Out Nikki Haley's Team In Discussion Assessing Bidens Accomplishments + MoreSee omnystudio.com/listener for privacy information.
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Daryl Fairweather Breaks Down If Now Is The Right Time To Buy A Home + More See omnystudio.com/listener for privacy information.
Buying a home might not be the best idea in 2023. You'll have to go through a few challenges to get one under contract. First, find a homeowner who wants to sell their home; you'll need to convince them that ditching their low rate is worth the price. Then, secure funding; but with even the best home buyer loan, you'll probably be stuck with a seven percent rate. Wouldn't it be easier just to rent and invest the rest of your money? According to Daryl Fairweather, Ph.D., Chief Economist at Redfin, that's precisely what you should do. New data has shown that with home affordability at historic lows, now isn't the best time to buy a primary residence. But where would you find the inventory even if you wanted to buy? “Locked-in” homeowners are refusing to part ways with their properties, and nobody can blame them. But, there are still a few metro areas worth buying in, and if you live in, or are moving to, one of these areas, you could be in luck. But Daryl doesn't just explain the buying vs. renting debate. She also talks about buyer demand and its recent drop-off, mortgage rate predictions and what we can expect rates to get down to, risky real estate markets facing natural disasters, and news for real estate agents that could change how commissions are paid and collected. In This Episode We Cover Renting vs. buying and which is a better bet in 2023 Affordability, buyer demand, and why renting may be the only option for many Mortgage rate predictions and how low rates could go in the near future Insurance headaches from California and Florida and why insurers AREN'T signing new policies Migration patterns and where Americans are moving as home prices remain high New real estate agent commission news that could change who pays an agent for buying or selling a property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Get Access to Unlimited BiggerPockets Audiobooks and Ad-Free Podcast Episodes Renting vs. Buying a House: Which Makes More Sense Connect with Daryl Daryl Instagram Daryl LinkedIn Daryl Twitter Redfin News Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-125 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Weird Finance, Paco talks to Daryl Fairweather about how economics is fundamentally about decision making, why housing is so expensive, how climate change might impact housing, and the philosophical reasons why a land value tax makes sense. Daryl Fairweather (@FairweatherPhD) is the chief economist of Redfin. Her insights have been featured on 60 Minutes, CBS Evening News, as well as in the New York Times and Washington Post. Prior to joining Redfin, she was a senior economist at Amazon working on problems related to employee engagement and managing a team of analysts. During the housing crisis, Daryl worked as a researcher at the Boston Fed studying why homeowners entered foreclosure. Daryl received her Bachelor's of Science from the Massachusetts Institute of Technology and received her Ph.D. and Master's degrees in economics at the University of Chicago where she specialized in behavioral economics. Follow Daryl on Twitter @FairweatherPhD. This episode also features a segment called Ask Paco Anything. Thank you to our anonymous caller for their question about dating while having a vast income and wealth disparity. If you'd like to ask Paco a question, call our hotline at 833-ASK-PACO or email your question to weirdfinancepod@gmail.com A special thanks to the talented and generous Ramsey Yount for producing, editing, and sound designing this episode. And for being one of the voices in this week's PSA, along with my friend, Jess Rona. The theme music was written and performed by Andrew Parker, Jenna Parker, and Paco de Leon. Stay in touch and sign up for Paco's weekly email newsletter, The Nerdletter.See omnystudio.com/listener for privacy information.
Daryl Fairweather Talks Mortgage Rates, Economy Going Into Recession + MoreSee omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
Redfin's chief economist Daryl Fairweather is calling America's housing market a “desert” right now. She's here to explain how interest rates have affected home prices and availability, what all the data means for both buyers and sellers, and more! Learn more about our guests: https://www.theNewsWorthy.com/shownotes Sign-up for our bonus weekly email: https://www.theNewsWorthy.com/email Become an INSIDER for ad-free episodes: https://www.theNewsWorthy.com/insider Sponsor: https://www.Rothys.com/newsworthy To advertise on our podcast, please reach out to sales@advertisecast.com #HousingMarket #RealEstate #HomeBuying #SellersMarket
Mortgage rates tumbled Monday in the wake of Silicon Valley Bank's collapse that has rattled markets.The average 30-year mortgage rate dropped to 6.57% on Monday, according to the latest Mortgage News Daily quote. That's down from 6.76% on Friday when SVB failed and 7% on Thursday when the bank's stock got hammered. The rate tracks the 10-year Treasury yield, which has fallen around 30 basis points since Wednesday's close as investors bet the unfolding chaos could persuade the Federal Reserve to slow its interest-rate hiking campaign.The unexpected drop in rates could offer an opening for price-strained homebuyers and homeowners who have been waiting for an opportunity to lock in a lower rate, but housing experts remain uncertain how long the dip will last.“There's still a lot of uncertainty but in the near term, I do expect mortgage rates to drop,” Daryl Fairweather, chief economist at Redfin, told Yahoo Finance. “And I expect buyers to take advantage of those mortgage rates because we've seen buyers be incredibly sensitive to those interest rates.”Support the showSign Up For Exclusive Episodes At: https://reasonabletv.com/LIKE & SUBSCRIBE for new videos every day. https://www.youtube.com/c/NewsForReasonablePeople
Real estate prices are extremely high, and now mortgage rates are also rising. Has first-time homeownership ever felt more out of reach? On this week's episode, host Stefanie O'Connell Rodriguez talks to Dr. Daryl Fairweather, chief economist at real estate brokerage Redfin, about what today's housing market means for prospective buyers, plus whether it makes more sense to buy or rent right now. For more info visit realsimple.com/moneyconfidentialpodcast Money Confidential is produced by: Stefanie O'Connell Rodriguez Mickey O'Connor - Senior Editorial Director, Real Simple Lottie Leymarie - Executive Producer Jenny Snyder - Audio Producer Learn more about your ad choices. Visit megaphone.fm/adchoices
We all know how mortgage rates have shot up over the last few months, as the Fed has hiked up rates to fight inflation. But, home prices remain stubbornly high across the country. So, what's the deal? Deconstruct chats with Redfin's chief economist Daryl Fairweather about discussed the impact of the rate shifts on first-time homebuyers and why a slowdown in sales activity has not coincided with a decline in prices.
In this Real Estate News Brief for the week ending September 24th, 2022... the Fed's third big interest rate hike in a row, a record pile of uninvested cash, and the listing data that is changing house hunter choices.