Hey friends! Join me as I chat with leading housing market analyst Lance Lambert about what's in store for 2024. Lance provides a compelling overview, analyzing tight resale supply and strained affordability - the key dynamics creating a tug-of-war in housing. We dig into rising mortgage rates, shrinking inventory, institutional buying trends, and more granular regional differences. You'll get valuable insights into builder performance, policy impacts, migration and household formation trends, and underbuilding in major metros. Lance also shares his thoughts on potential solutions like smart government policy, sustained construction growth, and loosening regressive regulations. Whether you're an agent, investor, or enthusiast, you'll gain a clearer understanding of market mechanics and future directions. Tune in to hear Lance's knowledgeable perspectives! Let me know your biggest takeaway in the comments.
In this episode, you will be able to:
Gain valuable insights into real estate market trends.
Understand the impact of housing shortage and affordability.
Explore the influence of institutional investors in the market.
Learn about demographic shifts and supply-demand imbalance.
Uncover the impact of inflation on real estate dynamics.
My special guest is Lance Lambert
Lance Lambert, the founder and CEO of Rezi Club, is recognized for his extensive expertise in real estate market analysis. With a sharp focus on delivering invaluable industry insights, Lance possesses a deep understanding of the complex factors that influence the real estate market. His comprehensive knowledge spans across crucial aspects such as inventory levels, mortgage rates, and the behavior of corporate investors. Lance's adept navigation of market trends and his ability to interpret data positions him as a highly regarded authority in the real estate industry. Professionals and enthusiasts alike benefit from Lance's astute observations, enabling them to gain a heightened understanding of the intricate real estate market dynamics.
The key moments in this episode are:
00:00:24 - Introduction and Real Estate Market Overview
00:07:12 - Current Market Trends and Predictions
00:09:47 - Mortgage Rates and Application Data
00:11:25 - Affordability and Seasonal Market Trends
00:12:53 - Guest's Background and Resi Club
00:14:22 - Passion for Real Estate Data
00:15:40 - Building a Media Business
00:16:47 - Leaving Corporate Media
00:21:01 - Emotional Aspect of Housing
00:24:43 - Institutional Investor Impact
00:28:34 - Tightened Lending Standards and Housing Market Crash
00:30:07 - Innovative Solutions for Housing Shortage
00:32:31 - Factors Contributing to Housing Shortage
00:35:36 - Government Policy and Housing Affordability
00:38:32 - Future of Housing Market
00:42:52 - Fed's Position on Rate Cuts
00:44:01 - Inflation and Job Market
00:46:58 - Fed's Monetary Policy Shift
00:49:19 - Real Estate Commission Lawsuits
00:54:04 - Future of Housing Market
00:56:20 - Upgrading to Pro Account
00:56:39 - Commendation for Lance
00:56:55 - Hope for the Future
00:57:02 - Holiday Wishes
The resources mentioned in this episode are:
Subscribe to the free daily newsletter Resi Club at resiclubanalytics.com for daily articles and insights on the real estate market.
Upgrade to Resi Club Pro for $150 a year to gain access to premium data, including the Lance Lambert house price tracker covering over 3000 counties, every metro and micro area in the country, and the house price inventory tracker covering 3000+ counties and 800 metros, updated monthly. This subscription also includes additional articles, rankings, and analysis.
Stay informed about the real estate market by reading the Resi Club newsletter and accessing premium data to make informed decisions in the industry.
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