Episode 64 - What is luxury‪?‬ Sweat the Details by Nest Realty

New cars, once part of the American Dream, now out of reach for many
Scarcity = Luxury?
On shoes
Blundstones
What % of real estate - and all - markets are luxury?
Housing availability
Mortage Rate Lock-in
Having kids and demographics
30% of people don’t have mortgages
1/3 of new inventory is new construction - historical average is closer to10%
Scarcity of the right kind of house that buyers need - referencing sandwich generation.
Homebuilder sentiment index
Great (builder) profits amid lousy sales
Lumber prices - from a high of $1,500 to current ~$520
Scarcity created in new construction markets
Apartment glut - here or coming?
Remodeling opportunity will abound as the market shifts
Does the speed and ease of communication drive the frenzy and the markets?

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