1676: Good News For the Housing Market, Rising Housing Starts, Millennial Buying
Housing inventory hasn\u2019t magically reached levels that will cool off the market, but there are some good signs on the horizon. Jason Hartman breaks down a recent article with information presented by Lawrence Yun, chief economist of the National Association of Realtors, discussing some of the good news that\u2019s headed toward the housing market. But, like everything in life, there\u2019s a flip side to the coin that isn\u2019t as good news for buyers.
Listen in as Jason asks the question that the mainstream won\u2019t ask, and examines the good and the bad of our current landscape.
Key Takeaways:
[3:59] Housing market inventory recovery?
[8:03] The market we're in can absorb a LOT more inventory
[11:58] Home starts jumped 15%
[17:23] Millennials still aren't buying homes in large percentages
[20:03] Almost none of the new inventory being built/coming online now is in the price range that makes sense for rentals
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