WEALTH, HE SAID. IT'S NOT HAPPENING. PEOPLE ARE AGAIN, QUOTE, STUCK.>> ALL RIGHT, DIANA, THANK YOU. OUR NEXT GUEST SAYS THE AMERICAN DREAM HAS MOVED ON FROM HOMEOWNERSHIP TO NEVER LEAVE YOUR HOME IF YOU'RE LUCKY ENOUGH TO OWN ONE. RYAN SERHANT IS FOUNDER AND CEO OF SIRHAN REAL ESTATE AND EXECUTIVE PRODUCER OF OWNING MANHATTAN.RYAN, IT'S GREAT TO SEE YOU AGAIN. I MEAN, JUST PICK IT UP WHERE DIANA LEFT OFF AND WHAT LAWRENCE IS SAYING, BECAUSE I THINK YOU'RE SAYING SOMETHING VERY SIMILAR. >> THE WORD CRISIS IS ...

Core Insights - The U.S. housing market is facing challenges due to high home prices, declining supply, and weakened consumer confidence [1] Sales Performance - Sales of previously owned homes in January fell by 8.4% from December to an annualized rate of 3.91 million, marking a 4.4% decrease compared to January 2025, the slowest pace since December 2023 [2] - The decline in sales was most pronounced in the South and West regions of the U.S. [3] Affordability and Supply - The National Association of Realtors (NAR) reported that affordability conditions are improving, with the Housing Affordability Index indicating the most affordable housing since March 2022, driven by wage gains outpacing home price growth and lower mortgage rates [4] - Despite improvements in affordability, housing supply remains low, with 1.22 million homes for sale at the end of January, representing a 3.7-month supply, below the balanced market threshold of six months [4] Home Prices and Market Dynamics - Tighter supply has kept home prices positive, with the median home price in January at $396,800, a 0.9% increase year-over-year and the highest January price on record [5] - Homes are taking longer to sell, averaging 46 days in January compared to 41 days in January of the previous year [5] - The market is seeing stronger sales in the higher-end segment, particularly for homes priced over $1 million, while sales for homes priced below $250,000 have dropped significantly [6]

The housing affordability problem is an availability problem. The supply side of the market has been far depressed for far too long. We Zillow estimates we are 5 million homes underbuilt.We've been accumulating this deficit since the global financial crisis, which is why the 21st Century Housing Act that came out from the House yesterday, we think is a great step towards that. We were really pleased to see how focused that is on supply, on streamlining permitting, regulatory reform to get it easier to build ...

South Korea will accelerate a boost to housing supply in the Greater Seoul area, broadening its response to a yearlong rally in apartment prices after a raft of earlier measures to curb speculative demand proved insufficient https://t.co/x950ogr3Y5 ...

Core Insights - President Donald Trump is expected to announce housing reforms aimed at lowering borrowing costs, increasing housing supply, and facilitating homebuyer market entry, though the effectiveness of these plans in restoring affordability remains uncertain [1][9] Housing Demand and Supply - Economists emphasize the need to create more housing to address affordability issues, with Ed Brady, CEO of the Home Builders Institute, stating that increasing housing supply is essential [2][4] - Trump's proposals may inadvertently increase demand for housing, potentially driving prices higher rather than improving affordability [3][9] - The U.S. housing market is estimated to be short by 3 million to 4 million homes, highlighting the critical need for increased supply [8] Policy Proposals - One proposal includes instructing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to lower mortgage rates, which has had a slight effect on rates but may not significantly impact housing prices [5][6] - Suggestions to ban large institutional investors from buying single-family homes may have limited impact, as they own less than 0.5% of total housing stock [6] - Experts suggest easing permitting and zoning restrictions to lower construction costs, as regulations account for nearly 25% of the cost of a single home [10][11] Labor and Construction Challenges - A labor shortage in the construction industry, exacerbated by immigration enforcement, is preventing the construction of approximately 19,000 homes annually, with a $10 billion impact on the housing market [12] - Addressing labor shortages is crucial for increasing housing inventory and meeting demand [12] Legislative Efforts - Congressional legislation, including the ROAD to Housing Act and the 21st Century Act, aims to address both supply and demand issues by encouraging local governments to approve housing projects [16] - While these legislative packages are seen as steps toward modernizing federal housing law, skepticism remains regarding their potential to significantly improve supply [17]

Core Insights - The number of homeowners with mortgages above 6% has surpassed those with rates under 3% for the first time, indicating a significant shift in the housing market dynamics [1][4]. Group 1: Mortgage Rate Trends - The last period when mortgage rates were below 3% was from July 2020 to September 2021, and rates have not fallen below this threshold since 1971 [2]. - As of the third quarter of 2025, 20% of outstanding mortgages had an interest rate below 3%, while 21.2% had rates above 6% [3][4]. - Approximately 31.5% of outstanding mortgages carry interest rates between 3% and 4%, 17.1% fall in the 4% to 5% range, and 10.2% are between 5% and 6% [6]. Group 2: Market Dynamics and Home Prices - The prolonged lock-in effect is diminishing as fewer homeowners retain low borrowing rates, which is expected to gradually change market dynamics [6][8]. - Despite some improvements in housing supply, about 80% of outstanding loans still carry below-market rates, making homeowners reluctant to sell and buy again due to significantly higher potential monthly payments [8]. - The market is moving towards a more balanced state, with additional supply easing affordability challenges and some local markets classified as a "buyer's market" [10][11].

President Trump wants to ban institutional investors from buying single family homes. I am always very cautious whenever the government wants to stick their hand into something and try to figure out how to manipulate the market. I'm a free market person.I believe the market can figure it out. Now, if we go and we look at this idea, it is a narrative that is online that they're buying up all the homes. When you actually go look at the data, it's like a small singledigit percentage.So, are they buying homes. ...

Canada is considering changes to its ban on foreign home buyers starting in 2027, its housing minister said, as the government looks for ways to increase the supply of affordable places to live https://t.co/gtAwoQqKdl ...

Existing home sales in November rose 0.5% to a seasonally adjusted annualized rate of 4.13% million units. That is right along expectations. Sales down 1% from November of last year.Now, this count is based on closing. So, contracts likely signed in September and October when mortgage rates initially came down a little bit but then stayed in a very tight range. The headline on this report is supply.It is coming down again. We've reported on more sellers delisting their homes. There were 1.43% 43 million uni ...

Core Insights - The housing market is facing challenges due to high home prices, elevated mortgage rates, and reduced supply, impacting potential homebuyers [1] - Sales of previously owned homes increased by 0.5% in November compared to October but were down 1% year-over-year, with an annualized sales rate of 4.13 million units [1][2] Supply and Inventory - The supply of homes for sale decreased in November, with 1.43 million homes available, representing a 5.9% decline from October but a 7.5% increase year-over-year [3] - At the current sales pace, the housing market has a 4.2-month supply of homes, indicating a tighter market compared to the balanced six-month supply [3] - Inventory growth is stalling, with distressed property sales at historic lows and homeowners reluctant to list their properties during winter months [4]