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