E2449 - 2449: Unlocking the Ditch: The Future of Housing Inventory and Rates with Michael Zuber

Real estate experts Michael Zuber and Jason Hartman talk about the current state of the housing market. They characterize the industry as unhealthy and broken, noting that low inventory and high mortgage rates have caused a severe decline in transaction volume. They explain that many homeowners are reluctant to sell because they do not want to lose their low COVID-era interest rates, leading to a lack of motivated sellers. Jason identifies 5.5% as a potential "magic rate" that could eventually unlock pent-up demand and encourage families to move. Ultimately, Jason and Michael highlights a unique economic environment where home prices...