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BAM Hot Sheet
Compass CEO’s Outlook on Housing | Hot Sheet 01/23/24
Jan 23, 2024
In this episode, Byron Lazine discusses Lance Lambert's House Price Tracker, Compass CEO Robert Reffkin's outlook on the 2024 housing market, and mortgage loans in forbearance. They analyze housing market performance across US cities, discuss the state of the housing market including sales, inventory, and demand, provide insights on current housing market and buyer activity, and talk about the effect of forbearance on the housing market.
25:11
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Quick takeaways
- Certain markets are experiencing significant home price growth due to lack of inventory, while others are in correction mode conditions.
- The 2024 housing market is showing positive signs with more inventory, realistic pricing, increased buyer interest even during the holiday season, and a decrease in mortgage loans in forbearance.
Deep dives
Lance Lambert's House Price Tracker
According to Lance Lambert's House Price Tracker, there has been significant home price growth in certain markets like the Northeast and Midwest due to a lack of inventory, while areas like Texas, Louisiana, and Mississippi continue to contend with correction mode conditions. The tracker reveals that home prices are projected to increase by about three or four percentage points.
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