2177: Unlocking the Housing Market: Understanding the Mortgage Rate Impact | Jason at the Rebel Capitalist Live Conference Part 2
Manage episode 427042899 series 3563509
Today Jason finishes his talk at the Rebel Capitalist Live Conference. He explains how the rise in interest rates has led to only 8-9 million home transactions out of 140 million units, leaving 131 million homeowners with low 3% mortgages. These homeowners are not selling, causing a market freeze. Hartman predicts that the market will slowly unlock as more transactions occur, with the "lock-in" effect diminishing by about 4 million units a year. Despite predictions from Fannie Mae, Hartman believes mortgage rates won't drop significantly until next year. The low inventory and high buyer demand will keep the housing market tight, preventing a crash similar to the Great Recession.
#RealEstate #HousingMarket #MortgageRates #Homeownership #InterestRates #PropertyMarket #HousingInventory #RealEstateInvestment #MarketTrends #Homebuyers #PropertySales #HousingCrisis #RealEstateTrends #MortgageLockIn #HousingEconomics #MarketAnalysis
Key Takeaways:
1:34 Guess where Jason is in Germany on a rainy day
2:35 Housing inventory is increasing slowly and the most expensive rental market in the world
6:05 Join our Zoom Masterclass every second Wednesday of every month JasonHartman.com/Wednesday
Jason at Rebel Capitalist Live part 2
6:21 National Payment-to-Income ratio
9:05 Housing inventory vs. size of the population
12:41 Buying power rate sensitivity and the lock-in effect
17:43 Going back in time
20:06 Recommended books; Delayed gratification and wealth creation
21:31 Join the The Collective Inner Circle Mastermind Yacht adventure
24:25 Inflation vs. Deflation
29:07 IDEAL
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