29 min
2068: Declining Home Sales- What It Means for Investors and Renters with Selma Hepp Creating Wealth Real Estate Investing with Jason Hartman
-
- Investing
Shout out from Rio de Janeiro where Jason opines that BRICS and their attempt at circumventing America's currency and challenging the US dollar's hegemony is not much to be alarmed over.
Then Jason welcomes Selma Hepp, the Chief Economist of Core Logic. They discuss the challenging state of the real estate market and noted that the market was facing issues due to rising mortgage rates, which led to a decline in transactions and mortgage refinances. Additionally, she highlighted that existing homeowners were benefiting from this situation due to their low mortgage rates and increasing equity. Selma also pointed out that the volume of home sales was down by 18% last year and was expected to decline by a similar amount this year, while mortgage origins were likely to be down by 30-35%. She also mentioned that the inventory of available homes for sale was at its lowest level historically, a quarter of where it was before the great recession. Despite this challenging market, Selma didn't expect much change until the spring of next year.
Key Takeaways:
1:28 BRICS
Selma Hepp interview
3:30 Who benefits in the current housing market
5:19 A decline in sales volume down and it's effects on inventory and prices
9:21 Slicing the MLS data
15:44 Decline in home sales driven by lack of affordability and supply
18:04 The Single Family rental market data
22:41 Where the Single Family market is headed
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com
Shout out from Rio de Janeiro where Jason opines that BRICS and their attempt at circumventing America's currency and challenging the US dollar's hegemony is not much to be alarmed over.
Then Jason welcomes Selma Hepp, the Chief Economist of Core Logic. They discuss the challenging state of the real estate market and noted that the market was facing issues due to rising mortgage rates, which led to a decline in transactions and mortgage refinances. Additionally, she highlighted that existing homeowners were benefiting from this situation due to their low mortgage rates and increasing equity. Selma also pointed out that the volume of home sales was down by 18% last year and was expected to decline by a similar amount this year, while mortgage origins were likely to be down by 30-35%. She also mentioned that the inventory of available homes for sale was at its lowest level historically, a quarter of where it was before the great recession. Despite this challenging market, Selma didn't expect much change until the spring of next year.
Key Takeaways:
1:28 BRICS
Selma Hepp interview
3:30 Who benefits in the current housing market
5:19 A decline in sales volume down and it's effects on inventory and prices
9:21 Slicing the MLS data
15:44 Decline in home sales driven by lack of affordability and supply
18:04 The Single Family rental market data
22:41 Where the Single Family market is headed
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com
29 min
More by Hartman Media Network