Wealthion - Be Financially Resilient cover image

Wealthion - Be Financially Resilient

Housing Market Set For A "Cat 5" Storm, Worse Than The Great Financial Crisis | Melody Wright

Sep 12, 2023
Melody Wright, real estate market analyst, discusses the severity of the upcoming storm in the US real estate market, drawing comparisons to the Great Financial Crisis. They explore issues of excessive inventory, lack of affordable housing, deceptive practices in the market, and the role of institutional buyers and government-sponsored enterprises. The guest emphasizes the importance of informed decisions in the housing market.
01:06:04

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The US real estate market is experiencing mixed signals, with higher home prices, fluctuating builder confidence, and declining existing home sales.
  • Deceptive marketing practices and speculative construction contribute to a distorted view of the market, concealing inventory and affordability issues.

Deep dives

Assessment of US real estate market

The US real estate market is currently in a complex and confusing state. With various metrics providing mixed signals, it is difficult to determine the true condition of the market. Home prices may appear higher due to limited transactions involving higher-priced homes, creating a rosier outlook. However, builder confidence may be fluctuating, and existing home sales may be declining. The path of the market is worrisome, as there is excessive inventory but lack of affordable options. Many newly built homes are priced beyond the reach of ordinary Americans, leading to structural issues in the market.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner