Why You Will REGRET Buying a House in 2024's Housing Market | 1309

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 4 July 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this insightful episode, we embark on a comprehensive exploration of the current U.S. housing market landscape. We start by dissecting the unprecedented surge in home prices, unpacking the factors driving this rapid escalation. From supply chain disruptions to changing consumer preferences and low mortgage rates, each element plays a pivotal role in shaping the market dynamics. We then pivot to the challenges faced by new homebuyers amidst this price surge. With affordability becoming a significant concern, we examine the strategies and financial maneuvers employed by large investment firms that have increasingly entered the housing sector. How are these institutional players impacting market accessibility and pricing trends? For small investors and first-time buyers, the episode offers a critical examination of the risks and opportunities involved. From navigating competitive bidding wars to leveraging evolving market fundamentals, listeners will gain practical insights into making informed decisions in today's volatile housing environment. Finally, we address the fundamental demand-supply imbalance that continues to define the housing market. As demand outpaces available inventory, what does this mean for future investment opportunities and housing policy considerations? Join us as we navigate through the complexities and uncover the insights that could shape your approach to real estate investment and homeownership. P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/ Sponsor: Baselane - Banking Built for Real Estate Investors Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:05.0	Hey, strap in.
0:07.0	It's time for the epic real estate investing show.
0:10.0	You'll be your guides as we navigate the housing market,
0:12.7	the landscape of creative financing strategies
0:15.3	and everything you need to swap that office chair for a beach chair.
0:18.8	If you're looking for some one-on-one help,
0:21.2	meet us at re IAS.com. Let's go, let's go.
0:28.2	The housing market is warping the economy to the likes we've never seen. Home prices jumped 1.2% in April from March.
0:36.0	Recent statistics reveal a staggering 50% surge in home prices since 2019,
0:41.7	eerily similar to the heights of the 2000's housing bubble.
0:44.5	Cheap mortgages are forcing millions of US home or is just to stay put,
0:48.5	and that is becoming a problem, well beyond the housing market.
0:52.6	For new homebuyers, it's a crisis.
0:54.9	As this rapid escalation has left many prospective buyers gripped
0:58.5	with anxiety, fearing they might be stepping
1:01.3	into a financial trap. For owners, it's a windfall as rising
1:05.6	housing prices have pretty much every typical family homeowner watching their
1:09.7	wealth surge in recent years, grateful that they bought when they did, but for everyone else, it's a warning.
1:16.0	Homes are as overvalued as they were near the peak of the 2000's bubble,
1:20.0	according to a variety of metrics, including a Federal Reserve model.
1:23.6	The Fed isn't alone in this opinion, though.
	...

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