Ep. 65 - June Lending Update: Unraveling Real Estate Market Myths
Things are getting hot in the housing market! Is it good or bad? Here to dive into the data with us is Daniel Halverson. Addressing the buzz of a housing bubble, we'll reveal how soaring home prices outstrip their 2022 peak, thanks to a bottleneck in inventory and unmoving sellers. Discover why owning a house matters now more than ever and how initiatives like Florida Housing Finance are democratizing homeownership. We decode the labyrinth of the rising rate environment and strategic maneuvers for potential buyers. Yes, rate hikes are looming, but Florida Housing Agency has sweetened the deal. Learn why banks are offloading assets, why investors favor 10-year treasuries over mortgage-backed securities, and how, against popular opinion, the real estate industry isn't just surviving—it's thriving.
All that and more, so jump in and let’s crack open this June’s lending update!
[00:01 - 06:06] Home prices continue to rise despite higher interest rates—examining the lock-in effect
[06:07 - 11:28] Home prices remain stable despite news of a housing bubble: takeaways for real estate agents and first-time home buyers
[11:29 - 18:45] How to navigate the market and hedge against interest rate changes
[18:46 - 26:02] Good news on inflation as the CPI drops below 5%, core CPI sees a decrease, and wage inflation falls slowly
[26:03 - 32:25] A flood of 10-year treasury bonds is impacting mortgage rates: is the market pricing it in?
[32:26 - 37:54] Take advantage of the good in the market—the data proves the news is trying to fool you
Quotes:
“It's pretty wild that we still continue to hear about home prices and the market and challenges, and I think that it really just points to what we've been talking about for a while.”
"It's been a little bit challenging, I'd say, over the last 90 days because I think a lot of what we still anticipate is going to happen [in the housing market] just hasn't quite happened yet."
"Don't let the news fool you. Don't let the Debbie Downers fool you. Take advantage of what the game gives you right now, and there's a lot of good going on." - Quinton Harris
Resources Mentioned:
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