One Rental At A Time podcast

Housing Market Goes Full Buyers Market

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21:36
Manda indietro di 15 secondi
Manda avanti di 15 secondi

In this episode, the host discusses the shift in the housing market towards a buyer's market, focusing on key indicators such as inventory levels and price changes. The discussion includes a detailed analysis of Manhattan's housing market, insights from Altos Research, and updates from notable figures like Jerome Powell and Barry Sternlicht. Listeners will gain a deeper understanding of the current housing market dynamics and what it means for buyers and sellers.

[00:00] Introduction and overview of the topics including the JOLTS report, inventory updates from Altos Research, and insights from Jerome Powell's speech in Europe.

[00:51] Discussion on Manhattan's housing market, highlighting the shift to a buyer's market with inventory levels above the ten-year average and 9.8 months of supply.

[02:50] Analysis of average and median prices in Manhattan, showing a 3% decline in average prices and a 2% decline in median prices.

[03:59] Examination of the luxury market in Manhattan, with inventory up 22% and prices down 11%, highlighting the bifurcated market dynamics.

[05:38] Insight into the high percentage of cash transactions (62%) in Manhattan and the impact of this trend on the market.

[07:02] Importance of understanding your buy box, inventory levels, and market trends to find and create great deals in the slowing market.

[08:48] Upcoming events and sessions for the community, including live streams and special classes on creative financing and the economy.

[10:16] Discussion on Altos Research data, indicating that new listing data has peaked and the impact of wish pricing on active inventory.

[11:41] Analysis of a significant discount on an LA office tower, discussing the implications for lenders and the commercial real estate market.

[13:09] Encouragement for home builders to construct smaller homes, with data showing a decrease in the size of newly constructed homes.

[14:39] Insights from Jerome Powell's speech in Europe and its implications for future rate cuts, with a 70% chance of a cut in September.

[17:14] Discussion on Barry Sternlicht selling a portfolio of multifamily properties to Brookfield for $1.6 billion, and what this indicates about the multifamily market.

[19:18] Preview of the upcoming jobs reports, including the JOLTS report, ADP report, and the Bureau of Labor Statistics report, with insights into job market trends.

  • Altos Research: Weekly data on housing market trends.
  • Logan Mohtashami: Housing market insights.
  • Bureau of Labor Statistics: Upcoming jobs report.
  • Life Goal Investments: Find more insights from Taylor at https://lifegoalinvestments.com.

These show notes provide a comprehensive overview of the episode, highlighting the main discussion points and offering easy access to mentioned resources.



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