Real Estate Market Minute

What 2 Homebuilder Executives Think Can Help with Housing Affordability

Lennar Corp and Invitation Homes CEO’s discussed the U.S. housing shortage and what they are looking to do for the future of home building and how technology will play a major role going forward.

2024 New Home Design Trends

According the National Association of Homebuilders latest “What Home Buyers Really Want” study, buyers are looking for better and more specific features to a home instead of a larger home. I discuss what this survey reveals and what it means for you as an investor, homebuilder, and developer navigating today’s housing market.

New Home Sales are Up at the Start of 2024

According to the HUD and U.S. Census Bureau, new single-family home sales rose 1.5% month-to-month. The pace of new construction home sales is rising year over year as well. Why are we seeing this increase and what does this say about the confidence of the housing market in 2024?

The Average 30-Year Mortgage Rates Rises to 6.94%

For the 4th week in a row the 30-year average mortgage rate rises. What is causing this rise and will it last? I dig into this and also explain when I think rates may actually start to be cut by the Federal Reserve going forward.

The CEO of Homebuilder Taylor Morrison Says Today’s Homebuyer is More Confident

In an interview with CNBC, CEO Sheryl Palmer of the homebuilder Taylor Morrison says the psychology of the consumer today is much different than a year ago with respect to interest rates and the 30-year fixed mortgage rate. I dive into her thoughts and why they are so important in understanding just what type of housing market to expect in 2024.

What One Major Homebuilder Thinks About 2024

In a recent interview with the Associated Press, The CEO of KB Homes, which builds homes in California, Texas, and Florida, Jeffrey Mezger, answers questions on his outlook for the 2024 housing market and weighs in on interest rates as well.

Economists Increase the U.S. Economic GDP Outlook for 2024

The National Association for Business Economics predicts the U.S. gross domestic product (GDP) will rise 2.2% in 2024, a much more bullish forecast compared to what they thought 2 months ago. Why is the economy strengthening and what does it mean going forward for the housing market and interest rates including the 30 year-fixed mortgage rate?

Wall Street Expects a Great Year for Homebuilders Again

The edge goes to the homebuilders in 2024 yet again as many publicly traded companies from Lennar, Toll Brothers, to KB Homes and others continue to outshine the benchmark S&P 500 Index almost performing twice as well. Wall Street analysts think this will continue into 2024 as Homebuilders create much needed supply in an environment where housing demand is increasing. I get into what’s going on and what it means going forward for real estate and housing market overall.

Homes are Spending Less Time on the Market

The latest trend in January indicates that home demand is continuing to surge as the median days on the market for a home fell year over year and is starting to creep up to numbers we have not seen since 2021. Could this be the 2021 housing market all over again in 2024? I answer that and more on today’s show.

Experts Revise Home Price Forecasts for 2024 Much Higher

Experts have revised their 2024 home price forecasts higher based on the latest February data and market trends. All think home values will increase by more than originally forecasted. I go into who thinks what, why they think so, and tell why I think one of these forecasts is very telling of the future.