Sat, 6 May 2023
Jason also welcomes Mike Simonsen of Altos Research as they discuss the factors that keep people from selling their homes and how federal and tax policies contribute to the shortage in housing inventory! Moreover, these factors create more upward pressure on rents! For more detailed information on the charts discussed in the show, visit AltosResearch.com. Key Takeaways: 0:28 Introducing Mike Simonsen of Altos Research 1:20 Mike’s macro view and insights on the current housing market 4:20 There will be sellers who won’t be selling above the 5.5% mortgage rate 6:00 Factors that keep a lid on inventory for a long time- including fed and tax policies 10:20 Creating more upward pressure on rents 12:00 Total inventory home for sale – US Single Family 14:15 What is the chart not telling us? 17:32 Buyers have stopped buying especially at the 5% threshold 20:06 Median homes list prices – US Single Family 22:00 Where these pricing data come from and the median price on new listings 23:37 Possibility of larger homes not coming into the market in this time of the year 25:30 Weekly inventory change – US Single Family homes 31:00 Standard of living will give in; people will go down the socio-economic ladder 34:14 San Francisco Inventory: Weekly Single Family 35:09 Percent of homes taking price reductions, single family homes US national 37:48 Application for sellers and buyers; going ahead of the curve in your local market 41:09 Where do we go from here?
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Direct download: AMA_445__CW_1912_CW_AIPIS_CI_-_Mike_Simonsen_Altos_Research_v1.mp3
Category:general -- posted at: 12:00pm EST |