Real Estate Market Minute: Recent Episodes
Mark Salib
Mark Salib is a Real Estate Professional, Advisor, and investor. Co-founder of The Salib Group with his wife Ana, they are licensed Florida Realtors who use their expertise to help people find their dream homes, start their businesses, and to make wise investment choices to grow their wealth. The Real Estate Market Minute podcast provides you with their industry knowledge and expertise giving you the confidence to buy and sell. Gain an edge on the real estate industry and the process of buying and selling with their in-depth analysis, opinions, tips, and the latest industry news and updates.
Several U.S. metros have seen significant declines from the spring with respect to how much it costs per month in housing payments. I go over which ones and what it will most likely mean for these local real estate markets going forward.
The Federal Reserve announced a 50 basis point rate cut decision on Wednesday, September 18th. How significant is this to mortgage rates and the housing market overall? I dive into the decision, what it means for rates and the real estate market going forward.
Rent prices are falling significantly year over year in some major U.S. cities. I go over which cities are getting hit the hardest and the 2 primary reasons why this is happening. Will it continue?
With all the headlines it’s hard to understand what is really happening in the U.S. housing market. But what if we are just in a normal, balanced real estate market that sees no advantage to buyer or seller? I dive into this question, discuss what a balanced market means, and what I see going forward based on the latest data from the National Association of Realtors (NAR).
Retirement aged adults and even younger adults are sharing housing arrangements more than ever before due to rising mortgage, taxes, and insurance costs. What could this new trend known as “Boommates” mean for the housing market going forward and much more on today’s show.
According to Redfin the median monthly mortgage payment decreased year over year for the first time since 2020. This should have major implications on the housing market. I will discuss this and where mortgage rates are headed next.
Buyer demand continues to wane even though rates are lower and new listings and new construction homes are increasing. What is the problem and when will buyers start to come back?
Experts weigh in on their latest forecasts for home values, the direction of mortgage rates, as well as the number of homes sold for the 2nd half of 2024. I run through their opinions as well as weigh in on what I think about all of it.
The number of renter households is growing much faster than ever before as compared to homeowner households according to U.S. Census Bureau data. Should we expect this trend to continue? Also what should it mean for you as a real estate investor?
Stock and bond markets are spinning out of control in the last week and it’s bringing interest rates and mortgage rates down rapidly. Just what will this mean for housing demand and the overall real estate market between now and the end of the year? There is much more to this market action than you think.
According to Redfin nearly 1 in 5 home sellers dropped their asking price in the month of June with is the highest rate ever for the month of June. I go over some of the metros that are showing the most home value drops as well as explain what I think is going on and what’s next for the shifting U.S. housing market.
Recent data suggests we have swung from a seller’s market into a buyer’s market. While it may seem a bit shocking this has been trending in this direction for quite some time. I share why I think the current housing market favors buyers and what it means going forward for the real estate market and interest rates.
According to Redfin year over year new home listings has increased nationally by 6.4%. There are some markets that are showing a very significant increase as much as 30% in new pending home sales! I cover which cities are showing the highest level of new home sales and break down what I think is happening in these cities.
There are some leading market indicators that all savvy real estate investors should be aware of and closely track these days. They will tell you where interest rates, and therefore mortgage rates are most likely headed in the future. I go over them and tell you why they matter. I also cover a few housing markets that I think may benefit and investors should have their eyes on for future growth.
The jobs report on Friday shows that the Federal Reserve must ensure they respect their dual mandate. Because of this I expect interest rates to fall in the coming months quite significantly. I go over this part of the report and explain what it means for the struggling housing market in the coming months and into next year.
Homebuilders are striking back. Why do I say that? The pace of new home construction slowed considerably for the 3rd month in a row. I explain why I think that is and what has to happen for new home construction, and sales, to come back.
Zumper came out with their latest study of the best and worst rental markets over the past year. I go over the list, plus figure out how things have changed so much over the past year and what it could mean going forward.
I go through a series of data points provided by Redfin that tells me the housing market has slowed down enough and it is time for the Federal Reserve to cut interest rates before it’s too late.
According to Redfin we finally arrived to the point where at least temporarily housing supply is outweighing buyer demand in parts of Florida and other parts of the U.S. due to lots of new home construction over the past year. I go over what’s going on with this latest trend, the cities in the U.S. and Florida most effected, and how long this may last.
According the Mortgage Bankers Association (MBA) mortgage demand surged 16% over the past week. Could such a small drop in the 30 year-fixed rate really cause this much demand? If so, what could this mean for the real estate market going forward? I get into this and briefly discuss the latest FED decision to keep rates unchanged at today’s FOMC meeting.
The unemployment rate rose to 4.0% that is the highest reading since January of 2022. What could this data mean for the FED’s next move and interest rates? I go into the effect of this report and what it could mean for the housing market going forward.
Renters are opting to renew leases and stay in their homes much longer than ever before. In fact, according to research from Redfin, 1 in 6 renters are now living in their homes for 10 years or more! Why are folks not moving as often as they used to, and how could this impact today’s real estate market and the housing market that could develop into the future?
Homebuilders are building smaller homes. Buyers are now opting for smaller homes and so homebuilders have been providing just that. However, what’s the real reason for the recent trend in new home size? I get into that and what it really means for the housing market and what buyers want.
According to @apartmentlist which you can follow on X, U.S. rents are down month over month and year over year. The negative to stabilized rental prices indicates we have finally bottomed in the rental market. If so, what does this mean for interest rates and the future of the housing market?
According to The Federal Housing Finance Agency (FHFA), U.S. Home prices rose 6.6% between Q1 2023 and Q1 2024. I dive into the states and metros with both the largest increases and biggest declines. Plus, I tell you what I think is coming next for home values based on the current housing market environment we continue to see ourselves in.
The amount a Property Manager or Landlord asks for rent has decreased year over year from April 2023 to April 2024. Metros in the Sunbelt have seen some of the biggest declines although a city not in the Sunbelt tops the overall list. I go over the top 10 metros and why the impact to the investment part of the housing market may continue to slow down until a few things change.
Buyer demand for a 2nd home either for an investment or a vacation home fell to a 6 year low in 2023. I go over the reasons for this and what it might mean for the current housing market and future trends for both the real estate market and interest rates.
The latest CPI inflation reading shows inflation continuing to cool off. However, there is one aspect of the report that continues to lag and it’s directly related to the real estate market. I dig into the latest CPI reading and cover what it most likely means for interest rates going forward and the housing market overall.
The Home Depot quarterly earnings report and call tell us quite a bit about the consumer as it pertains to the housing economy. It also gives us a glimpse into the future of the housing market as I go over what was said and extrapolate this out to what we will see in the coming months and years regarding the real estate market.
Inflation data from last week is telling us that rates should come down in the near future. Just when will they come down, and how big an impact could it have on the real estate market when they do?
