Jason welcomes real estate analyst Rick Sharga. Rick discusses the housing market and economic trends. Despite concerns of a crash, he suggests a slow period with modest price increases rather than a downturn. He dismisses crash predictions, highlighting historical data showing home prices generally rise during recessions. Sharga addresses factors like consumer spending, job growth, inflation, and Fed policies influencing mortgage rates. He acknowledges the possibility of a mild recession due to Fed actions but emphasizes it may not significantly impact real estate if inventory remains low and distressed sellers are scarce.

Rick also dives into the NAR lawsuit and the current state of the housing market, highlighting mortgage rates near 20-year highs affecting purchase loan applications and pending home sales due to decreased affordability. He anticipates gradual mortgage rate declines attracting more buyers than sellers, likely resulting in increased competition and rising prices. Existing home sales show a 6.5% year-over-year price increase, while new home prices have decreased by 15% from peak levels. Investor purchases remain robust, primarily driven by individual investors rather than institutions. Flipping activity has declined due to pricing challenges, but gross profits are improving, indicating a potential resurgence. 

#RickSharga #RealEstateTrends #HousingMarket #HomeSales #MortgageRates #NARLawsuit #AffordabilityCrisis #MarketAnalysis #FoxBusinessInsights

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Jason interviews Michael Zuber, author of ‘One Rental at a Time’, about the real estate financial market. They discuss Michael’s philosophy of incremental progress in real estate investing and his recent move from California to Las Vegas. Michael emphasized data-driven decisions and presented a ’53 year spreadsheet’ to track real estate market data since 1970. They also discuss the impact of interest rates on the real estate market and made adjustments to a spreadsheet. Towards the end, they discuss the home price appreciation rate, the effect of leverage and inflation rates, and the future of the housing market.

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Jason Hartman hosts a two-part show where we start with some reflections on the recent "Meet The Masters of Income Property Investing" event at The Hyatt Regency in Irvine, California. Investment Counselors, Ari and Sara join Jason as they discuss the following: 1)   Establish 5 year plan for where you would like to be in [...]

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Today Jason talks about “shadow demand” in the housing market. He emphasizes the impact of demographics, particularly the 25 to 34 age group, where about 16% are still living at home, representing untapped demand. With 11 million potential homebuyers in this category, Jason explores the dynamics of supply and demand, debunking predictions of a looming shadow supply. He also touches on factors like low inventory, the influence of baby boomers staying in their homes, and potential wildcards like geopolitical risks affecting the housing market’s trajectory.

Then Jason and Bridger finish their conversation as they delve into the housing market, the economy, and financial trends, noting that millennials and Gen Z are gradually entering it, causing a housing inventory shortage. Despite rising interest rates, the market still faces low inventory levels. The conversation shifts to the potential impact on banks due to an inverted yield curve, bond values, and the housing market’s reliance on new construction. They also explore the possibility of a banking crisis and discuss the Fed’s role in managing interest rates. Jason concludes with insights on the strength of the U.S. dollar, the perceived threat of BRICS nations, and the inevitability of central bank digital currencies, raising concerns about financial freedom.

#peterschiff #RobertKiyosaki #ShadowDemand #SupplyAndDemand #RealEstate #HousingMarket #Economy #InterestRates #Banking #USDollar #BRICS #CBDC

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Jason discusses the impact of mortgage status on the US housing market and wealth distribution, highlighting the growing wealth gap and the formation of two socioeconomic classes due to approximately 40% of US homeowners not having a mortgage. He also touched on the performance of cyclical markets, particularly in luxury markets in Miami, New York, and California, attributing low sales volume to low inventory and high buyer demand. Lastly, he mentioned an upcoming cruise event and a monthly Zoom meeting for empowered investor pro members, in which they’ll be talking about insurance for landlords against tenant damage.

Then Bridger Pennington of FundLaunch.com interviews Jason Hartman, renowned real estate expert. They delve into macroeconomics, market trends, and the impact of interest rates on housing affordability. Hartman emphasizes the unique value of today’s low-rate mortgages and challenges predictions of a housing crash. The discussion also covers inflation-induced debt strategies and the current housing inventory shortage. Insightful, forward-looking, and packed with actionable advice for investors, Jason provides a comprehensive understanding of the real estate landscape.

https://www.FundLaunch.com

#bridgerpennington #RealEstateInsights #HousingMarketDecode #MarketTrendsUnveiled #PropertyInvestmentWisdom #FinancialFreedomJourney #DebunkingRealEstateMyths 

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Today's episode continues with Jason and Jay Parsons talking about the current state of the rental market and the impact of institutional landlords in single-family home investments. Despite concerns about high rent-income ratios, Parsons believes that the reality is different and that leasing to someone paying half their income on rent is improbable. They also discuss the low inventory in the housing market, the decrease in sales volume, and the absence of a crash despite interest rate increases. Parsons attributes the stability of the market to favorable income levels, job security, and low distress in the homeownership market. They anticipate that banks will work with consumers through loan modifications in the event of a sustained shock.

