The Zach Foust Show
Send us Fan Mail [https://www.buzzsprout.com/2508075/fan_mail/new] I know you want a crash. I want one too. But I need to tell you the truth about why it is not coming and what is actually going to happen to home prices over the next three to five years. In this episode I walk through three battles destroying housing affordability for everyday Americans right now. The wage battle, where wages have gone up 25% since 2020 but home prices have gone up 52%. The price battle, where median existing home prices are sitting at $414,000 and barely moving. And the rate battle, where 30 year mortgage rates stay high because the ten year Treasury yield will not come down as long as inflation stays baked into the bond market. I also break down why a crash is structurally almost impossible right now. Half of all homes on the market are new construction being sold by corporate builders like Ryan Homes and DR Horton. 111,000 of those homes are not even built yet. They are blueprints being counted as inventory. We do not have the supply conditions that caused 2008 and we are not getting them anytime soon. I react to three tweets from housing creators calling for a crash, walk through real data on supply, demand, builder activity, tariff impacts on lumber, and what 100 economists surveyed by a Canadian firm actually said about where home prices are headed by 2031. The answer will make Sean sad. It makes me sad too. Support the show [https://www.buzzsprout.com/2508075/support]
89 episodios
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