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and a big interest rate hike by the Fed. The central bank has been getting more aggressive about tackling inflation, and hiked the Federal Funds rate by another three-quarters of a point. Fed officials also plan to continue hiking the funds rate until inflation recedes to the 2% level. They began raising it in March from a near zero level, and have now brought it to a range of 3 to 3.25%. Higher rates will make adjustable-rate loans more expensive. It will also slow the economy down, and reduce hiring, although the job market is still showing a lot of strength. (1)Fed Chief Jerome Powell says it's not clear whether the money tightening process will lead to a recession or how significant it might be. But Fed officials do expect to see higher levels of unemployment. They expect the jobless rate to rise to 4.4% next year. That's .7% higher than it is now. (2) The latest weekly jobless report shows a slight rise in filings for the first time in five weeks. Initial claims were up 4,000 to 213,000, but that's still a low number. (3)Powell also talked about the need for a housing market correction. He says: “For the longer term, what we need is supply and demand to get better aligned, so house prices go up at a more reasonable pace and people can afford (to buy them).” But he doesn't expect that process to be easy or short-lived. Senior economist of the National Association of Realtors, Nadia Evangelou, says that many homeowners won't want to move because they have super low mortgage rates, and that will impact inventory which could push home prices even higher, instead of lower. (4)Meantime, builders are trying to attract more buyers with lower prices, and more new homes. The Commerce Department reports that overall housing starts were up 12.2% in August after a 10.8% decline in July. Starts were up 18.5% for apartments, and 3.5% for single-family homes. Permits were down 10%.Builder sentiment is also down, despite the increased activity. According to the National Association of Homebuilders, it fell to its lowest level in September since about 2014. It's the ninth month in a row that builder confidence has fallen. Rising mortgage rates and supply chain disruptions are builders' biggest concerns. (5)Existing home sales were down again in August. NAR says they fell .4% for the month to an annual rate of 4.8 million homes. That's the lowest number since May of 2020 when the pandemic shut everything down. Compared with last year, sales are down 19.9%. (6)Mortgage RatesMortgage rates remained above the 6% level thist last week. Freddie Mac says the average 30-year fixed-rate mortgage rose 27 basis points to 6.29%. The 15-year was up 23 points to 5.44%. (7) Mortgage rates have basically doubled since the beginning of the year, and even though they are low by historical standards, they have raised the monthly mortgage payment for a $400,000 loan from about $1,660 last year to about $2,470 this year. (8)In other news making headlines...Record Pile of Uninvested CapitalVenture capitalists are sitting on a record amount of uninvested capital. A report from Colliers shows that VC investors have about $290 billion dollars sitting on the sidelines, and that VC activity pulled back about 12% during the first half of this year. But it still remains higher than historical norms. (9) The Center for Real Estate Technology & Innovation says that during the first half of this year, 26% of venture capital investments went into real estate technology, or about $13 billion. But that leaves plenty of cash on the table for future investment.The Colliers analysis says: “There is no denying that VC investment is a key driver of commercial real estate demand. The states seeing the most VC dollars are California, New York, and Massachusetts.Homebuyers Paying Attention to New Flood-Risk DataNew flood-risk data on listings could steer house hunters away from flood-prone areas. Redfin just conducted a three-month study with 17.5 million users on how flood-risk data impacts the home buying process. It found that users who looked at homes with a severe or extreme flood risk ended up bidding on homes with a moderate risk of flooding. Users who didn't have that information were not impacted.(10)Redfin chief economist Daryl Fairweather says the information will help users make more informed choices. He says: “Some will opt to move out of risky areas altogether, while others will stay put but invest in making their homes more resilient to disaster.” The information could also lead to a decline in home values in flood-prone areas.Patagonia Founder Donates Company to Fight Climate ChangeClimate change is also on the mind of the man who founded the Patagonia outdoor clothing company. Yvon Chouinard (Shinard) announced that he is transferring 100% of the company's voting stock to Patagonia Purpose Trust. Profits that are not reinvested back into the company will be distributed as a dividend to the Holdfast Collective which is a nonprofit dedicated to fighting the environmental crisis. The annual payout is estimated at about $100 million. Chouinard is 83 years old. He said in a press release: “It's been a half-century since we began our experiment in responsible business. If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have.”That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/fed-approves-third-large-interest-rate-hike-and-signals-more-before-year-end-11663783628?mod=mw_latestnews2 -https://www.marketwatch.com/story/fed-will-tolerate-a-recession-and-5-other-things-we-learned-from-powells-presser-11663804117?mod=federal-reserve3 -https://www.marketwatch.com/story/jobless-claims-rise-to-213-000-but-still-show-strong-labor-market-and-few-layoffs-11663850686?mod=mw_latestnews4 -https://www.housingwire.com/articles/the-housing-market-correction-will-be-deep-and-ugly/5 -https://www.marketwatch.com/story/home-builders-say-housing-recession-shows-no-signs-of-abating-as-builder-sentiment-drops-further-11663596378?mod=economic-report6-https://www.marketwatch.com/story/u-s-existing-home-sales-fall-for-the-seventh-straight-month-in-august-11663769406?mod=economic-report7 -https://www.freddiemac.com/pmms8 -https://magazine.realtor/daily-news/2022/09/22/mortgage-rates-jump-even-higher-after-fed-hike9 -https://www.globest.com/2022/09/19/vcs-sit-on-a-record-pile-of-uninvested-capital/10 -https://investors.redfin.com/news-events/press-releases/detail/790/homebuyers-with-access-to-flood-risk-data-bid-on-lower-risk11 -https://www.washingtonpost.com/climate-solutions/2022/09/14/patagonia-yvon-chouinard-climate-change/
Segment 1 – What Happens When a House Sits EmptyWe air the Real Estate Voice show every Saturday, if you cannot listen to the whole show, it is available on Barbs' site: BarbHasTheBuyers.com, OR search Barb & most podcasts like IHeart Radio.Every week the Real Estate Voice covers great information about people's primary assets – their home. What will we be covering today?• What Happens When a House Sits Empty• Should I Sell or Rent Out My Home in 2022• Top Questions to Ask Agents When Selling Your Home• Home Selling Checklist - How to Sell Up to 11% More EVEN in a Shifting Market & Hot New ListingsBarb, indications are the housing market is cooling off quickly, some people decide to move out of their homes first, then sell them. What are some issues with doing that?Why Vacate?• Moving• Empty for Estate Sale• Too Hard to Show with Family in Kids and Dogs, etcWhat Could Go Wrong?Adverse Possession. Happened several times to me:• Rave Parties• Squatters Move In• Agents Let Buyers Move in Without permissionWhat Could Go Wrong?Property Gets Damaged:• Weather• Toilets Used• Carpet Pulled Back• Lawn Gets Over Grown – City Fines• Worst of All – Plumbing IssuesWhat We Do:• Visit at Least Weekly• Let the Neighbors Know to Call Us• Put Prominent Signs Up where anyone can reach usCurrent Market Conditions1. Rise in Current Available Inventory of Homes a. Bidding wars are FAR less frequent b. Inventory typically looks like a Bell Curve Jan – Dec2. Real Estate is Very Local!3. Speed of Sale is slowing substantially4. The Days are Gone of SOLD IN A FEW HOURS!CURRENT INVENTORY IS RISING!• Inventory of Available Homes at STILL LOW!• Supply and Demand:All Types of Properties (SFA, TH, Condo, Patio) (up 24% IN 1 MONTH!)• 2398 SF HomesLOW SUPPLY - WEAKENING DEMAND! WHY?Rising Interest RatesConsumer UncertaintyTwo Years of LOW SUPPLY/HIGH DEMAND - Market Swinging to a more even market due to rising interest rates not supply issues!“Mortgage rates near 6% have put a big chill on demand for homes,” said Redfin chief economist Daryl Fairweather. “With home prices still at record highs, the affordability crisis has been dialed up to an 11 out of 10."What's Happening Now!Fewer Buyers Facing CompetitionTo Give Predications we Need to Look at the Leading Indicators and Especially the Local Market:I Think Some Sellers are Looking Backwards at Similar Sales and Expecting More Than They Can Get NowWhat Does This Mean for Sellers?1. Price REALISTICALLY not OPTIMISTICALLY2. You cannot fully rely on Historic Sales to Substantiate what it will sell for NOW.3. Why? Interest Rates! More Competition!The Good News Prices will Still Rise Expectation of Home ValuesYou are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move Barb at 719-301-3900 or visit BarbHasTheBuyers.com When we come back we will be discussing: Should I Sell or Rent Out My Home in 2022?#realestatevoice #barbschlinker #coloradosprings #yourhomesoldguaranteedrealtycolorado #barbhasthebuyers
Join Redfin economist Daryl Fairweather and agents Kaptan Unugur, of Sotheby's International Realty in New York, and Miltiadis Kastanis, of Douglas Elliman in Florida, for a discussion on how sellers can make the most of a changing market. Moderated by Mansion Global reporter Leslie Hendrickson.
