115: How the Housing Market Could Correct WITHOUT Home Prices Falling w/Black Knight’s Andy Walden

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 19 June 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home prices could become affordable without any of us noticing. In fact, home prices don’t even have to fall for the housing market to enter into a mild correction. With affordability hitting lows that we haven’t seen since the seventies and eighties, what could save today’s home buyers from paying for one of the most expensive mortgage payments of all time? Something must be done. And thankfully, it might already be happening. If you want to know the truth behind silent housing corrections, market-abandoning buyers, and where we could be headed, you better ask Andy Walden from Black Knight. We brought Andy on the show to talk about everything from mortgage rates to unaffordability, delinquencies, foreclosure fears, and what can be done to help our home buyers. Andy spends all day, every day, playing with some of the most vital proprietary property data sets imaginable, and he has an answer to almost every question. In this episode, Andy speaks on the housing market correction that could happen without home prices falling, why more home buyers are leaving the market, how mortgage rates could fall without the Fed’s input, and what could cause delinquencies to finally rise. In This Episode We Cover The silent housing correction and what could cause affordability to rise Mortgage rate lock activity and why we’re hitting all-time lows for home buying Bond yields, mortgage spreads, and how rates could fall without the Fed intervening The housing inventory crisis that’s causing home prices to stagnate Delinquency forecasts and two big events that would put homeowners in a tight spot And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Grab the Latest Mortgage Monitor What Is a Housing Market Correction and How Does It Really Impact You? Connect with Andy: Work with Andy and His Team Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-115 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

Transcript

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