The Savagely Unhealthy Housing Market is Back?!
Unveiling another shocking week in the housing market. We’ve hit another record low in the number of homes for sale, and we’re here to dive deep into the data. With transparent, honest updates, we’re analyzing the current state of the market and the factors behind these trends.
From Redfin’s recent findings to a look at the historical data, we’re providing a comprehensive perspective on the dramatic changes in home prices, mortgage rates, and existing home sales.
0:00 – TheREsource.tv with Ryan Hills
0:25 – We saw another record low in the number of homes for sale per Redfin.com
0:43 – There were 2.2 million homes for sale in 2019 pre-pandemic, which has been a historic norm for the real estate industry.
0:55 – But Redfin also stated the pool of homes for sale is shrinking because homeowners feel trapped by rising mortgage rates, which resulted in listeners being down 25%.
1:17 – The Savagely Unhealthy Housing Market is Back!
1:32 – Housing Wire’s Housing Analyst, Logan Mohtashami also found that existing home sales are near 21st century lows!
2:00 – This graph goes back to 1984 and really tells the story over the past 40 years, really never fully recovering from the great Recession hit.
2:41 – This too shall pass, but it may not be until next year.
⭐ JOIN OUR COMMUNITY ⭐
Get the hottest and most up to date info in the Real Estate and lending industry!
Click the link to subscribe today ➡️ https://theREsource.tv/?utm_source=ytd
🔔 Access all the exclusive content from the REsource.tv, sign up for FREE: https://www.TheREsource.tv/?source=ytd
Connect with us on our social media platforms and join thousands of fans:
📘 Facebook: http://www.Facebook.com/TheREsource.tv
🐦 Twitter: https://twitter.com/theresourcetv
📸 Instagram: https://www.instagram.com/theresourcetv
🎧 Stay updated even on the go! Download our insightful mortgage and real estate podcast: https://www.theREsource.tv/podcast