Episode #302
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Mortgage rates are down, so the housing market should be entering a frenzyâŠright? Not quite. The buyerâs market seems alive and well, with sellers offering concessions as the housing market visibly âslows.â Whatâs causing it? New inventory hitting the market? Tariff talks leading to higher housing costs? Weâre getting into it all in this episode as we hit on four of last weekâs top headlines.
First, how much will a new home cost now that tariffs are in place? With lumber, labor, and material prices all rising, there could be a five-figure added cost per home for homebuilders, making it even more expensive for buyers. Will labor costs continue to rise in 2025 after years of solid growth, or will renovators and flippers finally get relief?
The housing market is slowing down even as we get closer to the spring homebuying season. Home prices are DOWN year-over-year, but one caveat makes this a half-truth. With more inventory hitting the market, buyers could have their pick! And that inventory could grow even greater as mortgage delinquencies start to riseâshould we begin to worry? Enough speculation; letâs get into it!
00:00 Henry Needs a Hug
02:23 Homes Could Cost $10K More
08:04 Construction Prices Rise
11:36 The Market SLOWS Down
19:55 Mortgage Delinquencies Are UP