Oct 30 2024 32 mins 4
From soaring mortgage rates to climate risks, the economic landscape of buying a home is filled with uncertainties that could terrify even the most seasoned investor.
Whether it’s government policies or technological innovations, there are a wide variety of external factors that wield immense influence over the trajectory of the property market. As investors, homeowners, and property professionals alike grapple with these challenges, understanding the impact of demographic shifts, natural catastrophes, and economic fluctuations becomes paramount.
The scarcity of housing supply, coupled with investor competition, reflects critical socioeconomic trends affecting communities across the U.S. Meanwhile, the existential threat of climate risks underscores the urgency of integrating sustainability into real estate strategies.
In this episode of Core Conversations, host Maiclaire Bolton Smith sits down with senior principal economist Molly Boesel to discuss where the market pressures are and what these influences mean for the property market at large.
In This Episode:
1:45 –Mortgage Interest Rates
3:55 – Rising debt-to-Income Ratio
5:49 – Downpayments
9:36 – Competition with Investors
12:53 – Rental Rates
15:03 – Erika Stanley does the numbers in the housing market in The Sip.
16:16 – Lack of Inventory
18:31 – Climate Change
20:51 – Insurance
22:17 – Taxes
27:33 – Erika Stanley reviews natural catastrophes and extreme weather events across the world.
Up Next: Debunked! Top Three Housing Myths Dispelled
Links:
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