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The State of the Housing Market With ResiClub's Lance Lambert
Nov 22, 2023
Lance Lambert, Resi Club's expert, discusses the unconventional housing market, regional variations in the housing market, affordability challenges, differing opinions on housing supply and shortage, factors driving housing prices, and a major court ruling on collusion among realtors.
51:01
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Quick takeaways
- The housing market has seen a deterioration in affordability, reaching its lowest levels since the mid-80s, due to factors such as historic price overheating and rapid mortgage rate increases.
- Regional variations within the housing market have led to price corrections in high-demand areas like San Francisco and Seattle, while markets in the Northeast and Midwest, such as Hartford, Connecticut, have continued to experience price appreciation.
Deep dives
Housing Market Overview
The podcast episode delves into the state of the housing market, particularly in the residential sector, and explores the effects of the COVID-19 pandemic. It covers topics such as affordability, supply, and regional variations across the United States. The interview with housing expert Lance Lambert provides insights into the market trends and the impact of low interest rates on housing demand. The discussion also touches on specific geographical areas, including Austin and Seattle, and highlights the importance of understanding regional data and absorption rates in analyzing housing market dynamics.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode