Wed, 18 January 2023
1949: Shadow Demand, Lower Existing Home Sales, Increased Mortgage Rates, Decreased Home Sales Volume, Outlook for 2023, Rick Sharga Part 2
It's 9 days till the life-changing Empowered Investor Live summit happening on January 27 to 29 at Scottsdale, Arizona! Empower your life by joining a community of investors and third party vendors together with Jason's own investment counselors who are passionate about your investing success! So start the year right! Go to EmpoweredInvestor.com/live and get your tickets TODAY!
18 to 29 year olds living with their parent/s! What does that mean? There is still demand for rental housing! But this demand will decline in about 20 years. That's a word of caution from Jason. But for now, you are going to make a fortune with your income properties!
Here is part 2 of Jason's chat with Rick Sharga of ATTOM DATA. Know the facts and data that will serve as an indicator of trends in the single-family housing investment space across different markets. Note: This interview was done last December 2022.
1:59 Shadow inventory, shadow demand, 18 to 29 year olds living with their parent/s
5:37 What this means as investors
7:35 A word of caution: there will be a decline in housing demand- in about 20 years
9:40 Get your tickets to the EMPOWERED INVESTOR LIVE summit today!
10:28 Join Jason on a cruise on March 4 to 9! Mix a little business with pleasure! Go to EmpoweredInvestor.com/cruise now!
Rick Sharga interview part 2
12:09 Chart: Mortgage rates still near 20 year high
12:52 Chart: October marks 13 consecutive months of lower existing home sales
13:30 Chart: New Home sales down 14% from 2022
14:36 Chart: Builder sentiment, housing starts declining rapidly
16:39 Chart: Very low new supply (Altos Research)
17:10 Chart: Inventory outlook for 2023
17:29 Chart: Price reductions have peaked (Altos Research)
19:57 Chart: Pendings dramatically lower
20:23 Chart: Purchase loan apps off 41%
24:19 Chart: Prices in western markets are declining
25:49 Chart: Further declines are expected in many - not all - markets (Zillow)
29:31 Chart: But homeowners still have record equity
30:16 Chart: Delinquencies below pre-pandemic levels
35:26 Chart: Foreclosures starts approaching pre-pandemic levels
37:44 Chart: But REO activity still well below normal
"93% of the people in foreclosure have positive equity." - Jason Hartman
"Our data shows that about 6% of homeowners nationally are underwater on their loans. There's half a percent of homeowners who are in foreclosure." Rick Sharga
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:
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand:
Free Mini-Book on Pandemic Investing:
Direct download: 1949__CW_AMA_CI_AIPIS_HI_-_Rick_Sharga_Part_2_v1.mp3
Category:general -- posted at: 1:00pm EDT