On The Market cover image

On The Market

150: Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall w/Orphe Divounguy

Oct 16, 2023
43:42

Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean.

Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago.

We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market.

In This Episode We Cover:

The one thing that could cause mortgage rates to fall (and the danger behind it)

Zillow’s recession forecast and why US economic growth might be impossible to stop

Higher home prices and how the supply lag has kept prices near all-time-highs 

Rent growth and which types of real estate are already seeing a return to normal

The most affordable, underrated real estate investing market that won’t last long

Where Orphe is investing in real estate and his advice for getting started

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

Kathy's BiggerPockets Profile

Kathy's Instagram

Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb

Rate-Locked Homeowners Nearly Twice as Likely to Not Consider Selling

Connect with Orphe:

Orphe's LinkedIn

Orphe's Research


Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-150

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode