#182 - Are We Entering Into A Buyer's Market? What an Economist Can Tell Us About The Land Market with Connor Lokar
Description
Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.
On today's episode, we are back in the studio with Connor Lokar, an Economist and keynote speaker from ITR Economics. We discuss:
- Don't rely on news; it often spins data to fit narratives
- Focus on leading indicators like the Purchasing Managers Index (PMI)
- Builder sentiment impacts housing market trends; check the NAHB index
- Current market shows signs of a buyer's market due to rising inventory
- Interest rates will likely remain high, affecting buyer affordability
- Land prices typically rise; waiting for a dip may not be wise
- Historical data shows land values are resilient during economic downturns
- Prepare for potential economic downturns in the early 2030s
- Wealth transfer from boomers may face increased taxation
- Investing in land can be a hedge against inflation and a way to create memories
And so much more!
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