The economy is starting to show some cracks and that might just be what is needed for the FED to act and cut interest rates. I go over that and another scenario that the homebuilders face making my case for why I think interest rate cuts and a lower 30 year-fixed mortgage rate could be headed our way by the summer.
The NAHB has outlined a plan to the government to boost housing supply. The 10-point plan is aimed to ease shelter inflation and remove barriers that hinder the construction of new homes. This higher for longer interest rate environment continues to cut into housing supply. I explain the NAHB’s plan and what you can read between the lines as it pertains to the future of the housing market.
This morning the government released the April Jobs Non Farm Payroll report and it was well below expectations. Unemployment rate also ticked up to 3.9%. Was does this all mean for interest rates and ultimately the 30 year-fixed mortgage rate going forward, and how significant could this new development be to the housing market?
Yesterday the Federal Reserve decided to leave rates unchanged. But that was not all they said. In fact, I think one of the most important and overlooked things from their statement will have a direct impact on interest rates this month and, therefore, directly impact both the bond market and the 30 year-fixed mortgage rate going forward.
Pending home sales which represent homes that go under contract rose 3.4% in March. While the rise is encouraging we are still at multi-year lows overall. What will it take to increase the volume of home sales and what will be the end result to the housing market if all of these things that I think is inevitable come together?
I take a deep dive into what happened to the Austin, Texas real estate market. Home values skyrocketed for years and have since in recent months cooled and in fact dropped significantly. What caused the boom in home values? Why have values fallen? What is happening now and has it finally normalized? What can we take from this case study and how can we extrapolate it out to some of the other hottest metros that experienced same such as Miami, Tampa, Phoenix, and Dallas?
Experts weigh in on the latest housing market forecasts. I go through it all and determine what it means going forward and why it makes quite a bit of sense going forward for the housing market’s next move.
Experts from Goldman Sachs to Fannie Mae and others have updated their 2024 U.S. housing market forecasts. We go through them and determine just why we believe housing prices are headed in the direction these experts think they are.
According to recent data from Fannie Mae, almost 25% of people believe home values are going down. Why are so many people negative and bearish about the real estate market? I dive deep into why I think people think like this and is there any merit to their beliefs? The data never lies.
Rent prices nationwide are finally finding their footing. The stabilized rental market showed a small increase year over year much more in line with the norm. But is it really still affordable? Today’s show looks at a major study of 100 metropolitan locations in the U.S. to determine where rents are and just what might happen from here on out.
March existing home sales drop although the median price of a home actually rose nationally. I go over the numbers and explain why I think existing homes are selling at a slower pace than a month ago and even a year ago.
The Federal Reserver Chairman Jerome Powell confirmed what I’ve been speculating over the last few weeks; that interest rates will mostly likely remain higher for a long time. I go over what I think this higher rate environment will mean for the future of the housing market and what impact it may have to inventory and new construction as well.
There are only 14 U.S. states where you can buy a home if you earn less than $75,000 in income per year. I reveal the list and explain why this statistic is so significant in a few different ways.
JP Morgan makes the case that higher interest rates are actually driving inflation even higher. I explain why they think this is the case and could it cause the Federal Reserve to pivot and lower interest rates sooner rather than later? Learn more at https://remarketminute.com
After the hot CPI print this morning, and more and more evidence the economy is strengthening, I am taking on a new stance when it comes to how many interest rate cuts we should expect from the Federal Reserve in 2024. Learn more at https://remarketminute.com
Hiring for residential construction jobs is reaccelerating at a rapid rate. We are seeing the highest number of jobs in this sector that we have not seen in a long time. Why is this happening and what does it say about what the homebuilders think about the future of the real estate market? I go into the numbers and tell you what it means for the housing market.
On March 15th, the National Association of Realtors (NAR) agreed to settle the Sitzer/Burnett case. The changes to the real estate industry are set to take effect in July 2024. I discuss what it means not just for the real estate industry but what it could also mean for the real estate market going forward.
According to realtor.com April is the best time to sell your home as buyer demand increases significantly during this time of year. I go over why they think that is and also I give you my opinion on if you should sell your home now or wait.
The Baby Boomer generation, which was once thought to bring a large supply of housing inventory to the market as they downsize and/or relocate closer to children and grandchildren, has decided not to comply. Instead, they are not selling their homes and deciding to age in place instead. A new Redfin study finds this trend is here and in my opinion could be here for a long time. I discuss this and the significant implication it could have on the future of the U.S. housing market.
Some recent data shows just how many homeowners have a 30 year-fixed mortgage rate under 5%. The data is compelling and indicates several trends we should see in 2024 regarding the U.S. housing market.
Demand for financing a home with a mortgage and refinancing existing mortgages both slowed over the past week according to The Mortgage Bankers Association’s (MBA’s) weekly reading. Does it mean the real estate market is in for a slow down? I think quite the opposite is coming and I explain why in today’s show.
The Census Bureau came out with their latest data on population and migration trends. On this show I reveal the top counties folks are moving into and the top counties folks are moving out of within the United States. These trends can indicate where housing demand will remain strong going forward.
The Federal Reserve released their latest statement and Federal Reserve Chairman Jerome Powell spoke to the media afterwards. Today I discuss their latest decision, what it is significant, and what other clues we can ascertain from the media session as it relates to mortgage interest rates, the housing market, and the future of rates as well.
The National Association of Homebuilders (NAHB) index rose to positive territory for the first time in nearly a year, signaling that Homebuilders are more confident than they have been since last July. I go over how this is a significant tell for the future of the housing market.
All-Cash buyers are now at the highest level in a decade. Why are there so many more cash buyers than ever before? I go over this, which metros in the U.S. saw the highest cash buyers, and what it means for these areas and their respective real estate markets going forward.
More data has come in suggesting where mortgage rates may trend in the coming months and 2024. I go over what one analyst thinks and why I think his prediction of the 30 year-fixed mortgage rate may be accurate, and what it should mean for the housing market and your investment thesis going forward.
Rental Housing Economist Jay Parsons @jayparsons put out a tweet recently that explains why we should not just be looking at asking rents but in-place rents as well. What is the data telling us about the rental market? I go over the national rental market, discuss the hottest and coldest rental markets in the U.S. and explain why this is very important factor in determining the future of interest rates.
Lennar Corp and Invitation Homes CEO’s discussed the U.S. housing shortage and what they are looking to do for the future of home building and how technology will play a major role going forward.
According the National Association of Homebuilders latest “What Home Buyers Really Want” study, buyers are looking for better and more specific features to a home instead of a larger home. I discuss what this survey reveals and what it means for you as an investor, homebuilder, and developer navigating today’s housing market.