Redfin Chief Economist Daryl Fairweather is speaking here on the federal reserve's attempts to bring down inflation, where rezoning could make a dent in the housing crisis -- and why some homeowners "misplaced entitlement" is slowing progress. Read More: NYC Apartment Rents Break Records Again As Housing Crisis Deepens: https://www.bisnow.com/new-york/news/affordable-housing/its-dire-nyc-rents-rise-to-yet-another-record-above-5k-average-114289 REPORT: Apartments In Sun Belt Markets Set Up For 'Significant Collapse Of Demand': https://www.bisnow.com/national/news/multifamily/report-apartments-in-sun-belt-markets-set-up-for-significant-collapse-of-demand-114160
In this Real Estate News Brief for the week ending July 2nd, 2022... why inflation appears to be slowing, what the GDP says about a potential recession, and the latest reports on rent growth.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The rate of inflation appears to have slowed a bit. The Personal Consumption Index, or PCI, was up .6% in May with a yearly rate that was unchanged at 6.3%, but the core rate was down slightly. The core rate doesn't include prices for food or fuel, and the yearly rate for that dropped from 4.9% in April to 4.7% in May. The Federal Reserve feels the PCI is more accurate than the Consumer Price Index or CPI, because the PCI factors in more variables, such as changes in consumer behavior. (1)It's now official. The economy shrank 1.6% in the first quarter, and the Atlanta Federal Reserve is forecasting a negative reading for the second quarter as well. The Atlanta Fed GDPNow tracker indicates that the economy shrank 1% in Q2. Two consecutive quarters of negative economic growth is interpreted as a recession. But MarketWatch reports that some economists are forecasting growth in the second quarter. We won't have the official reading until the end of this month. (2)(3)As concerns mount about a long-lasting recession, there are now predictions that the Fed will be cutting rates next year, not raising them. CNBC reports that most analysts expect the Fed to continue hiking rates until the end of “next” year, but global chief economist at UniCredit, Erik Nielsen, told CNBC: “Can you really hike interest rates into a recession even if inflation is high? That would be unusual.” Michael Yoshikama of Destination Wealth Management also feels that the Fed will reverse its course and cut rates by the end of “this” year. The predictions are all over the map however. The president of the Federal Reserve Bank of Cleveland, Loretta Mester, expects growth to slow but doesn't expect to see a recession. Ark Invest CEO, Cathie Wood, told CNBC that the U.S. is already in a recession. (4)Initial jobless claims were down by about 2,000 last week, to a total of 231,000, but the four-week average is slightly higher. Continuing claims have continued to fall and are now back down to pre-pandemic levels. MarketWatch economists feel that layoffs may remain low because companies have already had a tough time filling positions, and won't want to let anyone go. (5)Pending home sales have rebounded somewhat. The National Association of Realtors says they were up .7% in May after six months of declines. But there are still challenges ahead for the housing market. NAR's chief economist Lawrence Yun says: “Despite a small gain in pending sales from the prior month, the housing market is clearly undergoing a transition.” He says: “Contract signings are down sizably from a year ago because of much higher mortgage rates.” Year-over-year, they are down 13.6%. (6)Meantime, home prices are up again. The S&P CoreLogic Case-Shiller 20-city index shows a 21.2% year-over-year increase in April. That's up from 21.1% in March. The Federal Housing Finance Agency reports a slightly slower rate of growth. It says that home price growth is up 18.8% year-over-year. (7) Construction spending was down slightly in May, but remained the same for new single-family and multi-family homes. (8) And consumer confidence hit a 16-month low in June, due to concerns about the economy, high prices, and the possibility of a recession. (9)Mortgage RatesThe rise in mortgage rates took a break last week. Freddie Mac says the average 30-year fixed-rate mortgage fell 11 basis points to 5.7%. The 15-year dropped 9 points to 4.83%. (10)In other news making headlines…Homebuyers Lose Purchasing PowerA new study shows that a typical homebuyer has lost more than $100,000 in purchasing power because of high interest rates. Redfin says that a homebuyer that can afford $2,500 a month in mortgage payments can only buy a home worth about $400,000 right now, or $120,000 less than they could at the end of last year. For someone who can afford $3,500 a month, the budget cut is more like $165,000. (11)Redfin's chief economist Daryl Fairweather says: “Many house hunters now need to consider smaller homes – perhaps farther from their ideal neighborhood – or stick to renting if they're priced out of the market altogether.”Rent Growth Hot, but SlowingRents continue to rise across the country, but the pace is slowing down. The latest report from CoreLogic shows that single-family rents continue to move higher. The year-over-year rate in April was 14%. That's more than double what it was in April of last year. (12)And CoreLogic economist, Molly Boesel, doesn't see it slowing down anytime soon. She says: “We expect single-family rent growth to continue to increase at a rapid pace throughout 2022.”A new report from “Apartment List” shows similar rent growth for apartments. The year-over-year increase for July is 14.1% but the report says that apartment rent growth is slowing down. It was 17.8% year-over-year at the beginning of the year. (13)That's it for today. Check the show notes for links. You can also find out more about how changes in the economy are impacting the real estate market by listening to one of my recent webinars. It's called “The Changing Tides of 2022: How to Prepare as a Real Estate investor.” You'll find the webinar under the “Learn” tab on our website at newsforinvestors.com.Thanks for listening! And please remember to hit the subscribe button, and leave a review!I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-pce-inflation-and-consumer-spending-11656591128?mod=economic-report2 -https://www.marketwatch.com/story/its-a-wrap-u-s-first-quarter-gdp-shrank-1-6-the-second-quarter-isnt-looking-much-better-11656506598?mod=federal-reserve3 -https://www.fastcompany.com/90766283/recession-fed-gdp-tracker-atlanta4 -https://www.cnbc.com/2022/07/01/fed-could-cut-interest-rates-in-2023-analysts-say-after-rate-hikes-this-year.html5 -https://www.marketwatch.com/story/jobless-claims-inch-lower-in-latest-week-11656592825?mod=economic-report6 -https://www.marketwatch.com/story/u-s-pending-home-sales-rebound-in-may-reversing-a-six-month-decline-11656338457?mod=economic-report7 -https://www.marketwatch.com/story/home-price-growth-continues-slows-in-april-case-shiller-says-11656422745?mod=bnbh_mwarticle8 -https://www.marketwatch.com/story/u-s-construction-spending-fell-marginally-in-may-271656686288?mod=search_headline9 -https://www.marketwatch.com/story/consumer-confidence-falls-to-16-month-low-on-worries-about-inflation-and-economy-11656425418?mod=economic-report10 -https://www.freddiemac.com/pmms11 -https://www.cnbc.com/2022/06/28/rising-interest-rates-cost-typical-homebuyers-16-percent-of-purchasing-power.html12 -https://www.corelogic.com/intelligence/april-jump-in-us-rent-price-growth-puts-pressure-on-inflation-corelogic-reports/13 -https://www.apartmentlist.com/research/national-rent-data
In this episode, I'm joined by co-host Lars Doucet, and the Chief Economist at Redfin, Daryl Fairweather. We talk about land value taxes, zoning, housing affordability, and a whole lot more.
Housing in the US is a constant source of frustration. On the way up, prospective homebuyers worry that they're missing out on their chance to jump on the housing ladder. On the way down, homeowners worry about losing their equity and their nest egg. So is there a better way? Is there a way to make housing more equitable, and to separate the investment component from the shelter component? On this episode we speak with Daryl Fairweather, the chief economist at Redfin, about a land value tax and how it could help us reposition housing so that it's less of a financial asset that spirals people higher, and blocks so many people out. See omnystudio.com/listener for privacy information.
Real estate prices are insanely high, and now mortgage rates are also rising. Has first-time homeownership ever felt more out of reach? On this week's episode, host Stefanie O'Connell Rodriguez talks to Dr. Daryl Fairweather, chief economist at real estate brokerage Redfin, about what today's housing market means for prospective buyers, plus whether it makes more sense to buy or rent right now. Money Confidential is produced by: Stefanie O'Connell Rodriguez Mickey O'Connor - Senior Editorial Director, Real Simple Lottie Leymarie - Executive Producer Jenny Snyder - Audio Producer Learn more about your ad choices. Visit megaphone.fm/adchoices
The Breakfast Club had Daryl Fairweather stop by, to speak on rent spikes, black homeownership, redefining real estate and more. Afterwards Charlamagne gave "Donkey of the Day" to a woman with an odd goal on her bucket list, which led them to open the phone lines to see what our listeners may have on their bucket list. See omnystudio.com/listener for privacy information.
In this Real Estate News Brief for the week ending April 9th, 2022... the Fed's inflation fighting game plan, first quarter housing affordability, and the metros with more new listings.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and the Fed's plan to rapidly shrink its $9 trillion balance sheet to help control inflation. According to the minutes of its March meeting, which were released last week, the Fed plans to reduce its bond portfolio by about $95 billion per month. (1) Fed policymakers haven't made a final decision yet, but they say the reduction plan could begin next month.Federal Reserve Governor Lael Brainard said at a conference that she expects a series of rate hikes and a rapid winding down of the balance sheet to bring inflation to a “more neutral position.” That includes bigger-than-usual rate hikes. Kansas City Fed President Esther George said in a Bloomberg TV interview that “50 basis points is going to be an option that we'll have to consider, along with other things.” San Francisco Fed Bank President Mary Daly said during a meeting in Seattle that she doesn't expect the nation to fall into a recession. She said: “We could slow so it looks like we are teetering close to it, that's possible, but it will be a short-lived event I expect, and then we'll be back up.” (2)Jobless claims came in at 166,000 last week, which is the second lowest reading in U.S. history. The last time jobless claims were that low was back in 1968. The job market is strong, and that's one major buffer against the risk of recession. Wages are rising at a fast pace, although they are not keeping up with inflation. But jobs are plentiful, and workers are easily quitting one job for another. (3)Mortgage RatesMortgage rates are also rising quickly. Last Thursday, Freddie Mac said the average 30-year fixed-rate mortgage was 4.72%. The 15-year was 3.91%. It's gone even higher since then making it harder for many Americans to afford a mortgage. (4) In other news making headlines... Homes Affordability Drops in Many AreasRising mortgage rates combined with higher home prices are knocking a lot of people out of the home buying market. ATTOM Data Solutions' first quarter Home Affordability Report shows that home price growth in the first quarter was faster than it's been for at least 15 years. It shows that median-priced single-family homes in 79% of the counties analyzed were less affordable in the first quarter than in the historical past. The same report at the beginning of “last year” showed that 38% of the counties were less affordable. (5)ATTOM's Rick Sharga says: “It's certainly no surprise that affordability is more challenging today for prospective homebuyers.” He says: “As home prices continue to soar and interest rates approach five percent on a 30-year fixed rate loan, more consumers are going to struggle to find a property they can comfortably afford.” Inventory Increasing for Spring SeasonThere has been an increase in listings for the spring buying season, with more on the way. Realtor.com says that new listings were up 8% last week, and a new survey shows that 64% of the people in the survey plan to sell their homes in the coming months. (6)That's already starting to bring prices down. According to Redfin, 12% of the homes for sale had a price drop during the month of March, although Redfin's chief economist Daryl Fairweather says that “price drops are still rare” but they do show “there's a limit to a sellers' power.” He says: “Sellers can no longer overprice their homes and expect buyers to clamor at their door.” Redfin says the average home has been selling 2.1% above its asking price. (7) Cities with the Most New ListingsRealtor.com did some research as to which metros are seeing the most new listings. At the top of the list is Panama City, Florida. Daphne, Alabama is second on the list followed by Myrtle Beach, South Carolina; Jacksonville, North Carolina; Iowa City, Iowa, and Macon, Georgia. Rounding out the top ten are East Stroudsburg, Pennsylvania; Greeley, Colorado; Boise, Idaho, and Atlantic City, New Jersey. It sounds like there's a little something in there for everyone. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/balance-sheet-to-shrink-by-95-billion-per-month-as-many-on-fed-see-50-basis-point-hikes-coming-minutes-show-2022-04-06?mod=mw_latestnews2 -https://www.reuters.com/business/feds-brainard-sees-methodical-rate-hikes-rapid-balance-sheet-shrinkage-2022-04-05/3 -https://www.marketwatch.com/story/u-s-jobless-claims-drop-to-54-year-low-of-166-000-11649335442?mod=u.s.-economic-calendar4 -https://www.freddiemac.com/pmms5 -https://www.attomdata.com/news/market-trends/home-sales-prices/attom-q1-2022-u-s-home-affordability-report/6 -https://magazine.realtor/daily-news/2022/04/07/housing-inventory-turnaround-possible7 -https://magazine.realtor/daily-news/2022/04/08/there-may-be-a-limit-to-sellers-power8 -https://www.realtor.com/news/trends/where-were-seeing-the-most-new-listings/
With housing inventory at historic lows, many homes are seeing multiple offers and selling for hundreds of thousands of dollars over their list prices. How can a buyer beat out other bids? Redfin chief economist Daryl Fairweather and agents Shoshana Godwin, based in Seattle, and Michael Stein, who works in the Boston area, talk about the best strategies—and those to avoid—buyers can use to edge out the competition for their dream home.
