New Home Sales Crash

In today's episode, we dive into the recent crash in new home sales and its implications for the housing market. We explore why new home sales dropped by 11.3% and the underlying factors contributing to this decline. Additionally, we discuss the potential impact of rising interest rates on the market and what the future might hold for both large and small builders. This episode provides a comprehensive analysis of current market trends, valuable insights for investors, and the importance of staying informed and connected within the real estate community. [00:00] Introduction to the episode and the significance of the 11.3% drop in new home sales. [00:34] Discussion on the slight decrease in new home prices by 0.9% and the factors influencing this. [01:22] Analysis of the significant miss in new home sales estimates and the role of interest rates. [02:21] Reflection on the prediction made a year ago about the impact of higher interest rates on small builders. [03:10] Examination of the consequences of reduced new home construction on the housing supply and prices. [04:04] The importance of building smaller, more affordable homes to address housing shortages. [04:36] Summary of the winners (big builders) and losers (small builders) in the current market. [05:22] Exciting updates about the school community and special guest appearances. [06:13] Overview of KKR's significant investment in real estate and what it signals for the market. [07:04] Discussion on recent earnings reports, mortgage applications, and market trends. 15 Conversations with Real Estate Millionaires: https://www.amazon.com/dp/B094YRYF86 April Crossley: https://www.youtube.com/channel/UCMqA0-SYmS-6mpBMLy93HbA School Community: https://www.school.com If you enjoyed this episode, please rate, follow, share, and review our podcast. Stay connected with us for more insights and updates on the housing market. We appreciate your support and look forward to reaching our milestone of 60,000 subscribers. Thanks for tuning in! 📖 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/