According to the HUD and U.S. Census Bureau, new single-family home sales rose 1.5% month-to-month. The pace of new construction home sales is rising year over year as well. Why are we seeing this increase and what does this say about the confidence of the housing market in 2024?
For the 4th week in a row the 30-year average mortgage rate rises. What is causing this rise and will it last? I dig into this and also explain when I think rates may actually start to be cut by the Federal Reserve going forward.
In an interview with CNBC, CEO Sheryl Palmer of the homebuilder Taylor Morrison says the psychology of the consumer today is much different than a year ago with respect to interest rates and the 30-year fixed mortgage rate. I dive into her thoughts and why they are so important in understanding just what type of housing market to expect in 2024.
In a recent interview with the Associated Press, The CEO of KB Homes, which builds homes in California, Texas, and Florida, Jeffrey Mezger, answers questions on his outlook for the 2024 housing market and weighs in on interest rates as well.
The National Association for Business Economics predicts the U.S. gross domestic product (GDP) will rise 2.2% in 2024, a much more bullish forecast compared to what they thought 2 months ago. Why is the economy strengthening and what does it mean going forward for the housing market and interest rates including the 30 year-fixed mortgage rate?
The edge goes to the homebuilders in 2024 yet again as many publicly traded companies from Lennar, Toll Brothers, to KB Homes and others continue to outshine the benchmark S&P 500 Index almost performing twice as well. Wall Street analysts think this will continue into 2024 as Homebuilders create much needed supply in an environment where housing demand is increasing. I get into what’s going on and what it means going forward for real estate and housing market overall.
The latest trend in January indicates that home demand is continuing to surge as the median days on the market for a home fell year over year and is starting to creep up to numbers we have not seen since 2021. Could this be the 2021 housing market all over again in 2024? I answer that and more on today’s show.
Experts have revised their 2024 home price forecasts higher based on the latest February data and market trends. All think home values will increase by more than originally forecasted. I go into who thinks what, why they think so, and tell why I think one of these forecasts is very telling of the future.
Housing starts declined in January. Housing starts represent the early stage of construction and it is showing a decline in production. I look into the numbers and compare single family starts to multifamily starts and explain why this trend is happening and what it means for the housing market going forward.
As more existing inventory hits the market and mortgage rates stabilize, 2024 is showing us that the housing market is showing signs of health and normalcy. I dive into a case study of the Northeast of Florida and touch on South Florida as examples of what it looks like when the real estate market shows signs of stabilization, and how this is most likely what we are going to see in 2024 in more and more locations throughout the U.S.
Zillow conducted a recent survey of the where generation Z wants to live and not live. This latest trend in the real estate market is quite significant. I break down these locations, discuss why investing in these states provide a great place to buy and hold to rent for cash flow and passive income.
For the 3rd straight month homebuilder confidence rose. I discuss why builders and showing confidence in the housing market, and also where in the U.S. their confidence is.
A new report from Redfin shows that Americans are staying in their homes twice as long as they used to during the early 2000’s. I dig into why Redfin thinks this is the case, what it means for the housing market today and into the future.
There is a growing trend of in-state migrations, folks moving from one city to another within the same state. I delve into a Florida example and explain what is driving this trend, how it pertains to the U.S. as a whole and what it may mean for the housing market going forward.
Inflation cooled to 3.1% in January according to the January Consumer Price Index Report (CPI Report) thus cooling less than expected. The reaction to the 10 year treasury is pronounced. I go over the data, what it means for mortgage interest rates and the overall housing market going forward.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) has its highest level since March of 2022. I go over where in the survey sentiment is the highest and lowest and how you the consumer of real estate should be thinking going forward.
Putting it all together and then some, a recent Wall Street Journal article does a great job of explaining why buyers want to buy real estate again. There are several factors contributing to this which I have covered in the past, but this is my attempt to put it all together to understand why today’s housing market is in a healthy state and will only get better from here.
I asked artificial intelligence, specifically Meta A.I. to give me the top cities in the U.S. to invest in real estate right now. I reveal the list of real estate investment gems and why I agree and disagree with the answer.
According to Clever’s survey of millennial homebuyers, it is clear they are very intent on buying a home. I go over the survey results, what it means for their potential to own a home, and what it indicated going forward for the housing market and anyone involved in the housing sector.
Rent prices in many metros are starting to decline month over month according to a study done by Florida Atlantic University. I go over where rents are declining the most, how long it will last, and what it means for your investment portfolio.
The long term effect of buying real estate is without question one of the best ways to build wealth. I look at one of the most interesting charts provided by HUD and the St. Louis Federal Reserve Board that shows what buying real estate could mean over the long term and why now may be the time to get in.
CoreLogic Case-Shiller says the housing market saw home values rise in November and also posted their biggest annual gain in over a year. While it appears the housing market is well on its way to a recovery, does it make any sense that it is? I go into details on the study, review various cities numbers, and explain if this is what should even be happening considering today’s circumstances.
The Federal Reserve kept rates unchanged yesterday. There are some takeaways from the Fed rate decision and the Q&A with Chairman Jerome Powell. I discuss this, the impact the interest rates and the 30 year-fixed mortgage rate and the housing market.
The number of U.S. homeowners in forbearance plans, where lenders give a break in payments, has dropped significantly through the month of December according to the Mortgage Bankers Association (MBA). I explain what this trend means with respect to the housing market and potentially the U.S. economy overall.
According to NerdWallet’s 2024 Homebuyer report, it appears many home renters have thrown in the towel and may never want to buy a home. The decision to rent or buy is complex. I give the main points of the survey, discuss what I think of them, and provide an alternative for those homebuyers and investors struggling to buy the property they really want or need.
In a growing sign the economy is getting stronger it appears as though retail is coming back strong. An article from the Wall Street Journal illustrates this point. I discuss the details of this, how it can impact the U.S. economy and ultimately find its way into the residential housing market as well.
The National Association of Realtors (NAR) came out with their latest housing market forecast and economic outlook for 2024 and 2025. I break down what they think and let you know if I agree with where they stand.
New mortgage applications rose last week according to the Mortgage Bankers Association (MBA). However, interest rates rose slightly during the same week. What does this mean for buyer demand and what could it signal for the housing market this year?
Economists at Fannie Mae put out a note on where they see the 30-year fixed mortgage rate going. I discuss this and what it may mean for the housing market going forward.
What could the housing market look like in Florida for 2024? In today’s show I look to the Florida Realtors Chief Economist and Dr. Sean Snaith. Dr. Snaith is a nationally recognized economist in the field of business and economic forecasting. He has won multiple awards for the accuracy of his forecasts and research.
Existing home sales have been rising in recent months this according to data from HousingWire. I review their findings and break down what it means for the housing market supply and the overall real estate market going forward.
Goldman Sachs believes shelter inflation, which is the inflation rate tied to the cost of renting a home in the U.S., will return to the pre-covid levels in 2024. In this show I will cover their report, discuss what they think about rental vacancies, how it will impact home purchases, rental demand, and more.
