165 - URGENT MARKET UPDATE
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 8 March 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
David is back with a brand new housing market update… or is he? While the news and the data are refreshed for 2023, the message remains the same: NOW is the time to buy a home. Not later, not after the crash, not at the end of the year. NOW.
So, dive in with David as he drops some truth bombs about what you can expect as a first-time home buyer this year.
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This podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change how the real estate industry treats first-timers, one buyer at a time- starting with YOU!
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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.
Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | On Air Brands |
| 0:02.9 | Back in early 2022, January 27th, 2022, to be precise, I put out a podcast that started like this. |
| 0:13.4 | This is an emergency podcast. |
| 0:16.0 | For anyone who's been waiting to buy a home, this is your official warning. |
| 0:19.4 | Now is the time. |
| 0:21.9 | Not the end of the year, |
| 0:29.5 | not after the crash, which won't be happening, and not even at the end of your lease. Now, |
| 0:37.4 | if you have the means, now is the time to buy a home. That was the message back in January 27th, 2022. Well, now it's the end of February, |
| 0:41.2 | early March, 2023, and I'm saying the same thing again. Let's talk about it. |
| 0:48.9 | I'm What's happened to my How to Buy a Homies if you're new to the podcast, that phrase might not sound familiar to you, but if you're a homie, then you've heard |
| 1:12.9 | me say that every time. And it's also deja vu as you dive into an episode that sounds |
| 1:20.1 | eerily familiar. Time for me to drop another truth bomb of knowledge into your ear holes. |
| 1:29.7 | And like I said, |
| 1:34.2 | if this feels familiar, it's because we've been here before, gang. That was the opening from January 2022 and it's just as perfect for today. History repeats itself and thanks to the |
| 1:41.3 | one and only important factor when it comes to the current real estate market, |
| 1:46.7 | inventory, that's right. That's the only thing that matters. And thanks to inventory, |
| 1:53.0 | all the data that we're going on is the same. And it's all the same because of that pesky inventory, |
| 1:59.0 | its basic supply and demand, combined with the typical seasonal surge |
| 2:04.2 | in home buying activity that happens every year from end of February all the way through July. |
| 2:11.1 | That means we're going to have more buyers and less homes. |
| 2:15.3 | So that's a typical supply and demand. |
| 2:18.0 | Now you add the inventory shortage, and during this period, we are going to have far |
... |
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