Redfin Chief Economist: Mid-Year Housing Market Predictions + Update
ฝัง
- เผยแพร่เมื่อ 20 มิ.ย. 2024
- Episode #971
Support Today’s Show Sponsor, Rent App: The Free and Easy Way to Collect Rent: rent.app/landlord
Episode Show Notes: link.chtbl.com/BPRE
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
New to Investing? Grab Dave’s Latest Book, “Start with Strategy”:
store.biggerpockets.com/produ...
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
See Dave at BPCON2024 in Cancun!
www.biggerpockets.com/events?...
BiggerNews: Why Low Mortgage Rates Can’t Solve Our Affordability Crisis:
www.biggerpockets.com/blog/re...
Connect with Dave on BiggerPockets:
www.biggerpockets.com/users/d...
We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if ever so slightly? We brought Redfin Chief Economist Daryl Fairweather on this BiggerNews episode to get her team’s latest 2024 housing market predictions.
First, Daryl explains how our stubbornly strong economy put the Federal Reserve in a challenging position and whether or not we could hit the magic two-percent inflation rate goal. Will buyers ever get a break in this tough housing market, and could lower interest rates improve things? Daryl shares what she thinks will happen once the Fed finally cuts rates, how low rates could go, and whether or not this will heat home prices up yet again.
Some “unusual demand” may come late this year for housing, but will agents, brokers, and sellers see the traditionally hot summer season they’ve been waiting for? We’re answering all these questions and more with this housing market data leader on this BiggerNews episode!
00:00 Intro
01:38 A Stubbornly Strong Economy
07:03 Housing Is STILL Hot?
13:23 Mortgage Rate Prediction
18:29 Will Inflation Fall?
20:56 2024 Predictions
23:53 An Opportunity for Investors
![พาแม่บินครั้งแรก..เกือบวูบ! ให้เกาหลีเยียวยาใจ I Korea Ep.1 [Seoul] x อุงเอิง](http://i.ytimg.com/vi/waL3__dEQBU/mqdefault.jpg)
The economy IS strugling. If you look at the data the amount of FULL TIME jobs has stayed stagnant. What you are seeing is people picking up multiple low wage part time jobs to survive.
And, the temporary jobs created by the government to address the influx of people choosing the southern border are also included in this bogus number
This episode was NOT it. I’m tired of the government and now this podcast saying the economy is doing well. It’s. Not.
that's good for you then you can bet against it and make all the $ before everyone else
When cars are close to house payments, when houses are not affordable and justifying Un-affordability with “it’s a one time payment” tells us how disconnected these people are. The hurt is here and more is coming with a vengeance because no one can afford what they are buying. The rich are getting richer, though, that’s for sure!
Meanwhile, the government is trying to convince us that everything is great.
What keeps you poor is buying stuff you can’t afford 🤷🏻♂️
Fell behind on the last two weeks of Bigger Pockets and Rookie Podcast and what a fantastic time I had catching up! 🙌
Mixed signals? The FED has been extremely consistent in what they have been saying. "IF" inflation gets to 2% then they will bring rates down. Simple as that.
2:15… strong, economic growth isn’t what causes inflation, I don’t think …it’s the opposite strong economic growth creates competition and drives prices down, the price increases are due to fed and government policy
The rate of inflation is down, but it's cummulative effect persists as higher prices. Meanwhiles wages stayed the same. People are effectively poorer today than they were pre 2020.
Who is this lady? Smart and articulate and relatable. Great guest
Thank you for your research. I find your videos are well done. Right now I'm keeping an eye on Unimantic.
Good video
The economy is losing Full time positions but part time positions are rising. Thats not a thriving economy.
good
The economy is doing just fine, I see everyone around me has a better job and more money
0% interest credit cards can make anyone an overnight millionaire.
Trillions of debt is not going to support 5%+ interest rate
5-6% when a home is $150k is a lot different than 5-6% when a home is $450k
My airbnb rents have plummeted… worse year in a decade. A traditional local vacation destination. Home in major city easily getting rented monthly with competitive rate.
Aw, poor guy. Some families are homeless because of people like you 😆
anti business? no it's because regulators have not allowed enough supply. if there is demand for any legal products or service and smart economy fills it then works on any unintended consequences@@stevenap4594
What about the statistics that 20% of new jobs are government jobs? This is not sustainable.
Wow, stating that inflation is a psychological effect is crazy out of touch. Ppl aren’t imagining inflation it’s real and ppl are STRUGGLING just with buying groceries.
Well when we add millions of people to the economy of course there are going to be more buyers
I understand the locked in effect. However, the price point is the main factor stopping buyers. For example, in Miami we have at least 30% inflated pricing. The rates is not the barrier, price point is.
That's why inventory is growing in Florida. People will have to start dropping their prices if they want to sell. Many more homes on the market.
She is so attractive, intelligent, and charismatic 🙌🏾👏🏿🇸🇪❤️🐐🇺🇦🙏👍❤️🌹🇯🇵
REDFIN IS LIKE THE NATIONAL WEATHER SERVICE
Every year "we're going to have 386 hurricanes hit Florida". Redfin always notes, "Things aren't that bad" when the market is crashing.
“Economists”
She was in diapers during the 2008 crash.
@@LazlazorYeah, because it's not as though she could read a book about it, or listen to newscasts and lectures, or talk to people who went through it....
@@jamilynn322 lets see how this video ages in 6-8 months
@@jamilynn322clearly shes not smart enough to just read a book on what happened in 2008 and understand that time period
We these kind of economists we are doomed!
Hahahha😂. This lady is saying the economy is great! It's not until you try to purchase anything or take a loan that people feel how bad the economy is. If you ignore that, it's great! 😅
This is Redfin chief economist? She speaks like a 29 year old ticktock blogger😅
Did she just say buyers are still outnumbering sellers when home sales are at 3 decade lows? 😂
Am I in a coma?
Yes.
And yes.