1912: Weekly Housing Inventory Changes, Mortgage Rates, Mike Simonsen Altos Research

There are no houses for sale! After the aftermath of hurricane Ian, Jason addresses the misconception that there is a 'fire sale' of houses after these types of disasters. He also reminds us that 40% of home owners have NO  mortgage! And those who do have mortgages, 24% of them have a 3% or lower mortgage rate and 65% have 4% or lower! So where is the distressed home owner? There really is no pressure to sell! So if you are waiting for a crash, you might be waiting a long time! Jason also welcomes Mike Simonsen of Altos Research as they discuss the factors that keep people from selling their homes and how federal and tax policies contribute to the shortage in housing inventory! Moreover, these factors create more upward pressure on rents!  For more detailed information on the charts discussed in the show, visit AltosResearch.com.   Key Takeaways: Jason's editorial 0:00 Welcome to episode 1912 1:51 Housing inventory in disaster areas- addressing the misconception 5:27 Number of mortgages by interest rate; so where are the distressed home owners 6:47 Join the Empowered Investor LIVE conference on January 27-29 in Scottsdale, Arizona  Mike Simonsen interview 7:48 Introducing Mike Simonsen of Altos Research 8:26 Mike's macro view and insights on the current housing market 11:28 There will be sellers who won't be selling above the 5.5% mortgage rate 13:11 Factors that keep a lid on inventory for a long time- including fed and tax policies  17:29 Creating more upward pressure on rents 19:19 Total inventory home for sale - US Single Family 21:35 What is the chart not telling us? 24:52 Buyers have stopped buying especially at the 5% threshold 27:26 Median homes list prices - US Single Family 29:20 Where these pricing data come from and the median price on new listings 30:57 Possibility of larger homes not coming into the market in this time of the year 32:56 Weekly inventory change - US Single Family homes 38:15 Standard of living will give in; people will go down the socio-economic ladder 41:34 San Francisco Inventory: Weekly Single Family 42:29 Percent of homes taking price reductions, single family homes US national 45:08 Application for sellers and buyers; going ahead of the curve in your local market 48:29 Where do we go from here?   Mentions: Logan Mohtashami of HousingWire   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com