In this Real Estate News Brief for the week ending February 19th, 2022… what economists are saying about rate hikes, where rents are growing the fastest, and a new residential development plan for Disney fans.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and what economists are saying about inflation and rate hikes. St. Louis Fed President James Bullard believes the Fed should push rates up a full point in the near term. His comments about the need for more aggressive action is also pushing rate hike forecasts as high as seven this year. Bullard told CNBC: “I do think we need to front-load more of our planned removal of accommodation than we would have previously.” (1) The government reported last week that the annual rate of inflation hit 7.5%. (2)Unemployment applications were up 23,000 last week, but economists are not concerned about the strength of the job market. As CNBC reports, millions of businesses have open positions they'd like to fill, so we probably won't see many layoffs. Currently, there are 11 million job openings. (3)Existing home sales were up almost 7% from December to January for a seasonally-adjusted annual rate of 6.5 million homes. That's despite the tight inventory which has now dropped to a 1.6-month supply. Economists had predicted sales of 6.1 million homes. Sales were up in all parts of the country, but sales were strongest in the South with a 9% increase. (4) Builders are letting up on the gas pedal to some degree. The Census Bureau reported that housing starts were down 4% in January. Economists say the decline reflects a number of obstacles that builders are dealing with including supply-chain issues, COVID-19 cases, and bad weather in some areas. Builders are also worried that higher mortgage rates could impact demand. Permits were up 1%. The chief economist at Pantheon Macroeconomics, Ian Shepherdson, told CNBC: “The housing market is set for a sustained softening over the next few months.” (5)A monthly survey on homebuilder confidence was also down. The National Association of Home Builders says it fell for a second straight month, mostly due to supply chain delays. NAHB Chairman Jerry Konter says: “Production disruptions are so severe that many builders are waiting for months to receive cabinets, garage doors, countertops, and appliances.” (6)Mortgage Rates Mortgage rates have now jumped to their highest level since May 2019. Freddie Mac says the average 30-year fixed-rate mortgage was up 23 basis points to 3.92% last week. The 15-year was up 22 points to 3.15%. (7)In other news making headlines…Rents Are Surging HigherRent growth hit a new record in January. Redfin says the average asking rent was up 15.2% year-over-year. Rent growth was the highest in Portland, Oregon, and Austin, Texas at 39% and 35% respectively. Other metros in the top ten list include the Florida metros of Tampa, Fort Lauderdale, West Palm Beach, and Miami. They are all in the 30% range. (8)Redfin's chief economist Daryl Fairweather says that housing is expensive whether you are renting or buying. Redfin says the average monthly rent is now $1,891 while the average monthly mortgage payment is $1,595. Many consumers can't afford to buy a home, however, because of the down payment.Investors Buying Record Share of HomesThat kind of rent growth is great motivation for investors who bought 18.4% of U.S. homes in the fourth quarter. That's almost 13% higher than Q4 of last year. Redfin says that investors are taking advantage of the strong demand for rentals and the incredible rent growth. (9)Redfin says that investors are paying high prices for homes because of that rent growth. Many are also paying in cash, which eliminates the expense of a loan. A typical price point for investors is about $433,000. That's up 10% from last year.Disney's Housing Development Plan If you love Disney theme parks, you may get the opportunity to enjoy the magic as your primary residence. The Walt Disney Company announced a residential development project called “Cotino” near Palm Springs, in Rancho Mirage. It'll be a 24-acre “grand oasis featuring clear turquoise waters with crystal lagoons.” (10) It will house residents of all ages with a special section for the 55-plus age group. Homes will range in size from condos and single-family homes to larger estates. There will be a waterfront clubhouse, club-only beach area, water activities, and Disney events throughout the year. Disney cast members will run the community association. Day passes will also be available to non-residents.If you don't want to live in the desert, Disney says it is working on other locations for future developments as part of its “Storyliving by Disney” long-term plan. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.cnbc.com/2022/02/14/bullard-say-the-fed-needs-to-front-load-tightening-because-inflation-is-possibly-accelerating.html2 -https://www.marketwatch.com/story/coming-up-consumer-price-index-116444982733 -https://www.marketwatch.com/story/u-s-jobless-claims-jump-23-000-to-248-000-11645105161?mod=economy-politics4 -https://www.marketwatch.com/story/coming-up-u-s-existing-home-sales-11645195810?mod=economic-report5 -https://www.marketwatch.com/story/coming-up-u-s-housing-starts-11645104312?mod=newsviewer_click6 -https://www.cnbc.com/2022/02/16/builders-are-waiting-months-to-get-cabinets-and-garage-doors.html?__source=newsletter%7Ceveningbrief7 -http://www.freddiemac.com/pmms/8 -https://finance.yahoo.com/news/real-estate-investors-buying-record-140000275.html9 -https://www.redfin.com/news/redfin-rental-report-january-2022/10 -https://magazine.realtor/daily-news/2022/02/18/disney-to-build-themed-housing-development
Daryl Fairweather, Chief Economist at Redfin, discusses how higher interest rates and higher inflation can slow down home building. She explains the typical American is priced out of a home because it is so high and with mortgage rates increasing, it will be harder to borrow. Brad Hunter of Hunter Housing Economics, says we are not in a housing bubble, but it still resembles 2005. He points out there is some FOMO among would-be buyers. He says home appreciation will slow down to about 6-7% this year, compared to the 20% we have seen.
Redfin's Chief Economist Daryl Fairweather talks through what is causing the rent spikes across the country, how this will impact domestic migration -- and what should be done about the housing crisis that is now impacting the upper middle class.
We're back to blowing bubbles in the housing market with Daryl Fairweather, an acclaimed economist from Redfin, where we ask if the double-digit grow in housing prices indicates another bubble. Visit https://www.bubbletroublepodcast.com/ for the transcript for this episode.
In Season 6 of CPR's Connect the Dots podcast, we're discussing climate resiliency — that is, our ability to handle the stresses caused by climate disruption and adapt to changing conditions. The crisis may be stark, but there are solutions and pathways to a viable, sustainable future. Kicking off the season, host Rob Verchick digs into resiliency, real estate, and how climate change is beginning to impact people's decisions on where to live -- or move. Rob is joined by Daryl Fairweather, chief economist at Redfin; Philip Mulder, a researcher at the University of Pennsylvania's Wharton School of Business; Matt Kahn, Provost Professor of Economics at the University of Southern California and the author of Adapting to Climate Change; and Sean Hecht, CPR Member Scholar and Evan Frankel Professor of Policy and Practice at UCLA School of Law.
