The TreppWire Podcast: A Commercial Real Estate Show 304. Housing Market Reality Check with MacroEdge: Inventory, Affordability & Demographics
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Jan 28, 2025 In this discussion, Melody Wright, Owner of Haringa and mortgage strategy expert, shares her insights on the housing market. She examines the disconnect between the narrative of housing shortages and actual market conditions, highlighting rising inventory and affordability challenges. The conversation tackles the barriers to homeownership, including high mortgage rates and the lack of affordable housing options. Wright also explores demographic shifts, consumer preferences, and the complexities of new home construction in today’s economy.
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Accidental Entry into Mortgage
- Melody Wright accidentally entered the mortgage industry in 2006.
- She experienced the 2008 financial crisis firsthand at GMAC, managing defaults and foreclosures.
Bifurcated Housing Market
- The housing market might be bifurcated, with excess inventory at higher price points.
- This creates an affordability crisis, despite overall inventory numbers.
Challenging the Housing Shortage
- Melody Wright challenges the housing shortage narrative based on demographics, new construction, and existing inventory.
- Factors like boomers retiring, vacant properties, and Wall Street investment contribute to a different market reality.