Mortgage Rates, Recession, Inflation, Housing Shortage!
Multifamily units under construction are at an all time high since 1973!
Supply is on the way! …Or is it!?!
0:30 – Multifamily units under construction are at an all time high since 1973! But SFR units are actually down. 🏗 ⬆🏠⬇
0:45 – Household formations are on pace for 1.9 million this year, but builders are on pace to complete only 1.4 million homes, leaving a massive shortage in housing! 👨👩👧⚖🛠
1:19 – Housing and the economy are in this crazy, wild tug of war right now. ◀—🏴–▶ Are we in a recovery or headed towards a recession? Is inflation tamed? Or is it burning bright? ⁉
2:05 – Many expecting the next FED funds rate increase to be 0.5 versus the originally anticipated quarter point hike last week was reports. 💵
2:19 – Now, this has many people asking are 7% mortgage rates coming our way? 🤔🤨😯
Whether you’re a real estate broker or loan officer, this video is a must-watch!