2021 was a record-breaking year for housing and real estate. Redfin compiled a list of 10 housing records that we experienced last year. And some of these themes are expected to continue into 2022.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.It's been an unusual year to say the least. It was the second year of the pandemic and one where many Americans have changed where and how they live because of the COVID-19 and a surge in remote work. That has also changed the kind of homes they buy and rent.Redfin Chief Economist, Daryl Fairweather, says: “The ongoing pandemic, including its seismic effect on the U.S. economy and the way Americans live and work, has made 2021's housing market anything but typical.” He says: “Remote work, low mortgage rates, a shortage of building materials and wealth inequality that has allowed an influx of affluent Americans to buy vacation homes, to name just a few factors, have come together to create a historic year for real estate. Buyers paid more for homes, bought sooner than they planned, searched outside their hometowns or all of the above.” (1)Redfin's List of 2021 Housing RecordsLet's take a look at Redfin's list:1 - The national median home price hit an all-time high of $386,000 in June. That's a 24.4% year-over-year increase. Home prices have been going up all year, thanks to a lack of inventory and strong demand. Low mortgage rates have also helped fuel that price growth. Redfin says that home prices are higher than pre-pandemic levels in almost all parts of the nation.2 - Inventory levels hit a record low in June when there were just 1.38 million homes for sale. That was 23% lower year-over-year. The problem has gotten worse because of high demand, homeowners deciding to refinance at low rates instead of selling, and new construction that isn't keeping up with the need for homes.3 - Homes are selling more quickly than ever before. Redfin says the typical home spent just 15 days on the market in June and July. In June of 2020, the median number of days on the market was 39. Buyers have been snatching up homes as fast as they can. Many do so without seeing the homes in person.4 - Sellers were also taking advantage of the situation. More than 60% of them accepted offers within two weeks, which is an all-time high.5 - More than 56% of the sold homes went for more than the listing price. That's almost 30 percentage points higher than 2020, and a new record. Redfin says the average home sold for 2.6% over the list price. Almost three quarters of all Redfin agents say their buyers faced competition.6 - The 30-year fixed-rate mortgage went as low as 2.65% in January. That's the lowest ever, and is one reason for the home-buying and refinancing frenzy that we've been seeing.7 - Investors have been busy buying almost one out of every five homes on the market. That's 18.2% of the purchased homes and 11.2% more than the year before. Total dollars spent by investors was a record $63.6 billion in the third quarter compared to $35.7 billion during Q3 2020.8 - Demand has almost doubled for second homes. It was up 91% in January, mostly due to a surge in remote work. Instead of working at home, employees have been enjoying their work hours at beach homes and mountain cabins.9 - Almost a third of Americans wanted to move to a new city this last year, thanks to remote work and the ability to work from wherever. Many workers left expensive cities in search of more affordable areas.10 - Luxury home prices hit new records. The median sale price for a top tier home was 25.8% higher year-over-year, or a little over a million dollars. Mid-priced home were up 16% and affordable homes were up 13.2%.This data is food for thought as we head into the new year, and start mapping out our investing strategy. Mortgage rates are expected to move higher which will slow down price growth a bit. But home buyer demand is expected to remain high along with supply chain issues that are interfering with home construction. And for those who can't buy a home, they will very likely be looking for a single-family rental so they can live like a homeowner.One economist, Logan Mohtashami, lead analyst for Housing Wire, actually believes rates could decrease in 2022. To find out why, I've invited him to be my guest on my 2022 Housing Forecast this Thursday. You can sign up for that at newsforinvestors.com. It's free to join and then you'll get access. I interviewed Logan on my other podcast last Spring, and based on the great reviews, I'd say you won't want to miss this webinar. He's been eerily accurate with his predictions, which have often been the exact opposite of what you see in headline news. Again, you can sign up for the free webinar at newsforinvestors.com. You can also join RealWealth, for free. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke.Links:1 - https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-top-10-housing-trends-of-2021-redfin-2021-housing-data-housing-records-set-in-2021-daryl-fairweather-12865.php
COVID cases are on the rise and expected to get worse in the coming weeks. The rapid spread is once again causing school closures and postponing sporting events. President Biden will address the nation today to discuss his plan to deal with the surge. Dr. Bob Lahita, Director of the Institute for Autoimmune and Rheumatic Disease At Saint Joseph's Health, discusses the latest on COVID, what's driving the surge in cases, and what President Biden and other government officials should and should not do about the problem. Homeownership trends have changed a great deal over the past few years, with the pandemic shifting dramatically how many Americans both live and work. Census data shows that many larger U.S. states saw their populations decrease, as Americans consider these new factors and flock to new destinations. Daryl Fairweather, Chief Economist at Redfin joins to break down why the Sun Belt has become the most popular migration destination, how the pandemic has decreased the impact that employment has on moving, and how the political landscape is becoming a growing factor when considering moving. Plus, commentary by Fox Nation host Tammy Bruce.
COVID cases are on the rise and expected to get worse in the coming weeks. The rapid spread is once again causing school closures and postponing sporting events. President Biden will address the nation today to discuss his plan to deal with the surge. Dr. Bob Lahita, Director of the Institute for Autoimmune and Rheumatic Disease At Saint Joseph's Health, discusses the latest on COVID, what's driving the surge in cases, and what President Biden and other government officials should and should not do about the problem. Homeownership trends have changed a great deal over the past few years, with the pandemic shifting dramatically how many Americans both live and work. Census data shows that many larger U.S. states saw their populations decrease, as Americans consider these new factors and flock to new destinations. Daryl Fairweather, Chief Economist at Redfin joins to break down why the Sun Belt has become the most popular migration destination, how the pandemic has decreased the impact that employment has on moving, and how the political landscape is becoming a growing factor when considering moving. Plus, commentary by Fox Nation host Tammy Bruce.
It's official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday.During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.“The number of homes for sale typically declines another 15% in December,” Daryl Fairweather, Redfin chief economist said in a statement. “That means that by the end of the year, there will likely be 100,000 fewer homes for sale than there were in February when housing supply last hit rock bottom. I think more new listings will hit the market in the new year, but there will also be a long line of buyers who are queuing up right now.”https://www.realtrends.com/housing-inventory-has-never-been-lower/#:~:text=The%20number%20of%20active%20listings,42%25%20drop%20compared%20to%202019.Support the show (https://www.patreon.com/seattlerealestatepodcast)
2021 has been the ultimate seller's market with a number of housing records set this past year. The pandemic sent remote workers into a rush looking for bigger places and mortgage rates were at an all-time low. Median home sales reached a high and the speed at which homes sold also set a record. Daryl Fairweather, Chief Economist at Redfin, joins us for all the housing records set this year. Next, we are in the era of the celebrity meal and it could be an ongoing trend. We've seen partnerships with celebrities and influencers with fast-food restaurants and it has been a big benefit for both parties. Restaurants get plenty of promotion on social media and collect tons of customer data. The celebrities, get undisclosed amounts of money. Anna Kambhampaty, styles reporter at the NY Times, joins us for more. Finally, some employers have been tracking remote workers with things like keyboard or mouse-tracking software and it is making them feel like they can't step away from their desk, even for a restroom break. Enter ‘mouse movers,' small devices that jiggles your mouse to make it look like your active. Samantha Cole, senior staff writer at Vice, joins us for how sales are taking off. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
2021 has been the ultimate seller's market with a number of housing records set this past year. The pandemic sent remote workers into a rush looking for bigger places and mortgage rates were at an all-time low. Median home sales reached a high and the speed at which homes sold also set a record. Daryl Fairweather, Chief Economist at Redfin, joins us for all the housing records set this year. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Daryl Fairweather is the Chief Economist of Redfin. Prior to joining Redfin she was a senior economist at Amazon working on problems related to employee engagement and managing a team of analysts. During the housing crisis, Daryl worked as a researcher at the Boston Fed studying why homeowners entered foreclosure. Daryl received her Bachelor's of Science from the Massachusetts Institute of Technology and received her Ph.D. and Master's degrees in economics at the University of Chicago where she specialized in behavioral economics. Follow her on Twitter @FairweatherPhD.
The Existing Home Sales September 2021 report was released today. The annual rate was 6.29M vs the 6.09M estimate. "Demand is steady and strong relative to a typical Fall season as buyers feel the pressure of rising mortgage rates," says Daryl Fairweather. Brad Hunter provides his take on housing supply and demand, in addition to mortgage rates in the future.
Today's HousingWire Daily is an episode of the Houses In Motion series, hosted by Senior Real Estate Reporter Matthew Blake. Blake interviewed Daryl Fairweather, chief economist at Redfin, who explained how the public policies and business decisions made after the housing bubble burst in 2008 capped who is able to buy a house and led to the current inventory shortage.Fairweather argued that these limits came as demand soared thanks to low interest rates and a shift toward millennial homebuyers. Fairweather also discussed how climate change might affect real estate going forward.
This week's episode of State of Play explores The Black Homeownership Gap. Guests this week include the U.S. Sec. of Housing and Urban Development, Marcia L. Fudge; the Coleman A. Young Endowed Chair and Professor of Research at Wayne State University Department of Urban Planning, James Carr; Ass. Prof of Sociology at the University of New Mexico and author of "Race Brokers: Housing Markets and Segregation in 21st Century Urban America," Dr. Elizabeth Korver-Glenn; Chief Economist at Redfin, Daryl Fairweather, PhD; and, Mark Alston, President and CEO of Alston and Associates and Director of the National Association of Real Estate Brokers' Political Action Committee.
