February 16, 2024

HousingWire Lead Analyst's Shocking Prediction for 2024 Housing | Knowledge Brokers 057

1 hour 8 minutes

HousingWire Lead Analyst Logan Mohtashami joins Byron Lazine and Lisa Chinatti to discuss the 10-year Treasury Yield (above the Gandalf line), whether we should expect a 5% mortgage rate in 2024, how to respond to questions about mortgage rates, what Logan would have asked Jerome Powell at the latest press release, owner’s equivalent rent, Logan’s take on the “silver tsunami,” the Ketchmark vs Lamacchia debate, and recession signals to watch for.

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Resources:

https://www.housingwire.com/articles/why-fewer-homes-are-taking-a-price-cut-even-while-inventory-rises/

Timestamps:

00:00–01:06 Intro

01:06 The 10-yr has passed the Gandalf line

02:11 Should agents expect the 30-yr fixed to hit 5% in 2024?

04:55 How do we get to 5% mortgage rates?

07:56 How to respond to consumers who ask about mortgage rates?

12:30 “Housing is the cost of shelter to your own capacity to own the debt.”

16:51 Housing price index & renting vs buying

20:34 Owner’s equivalent rent

23:53 Jerome Powell’s latest press conference: What Logan M would ask

31:22 What Logan would ask Congress?

40:32 The “silver tsunami” is trash….

43:03 Could anything create a surplus of homes in 10-15 years…?

50:50 Logan’s take on the Ketchmark vs Lamacchia debate

54:48 Advice for agents on talking to people about housing inventory

01:00:45 Recession signals to watch for

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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 Logan Mohtashami: https://www.instagram.com/logan_mohtashami/

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