About this episode
Are we finally at the end stages of this harsh housing market? With housing inventory increasing, mortgage rates steadily falling, and inflation cooling, we might be returning to a much healthier time to buy a house . But one of these improvements we’ve seen over the past year could begin reversing, and that’s creating some interesting future scenarios. One that even we’re surprised to hear as we bring on top housing market analyst Logan Mohtashami . Logan has referred to 2022-2023’s housing market as “savagely unhealthy,” but he’s a bit more optimistic now that we’re seeing relief. While we’re still not at 2019 inventory levels (which were already low), we’re slowly getting there. However, we could see the positive inventory trend start to reverse, leading to even more affordability problems for homebuyers. So what has to happen for affordability to see meaningful improvement? Today, Logan is giving us his take on housing inventory , where mortgage rates could be heading, and why we may NOT see a spike in home prices even if rates fall significantly (something most analysts are bullish on). In This Episode We Cover Logan’s housing market, mortgage rate, and inventory forecast Why our increasing housing inventory could reverse once rates start to fall The one thing holding affordability back and whether Logan has hopes of it improving Why watching the labor market and jobs numbers will help you predict mortgage rates Were we wrong about the “lower rates = higher home prices” premise? And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders Dave's BiggerPockets Profile On The Market 86 - Here’s What Will Cause Mortgage Rates to Finally Fall w/Logan Mohtashami Learn More from Logan Know the Ins-and-Outs of Real Estate with “Real Estate by the Numbers” Jump to topic: 00:00 Intro 00:58 The "Baby Pivot" Stage 04:33 The Home Sales Recession 07:36 Housing Inventory Update 14:17 Rates Will Decline MORE If... 18:47 Mortgage Rate Forecast 23:35 When Will Affordability Improve? 27:53 Biggest Takeaways Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-282 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com . Learn more about your ad choices. Visit megaphone.fm/adchoices