Housing inventory levels continue to drop. In fact, in February, they were back down to 970,000. That's not a lot of housing available for a country with 330 million people. And, as interest rates drop, the number of people who can afford to buy a home increases by the millions. What does this mean? I take it to mean that we are experiencing a lull in home purchasing. But, if inflation continues to regress, mortgage rates will likely do the same. And that could mean by summer, we'll find ourselves in another buying frenzy. Right now we are in a sweet spot for investing opportunities where competition from retail buyers is down. Our guest today, one of RealWealth's preferred lenders, is going to share what he's seeing investors doing and what he believes will happen this year with the housing market and mortgage rates.
Richard Advani is a mortgage lender and real estate investor based out of Southern California at
GuaranteedRate.com. He has been in the mortgage industry for over 16 years and specializes in working with real estate investors, including our own Real Wealth investors. He also owns almost 20 rental properties in markets across the country. If you’re a car racing fan, you may have seen him on the track. Richard is a professional race car driver with the Formula Drift organization. For more about financing your investment properties. Check out Richard’s recent RealWealth webinar under the Learn tab at our website at
realwealthshow.com. He’ll also be attending our
free live event on February 11th. You’ll hear from 11 property teams and one commercial broker about their markets and the inventory they have for investors. You can also sign up for that at our website and join for free to become a member. We hope to see you there!
Real Wealth Show: Real Estate Investing Podcast