The latest National Association of Homebuilders sentiment index indicates homebuilders are gaining more confidence. Sentiment is growing at a faster pace. In this show I break down the numbers, discuss where regionally the index is the strongest and weakest and what it means for the housing market in the next several months.
The consumer now expects inflation to be lower than years prior. This shift in the psychology of the consumer historically means something quite significant for the Federal Reserve and the future of interest rates and the 30-year fixed mortgage. The impact to the housing market will prove to be significant in the years ahead.
The New York Federal Reserve board released a survey that attempts to discover just what the consumer is thinking about the economy, their financial situation, and the housing market. It is extremely telling and deserves serious reflection on determining what is next for the real estate market.
The U.S. median mortgage payment for prospective homebuyers has dropped significantly over the last month. It is brining back homebuyer demand at a rapid rate and fueling what may be the next leg up for home values and the housing market overall.
The Oracle of Omaha, Warren Buffet, arguably the greatest investor of our generation is betting big on the homebuilders. Buffet invested in 3 homebuilders in late 2023. I go over who he placed his bets on and the just how significant this is to the future of the housing market.
This show is for those of you who have any doubts or fears about buying real estate. It represents the best long term value over time, perhaps more than any other investment. As I look at what happens with home values over the last 60 years, it brings me to certain conclusions when it comes to investing in real estate.
Today’s show covers more home price forecasts and predictions for 2024. I go over each forecast, what they mean and how significant they really are. I also give you my take on the housing market in 2024.
The National Association of Homebuilders (NAHB) confidence index shows homebuilder are becoming more confident in the housing market for the next several months and into next year. There are a few interesting things to come out of this month’s data that I break down in today’s show.
Homeowners in the United States are sitting on 30 Trillion dollars of home equity. The average homeowner’s net worth is significantly higher than that of a typical renter. This tells me something about the 2024 housing market and what it will mean for it going forward and into the coming years.
Yesterday the Federal Reserve announced they will pause rates, and even more importantly indicated they will cut rates multiple times in 2024. This is a very big announcement that significantly impacts the real estate market. I explain what it means and how it will impact the housing market in 2024.
According to a new Redfin report, 2023 was the least affordable year to buy a new home in the past 11 years in the U.S. Redfin also discuss what regions are the most and least affordable, where do home values go from here, and where do interest rates go from here.
Experts weigh in on the housing market for the remainder of 2023 and 2024. I review what they think regarding the direction of home values and the number of homes that will be sold next year, and provide you with my opinion on all of what they said.
Toll Brothers just told us that demand will surge in 2024 for new construction homes. Their upbeat forecast for the new construction housing market is a real tell on what to expect next year.
We all believe lower mortgage rates are coming. We also believe that it will bring more buyers and investors to the housing market. However, do we believe that it will finally bring more homeowners to actually sell their homes?
Pending home sales are as low as they were during the financial crisis. While this may seem like a scary headline is it really a reflection of the current market or not? I dissect this news story and explain what it really means.
It’s time I give you my take from the boots on the ground that I have as a Florida Realtor. What do I see happening with homebuyer demand and the overall real estate market right now? What are homebuyers and real estate investors saying and thinking?
Demand for mortgages is increasing. It’s highest increase since 5 weeks ago. As rates come down, demand for housing increases. While this may be obvious it’s important to notice as we can pretty much see the future of home values from here.
Economist Lawrence Yun of the National Association of Realtors (NAR) provides a 2024 forecast for the housing market and forecasts where interest rates and the 30 year-fixed mortgage rate goes from here.
Upon examining age demographics of who is and who is not a homeowner, it got me to thinking. Could we see a new trend play out in the next several years that could force home prices lower in certain parts of the country?
The National Association of Homebuilders Q3 affordability study indicated just 37.4% of Americans can afford a median-priced home in their metro area. I go over the most and least affordable list of cities and metros and discuss what it means for this local real estate markets going forward.
Listen up! If you have property investments or are looking to invest in real estate this is a must listen for you. Natalie Kolodij is a real estate tax strategist. In this interview we discuss tax advantages for owning properties, how to save lots of money from your rentals, and how to take full advantage of your short term rental properties, and much much more!
I explain why interest rates and the 30 year-fixed mortgage rate can’t go much lower without more housing inventory.
The Federal Reserve Chairman and the Treasury Department made two big announcements yesterday which say the 10 year treasury plummet in response. These are significant events which will impact the 30 year-fixed mortgage for what I believe to be the next few months. The impact to the real estate market could be significant.
In the spirit of Halloween, let’s review 3 myths about the housing market and what it takes to be a homeowner in today’s real estate market.
On Friday the Biden Administration announced an initiative to help increase housing inventory. I dive into what it is, how it will help the residential real estate market, and could it actually work.
How can you tell which housing markets in the country are the hottest and coldest? Take a good look at median days on the market. Redfin captures some terrific data on just that and potentially tells us which housing markets are still strong and which housing markets are showing weakness.
One of the if not the hottest real estate markets in the nation has been is South Florida, particularly in Miami. I take a look at what home values are doing in Miami-Dade County and what it may mean for other parts of the country and more going forward.
It’s been some time since we have looked at the latest population migration trends in the U.S. I take a deep dive into some data where I look into where folks are moving from and moving to within the U.S. This typically helps us understand where housing markets can hold up the best in the face of higher interest rates and where to perhaps consider investing our money next.
More and more headlines are coming in regarding interest rates and existing home sales. Will this continue or is this the beginning of the end of the bad news and more importantly this frozen housing market we find ourselves in?
Housing inventory is historically low as we know. On this show I get into the 3 main reasons of why that is and what it would take to fix it.
New listings are starting to come on the market, and in fact the number is rising on a recent month to month basis. This is extremely unusual for this time of year. What does this all mean and could it finally represent a sea change in the movement of the real estate market?
Apartment building starts has dropped 41% from a year ago. How can this happen when we need more housing inventory to stabilize the real estate market? I dig into why it’s happening and what it may mean for both fiscal policy and the overall market.
Lawrence Yun, the President of the National Association of Realtors gave his take on the current interest rate environment and where he see things going next. I discuss his thoughts and why to me that make a lot of sense both now and going forward, as well as the impact to the 30 year fixed rate mortgage and the housing market.
Would-be buyers and investors are simply not applying for mortgages anymore. Interest rates on a 30 year fixed-rate mortgage could reach 8%. But does that mean it’s going to 9% or could we be seeing the top of this run and ultimately see rates fall and fall considerably from here?
Buyer traffic for interested buyers and investors is higher now than it was from 2017 - 2019. So then why are sales transactions for real estate so much lower? I dig into this and what it may mean going forward.
