E36: High Housing Inventory, Home Value Drop, Lennar and Buyer Incentives, Consumer Sentiment, Price of PAREA, FHFA Gets Focused on Fannie and Freddie

Jeff and Mark discuss the highest levels of housing inventory in over a decade. Does this mean values will begin to drop? Home Builder Lennar has the highest levels of buyer incentives since 2009. Consumer sentiment takes a significant drop by the University of Michigan and The Conference Board surveys. PAREA updated - back to our roots! The Appraisal Institute has increased the price of PAREA and is working to make the program profitable while still being the only provider in the country. Additionally, FHFA rescinds multiple initiatives in an effort to narrow the scope of their focus on Fannie Mae and Freddie Mac.