Today's HousingWire Daily episode features an interview with the Chief Economist at Redfin, Daryl Fairweather. Fairweather is joined by HousingWire Digital Media Manager Alcynna Lloyd to discuss a recent homebuying report, which shows that home prices in August remained stagnant while competition amongst buyers slightly declined. Fairweather also shares insight into how the new COVID-19 Delta variant might impact the homebuying market if local governments reinstate precautions such as mask mandates and lockdowns.
Today we're talking about the booming housing market. The National Association of Realtors says home prices are at record-high levels and still climbing. The trend is fueled in part by a lack of supply. There are simply not enough houses to accommodate everyone looking to buy one right now. We're talking about all this and more with Daryl Fairweather, the chief economist for the real estate brokerage Redfin. She says the current situation exposes deeper, more fundamental problems with the housing industry that desperately need to be fixed. But first, we'll hear from the contractor and real estate investor Scott McGillivray. He's the host of the HGTV renovation show “Vacation House Rules,” which is now in its second season. He's talking about how material shortages have impacted the building industry, weighing in on the state of the rental market and explaining why remodeling may be preferable to buying a new house right now. This episode is brought to you by BetterHelp.com/newsworthy Get ad-free episodes by becoming an insider: www.theNewsWorthy.com/insider
In this Real Estate News Brief for the week ending June 19th, 2021... what the Fed is saying about rate hikes and tapers, how much single-family rents have grown, and where homebuyers are moving.Economic NewsWe begin with economic news from this past week. The Federal Reserve is starting to make plans for rate hikes and tapering due to the risks of higher inflation. In a statement after its monthly meeting it said that it might hike short term interest rates two times in 2023. It also continued to say that recent price hikes were temporary, but Fed Chief Jerome Powell said in the news conference that inflation could rise faster and last longer than he and his colleagues had anticipated. The Fed had forecast an annual rate of 3% this year, but it recently surged in May to a 13-year high of 5%. Powell also said that the Fed has had its first discussion about tapering. It is currently purchasing $80 billion in Treasurys and $40 billion in mortgage-backed securities to help stimulate the economy. (1) The job market recovery had a slight setback last week. Wall Street Journal economists had predicted initial jobless claims to continue their decline, but the Labor Department reported an increase of 37,000. Continuing claims were also up by a small amount to a total of about 3.5 million. And there's still a total of 14.8 million people collecting state or federal benefits of some kind. (2)Many are collecting an extra $300 a week from a federal program that's set to expire in September. Because it's been difficult to fill all the jobs that are available, 25 states say they are opting out of that program early, as an incentive for people to get back to work. (3)Housing starts were higher in May, but lumber prices and labor shortages kept those numbers lower than economists expected. The Census Bureau says they were up 3.6% to an annual rate of 1.57 million. And then permits were down 3%, which is also a reflection of the trouble that builders are dealing with. (4) But they may get a break on lumber pricing. They have dropped significantly in just the past two weeks. The Wall Street Journal reports that lumber futures for July are down 41% to around $1,000 for a thousand board feet. That's from a high of around $1,700 in early May. (5) Mortgage RatesMortgage rates shot up on Thursday, after comments from Fed Chief Powell. According to Mortgage News Daily, the 30-year fixed-rate mortgage jumped to 3.25%. Earlier in the day, Freddie Mac had posted it's weekly results for the average interest rate and it was still below 3%. (7)In other news making headlines...Single-Family Rent Growth DoublesSingle-family rent growth doubled during the pandemic with a one-year period. CoreLogic says rent growth rose from 2.4% in April of last year to 5.3% in April of this year. That includes both townhomes and detached homes. As CNBC reports, that's the fastest rate of growth in almost 15 years, mostly due to strong demand for larger homes with yards. (8)If you separate the numbers for stand-alone detached homes, the gains are even larger. CoreLogic says those rents are 7.9% higher, with Phoenix topping the list at 12.2%. Tucson, Las Vegas, and Atlanta were right behind Phoenix. Two big-city decliners include Boston, with a 5.9% drop in single-family rents, and Chicago, with a 2.6% decline.Moving to a Different MetroA new report from Redfin shows that homebuyer interest in moving to a different metro that began during the pandemic, continues at an elevated level. (9) Based on where Redfin.com users are searching, 31.4% of those people were interested in moving to a new metro in April and May. That's up from 26% in the first quarter of last year, and only one-tenth of a percent less than the first quarter of this year. The top five destination cities include Phoenix, Las Vegas, Sacramento, Austin, and Miami.That's also pushing prices higher in those destination cities. Redfin says that prices in Austin are up 42.4% year-over-year. That's the largest increase among all the cities that Redfin was tracking. Phoenix prices had the second largest increase. They were up 33.3%. Sacramento was fifth on the list with prices rising 29.3%.Redfin chief economist, Daryl Fairweather, says: “Even though homes in popular destinations are much more expensive than they were a year ago, it's still well worth it for many people to leave expensive coastal cities in favor of inland metros.”States with the Most Shopping CentersHave you ever wondered how many shopping centers and malls there are in the United States? According to a report by the International Council of Shopping Centers, the U.S. has just over 115,000 of them. And 27% of them can be found in just three states. (10)California has the most wth 15,285. Texas is second with 12,834. And Florida is third, with 10,843. Those three states also pay the most in sales tax as well.You'll find links to our sources in the show notes for this episode at NewsForInvestors.comClick here to join RealWealth now, it's free and only takes a minute!Links:1 - https://www.marketwatch.com/story/fed-now-sees-two-interes-trate-hikes-in-2023-116238668242 - https://www.marketwatch.com/story/u-s-jobless-claims-rise-unexpectedly-in-latest-week-11623933361?mod=economy-politics3 - https://www.cnbc.com/2021/06/16/states-to-end-federal-unemployment-benefits-for-400000-this-weekend.html4 - https://www.marketwatch.com/story/builders-break-ground-on-more-new-homes-in-may-but-its-still-not-enough-11623848035?mod=home-page5 - https://magazine.realtor/daily-news/2021/06/16/lumber-prices-are-dropping-fast6 - http://www.mortgagenewsdaily.com/7 - http://www.freddiemac.com/pmms/8 - https://www.cnbc.com/2021/06/15/rents-for-single-family-homes-just-saw-the-largest-gains-in-nearly-15-years.html9 - https://www.redfin.com/news/april-may-2021-housing-migration-trends/10 - https://chainstoreage.com/27-us-shopping-centers-are-found-california-texas-and-florida
Investor interest in single-family rentals is making a post-COVID comeback. A new report by Redfin shows an increase in the purchase of single-family homes by investors after three straight quarters of declines during the pandemic.Redfin says there was a 2.7% increase in the number of homes bought by investors during the first quarter of this year. That’s about 1 in every 7 homes compared to about 1 in every 10 homes during the previous three quarters. Cautious Approach During PandemicRedfin says that investors held back at the beginning of the pandemic and were slow to jump back in. Even though the housing market recovered quickly, many investors took a more cautious approach because of job losses, unpaid rents, and the eviction moratorium.Redfin’s senior economist, Sheharyar Bokhari says: “Investors are likely starting to feel more comfortable because the economy is in recovery mode.” And, they may also see the declining inventory of homes as an opportunity because a lot of families who’d like to buy a home will end up renting. He says many investors have the cash and can easily add these homes to their portfolios.Real Estate More of a Safe HavenRedfin’s chief economist, Daryl Fairweather, calls it “a relatively safe bet right now.” If you’ve been following the stock market, you know that it’s been extremely volatile. Even with home prices rising as fast as they have, real estate has been more of a safe haven than the stock market. And the higher-priced homes are getting a lot of that attention.Redfin says that the purchase of expensive homes by investors was up almost 20% year-over-year in the first quarter, while the purchase of mid-priced homes was only up 12.7%. Low-priced homes were up 9.2%. That last number may have something to do with the lack of inventory at the lower price levels. Home prices for those three tiers average about $429,000 for expensive, $272,000 for mid-priced, and $184,000 for affordable.Bidding Wars for Luxury HomesGetting an even bigger piece of the pie are luxury homes. Redfin says