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Rising Rates Crushing Homebuyer Hopes | Knowledge Brokers Podcast 023
Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today's market, the next Fed meeting, and a Steve Harney Tweet on foreclosures,
BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription!
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–01:08 Intro
01:08 Outlook for the rest of 2023
10:15 Momentum is easy to keep; it’s harder to generate
12:55 Tracking sales by month (+ monthly share of annual sales) and comparing to 2017-18
18:22 64% of Americans waiting for rates to drop
21:33 The spread between the 10 year Treasury and the 30-year fixed
23:33 Only 25% of available homes are affordable to buyers with median incomes
27:57 Responding to a commenter (last week) saying rates will go up
30:33 Steve Harney Tweet re: a recent headline on foreclosures
35:28 Rents down overall—but not everywhere
Show Resources:
https://www.housingwire.com/articles/median-income-earners-can-only-afford-25-of-current-listings/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=3&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.housingwire.com/articles/survey-high-mortgage-rates-are-keeping-many-americans-from-buying-a-home/
https://twitter.com/SteveHarney/status/1666887140834177025?s=20
https://www.inman.com/2023/06/07/doj-nar-commission-and-pocket-listing-investigation-should-resume/
—-------
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: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
—----
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/
#realestatemarket #realestatepodcast #realestateagent
View all episodes
By BAM Media
4.7
4040 ratings
Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today's market, the next Fed meeting, and a Steve Harney Tweet on foreclosures,
BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription!
Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Join the 5AM Call: https://5amcall.com/
Timestamps:
00:00–01:08 Intro
01:08 Outlook for the rest of 2023
10:15 Momentum is easy to keep; it’s harder to generate
12:55 Tracking sales by month (+ monthly share of annual sales) and comparing to 2017-18
18:22 64% of Americans waiting for rates to drop
21:33 The spread between the 10 year Treasury and the 30-year fixed
23:33 Only 25% of available homes are affordable to buyers with median incomes
27:57 Responding to a commenter (last week) saying rates will go up
30:33 Steve Harney Tweet re: a recent headline on foreclosures
35:28 Rents down overall—but not everywhere
Show Resources:
https://www.housingwire.com/articles/median-income-earners-can-only-afford-25-of-current-listings/?cx_testId=6&cx_testVariant=cx_1&cx_artPos=3&cx_experienceId=EXAPB9I50LOS#cxrecs_s
https://www.housingwire.com/articles/survey-high-mortgage-rates-are-keeping-many-americans-from-buying-a-home/
https://twitter.com/SteveHarney/status/1666887140834177025?s=20
https://www.inman.com/2023/06/07/doj-nar-commission-and-pocket-listing-investigation-should-resume/
—-------
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: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
—----
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/
#realestatemarket #realestatepodcast #realestateagent
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