Housing Market Won't Recover for a Decade

In this episode, we discuss the long-term outlook for the housing market, exploring why recovery might take up to a decade. Joined by Lance Lambert, we analyze current trends, economic forecasts, and historical data to understand the challenges ahead. We delve into the impacts of rising interest rates, builder market share, and the potential for motivated sellers. This conversation provides a comprehensive view of the factors influencing the housing market and offers insights for investors and real estate professionals on navigating the upcoming years. [0:00] Introduction with Lance Lambert - Overview of the current housing market conditions and the long-term outlook. [0:20] Public Builders' Market Share - Discussion on the increase in market share for public builders, expected to reach 60%. [1:14] Impact of Big Companies - Analysis of how large companies with significant resources are dominating the market, leaving smaller builders struggling. [2:21] Forecast Adjustments - Examination of Bank of America's forecast of a 4% rise in home prices and a 5% rise in single-family rents. [3:03] Billionaire Barry's Rate Cut Plea - Commentary on Barry Sternlicht's public plea for rate cuts and the implications for the market. [4:06] Existing Home Sales Recession - Comparison of current existing home sales to levels last seen in 1978 and the prolonged recovery period. [6:00] Historical Data Analysis - Review of historical data showing the slow recovery of existing home sales after significant downturns. [7:00] Goldman Sachs Forecast - Overview of Goldman Sachs' prediction that it will take several years for home sales to return to 2019 levels. [10:00] Increasing Inventory - Discussion on the recent increase in housing inventory and its potential impact on the market. [13:34] Motivated Sellers - Insights on the growing presence of motivated sellers and the importance of doing the work to find deals in the current market. One Rental at a Time: Access the 54-year real estate spreadsheet and other valuable resources. Resi Club Analytics: Subscribe to Lance Lambert's free and premium lists for detailed market analysis and inventory tracking. Lance Lambert on Twitter: Follow Lance for the latest updates and insights on the housing market. Thank you for tuning into today's episode. If you found our discussion valuable, please rate, follow, share, and review our podcast. Your support helps us continue to deliver quality content. Stay informed, stay proactive, and leverage the insights and resources available to navigate the housing market's challenges and opportunities. Join our community to get the support and tools you need for successful real estate investing. 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie! 🧢 MERCH: I have created some fun merchandise designed by my daughter. Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/