there was a 41% increase in the purchase of luxury homes by investors year-over-year in quarter one. Those are homes selling for an average of almost a million dollars. The National Association of Realtors’ chief economist, Lawrence Yun, says there’s more activity at the upper end because there’s less of an inventory problem. But it’s also very competitive. A recent article in SFGate talks about bidding wars in the San Francisco East Bay and said that homes are often selling for $1 million over asking. Investors Buy 1 in 5 Affordable HomesBut Redfin says while the biggest jump in purchase activity among investors occurred at the upper end, the largest share of homes purchased by investors was at the lower end. In just that part of the market, 1 in 5 single-family homes sold in the U.S. was bought by an investor. Miami topped the list of cities with the largest market share of single-family homes purchased by investors. Atlanta was next, followed by Jacksonville, Charlotte, Las Vegas, and Phoenix.Interest in Smaller Markets GrowingThe report confirms investor interest in smaller markets is growing. It says: “In recent years, investors and individual homebuyers alike have crowded into mid-sized cities that are more affordable than major hubs like San Francisco and New York. This trend has been accelerated by the pandemic, with so many Americans suddenly able to work from anywhere. These markets have become increasingly competitive for buyers.”You’ll find links to those reports in the notes for this episode at NewsForInvestors.comLinks1 - https://www.prnewswire.com/news-releases/investor-home-purchases-rise-for-first-time-in-a-year-as-us-economy-bounces-back-301294921.html2 - https://www.housingwire.com/articles/investors-are-buying-up-single-family-homes-across-the-us/
In this Real Estate News Brief for the week ending May 22nd, 2021... the government’s rental assistance program is helping landlords, rent growth speeds up, and the housing boom is adding value to opportunity zones.Economic NewsWe begin with economic news from this past week, and a Treasury Department announcement that it has distributed $6 billion in rental assistance in the last two weeks. And more money is on the way. (1) A total of $21.6 billion was allocated to the program as part of a stimulus package approved in March. Another $25 billion had been approved in December. The funding is important to help pay off tenant debt to landlords as eviction moratoriums expire.More Americans are heading back to work. The latest unemployment report shows that initial jobless claims were down 34,000 last week, to 444,000. (2) That’s the lowest number we’ve seen in more than a year. More than 16 million people are still getting unemployment checks, but that number is also decreasing.Several states say they plan to stop offering the additional $300 a week in federal benefits, to encourage people to get back to work. That program is supposed to end on September 6th. CNBC reports that a few states are also offering a one-time bonus for people who start working again. Those states include Arizona, Montana, New Hampshire and Oklahoma with bonuses ranging from 500 to $2,000. (3)The latest round of housing data shows another drop for existing home sales. The National Association of Realtors says they fell 2.7% in April to a seasonally adjusted annual rate of 5.85 million homes. (4) It’s the third month in a row that sales fell as the inventory crunch continues. NAR’s chief economist, Lawrence Yun, expects to see more inventory “as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes.”Residential construction was also down in April. The U.S. Census Bureau reports a 13% decline in month-to-month single-family home starts. Permits were also down by 4%. (5) Economists had expected better numbers. Senior economist, Andrew Grantham, at CIBC Capital Markets told MarketWatch that the decline is probably the result of material shortages such as lumber, and possibly labor as well.That decline didn’t hurt builder confidence. The National Association of Homebuilders reports that the monthly index held steady in May. (6) Although builders face challenges, the NAHB says that builders remain confident about the strength of the housing market.Mortgage RatesMortgage rates returned to that 3% level this last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 6 basis points to exactly 3%. The 15-year was up 3 basis points to 2.29%. (7)In other news making headlines...Rent Growth Speeds UpRent growth sped up in March to its fastest pace since the beginning of the pandemic. Realtor.com says the median rent in the 50 biggest metros was up 2.7% year-over-year. Before COVID-19, the annual rate was 3.2%. (8)Realtor.com says that two-bedroom units are seeing the most growth. They were up 5.2% annually. The website’s chief economist, Danielle Hale says: “If the trend continues, renters could expect to be paying pre-pandemic rates by as early as this fall.”Tech hubs still have a ways to go because rents were high, and they fell the most as employees worked remotely from less expensive areas. But tech companies are announcing return-to-office plans, so rents in the tech hubs are starting to turn around.Median Home Price Hits New HighRedfin is reporting a new high for the median home price. According to its researchers, the national median home price hit $370,528 in April. That’s a 22% increase from a year earlier. (9)That percentage may be somewhat skewed because people weren’t buying many homes in April of last year, but Redfin’s chief economist, Daryl Fairweather says that the tight inventory will keep those prices climbing. She says it’s going to take years for builders to catch up and the housing boom is far from over. In April, for-sale homes only spent an average of 19 days on the market. Redfin says that 49% of them sold for more than the asking price. Both are new records.California Home PricesThe national home price numbers pale in comparison to California. NAR says the median there has flown past $800,000 for the very first time. (10) The new median home price for California is $813,980.That’s up 7.2% from March and it’s up 34% from the previous year. Again, that year-over-year percentage is probably skewed because of the pandemic lockdown. Prices Rise in Opportunity ZonesThe housing boom is also adding value to opportunity zones. Those are federally designated areas that need the help of investors. In exchange for long-term opportunity zone investment, they will get tax breaks. The program was approved as part of the Tax Cuts and Jobs Act of 2017.According to ATTOM Data Solutions, two-thirds of those areas have seen home price growth of at least 10% in the first quarter of this year. (11) Prices are still much lower than the rest of the nation. Researchers say that about 43% of the zones have median home prices that are less than $150,000. But the percentage is going down. A year ago it was 50%.You’ll find links to the stories and reports I’ve referenced in this podcast at www.NewsForInvestors.comLinks:1 - https://home.treasury.gov/news/press-releases/jy01932 - https://www.marketwatch.com/story/u-s-unemployment-claims-continue-to-set-pandemic-lows-11621514795?mod=economy-politics3 - https://www.cnbc.com/2021/05/21/states-ending-unemployment-offering-a-return-to-work-bonus-up-to-2000.html4 - https://www.marketwatch.com/story/existing-home-sales-fall-for-third-straight-month-as-inventory-constrain-hamper-the-housing-market-116216069285 - https://www.marketwatch.com/story/construction-on-new-homes-retreats-as-builders-grapple-with-supply-chain-headaches-11621342845?mod=economic-report6 - https://www.marketwatch.com/story/home-builder-confidence-remains-strong-but-buyers-should-expect-rising-prices-11621260739?mod=economic-report7 - http://www.freddiemac.com/pmms/#8 - https://magazine.realtor/daily-news/2021/05/20/rents-post-largest-uptick-since-covid-19-onset9 - https://www.housingwire.com/articles/home-prices-rapidly-climbing-toward-375000/10 - https://www.wealthmanagement.com/sfr/california-home-prices-shoot-past-800000-first-time11 - https://magazine.realtor/daily-news/2021/05/20/prices-surge-in-opportunity-zones12 - https://magazine.realtor/daily-news/2021/05/20/buyers-go-to-crazy-extremes-to-win-a-home
It’s a great time to be selling a home, but what do multiple offers and sales prices far above asking say about larger housing trends? Guests: Jeff Smith is executive director at the Missouri Workforce Housing Association and former professor of public policy at The New School. Daryl Fairweather is the chief economist at Redfin.com.
Flexible work has empowered people to choose where they want to live. This past year there has been a shift away from large urban centres in the U.S. The number of people moving out of big cities in 2020 was far greater than in 2019. We’ll find out where they’re going and what the shift means for housing markets, for flexible workers and for the companies they work for.Explore Fieldwork by Citrix for research and stories to transform the way we work. Daryl Fairweather is Chief Economist with Redfin , a tech-powered real estate brokerage based in Seattle. A Redfin-commissioned survey from November/December 2020 found that "Two-thirds of homebuyers and sellers would consider moving—or already have moved—to a different city or area given the opportunity to work remotely permanently." Read more about the survey hereNicholas Bloom is a professor of economics at Stanford University in California. He has been studying remote work for years.
