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Masters in Business

At the Money: The Best Way to Buy a House

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 4 September 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Buying a house in today's climate can be challenging. Interest rates are near the highest level in 20 years. Housing inventory is near record lows. So what's a potential home buyer to do? Jonathan Miller, President of Miller Samuel, joins Barry Ritholtz to discuss the best approach for purchasing a home today.

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Transcript

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0:00.0

Join us in Los Angeles or virtually on October 8th for Bloomberg's business value of AI event and networking reception.

0:06.7

This event will gather business and technology executives to share their experiences and provide insight into their strategies for deploying AI that

0:14.0

achieves a desirable ROI.

0:16.2

You'll also learn how companies have successfully implemented AI solutions that have improved productivity

0:20.9

and profitability.

0:22.4

This program is proudly sponsored by IBM.

0:25.0

Register at Bloomberg Live.com slash AI slash radio.

0:29.0

Has there ever been a worse time to buy a house in America?

0:35.0

Inventory is at record lows.

0:37.0

Competition has been intense.

0:39.0

Home purchases are the most expensive they've been relative to renting in a couple of generations.

0:47.0

In the face of this mess, what's a potential homebuyer to do. A house is a very, very, very fine house.

0:58.0

As it turns out, there are some ways you can make the process of buying a home better or at least less bad.

1:05.0

I'm Barry Ritaltz and on today's edition of At The Money,

1:09.0

we're going to discuss how to buy a home in today's market.

1:15.0

Let's bring in Jonathan Miller of real estate appraisal and data firm Miller Samuel.

1:20.5

For the past 37 years, Jonathan Miller's monthly and quarterly housing sales data and rental reports are must read in the industry and have made him the most quoted man in real estate.

1:34.2

Jonathan Miller, welcome to at the money.

1:36.6

Let's just jump in to the first question,

1:40.0

how challenging is it to buy a house today?

1:44.0

It's incredibly difficult.

1:47.0

Homebuyers, not only prices haven't really come down

...

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