This week’s episode of the Knowledge Brokers Podcast, Byron Lazine and Tom Toole start the conversation with how housing inventory levels have changed over the past 12 months and since before the pandemic.
That led seamlessly into a discussion on housing affordability, which reached a record low at the end of 2022, followed by real estate investors and a breakdown of President Biden’s State of the Union address.
The conversation then turned to a BAM article about young adults on the move and why more of them are leaving their parents’ basements to buy homes of their own. This led to mortgage rate volatility, and what potential home buyers can expect in the coming months.
The discussion wrapped up with Byron explaining why agents should be connecting and having conversations with local decision-makers to make a difference for the buyers and homeowners in their area.
Click on any of the timestamps below to watch:
00:43 Inventory levels and shifts over the past 12 months/four years
07:14 This is a five-year problem (at least)
08:02 Housing affordability at a record low at the end of 2022
21:13 Real estate investors
28:28 Biden’s SOTU speech and Byron’s breakdown
27:52 Young adults on the move
35:15 The number one reason people don’t want to list their homes
39:36 Why agents should be having conversations with local decision-makers
Click here to watch the full episode.