In this Real Estate News Brief for the week ending April 17th, 2021... home builders are stepping on the gas, rents are headed “up” once again, and the best days to list your home.Economic NewsWe begin with economic news from this past week. Federal Reserve Chairman Jerome Powell offered more clarity on when the central bank plans to start the tapering process. The Fed has been buying $120 billion worth of Treasurys and mortgage-backed securities each month since last summer as an economic shot in the arm. It also cut interest rates to zero. The Fed expects to begin tapering when the economy reaches full employment and a stable rate of inflation at 2% or slightly more. And, Powell says, that would happen well before any interest rate increases. After the 2013/2014 tapering process began, it took another two years for a rate hike. Powell says the Fed will follow a similar strategy. He didn’t give a date as to when this would happen. Some economists are predicting that tapering will begin next year. Others say it could happen sooner.Signs of inflation continue. Consumer prices have been higher for four months in a row, hitting their highest level in two-and-a-half years last month. The government says the index was up .6%, and the yearly rate of inflation is now 2.6%. Some economists say it could top 3% in the coming months which would put more pressure on the Fed to consider an interest rate increase. Because inflation turned negative during the early months of the pandemic, the yearly rate of inflation could also shoot higher when those low months drop out of the 12-month average. The Fed is predicting inflation will average 2.4% in 2020 and drop back down to 2% next year.Initial jobless claims were down almost 200,000 last week to a pandemic low of 576,000. That’s the first time that weekly state claims fell below 600,000 since the pandemic began. Another 131,000 people filed for help from a temporary federal program bringing the combined total to around 700,000. Continuing claims also dropped from 18.2 million to 16.9 million by the end of March.Home builders are busy after a winter slowdown. The Census Bureau says that home starts jumped 19% in March compared to the previous month. Compared with March of last year, during the pandemic, they are up 37%. Permits are also up, but they took a smaller leap higher at 2.7% but the figures were higher for single-family homes than they were for bigger multi-family developments. In the middle of those two categories was a much bigger 25.5% surge in permits for two- to four-plex homes. MarketWatch says that might indicate a push for higher density housing to meet the demand.And there is a new report out by Freddie Mac on the size of the housing shortfall. It says the U.S. housing market needs 3.8 million more single-family homes to keep up with demand. The shortage is more severe for entry level homes. Freddie Mac’s chief economist Sam Khater says: “This is what you get when you underbuild for 10 years.” Home builders have faced their own challenges, however. The housing crisis put many out of business, which has had a lasting impact. And now the pandemic has made it hard to get workers and created a lumber shortage among other issues.Despite the shortage of homes for sale, consumer sentiment is running high. The University of Michigan says its index rose from 84.9 in March to 86.5 in April. That’s the highest it’s been since March of last year.Mortgage RatesMortgage rates took another dip this last week. Freddie Mac says the average 30-year fixed-rate mortgage was down 9 basis points to 3.04%. The 15-year was also down 7 basis points to 2.35%.In other news making headlines...Many Remote Workers Won’t Go Back to the OfficeA new survey shows that a third of the people working remotely would rather quit their job than return to the office. Staffing firm Robert Half asked 1,000 people about what they would do, and one out of three said they’d rather look for a new job than return to the office full-time. But many felt that a fully remote job would damage their work relationships and that working from home was less productive. About half of the participants said they’d be happy with a hybrid arrangement. Study authors suggest that companies adopt new policies when they try to lure employees back. Among the things that employees would like are flexible hours, relaxed dress codes, and more support for childcare. Having an environment that’s safe from COVID is also important.Rents are Rising Once AgainRents are on an upswing once again, after an 8-month downtrend. Realtor.com’s Monthly Rental report shows that rent growth was 1.1% year-over-year in March, in the nation’s largest metro areas. Realtor.com’s chief economist Danielle Hale says it’s still below the 3.2% rent growth we saw before the pandemic, but she expects the pace will pick up from here as the economy recovers.She also says: “Rents are not rising in all markets. The tech markets and several big metros like Chicago and Los Angeles continue to see rent declines.” But those declines are also running at a slower pace. She also says that Americans may be more interested in renting as home prices and mortgage rates rise. Best Days to ListNew research shows that sellers who list their homes on Tuesday, Wednesday, and Thursday will sell faster and for more money. Redfin tracked home sales data from July 2020 to February of this year, and found out that on average, homes that were listed mid-week sold for $1,700 more. But depending on the home, some sellers are getting thousands of dollars more.Redfin’s chief economist, Daryl Fairweather, says: “The market is so competitive, most homes will receive plenty of attention regardless of when they are listed.” But he says listing in the middle of the week provides more time for buyers to check out the home, and getting as many serious buyers interested will help drive up the sales price. You can read more about all these stories by following links on the podcast player page for this episode at www.NewsForInvestors.comLinks:1 - https://www.marketwatch.com/story/powell-suggests-fed-will-follow-the-2013-2014-playbook-when-it-starts-to-taper-asset-purchases-11618422986?mod=mw_latestnews2 - https://www.marketwatch.com/story/consumer-prices-surge-again-as-u-s-inflation-marches-higher-11618317779?mod=economic-report3 - https://www.marketwatch.com/story/u-s-jobless-claims-nosedive-193-000-to-pandemic-low-of-576-000-11618491022?mod=economic-report4 - https://www.marketwatch.com/story/new-home-construction-rebounds-sharply-as-america-faces-dire-housing-shortage-11618577442?mod=economy-politics5 - https://www.foxbusiness.com/real-estate/us-housing-market-is-nearly-4-million-homes-short-of-buyer-demand6 - https://www.marketwatch.com/story/americans-are-feeling-the-best-theyve-felt-since-the-pandemic-began-consumer-survey-shows-116185827697 - http://www.freddiemac.com/pmms/8 - https://www.bisnow.com/national/news/top-talent/third-of-remote-workers-would-quit-before-returning-to-office-1084889 - https://magazine.realtor/daily-news/2021/04/13/rents-rising-for-the-first-time-in-eight-months10 - https://magazine.realtor/daily-news/2021/04/15/best-time-to-list-midweek
Buyers in the market to purchase real estate may hope that real estate prices will be cheaper and easier after the COVID19 pandemic has subsided, but many consumers should not expect to see lower prices, according to a forecast by a prominent online real estate firm.Officials at Redfin said, however, that the rise in prices won't be as fast as in previous years.“A couple of factors will cause home value growth to slow down," said Daryl Fairweather, the company's chief economist. "I expect mortgage rates to be higher, which will make buying a home more expensive.”According to Redfin, the median price of a home in King County is currently about $687,000. Although that amount is not on the affordable end of the scale, the real estate company said it should be somewhat easier for buyers to find property.Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.Support the show (https://buymeacoff.ee/seattlepodcast)
Laura discusses some progress on her house renovation front (did you know what "muntins" are?) and Sarah reveals her much (MUCH) lower scale recent home improvement. Then, Redfin's Chief Economist Daryl Fairweather joins Sarah to discuss current trends related to home buying and moving, as well as her own setup for making work and life fit together in a major leadership position with two very young children. In the Q&A, they share thoughts on a common listener dilemma - what to do when you have employed childcare and still need SOME childcare, but not full time? Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.
In the inaugural episode of Agent Remarks by Redfin, Caitlin and Paul chat with Redfin's chief economist, Daryl Fairweather, about Redfin's predictions for the real estate market in 2021. For more information on Redfin's predictions please visit: https://www.redfin.com/news/housing-market-predictions-2021/. For more hot takes on the real estate market from Daryl, follow her on Twitter: @FairweatherPhD Let us know what you think, or who we should talk to next by emailing agentremarks@redfin.com or message Caitlin or Paul on Twitter: Caitlin: @caitlinkmccrory Paul: @paulcreid Interested in working at Redfin? Please visit Redfin.com/jobs for more information. Thanks for listening!
Today's HousingWire Daily focuses on some of the housing topics that shaped 2020. In this episode, we take a look back at last year's biggest housing concerns and hear industry experts' commentary on what's to come in 2021.HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles related to this episode:· Black Knight's Walden on mortgage delinquencies in 2021· Redfin's Daryl Fairweather on whether or not there will be a foreclosure crisis· TIAA Bank's John Pataky on homebuyer demand· MBA's Mike Fratantoni on next year's purchase market
Today's HousingWire Daily features an exclusive rerun interview with Redfin's Daryl Fairweather. In this episode, Fairweather explains why she believes the U.S. housing market is likely to withstand a wave of foreclosures once mortgage forbearance comes to an end.
Today's HousingWire Daily features an exclusive interview with Mark Palim, the deputy chief economist at Fannie Mae. In this episode, Palim explains why he believes the U.S. economy is poised for a considerably stronger 2021.
Today's HousingWire Daily features an exclusive interview with Redfin's Daryl Fairweather. In this episode, Daryl discusses why she believes the U.S. housing market is likely to withstand a wave of foreclosures once mortgage forbearance comes to an end.Here is a small preview of today's interview with Fairweather. The transcript below has been lightly edited for length and clarity:HousingWire: Alright, now I want to focus on Redfin's latest report, which focuses on the nation's forbearance and foreclosure activity. In the article, Redfin highlights that more than 3.3. million U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends, and while some of them will contribute to a wave of foreclosures, most will be able to work with their lenders to either refinance their mortgage or sell to cash in on rising home values. Can you explain this more in detail for our listeners? Daryl Fairweather: During the pandemic, we've had mortgage forbearance, which has been a really great option for people who are worried about a job loss or declining income. For many, not having a mortgage payment has been one less thing to worry about. While there's uncertainty about where the economy is headed not all of those who have chosen to defer their loans are going to end up in foreclosure. The good news for them is that home values have gone up quite a bit during the pandemic. In fact, they've risen over 6%, and most people have a lot of equity in their homes. These people have options. They can refinance their mortgages, which means they'll be able to refinance to lower interest rates, potentially even reducing their payments below what they were initially paying prior to the pandemic. HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles related to this episode:· Mortgage delinquencies expected to remain above pre-pandemic levels until 2022· Here's why we won't see a housing crisis after COVID-19· Pandemic may lead to foreclosure crisis, CoreLogic says· Despite moratoria, foreclosures increase 20% in October
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