445: Weekly Housing Inventory Changes, Mortgage Rates, Mike Simonsen Altos Research
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\u2019s macro view and insights on the current housing market
4:20 There will be sellers who won\u2019t 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\xa0
10:20 Creating more upward pressure on rents
12:00 Total inventory home for sale \u2013 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 \u2013 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 \u2013 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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