#rentalmarket #housingmarket #institutionallandlords #inventory #interestrates

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Jason welcomes rental housing economist Jay Parsons for part 1 of today’s podcast. Jay serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management. Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron’s, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt. Jason and Jay discuss the current state and future of rental housing. He highlights the roller coaster nature of the rental market, with a slowdown during the COVID-19 pandemic followed by a surge in demand in 2021. Rent growth has been strong, although it has moderated compared to the previous years. The rental market’s performance varies by geography, with some areas experiencing a slowdown while others remain strong. Jay also discusses the influx of new multi-family inventory in the market, which reached a 50-year high due to strong demand and construction activity. While there may be short-term imbalances between supply and demand, Jay emphasizes the long-term need for more housing supply. He believes that the rental market, including both single-family rentals and multi-family apartments, will continue to experience strong demand due to demographic factors. Millennials and Generation Z are entering the market, and the housing market will benefit from their demand for rental properties. However, Jay acknowledges the challenge of providing affordable and workforce housing. Most new construction caters to higher-income households, and building affordable housing is easier said than done. The cost of land, labor, and materials, as well as regulatory restrictions, pose significant obstacles to affordable housing development. Nimbyism (Not In My Backyard) attitudes and opposition from neighbors and local governments further complicate the issue. Jay emphasizes the need to bridge the gap between ideals and practical implementation to address the shortage of affordable housing effectively.

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Jason Hartman talks with Bill Whittle, host of Afterburner, regarding poverty levels in the United States and the strategies that undermine democracy and free markets. Bill’s opinion is that America has the richest poor people in the world, versus countries like Africa, where millions of people live in dire poverty, with starvation and lack of healthcare. Bill discusses how everything people in the U.S. have ever needed in life is present at birth, including food, side effects to lasix shelter, and healthcare. There’s no need to want for anything. Yet people accept their lot in life as the natural order of things. With history on his side, Bill Whittle challenges widely held misconceptions about politics and society. Frequently asking the difficult ethical questions, Bill attempts to underscore conservative values and philosophy through logical reasoning. Bill Whittle is a writer, pilot, and TV editor who lives and works in Los Angeles, where he hosts Afterburner on PJTV.

Thanks so much for listening and please visit our website and enjoy our extensive blog and other resources there.

https://www.jasonhartman.com/podcast/

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Today's Heroic Investing Show highlights investment opportunities in St. Robert, Missouri, with remarkable vacancy rates below 3% and quick turnovers. The success can be attributed to the proximity to Fort Leonard Wood, increased demand, and a strong rental market. Military tenants contribute to high collection rates, and the properties offer attractive rental options, including duplexes and apartments. The market prices are considered market value, debunking claims of properties being below market.

Jason also discusses the benefits of a real estate investment strategy involving the construction of duplexes in a military-focused area. Jason and guest Zach highlight the advantages of their approach, including economies of scale, control over labor and material pricing, and the ability to offer competitive prices to investors. They emphasize the low risk for investors as the developer handles the construction and financing, ensuring the building is rent-ready before ownership is transferred. The conversation also touches on the potential impact of inflation on construction costs and the stability of the local economy driven by the military presence. Overall, this investment opportunity offers favorable rent-to-value ratios and appeals to individuals seeking mobility and rental options in the area.

#RealEstateInvestment #DuplexConstruction #MilitaryMarket #RiskManagement #EconomiesOfScale #InflationImpact

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Today, Jason is joined by Rick Sharga of ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings and search portal.

Is there a looming housing crisis? Not according to the data! Listen in and get the facts minus the misinformation and hype from the YouTube click bait sensationalist ‘chicken littles’!

Know the facts and data that will serve as an indicator of trends  in the single-family housing investment space across different markets. Note: This interview was done last December 2022. Rick is now with https://cjpatrick.com/

Quotables:

“93% of the people in foreclosure have positive equity.” – Jason Hartman

“Our data shows that about 6% of homeowners nationally are underwater on their loans. There’s half a percent of homeowners who are in foreclosure.” Rick Sharga

Mentioned:

Altos Research

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Join Jason Hartman as he interviews Andy Ramirez, founder and president of the Law Enforcement Officers Advocates Council, regarding the legal struggles that border patrol law enforcement officers face with illegal immigration and drug smugglers. As insane as it sounds, border patrol has been told it’s not their job to catch illegal immigrants.  

https://heroicinvesting.com/podcast/