What 6.5% Rates Mean For Consumers | Knowledge Brokers Podcast 048

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the return to 6.50% mortgage rate quotes, how asking a single question can lead to unexpected opportunities, the drop in consumer inflation expectations, the DOJ’s attempt to reopen its case against NAR, and a new bill that would ban hedge funds from buying or owning single-family homes.

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Resources:

https://www.realestatenews.com/2023/12/01/doj-asks-court-of-appeals-to-reopen-case-against-nar

https://nowbam.com/new-legislation-proposes-banning-hedge-funds-from-owning-single-family-properties/

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.cnbc.com/2023/12/08/inflation-expectations-plunge-in-closely-watched-university-of-michigan-survey.html

Timestamps:

00:00-00:57 Intro

00:58 6.5% mortgage rate quotes

04:56 Chart: “30 Year Mortgage Payment Comparison” (Mortgage America)

09:06 Two stories that show how one question can lead to unexpected opportunities

12:53 In Jan 2024, will we see something similar to Jan 2022’s uptick in transactions?

22:08 Consumer inflation expectations plunge (CNBC)

24:44 Job report

26:16 There will be opportunities in 2024 (be ready for them)

34:20 DOJ reopening case against NAR

41:30 New legislation would ban hedge funds from owning & buying single-family homes

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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/

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