A lot of headlines related to the housing market and home values have come out recently. However, which ones should you really look at? I go over some of the recent headlines and explain why you should take them each with a grain of salt.
Many of the major entities that predict home values, from Fannie Mae to Wells Fargo, to Zillow have updated their 2023 home value forecasts from what they initially projected in the beginning of the year. How different are they? I review each one and tell why it’s not quite the same as initially expected.
The Federal Reserve did not raise nor cut the terminal rate yesterday. However, they did indicate that rates may stay elevated for a while. This effect on the 30 year fixed mortgage rate and housing will be felt. I explain in more detail what The Fed did, what it means, and how it may impact housing going forward.
Builder confidence as measured by the National Association of Home Builders (NAHB) survey is down again for the 2nd month in a row and is now in negative territory. The implications to the housing market is significant. I dig into the numbers, what the experts think, and tell what I think it means going forward.
Housing inventory would need to double in order to get back to normal levels. In this episode I go over where we stand today and what it means for the housing market now and where it needs to go to get us out of the current housing recession where there is little to no movement.
Although rents remain high we are really starting to see declines in some parts of the country. Another significant change is that Landlords are starting to actually offer would-be tenants concessions to move in. I dig into what is contributing to this change, why it is extremely significant to the future of the housing market, and what to expect next.
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Want to know where mortgage rates are going next? I looked at the historical trends of mortgage rates and there is one clear indicator that tells you where rates are going next.
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As we look towards the final part of 2023 let’s check in with a lot of the big institutions and get a read on what they think is in store for home values and mortgage rates going forward. I give you my take as well on where I see this all ending up the end of the year.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Is it high interest rates or the fact that rates are so volatile that makes both buyers and sellers to afraid to take action? I dive into this on today’s episode explaining what is going on with rates and how it keeps buyers and sellers on the sidelines.
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Interest rates are as high as 7% for the 30-year fixed. Is it best to wait for rates to come down or should you just buy right now? I tackle that question from both a homebuyer and investor point of view.
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The National Association of Homebuilders NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. Sentiment declined for the first time in 6 months. I dig into what may be the cause and I why you need to pay attention to this.
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The trend with national home prices and their values is now clear. For several months now we have seen home values go up, now down in value. I look into just when this trend started and exactly how it can be happening in a high interest rate and low affordability residential real estate environment.
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Fannie Mae conducts a survey that produces the Home Purchase Sentiment Index which determines what Americans believe regarding if it is a good time or not to buy a home. The findings are quite interesting and can indicate home price direction if coupled with some more data.
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It’s not just domestic buyers who are pulling in the horns on buying real estate. The data shows that international buyers are also not buying as much as they used to. I go over some of the data and what it means for the overall housing market
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The trend in today’s market is to move to another city that is more affordable then the one folks currently live in. This market, which has seller’s saying they would like to sell but where would they go, is now showing new migration signs that are bringing demand to certain parts of the U.S.
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Housing recoveries often occur right after a recession is ending. There is a lot of data to suggest that we have turned the corner with the housing market and a recession in the U.S. no longer looms or perhaps already happened.
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The last 6 months have seen roughly 14 of every 1,000 U.S. homes change hands. That is the lowest turnover rate in at least a decade. What is causing things to slow down so much in the U.S. housing market and what will it take to get things moving again?
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The 30 year fixed rate mortgage loan interest rate continued to climb this week with the average approaching 7%. Why are rates so stubbornly high and moving higher? How much longer are we going to deal with this range for interest rates?
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We all face a current conundrum of whether to buy at such high home prices and high interest rates. It seems better to wait for interest rates to come down before deciding to buy. But is that really the right approach? Are we just waiting for the perfect time to buy which makes us never buy at all?
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Real estate investments are the ultimate hedge agains high inflationary times. I cover two major ways that is true and reminds us to not wait to buy real estate.
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The S&P Case-Shiller Index saw home prices rise 0.5% month to month. The housing market is well on it’s way to a recovery. Where can values go from here as we parse through the latest data?
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New housing starts which represent the start of new home construction soared in May. It’s the most seen in 30 years. It’s a move like no other that is really good news for the housing market.
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There is a new wealth effect potentially taking place in the stock market in the last few months. The last time we saw this there was a significant impact to housing demand and the real estate market as a whole.
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While the Federal Reserve paused their interest rate increases for now, the market reacted as it should as the 30-year fixed continues to stabilize. However, it was during the Q&A session with Federal Chairman Jerome Powell that gave me great insight in to what may happen next not only with rates but with the housing market and it’s future direction.
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Rent decreases are more and more likely in the next 12 - 18 months in the U.S. One of the main reasons for this may surprise you.
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What is the real reason mortgage rates are high and appear to be going higher lately? When you break down what mortgage rates are tied to you, you can start to understand what may happen next with rates, and in turn really determine just where home values and the overall real estate market will go next.
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As we close in on the first half of the year, let’s take a pulse on some of the latest U.S. housing market data. What has been happening recently with home values and just where are they headed next?
