January 12, 2024

Bold Prediction on the Housing Market from Realtor.com Chief Economist | Knowledge Brokers 052

47 minutes

Danielle Hale, Chief economist for Realtor.com, joins Tom Toole and Lisa Chinatti to discuss housing market predictions, wildcard factors in the U.S. election, what the Fed could do as well as what they're likely to do this year, identifying the best markets, consumer sentiment, and the impact of commission lawsuits.

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Resources:

https://twitter.com/SteveHarney/status/1743344414737490081?s=20

https://www.realtor.com/research/2024-national-housing-forecast/

https://www.realtor.com/research/top-housing-markets-2024/

https://www.realtor.com/research/first-time-homebuyer-markets-2024/

Timestamps:

00:00–02:50 Intro

01:12 Predictions: Home sales, inventory, & the 30-Year fixed

04:49 What do you think is going to lead in this market?

05:48 How important is it for agents to understand current trends?

07:42 Do you see a situation where homeownership stays steady?

14:33 Election: What do you see happening this year with wildcard factors?

18:00 What solutions can the FED make?

19:53 What are your predictions about the luxury market?

21:48 How do you identify different markets? First time homebuyer market?

26:37 What’s the best housing market? How do you determine?

28:05 As you see it, what are the things most likely to impact consumer confidence in 2024?

32:16 What do you think the Fed is going to do with rate cuts, etc. over the next 12 months?

34:41 Any prediction on change in consumer sentiment toward the market?

38:45 Steve Harney Tweet

39:12 What advice do you have for real estate agents right now?

42:22 What do you think about the commission lawsuits?

44:03 Danielle asks Tom and Lisa for their thoughts on the impact of commission lawsuits.

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Connect with Byron Lazine:

https://www.instagram.com/byronlazine

Connect with Tom Toole:

https://www.instagram.com/tomtoole3rd/

Connect with Lisa Chinatti:

https://www.instagram.com/lisachinatti/

Connect with Danielle Hale:

Danielle Hale’s website: http://realtor.com/research

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#2024predictions #federalreserve #housingmarketexpert

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