The 2024 Housing Market Crash Debunked! Data Expert Lance Lambert Exposes All
Jason Hartman Jason Hartman
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 Published On Apr 23, 2024

Jason welcomes Lance Lambert, co-founder of Resi Club, who discusses the real estate's Housing market's nuances with host Jason Hartman. Lambert highlights the tight resale market, down 30-35% from pre-pandemic levels in 2019, noting that despite this, 2019 wasn't a buyer's market. Affordability strains persist, especially in areas like Connecticut, impacted by the "donut effect" from pandemic migration. Lambert emphasizes builders' resilience, adjusting home sizes and finishes to tackle affordability while maintaining profit margins. He anticipates a shift towards smaller homes due to changing demographics. Despite challenges, residential construction employment remains strong, indicating continued market stability.

They also explore the "lock-in effect" caused by historically low mortgage rates. They highlight the significant impact on home sales and turnover rates in the real estate market, with a 57% reduction in home sales due to fixed-rate mortgage holders unwilling to give up their low-interest loans. They also touch on the multifamily housing market's influence on single-family rentals, noting that while rent increases have moderated, they remain solid. Data from Zillow and institutional players like Invitation Homes and American Homes for Rent provide insights into rental trends. Overall, despite market dynamics, investors can still find opportunities in the real estate landscape.

#cnbc #MarketInsights #RealEstateMarket #MortgageRates #HomeownershipTrends #RentalMarketAnalysis #InstitutionalInvestors #PropertyInvesting #HousingTrends #FinancialStrategy #EconomicOutlook #InvestmentOpportunities #PropertyManagement #RealEstateIndustry #MarketAnalysis

https://www.resiclubanalytics.com/

Key Takeaways:

0:00 The largest asset class in America
2:09 US housing market- a tight RESALE supply
8:53 Mortgage market composition by country
11:02 Best years of housing affordability & cycles
13:39 Shift in share prices: 10 of the largest publicly traded US home builders
17:39 Parci Labs: New SFH continues to get smaller
20:10 Addressing the Lock-in Effect Problem
30:27 The dynamic of the RENT
34:25 Where the SFH rental data is from
38:35 Housing Shortage as told by 11 major firms
40:41 Scapegoating- Housing affordability and the effects of the NAR lawsuit

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