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, ownerâs equivalent rent, Loganâs take on the âsilver tsunami,â 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:
00:00â01:06 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 âHousing is the cost of shelter to your own capacity to own the debt.â
16:51 Housing price index & renting vs buying
20:34 Ownerâs equivalent rent
23:53 Jerome Powellâs latest press conference: What Logan M would ask
31:22 What Logan would ask Congress?
40:32 The âsilver tsunamiâ is trashâŠ.
43:03 Could anything create a surplus of homes in 10-15 years�
50:50 Loganâs 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
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Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/
Connect with Logan Mohtashami: https://www.instagram.com/logan_mohtashami/
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