Episode #999
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Mortgage rates are set to fall this year and well into 2025, all while housing inventory steadily increases. We’re in the best housing inventory position since before the pandemic, so the question is: what happens next? Rising inventory could result in more homes on the market and, in theory, less competition, so lower prices. But, with rates coming down, home prices might go back up with more borrowers entering the market. We’ve got a lot of questions, but thankfully, Senior Economist at Realtor.com Ralph McLaughlin has the answers.
Ralph doesn’t just study the housing market; he actively participates in it as an investor. He’s on this BiggerNews episode to discuss the state of mortgage rates, when we should expect them to start falling, home price updates, housing inventory, and opportunities for investors that most homebuyers will miss.
We’ll discuss the real estate markets with the most and least housing inventory, why price cuts are rising, but home prices aren’t falling, the best markets for investors to take advantage of during the rate-to-price “delay,” and which homes are selling the fastest. If you want to get ahead of the curve and take advantage of hot markets with opportunities that (probably) won’t last, now is the time!
00:00 Intro
01:19 Lower Mortgage Rates On the Way
06:21 Inventory Hits Recent High
13:28 Markets with Most/Least Inventory
15:53 Price Cuts Rise, But…
17:33 Best Markets for Investors
20:52 Which Homes Are Selling?
23:04 Little Houses, Big Demand?
26:25 What Investors MUST Know
