Is there a real estate market crash happening in 2024? Well, let's separate the myths from facts in today's housing market.
Lately, there's been a lot of talk about waiting for interest rates to drop or concerns about a potential real estate market crash. As someone who's been in the financial industry for nearly 40 years, I've heard these comments repeatedly. But what’s the real story? To understand where the market is headed, it’s important to grasp the fundamentals—supply and demand. Currently, there's a significant shortage of housing supply, and while rising interest rates might slow demand, the real estate market remains resilient. Factors like limited new construction, aging housing inventory, and homeowner reluctance to sell are keeping supply tight. Additionally, strong job markets, pent-up demand from millennials, and cash buyers are sustaining the demand for homes. To sum things up, waiting too long to buy real estate could result in higher prices and lost equity opportunities. So, instead of waiting for the perfect moment, it’s worth considering the benefits of home ownership now, even with higher rates.
Chapters: 00:00 Intro 01:05 Current State of Real Estate Market 01:46 Factors Affecting the Real Estate Market 06:14 Why is the Market So Resilient Even As Rates Climb? 11:48 Why Sitting on Purchasing Real Estate Can Hurt You In The Long Run? 13:11 Real Estate Market Conclusion
About Me: I have been involved in financial planning for over 36 years. I started out as a high-volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments.
Now I focus on building wealth using a tool we developed by leveraging life insurance. This way we can get: Double Digit returns Keep your money safe Keep your money liquid Create substantial passive income Leave a legacy for your family And do it all Tax-Free!
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