HousingWire Lead Analyst's Shocking Prediction for 2024 Housing | Knowledge Brokers 057

HousingWire Lead Analyst Logan Mohtashami joins Byron Lazine and Lisa Chinatti to discuss the 10-year Treasury Yield (above the Gandalf line), whether we should expect a 5% mortgage rate in 2024, how to respond to questions about mortgage rates, what Logan would have asked Jerome Powell at the latest press release, owner’s equivalent rent, Logan’s take on the “silver tsunami,” the Ketchmark vs Lamacchia debate, and recession signals to watch for. 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/ Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1 Join the 5AM Call: https://5amcall.com/ Resources: https://www.housingwire.com/articles/why-fewer-homes-are-taking-a-price-cut-even-while-inventory-rises/ Timestamps: 00:00–01:06 Intro 01:06 The 10-yr has passed the Gandalf line 02:11 Should agents expect the 30-yr fixed to hit 5% in 2024? 04:55 How do we get to 5% mortgage rates? 07:56 How to respond to consumers who ask about mortgage rates? 12:30 “Housing is the cost of shelter to your own capacity to own the debt.” 16:51 Housing price index & renting vs buying 20:34 Owner’s equivalent rent 23:53 Jerome Powell’s latest press conference: What Logan M would ask 31:22 What Logan would ask Congress? 40:32 The “silver tsunami” is trash…. 43:03 Could anything create a surplus of homes in 10-15 years…? 50:50 Logan’s take on the Ketchmark vs Lamacchia debate 54:48 Advice for agents on talking to people about housing inventory 01:00:45 Recession signals to watch for ——— Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/ Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/ Connect with Logan Mohtashami: https://www.instagram.com/logan_mohtashami/ ——— BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers. Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka. Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Check out BAM: https://nowbam.com/ ——— BAM PARTNERS 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners ——— #housingwire #loganmohtashami #realestatepodcast