So Money with Farnoosh Torabi
1697: Are We In a Real Estate Bubble? Housing Trends, Forecast and Advice for Buyers
Jul 17, 2024
Guest Daryl Fairweather discusses the challenges of the frozen housing market, changing narratives around renting, racial disparities in housing affordability, challenges and trends in the housing market, and the impact of new laws on broker commissions and real estate transactions.
29:33
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Quick takeaways
- Limited housing supply and rising prices challenge first-time homebuyers.
- Local opposition affects affordable housing availability; state initiatives aim to increase density and affordability.
Deep dives
Challenges in Today's Housing Market
The current housing market is described as frozen due to a lack of housing supply, rising interest rates, and increasing prices. Existing homeowners are reluctant to sell, limiting the available inventory. First-time homebuyers are facing challenges as they must spend significantly more on homes than during the pandemic.
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