AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
971: BiggerNews: Mid-Year Housing Market Update + Mortgage Rate Forecast w/Redfin Chief Economist Daryl Fairweather
BiggerPockets Real Estate Podcast
The Future of the Housing Market and Inventory
The current housing market is experiencing multiple offers and rising prices, but the main issue remains the lack of inventory. The future of the market may see a gradual shift as people who bought homes in 2022 at high interest rates may be ready to sell by 2025, contributing to an increase in supply. The impact of 2020 and 2021 is expected to fade over time, with homeowners paying off equity each month and having more for potential cash purchases. This transition is likely to occur over a decade, with a gradual decrease in its impact each year. Anticipated future supply will mainly come from homes built during the pandemic going up for resale, particularly in southern, exurban, rural, and suburban areas.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode