150: Zillow’s Senior Economist on Why You DON’T Want Mortgage Rates to Fall w/Orphe Divounguy
Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean. Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago. We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market.
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Show Notes
Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean.
Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago.
We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market.
In This Episode We Cover:
The one thing that could cause mortgage rates to fall (and the danger behind it)
Zillow’s recession forecast and why US economic growth might be impossible to stop
Higher home prices and how the supply lag has kept prices near all-time-highs
Rent growth and which types of real estate are already seeing a return to normal
The most affordable, underrated real estate investing market that won’t last long
Where Orphe is investing in real estate and his advice for getting started
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb
Rate-Locked Homeowners Nearly Twice as Likely to Not Consider Selling
Connect with Orphe:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-150
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