999: BiggerNews: The Market Bets on Mortgage Rates Falling, More Homes for Sale w/Realtor.com's Ralph McLaughlin

Aug 2, 2024

Ralph McLaughlin, a Senior Economist at Realtor.com, shares his expert insights on the evolving housing market. He predicts falling mortgage rates this year and into 2025, alongside rising housing inventory, a combination that could reshape home prices. Ralph discusses the markets with the most and least inventory, why current price cuts haven't led to falling prices, and strategies for investors to find hidden opportunities. His active role as an investor enriches the conversation, providing listeners with valuable insights into market dynamics and future trends.

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Intro

00:00 • 2min

Mortgage Rates and Market Dynamics

01:36 • 7min

Navigating Housing Challenges and Investment Opportunities

09:06 • 4min

Housing Market Dynamics: Inventory and Stability

12:48 • 17min

Navigating the Real Estate Market: Strategies for Investors

29:35 • 3min

Navigating Today's Real Estate Investment Landscape

32:40 • 5min

Understanding Real Estate Strategies and Resources for Success

37:30 • 3min

Mortgage rates are set to fall this year and well into 2025, all while housing inventory steadily increases. We’re in the best housing inventory position since before the pandemic, so the question is: what happens next? Rising inventory could result in more homes on the market and, in theory, less competition, so lower prices. But, with rates coming down, home prices might go back up with more borrowers entering the market. We’ve got a lot of questions, but thankfully, Senior Economist at Realtor.com Ralph McLaughlin has the answers.

Ralph doesn’t just study the housing market; he actively participates in it as an investor. He’s on this BiggerNews episode to discuss the state of mortgage rates, when we should expect them to start falling, home price updates, housing inventory, and opportunities for investors that most homebuyers will miss.

We’ll discuss the real estate markets with the most and least housing inventory, why price cuts are rising, but home prices aren’t falling, the best markets for investors to take advantage of during the rate-to-price “delay,” and which homes are selling the fastest. If you want to get ahead of the curve and take advantage of hot markets with opportunities that (probably) won’t last, now is the time!

In This Episode We Cover

Mortgage rate predictions and when we could see 2024’s first rate cut

Housing inventory’s huge comeback and why prices aren’t falling

Real estate markets seeing the most/least amount of homes for sale

The rise in seller price cuts, but why this ISN’T leading to lower home prices

Hot markets with HUGE opportunities that investors must take advantage of before rates fall

And So Much More!

(00:00) Intro

(01:19) Lower Mortgage Rates On the Way

(06:21) Inventory Hits Recent High

(13:28) Markets with Most/Least Inventory

(15:53) Price Cuts Rise, But…

(17:33) Best Markets for Investors

(20:52) Which Homes Are Selling?

(23:04) Little Houses, Big Demand?

(26:25) What Investors MUST Know

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-999

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