June 18, 2024 | Driving It Home with ABoR's Housing Economist

In this episode of Driving It Home, Dr. Clare Knapp and Danielle Hammett delve into the complexities of the current housing market, exploring whether it is a buyer's or seller's market. Dr. Knapp explains that the market doesn't fit neatly into either category due to various factors, including elevated mortgage rates, increased active listings, and high home prices. These elements create a balance, making it neither favorable exclusively to buyers nor sellers.   Dr. Knapp emphasizes the importance of looking at multiple indicators rather than focusing on a single statistic like months of inventory. Despite an uptick in active listings providing buyers with more negotiating power, elevated home prices and higher mortgage rates have reduced purchasing power. Sellers benefit from higher home prices but face increased competition and buyers with less purchasing power. The current market dynamics necessitate transparency and honesty from real estate agents to help clients navigate these conditions effectively.   The episode also highlights the March 26 Market Shift Conversations event, where Dr. Knapp will present new research to assist buyer's agents. This includes insights into demographic trends, the wealth-building effects of homeownership, and the role of leasing in the market. Register for this can’t-miss event and get the knowledge needed to better serve clients in the evolving market landscape.   Download a summary and transcript: https://www.abor.com/content/uploads/2024/06/DIH-6-18-24.pdf   Links Mentioned: Market Shift Conversations June 26 https://www.abor.com/event-type/market-shift-conversations May Central Texas Housing Report https://www.abor.com/marketstatistics ABoR Academy https://www.abor.com/take-a-class ABoR Events https://www.abor.com/events   Listen On: Apple: https://podcasts.apple.com/us/podcast/driving-it-home-with-abors-housing-economist/id1714289732 YouTube: https://www.youtube.com/playlist?list=PLzH_caxJ3VPq5iExWilqZOahnREgSFgqC  Connect with us on socials: https://www.abor.com/socials Connect with Dr. Clare Losey on LinkedIn: https://www.linkedin.com/in/clare-losey  Have feedback? Email us at [email protected].