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Home sellers gave concessions to buyers in 42.9% of U.S. home sales during Q1 of 2023. That number is significantly higher than it was last year. Why is this shift happening in the housing market and can you take advantage of it?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
A widely followed index, the S&P Case-Shiller which provides year over year and month over month price movement for housing says price declines may be over.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Interest rates tied to the 10 year treasure and mortgage rates have climbed higher in recent weeks. What’s the cause for this if inflation seems to be slowing and the Fed indicated a potential pause? I reveal that and what it means for your potential investments going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The U.S. is at risk of defaulting on it’s debt and, thereby, not paying bills for money Congress has already spent. While the impact to the economy would be significant, what would happen to the real estate market?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Why is homebuyer demand gaining significant strength in the face of higher interest rates? It’s not just a seasonal trend. There is more to this story and it’s a definitive guide to where prices in this housing market may go next.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
This week U.S. News & World Report unveiled its 2023-2024 “Best Places to Live” in the nation. These cities’ rankings may hold the key to understanding what housing market trends lie ahead.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
May homebuilder confidence as measured by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is finally out of negative territory reaching a normal score of 50. With pessimism waning and optimism coming for homebuilders, what does this mean for the real estate market going forward?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
I go over the top 10 rental markets based on the percentage of price rises in April. What does this data tell us about these local housing markets?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
I discuss and go over the top 10 worst metros for rents with their respect to their percentage decline in April. What does this tell us about these local housing markets?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Could more supply be another reason for slowing rents? I discuss this and some other reasons for the apparent slowing in rental prices and increases in vacancies.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The majority of buyers plan to move forward despite higher rates and home prices. This confidence speaks to one aspect of today’s housing market and I think is a leading indicator of market direction going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
For the first time in over 2 years shelter inflation, the part of CPI data that measures the cost to rent slowed and went lower. This is a little unnoticed part of the CPI reading from last week that is so critical to understanding the direction of the rental market and interest rates.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
More and more data suggests the real estate market’s housing prices have bottomed out and in fact are starting to rise month over month. Is it time to buy?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
From some data extracted from Zillow, I review the top 10 neighborhoods people want to buy in and move to. What can we learn from this data? I review them here, discuss why they matter and what it means for the real estate market.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The best time to sell a home is when others are not. New listings in April are the lowest they’ve been since 2020 during the pandemic months. I present the contrarian view as to why selling in this housing market is a good idea.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
National Association of Realtors Chief Economist Lawrence Yun thinks the Federal Reserve should not have raised interest rates another 25 basis points in the last meeting. The reason he says this is quite surprising as he unveils some data that nobody is paying enough attention to.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Due to recent bank failures, credit lending is starting to tighten and shrink more especially for commercial and industrial loans. How much spillover will we see in the commercial and residential real estate markets and what does this potentially mean for the Fed’s next move?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
A recent survey explains the real reason Millennials want homeownership. If you’re in the business of buying and selling real estate, you will want to listen up!--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
New construction single family homes now make up 1/3 of the available homes for sale. It’s a number that far exceeds the historical norm. What does it mean for you as a homebuyer in this current housing market?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The housing market has stabilized in the last few months. Where do home values go from here?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The top 5 multifamily markets in 2023 based on projected rent growth is discussed in today’s episode. I break down where, why, and what makes this the thing to really look for when investing in a multifamily or even a single unit.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
What’s a great way to tell if the real estate market is picking up steam? Look at how many offers are being made on properties that are on the market. Plus, I let you in on a little secret on how to really tell if the market is picking up or still slowing down.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Job growth exceeded expectations and the unemployment is the lowest since 1969. What does it mean for the real estate market and the future of home values, interest rates, and more.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
If you think you should wait for lower housing prices to buy a new home or make a real estate investment, think again. I explain why in today’s episode.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The Federal Reserve announced a 25 basis points rate hike yesterday, but also hinted at a future pause based on outside circumstances. I discuss what the outside circumstances are and what it means for the economy and the housing market going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Want the most bang for your buck? A really cool study from RealtyHop tells you just that. Here are the cities that net you the most (and least) square footage based on a purchase price of a new home with $375,000 in your pocket.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Despite much higher interest rates the decline in some cities has actually made it more affordable with a lower monthly payment than a year ago according a new Redfin study. I reveal which cities and what this may mean for the real estate market going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The influx of international and out of state buyers in some major cities is leading to smaller towns experiencing a huge migration of people. How do you identify these towns and why do they make a great investment right now.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
If you think inventory is just “low” you would be just slightly accurate. It is historically low and it is an inventory crisis that we have on our hands. How do I know? Listen to what is going on in New York and you will understand why.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The Federal Reserve meets this week to announce their next rate hike move. This meeting will determine the direction of interest rates which effects the 30-year mortgage rate. In this episode, I preview what I think may happen and what this could mean for the real estate market and how you should think about it going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Long time investor and Warren Buffet partner Charlie Munger predicts serious trouble for parts of the commercial real estate industry.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
This time of year is usually the hottest time in the residential real estate market. It usually begins in the spring and carries over into the summer months. Let’s check in on what some of the leading industry experts are thinking things will go this summer.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Commercial real estate woes continue as certain sectors continue to struggle. Let’s discuss where to and not to put your money work in the commercial real estate space.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
According to data from First American, out of all the sources of wealth an American family can have, homeownership by far provides the largest portion of that wealth.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Mortgage demand increased last week even though mortgage rates also increased. This strange correlation is telling me something very interesting about the housing market.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Homebuyers are requesting home inspections again, and sellers are providing repairs and cash at closing. This trend was gone during the frenzy that took place during the housing market boom from 2020 - 2022. --- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The U.S. Housing Market represents a clear reflection of two different markets. I discuss the divergence, what is causing it, and why it’s important to understand as a real estate investor in today’s market.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Mortgage fees will increase for high credit-worthy buyers with larger down payments and decrease for lower credit borrowers with lower down payments. The new federal rule on mortgage fees is meant to assist those who struggle to buy a home but it foots the bill with homebuyers with higher credit scores and higher down payments.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Mortgage approvals without appraisals are becoming more common thanks to new technology being approved by Fannie Mae and Freddie Mac. This has some implications on the real estate market.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
13.5% of real estate investors lost money in March. It is the biggest decline since 2016. I dig into why that is, where it’s happening the most, and what it may mean for some the largest metro markets going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The majority of millennials are now officially homeowners, and their numbers keep growing. Gen Z is now moving more and more into homeownership. What could it mean for market trends and how can you take advantage?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Housing Inventory is much lower than it was in the 1980’s. It’s a startling statistic that needs to be discussed further.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
A recent survey provides us with the interest rate that buyers and investors want to jump back into buying properties. It’s not only important to note but it should guide you in your next move.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Lenders are holding back in a sudden change after recent bank runs and higher rates. It is getting harder to approve loans for businesses and homeowners. This sea change can have a significant impact in buyer demand and the real estate market. Is it here to stay?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
