Creating Wealth Real Estate Investing with Jason Hartman 1778: Mike Simonsen, Altos Research, Data on Single Family Homes, National & Local Market Statistics, Low Inventory & High Demand
Will the housing market continue its hot streak in 2022? This is the question Jason is addressing today as he looks at data to see where the market is heading. He also analyzes income versus home prices, and more.
And we continue with part 2 of Jason's interview with Mike Simonsen, founder of Altos Research as they talk about real estate, after adjusting for inflation and interest rates, is cheap; and with low inventory and high demand, things are only getting better for the rental market; mortgage rates being tempered by a recession and look at local data on Ocala and Jacksonville Florida.
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Watch the video at Jason's YouTube Channel HERE.
Key takeaways:
[1:46] What the media will have you believe- Data: Income versus increasing home value
[3:25] Burns Single-Family Rent Index: Rents are soaring!
[4:17] A Hot Streaking Housing market in 2022? Data: Median Days on Market
[7:00] Absolute frenzy, managing expectations and a free economy
[9:24] Unnatural interest rates in a centrally managed economy
[10:44] With record low inventory, home prices will remain high in the coming year
[12:12] Real Trends article: all cash transactions under scrutiny of Biden administration
Part 2 of the Mike Simonsen Interview
[15:40] Inventory is only a third of normal and the millennials up coming housing demand
[18:31] Price reduction national trends on single family homes
[22:15] Local trends for price reduction
[25:38] Median days on market, active market single family homes
[27:33] Local data on our markets- Ocala, Florida
[32:57] Subprime loans in San Jose and Silicon Valley CA
[34:48] Data on Jacksonville, Florida
[36:21] Sign up for an AltosResearch.com account and brand YOUR REPORTS for your clients!
[36:50] Join the Empowered Investor Inner Circle
Tweetables:
All real estate is local- Jason Hartman
In real estate, the high end of the market may be behaving differently than the low end- Mike Simonsen, Altos Research
Mentions:
Hartman Comparison Index™
Burns Single-Family Rent Index
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