64 min listen
145: 60% of Homes Classified as “Unaffordable,” How Long Can This Last? w/Matthew Gardner
FromOn The Market
145: 60% of Homes Classified as “Unaffordable,” How Long Can This Last? w/Matthew Gardner
FromOn The Market
ratings:
Length:
40 minutes
Released:
Oct 2, 2023
Format:
Podcast episode
Description
The housing market is now aggressively out of reach for first-time home buyers. Nearly sixty percent of homes for sale are unaffordable to the average American. What’s causing such a lack of affordability? High mortgage rates, meager supply, and baby boomers refusing to sell their single-family homes (seriously). These factors have created a housing market where “forced renter households” will become the norm…but not for long.
According to Matthew Gardner, Chief Economist at Windermere Real Estate, there’s at least some hope on the horizon. Mathew knows the solution to this almost unfathomable unaffordability issue, and it’s much simpler than most people think. In this episode, he talks about the primary driver of high home prices, the factors causing so many Americans to rent, and why we can’t repair this market using the same housing market “incentives” that worked in the past.
And, as someone who works regularly with large-scale investors, Mathew has some advice for those still trying to invest in a market where profits seem improbable. When will mortgage rates head down? How long will unaffordability last? And what’s the solution Matthew thinks will solve it all? We’ll get into all that in this episode!
In This Episode We Cover:
The SINGLE factor that’s causing so much unaffordability in the housing market
Home price updates and a surprising statistic about homes for sale
Mortgage rate predictions and whether or not we’ll see them fall next year
“Forced renter household” formation and whether America will become a renter nation
Crucial advice for ANYONE who’s buying real estate in 2023 (and if you should wait)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Housing is Unaffordable, But Could It Actually Get Worse?
Connect with Matthew
Matthew's Facebook
Matthew's Instagram
Matthew's LinkedIn
Matthew's Twitter/X
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-145
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
According to Matthew Gardner, Chief Economist at Windermere Real Estate, there’s at least some hope on the horizon. Mathew knows the solution to this almost unfathomable unaffordability issue, and it’s much simpler than most people think. In this episode, he talks about the primary driver of high home prices, the factors causing so many Americans to rent, and why we can’t repair this market using the same housing market “incentives” that worked in the past.
And, as someone who works regularly with large-scale investors, Mathew has some advice for those still trying to invest in a market where profits seem improbable. When will mortgage rates head down? How long will unaffordability last? And what’s the solution Matthew thinks will solve it all? We’ll get into all that in this episode!
In This Episode We Cover:
The SINGLE factor that’s causing so much unaffordability in the housing market
Home price updates and a surprising statistic about homes for sale
Mortgage rate predictions and whether or not we’ll see them fall next year
“Forced renter household” formation and whether America will become a renter nation
Crucial advice for ANYONE who’s buying real estate in 2023 (and if you should wait)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Housing is Unaffordable, But Could It Actually Get Worse?
Connect with Matthew
Matthew's Facebook
Matthew's Instagram
Matthew's LinkedIn
Matthew's Twitter/X
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-145
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 2, 2023
Format:
Podcast episode
Titles in the series (100)
10: How to Prepare for a Recession (and Profit!) in 2022: One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to. For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real e by On The Market