Byron Lazine and Tom Toole discuss the record low for housing affordability for Q4 2022, Altos research 2023 predictions, mortgage rate volatility, and shifts in inventory levels over the past one to four years.

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Join the 5AM Call: https://5amcall.com/

Timestamps:

00:00–00:43 Intro 

00:43 Inventory levels and shifts over the past 12 months/four years 

07:14 This is a five-year (at least) problem 08:02 Housing affordability at a record low at the end of 2022 

21:13 Real estate investors 

28:28 Biden’s SOTU speech and Byron’s breakdown 

27:52 Young adults on the move 

35:15 The number one reason people don’t want to list their homes 

39:36 Why agents should be having conversations with local decision makers

Show Resources:

https://www.housingwire.com/articles/housing-market-tracker-inventory-and-purchase-applications-data-fall-together/

https://www.housingwire.com/articles/housing-affordability-ends-2022-at-record-low/

https://www.housingwire.com/articles/altos-research-housing-market-predictions-for-2023/?cx_testId=9&cx_testVariant=cx_1&cx_artPos=5&cx_experienceId=EXAPB9I50LOS#cxrecs_s

https://www.housingwire.com/articles/mortgage-rates-rise-for-the-first-time-in-2023-is-volatility-back/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=6&cx_experienceId=EXZNOASUT0V6#cxrecs_s

https://fortune.com/2023/02/09/housing-markets-400-largest-inventory-2023-home-prices-real-estate-maps-charts/

—-------

BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.

Subscribe to BAM Newsletter: http://eepurl.com/hZU-Vn

Check out BAM: https://nowbam.com/

—----

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/

#housingmarket2023 #realestatepodcast #housinginventory