A Pulsenomics powered Zillow survey asked a group of real estate market experts what is the best way to improve and increase the supply of housing.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Redfin reviewed the top areas people are moving to and from in Q1 of 2023. This is a great indicator to determine where to invest. I dig into the numbers and give you my take on what it all means.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
U.S. rents posted their first annual decline in 3 years. This is very significant for a few reasons. I also check in on which cities have been hit the hardest and which have are hanging in there.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
A lot of data recently suggests that the real estate market has bottomed on a national level. Does that mean we are back resuming the sharp moves higher we saw from 2020 to 2022?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Data analysis company CoreLogic which is perhaps the largest data analytics company for the real estate market claims national home prices have already bottomed out. Do I agree with them? Let’s dig into it a bit more.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Homebuilders are offering very attractive rates to new potential homebuyers. I dig into how and why they are providing these very low fixed-rate incentives and what it may mean for the housing market and homebuilders going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The CEO of Lennar sees demand increasing and less sensitivity to interest rates from potential homebuyers. This is a significant shift and may indicate the housing market’s direction in certain regions of the country.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The work from home phenomenon has been going on for the last few years. What if this trend is helping to force a lower inventory housing environment?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
These are the 15 best cities to buy a home in the U.S. if you want to grow it in value. Today I go over the list and determine why that is.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
These are the 15 worst cities to buy a home in the U.S. if you want it to grow in value. Today I go over the list and determine why that is.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
We all agree demand for housing increases with lower interest rates, but what about supply? I have a theory that lower rates could increase housing supply.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Political intervention, new laws, or changes to tax codes can all have an effect on a state, city, or neighborhood’s real estate market and the trend that may follow.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Climate change and changes to the our environment continue to have an impact to our well-being. It is quite possible that the impact to the real estate market in certain communities may feel a significant impact as well.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
The sunbelt and southeastern part of the U.S. is experiencing a population boom. I look closely at Florida as an example and discuss why it is happening and how long it can last.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
While housing inventory continues to fall, the demand supply pendulum naturally swings. This will clearly impact housing prices going forward.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Rates were so low just a year ago that it’s impact is further reaching then we anticipated. It’s impact on the current low inventory environment in the housing market is just one aspect of this.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
I take a closer look at Goldman Sachs prediction for 2023 home value appreciation broken down by city. Only 2 cities will see higher home values in 2023. How will other cities in the U.S. fair?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Today’s market and the high interest rate environment is causing a trend that is further impacting inventory in housing and will be important to watch to see how the real estate market may react in the coming months and years.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Pulsenomics held their quarterly survey with a panel of over 100 economists, investment strategists, and housing market analysts regarding their five-year expectations for future home prices in the United States. --- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Goldman Sachs provided their updated forecast for the global real estate market. On this episode I cover where the U.S. stands amidst other nations and what is behind the numbers for the U.S. market in particular.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Housing inventory remains extremely low. I analyze why I think that is and the answer may surprise you.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
On this episode I take a deep dive into why home values in some cities are rising while in others they are falling. Real Estate markets have always been localized, but in today’s market, I explore what the real difference may be between two different cities in the U.S.--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
As the U.S. 10 year continues to plummet, so do mortgage rates. Why is it plummeting so fast and what does it mean for the real estate market going forward?--- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support
Why are the homebuilder stocks up so big so far in 2023. Listen up for my hypothesis based on what I’m seeing and being told by others.--- Support this podcast: https://anchor.fm/mark-salib4/support
During Federal Reserve Chairman Jerome Powell’s Q&A session he was asked about Silicon Valley Bank and it’s impact to the banking sector and commercial real estate lending. --- Support this podcast: https://anchor.fm/mark-salib4/support
The Federal Reserve increased rates another 25 basis points. From the statement and post-briefing, I believe they have reached the end of their rate hike cycle. It’s a significant moment potentially for the housing market.--- Support this podcast: https://anchor.fm/mark-salib4/support
A massive spike in home sales occurred in February according to the National Association of Realtors (NAR). Why did we see this and what could it mean moving forward for the real estate market?--- Support this podcast: https://anchor.fm/mark-salib4/support
The 30-year fixed seems poised to fall in the coming months. What could happen to the rental market should this be the case?--- Support this podcast: https://anchor.fm/mark-salib4/support
Regional bank failures are impacting investor confidence. But what might be the real impact to the real estate market and what part of it may suffer the most?--- Support this podcast: https://anchor.fm/mark-salib4/support
Checking in on the homebuilders for some market direction tells us a good story may lie ahead for the real estate market.--- Support this podcast: https://anchor.fm/mark-salib4/support
Just in time for the spring buying season rates are falling. This may be just the beginning of further downward pressure.--- Support this podcast: https://anchor.fm/mark-salib4/support
Realtor.com uncovered the best week of the year to sell your home. Their research is quite compelling.--- Support this podcast: https://anchor.fm/mark-salib4/support
We’ve thoroughly discussed the Federal Reserve’s desire to kill demand in all facets of the economy. But with mortgage rates tumbling, and inflation easing, is demand coming back?--- Support this podcast: https://anchor.fm/mark-salib4/support
Investors may turn to real estate as a safe haven investment given the recent macro activity in the economy and the issues with regional banks in the U.S. and Europe.--- Support this podcast: https://anchor.fm/mark-salib4/support
While bank collapses are obviously bad for investor sentiment and the economy, there is a silver lining for the housing market.--- Support this podcast: https://anchor.fm/mark-salib4/support
Over the weekend Silicon Valley Bank collapsed and a few more banks followed. What does this mean for the market?--- Support this podcast: https://anchor.fm/mark-salib4/support
The debt service coverage ratio loan (DSCR) is helping many investors purchase a rental investment who otherwise could not. --- Support this podcast: https://anchor.fm/mark-salib4/support
The market demand and appetite to buy is clearly deflating. So how do home prices seem to hang in there and not plummet further?--- Support this podcast: https://anchor.fm/mark-salib4/support
Rates appear to have stabilized. In many markets home prices have stabilized as well. Is it time to come off the sidelines?--- Support this podcast: https://anchor.fm/mark-salib4/support
Investing is down big from Q4 2021 to Q4 2022. While it is no surprise what does it mean and how should we interpret this?--- Support this podcast: https://anchor.fm/mark-salib4/support
Last night’s Super Bowl brings to mind why investing, like football, is a team sport.--- Support this podcast: https://anchor.fm/mark-salib4/support
January marks an all-time high for Manhattan rents. What is fueling all this demand?--- Support this podcast: https://anchor.fm/mark-salib4/support
Want more data on U.S. population migration trends? Look no further than the DMV.--- Support this podcast: https://anchor.fm/mark-salib4/support
Does it make sense to continue waiting to buy a property?--- Support this podcast: https://anchor.fm/mark-salib4/support
Natalie Kolodij is a Real Estate Investor, IRS Enrolled Agent, and Real Estate Tax Strategist. She has been on multiple real estate podcasts including Bigger Pockets Money, Weiss Advice, and InvestHer. She was recently a Speaker on the Bigger Pockets Con 2022 Tax Panel. You can learn more about Natalie at https://kolotax.com and https://retaxstrategist.com.--- Support this podcast: https://anchor.fm/mark-salib4/support
Final installment of this 3 part series examines the labor market and the impact going forward for the real estate market.--- Support this podcast: https://anchor.fm/mark-salib4/support
More data points from the U.S. Federal Reserve, the European Central Bank and Bank of England indicate a recession is less likely and the housing market may even rebound this year.--- Support this podcast: https://anchor.fm/mark-salib4/support
The global economy may be turning for the better. I discuss two new data points from the IMF and Eurozone which tells us a future of brighter days ahead.
Haley Cutter, founder of Cutter Luxe Living at Compass serves Boston’s most exclusive downtown neighborhoods. Haley has been featured in The Boston Globe, Business Insider, and Mansion Global. Haley’s story can serve as an inspiration to others who want to launch their own brand, need real estate insight, or want to learn about the remarkable journey of a female founder. Learn more and contact Haley at https://www.compass.com/agents/haley-cutter
Buyers and Sellers have been at a standstill the last several months. Are buyers breaking first?
How Many More Buyer’s Would Come Back to the Market at Below 6% Interest Rates? The Number May Surprise You.
The builder confidence index finally showed a positive reading. Are we perhaps reaching a bottom in the latest real estate downturn cycle?
