2nd Half Forecast | Where Is The Housing Market & Interest Rates Headed?
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- Опубліковано 26 сер 2024
- Where is the housing market headed into 2024 for the second half of the year? Is this the year of lower rates and more inventory or a housing market crash? In this episode, Jeb Smith and Josh Lewis discuss their forecast for the remainder of the housing market in 2024. They analyze factors such as wage growth, interest rates, inflation, and inventory levels to determine the direction of home sales and prices.
WATCH THIS NEXT ⏩The Housing Market Is In RARE Form - • The Housing Market Is ...
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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Real Broker
➡I N S T A G R A M ➳ / jebsmith
➡Y O U T U B E ➳ / jebsmith
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Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942
➡I N S T A G R A M ➳ / borrowsmart. .
➡Y O U T U B E ➳ / buywiseborr. .
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WATCH THIS NEXT ⏩The Housing Market Is In RARE Form - ua-cam.com/video/IcV4dXMgT-g/v-deo.html
✅ - Connect Directly With Our Mortgage & Real Estate Team - www.theeducatedhomebuyer.com/expert
Finally, someone who knows their shit. Way to go Josh !! If housing prices drop back to the normal historical trend line (2019), housing would be affordable again even with 7%or 8% interest.
Thanks for watching and the kind words! Here's hoping for greater affordability ahead.
Stopped by a little late smashed the thumbs up good stuff guys
Appreciate it, as always!
Great content. You have been a such an asset to the educated homebuyer
We appreciate the support.
Firs time viewing. I know you're primarily real estate focused. But any opinion on if we did have a worse recession than expected, or black swan event. If the stock market would drop substantially more than real estate? Bc with stocks people don't have those locked in low interest rates, and there isn't a "lack of inventory"? Idk, just something i've wondered as I've toyed with selling my house despite having the 3.5% rate. life has to go on and a house can't dictate your moves. thanks!
Stocks have always been more volatile than housing and more susceptible to corrections and crashes primarily due to the majority of homes being owner occupied. You need a place to live and selling your house requires finding a new home. Selling your NVIDIA stock does not require you buying another stock. You might choose to but you don't have to own stocks. Any downturn in the US economy will likely be similar.
@@TheEducatedHomebuyer Makes sense, thanks! Yeah, just thinking If i do decide to sell I'd be cash heavy. And if they start to cut rates, that'll mess with T bill and chill / Cd rates. So I'd def be looking for opportunities in stocks if there was a big correction. Tough decisions out there for everyone!
Not moving when they should move is arguably political too
True. It's a catch-22.
Here is how this is going to go. Moving forward housing will be 40-60% over inflated from their true value. We cant go to the real number because that would send us deep into a recession that could take 20+ years to recover from. The fed won't drop rates to account for the homes because guess what, that will send us into ultra hyperninflation, and kill us instantly. What we will see is a few different things. One, the economy will stabilize and that could take, by conservative measurements anywhere from 5-10 years. Two, people will outright leave the market and not return and then we basically will become a teant nation, or three, which is the worst, we see an introduction of the 60-80 year mortgage. Which basically is us saying, you will never truly own anything, and that then transfers to your children. Sad times no matter what the option is.
;)
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