440: When’s the Crash? 2023-2024 Housing Forecast with Rick Sharga
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 13 March 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Housing intelligence analyst Rick Sharga joins us.
Learn about: plummeting home sales, delinquency and foreclosure rates, future home prices, interest rate direction, housing demographics, builder incentives to buyers, lender repossessions, and homeowner equity levels.
I ask Rick: “Is a home price crash imminent?”
70% of mortgage borrowers have an interest rate of 4% or lower. They’re rarely motivated sellers.
America should have a housing shortage for at least 5 to 10 more years.
FHA borrowers are exhibiting financial distress. Overall, delinquency and foreclosure rates are low.
We discuss recession prospects, and what will happen when student loans must be repaid.
Home prices are stable or should increase modestly in many areas of the Midwest and Southeast.
Home price declines should continue in: many western US areas, high-end homes, and Zoomtowns. They could correct 10% in California.
Today, you can get mortgage rates in the 5s on new-build income property.
How? With builder incentives for buyers, especially in Florida, at GREmarketplace.com. Want free coaching? GREmarketplace.com/Coach
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold talking with a housing intelligence expert today about any delinquency or foreclosure scares, mortgage rates, the future direction of home prices. Is there any chance of a price crash? Just how long will America have this undersupplied housing condition and lots more today on Get Rich Education. |
| 0:26.1 | With JWB Real Estate Capital, Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years. |
| 0:34.4 | It's proven to be a more stable asset, especially during recessions. |
| 0:38.5 | Their vertically integrated strategy has led to 79% more home price appreciation compared to |
| 0:44.1 | the average Jacksonville investors since 2013. |
| 0:48.0 | JWB is ready to help your money make money and to make it easy for everyday investors. |
| 0:53.1 | Get started at jwb real estate.com |
| 0:56.7 | slash gRE. That's jwb real estate.com slash gRE. |
| 1:04.6 | You're listening to the show that has created more financial freedom than nearly any show in |
| 1:10.5 | the world. |
| 1:12.0 | This is Get Rich Education. |
| 1:32.6 | Hey, welcome to GRE from Pittsfield, Massachusetts to Pittsburgh, Pennsylvania, and across 188 nations worldwide. |
| 1:34.4 | I'm Keith Weinhold, and this is Get Rich Education. |
| 1:38.2 | How Real Wealth is built in the real world with real estate. |
| 1:42.5 | Did you know that GRE listeners, perhaps including you, have been adding rental property |
| 1:48.7 | to your portfolio these past few months and you're getting mortgage rates in the fives. |
| 1:54.9 | And this is on brand new construction properties because the builders are giving you these rate buy down incentives. |
| 2:03.9 | Yeah, you're currently buying down your rate into the fives fixed and at times even the fours on |
| 2:12.6 | an adjustable rate mortgage. Now, if you happen to be a new listener and you're also new to real estate content |
| 2:20.5 | and you've only listened to GRE for a month, then just keep listening. It's a good time to do some more |
| 2:26.7 | learning before you act at all, most likely. But if you've been around the real estate world for a while, |
| 2:33.4 | this is potentially an |
... |
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