462: How Often Do Home Prices Fall? Homeownership Rate, Join Our Live Event
Description
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Home prices fell three times since 1975. We explore the reasons why.
The homeownership rate is 66% today. (The long-term average is 65%.) I expect the homeownership rate to fall due to low affordability, which will increase renter households.
If you have dollars in a savings account that pays 5% interest, I describe why you're losing prosperit.
Our Investment Coach, Aundrea & I discuss the state of the real estate market.
Then we discuss our upcoming live event for new-build Utah fourplexes. They produce cash flow, have great tenant amenities and come with built-in equity. This area is extremely fast-growing: Register here.
Timestamps:
National Home Prices Fall and Causes [00:00:01 ]
Discussion on the historical trends of national home prices, the causes of price falls, and the impact of the 2008 global financial crisis.
Housing Affordability Crisis [00:00:50 ]
Exploration of the current state of housing affordability and the impact of the pandemic on home prices.
Upcoming Real Estate Event [00:01:44 ]
Announcement of an informative live real estate event that listeners are invited to join.
The current state of housing affordability [00:11:45 ]
Discussion on the challenges faced by first-time homebuyers due to higher prices, mortgage rates, and lending requirements.
Homeownership rate trends [00:13:11 ]
Analysis of the historical homeownership rates, including the impact of aging population and low affordability on the rate.
Future outlook for homeownership rate [00:19:40 ]
Prediction of a decline in the homeownership rate below the current 66% due to poor affordability and increasing number of renters.
Rental Market Overview [00:24:10 ]
Discussion on the current state of the rental market, including cash flowing properties, stable prices, and limited inventory.
Demand for Investment Opportunities [00:26:14 ]
Exploration of the demand from investors who are looking to invest their existing equity and the regions they are interested in, such as the Southeast and Midwest.
New Build Income Properties [00:28:14 ]
Introduction of a provider offering new construction fourplexes in the Intermountain West, discussing the market growth, population demographics, and amenities of the properties.
The opportunity for new build properties in a fast growth area [00:34:59 ]
Discussion on the benefits of investing in new construction properties in a rapidly growing area with good cash flow.
The role of HOA in maintaining property values [00:36:04 ]
Explains how the integration of HOA (Homeowners Association) helps maintain uniformity and cleanliness in the rental property investing world.
Details about the upcoming real estate event [00:38:31 ]
Promotion of a live event where listeners can learn about new construction fourplexes and have their questions answered in real time.
Resources mentioned:
Show Notes:
Join our Utah fourplexes live event:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
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Complete episode transcript:
Welcome to GRE! I'm your host, Keith Weinhold. Historically, just how often DO national home prices fall… and what causes it?
Then, learn more about how TODAY'S housing affordability is absolutely awful. Then, our informative live real estate event that you're invited to join. All today, on Get Rich Education.
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Welcome to GRE! From Pennsylvania's MONongahela River to Mono Lake, CA and across 188 nations worldwide. I'm Keith Weinhold and you are listening to our one big weekly show. This is Get Rich Education.
"Real estate never goes down."
Yeah, a handful of people actually told me those five exact words in the mid-2000s decade. "Real estate never goes down."
Of course, 2008's Global Financial Crisis (GFC) and Mortgage Meltdown proved them ALL wrong.
And ya know what, I've never heard one single person utter those words since!
Late last year, national home prices took just a small dip for a few months on a m-o-m basis. That's not something that often happens though.
So as minor as THAT was, that's the event that actually precipitated the creation of this segment of our episode.
There's a colorful chart that provides a… terrific visual of the month-over-month shifts in US home prices, per Case-Shiller, dating back to 1975. And if you're one of our "Don't Quit Your Daydream" letter subscribers, you got to see it last week.
United States