Economists at Goldman Sachs have provided national and regional forecasts for 2023 and doom and gloom is not in the forecast. In fact some of these numbers are quite stunning.
Latest reading from the NAR’s affordability index helps us understand market direction and regional trends.
The Dow Jones U.S. Home Construction Index is telling us something about the direction of the real estate market.
Redfin expects number of home sales and median prices to both decline in 2023. Let’s get into the numbers and what I think this means for the market going forward.
Manhattan apartment sales fell by 29% in the fourth quarter. While the current environment is challenging are there signs of life?
As we enter 2023 let’s discuss population migrations in the U.S. nationally and regionally to help us get a sense of where to put our money to work.
Millennials are the most formidable population today in the U.S. How this dynamic impacts the real estate market going forward.
Inventory is so low in certain areas of the country it’s staggering. We need more homes and we can’t build them fast enough.
What is the Housing Affordability Index and what is it telling us about the real estate market?
Although the rate hike was less then the last several, there was one part of what The Fed said yesterday that caught my attention.
With a lower consumer price print then anticipated we need to figure out what this means to rates, home values, and the economy.
4 in 10 Americans want to move in the next 3 years. I discuss why that is and what it means for the future of the real estate market.
A listener sent me a graphic that is very indicative of what investors are most likely thinking with respect to investing in real estate right now.
Mortgage rates dropped for the 3rd straight week. Here are a few good ways to track where they are headed.
Why home values cannot really drop all that much if inventory remains low. There is one other reason as well.
With all the talk of a slowing market, let’s give thanks to the long-term benefit of homeownership.
Rents rose 7.8% in October according the Redfin’s latest rental market tracker. This is the slowest growth in 14 months. Which cities saw the biggest slowdown and why it matters.
In a research note by the Dallas Fed, home prices could fall 20%. Here is how that scenario could play out.
Jeremy Siegel Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania thinks the Federal Reserve needs to figure out the right housing index to look at it for policy decisions.
There was one weekly gain in mortgage applications specifically for FHA loans. What could it mean?
Inflation may finally be peaking. I clue in onto why that is and what it means for the housing market going forward.
S&P Case-Shiller Index records the largest monthly decline in home prices since 1987. What does it all mean and does it tell the full story?
Today’s listener question episode covers the 5/1 or 10/1 type ARM mortgage loans and if they are right for you.
Why the housing market could be strong next year based on past recessions and their link to mortgage rates.
Bidding wars that consumed the housing market over the last 2 years are over. What does it mean for you?
Median home prices which gauges how much homes sell for month over month are down. Is it down enough?
Mortgage applications are down and rates are the highest since 2008. Have we finally peaked?
Today we received mortgage application and sales data. What does it tell us about the movement of the market?
One part of the market is moving with fierce demand. Here’s why it tells me purchasing a home is still not affordable for most.
Last week the Federal Reserve made it clear they will do whatever it takes to tamper down inflation. Here’s what that means for Home values going into next year.
Fannie Mae expects mortgage rates to fall to 4.5% in 2023. What does that mean for you?
Home prices declined from June to July. What’s the cause and how do we know when it stops?
Why is today’s market nothing like 2008? Because lending practices are completely different.
There is evidence that suggests folks are looking for homes in more rural parts of the country. Let’s dive into what that means.
Gone are the days of asking for whatever you price you want for your home. So what should you do if you want to sell?
A follow up to a previous episode entitled “Buyer’s are Backing Out of Contracts” from July 15th.
Real Estate Brokerage Redfin ranked the top cities users appeared the most likely to leave and enter.
NAR Chief Economist Lawrence Yun gives his take on the housing market before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
Buyer’s are backing out of contracts at the highest level since the pandemic. What does it all mean?
I break down what the latest housing forecast for the coming years is and what you need to read between the lines.
Demand for housing has definitely weakened. But is it gone or just taking some time off to think?
Houses are still selling. Just because you see asking prices drop does not indicate a trend… yet.
While the housing market begins to soften I get into some statistics that will help us compare it to the 2008 market downturn.
Yesterday the Federal Reserve acted more aggressively then it has in over 20 years. What does this move mean to the housing market?
Demand for mortgage applications plummets to a 22 year low. Is it a sign of a slowdown in housing?
Today I discuss updating your home prior to placing it on the market including the latest data on the top renovations with the greatest return.
Applications for mortgage loans drops the most since 2018. What’s the impact to the housing market?
When you buy a new condo you own a fraction of the building as well. Here is what I look for in a building before purchasing.
If you are buying a new home to be your primary residence then inflation is not the reason to delay your purchase.
The stock market has been quite rocky for the past several months. Are we to read into this as real estate investors?
How the luxury market has been and where I think it is going. Is the same true for other markets?
When Home Builder D.R. Horton reports their earnings I listen. Here’s what they have too say.
The U.S. needs about 3M more homes to meet homebuyer demand and it will take years for builders to catch up.
I dive into the impact of the war in Ukraine on real estate sales in the United States.
Interest Rates Reached 5% This Past Week. The ripple effect to housing and more explained here.
Millennial house hunters are rising in numbers and the impact to real estate values is significant.
A special thanks to our listeners as we reach a new milestone on the show. We hope to inspire you to reach your greatest desires.
Even in today’s seller market it’s a bad idea to list your home for sale at a very high price above market value.
People are more in love with their homes than ever before. Is that impacting real estate inventory?
While inventory is low there are other forces at work driving a homebuyer frenzy in today’s market.
There is a significant increase in interest to purchase a 2nd or vacation home from the many people that I speak to.
Why desire for your dream home matters. In today’s market you have to beat out the other players to win a home.
Why home renovation before putting your home on the market for sale is not as good an idea as you may think.
Today’s market is competitive and sellers are still in control. Here is how you should price your home for sale.
Too many buyers are suffering from fatigue in today’s competitive market. Here’s what you can do to shake it off and stay in the game.
The pandemic led to a wave of remote work which still remains. What does that mean for you and your real estate?
Redfin says one out of three visitors to its listing website search for homes outside their current metro area in the fourth quarter of 2021. Listen to see who tops the list.
Chip Manufacturer Intel selects Columbus for new plant. How does this impact the region’s real estate market?
A home inspection is a critical step in the home buying process. Let’s go over what it covers.
What are the latest trends in population migration and re-location and how is it impacting real estate values in The United States.
So often in this market buyer’s remorse stops you from pursuing your dream home. Don’t let it. Here’s why you should move on quickly.
Mortgage rates are rising. What it means to homebuyers and why you should not wait to buy your first or next home.
I dive into the housing market forecast for 2022 with expert opinions from the National Association of Realtors, Fannie Mae, Freddie Mac and others.
The final part of this 3 part series in which I discuss how this current seller’s market began.
What is the difference between a seller’s market and a buyer’s market? Which one are we in?