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How to Buy a Home: The #1 First Time Home Buyer Podcast

157 - One Factor To Rule Them All: Let’s Talk Inventory

How to Buy a Home: The #1 First Time Home Buyer Podcast

David Sidoni

Education, News, Business News, Investing, Business, How To

4.8891 Ratings

🗓️ 25 January 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

David Sidoni is back for part three in his 2023 housing predictions series. What’s on the menu for this episode? INVENTORY. Jump in and listen to David as he discusses how construction, prices, and supply & demand are all playing a role in this year’s outlook. Expert opinions, hard data, surveys… it’s all there and David leaves no stone unturned.



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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.


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Resources Mentioned:

https://www.usatoday.com/story/money/personalfinance/real-estate/2022/12/15/housing-market-six-experts-2023-real-estate-industry/10881757002/ 

 

https://www.redfin.com/news/housing-market-predictions-2023/ 

 https://www.realtor.com/news/trends/2023-the-year-of-the-homebuyer-our-bold-predictions-on-home-prices-mortgage-rates-and-more/ 

 

https://www.inman.com/2022/12/28/the-2023-housing-market-a-real-estate-reckoning-is-at-hand/ 

 

https://www.bankrate.com/real-estate/housing-market-predictions-2023/ 

Transcript

Click on a timestamp to play from that location

0:00.0

On Air Brands.

0:04.6

Forecasting. How does anybody predict where the housing market's going to go?

0:08.5

Well, not too easily. And definitely not in a 30-second video blurb.

0:14.1

This is intricate and complicated stuff. And to be brutally honest, you shouldn't be thinking

0:19.5

about what's going to be happening in the market

0:21.8

anyway. You should be saving and planning and trying to dump your rent as soon as you can,

0:27.7

no matter what the market's going to do, because eventually it's still going to work out for you

0:33.2

no matter what happens in the market. But since this is the third in my three-part series so far,

0:40.2

on the 2023 housing forecast and predictions, I guess I've got to keep going with our next topics.

0:46.6

Let's go.

1:06.2

Music Homies, what is happening?

1:10.6

I am David Sedone, and this is part three of the 2023 housing forecast and prediction series.

1:13.5

Now, so far, we've covered rent and mortgage interest rates, and today we're going to dive

1:18.6

into topics number three, four, and five.

1:21.6

We're going to hit inventory, affordability, and housing sales.

1:26.4

Let's jump in, dive in, and swim around in the facts and figures

1:30.2

and the data and all the economic gooiness. Topic number three is inventory. This, my friends,

1:37.8

is the leading indicator fact, data source, and the straight up reason that no matter how crappy, everything else gets,

1:46.8

I'm talking inflation, mortgage rates, the economy, no matter what's going on, if there is a

1:53.7

crash that happens sometime soon, inventory is the one factor that is shaping everything that's going on with the housing market right now.

2:03.7

I understand. Markets go up and markets go down. And yes, we've been going up for a long time and this

2:09.0

market is going to go down and it should go down again at some point. But because of this inventory fact,

...

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