Jason talks about the importance of understanding the relationship between household real estate value, mortgage debt, and GDP. The presented chart indicates increased equity and decreased mortgage debt as a percentage of GDP, highlighting a more stable housing market. He touches on the benefits of leveraging properties and he analyzes a chart on median sold prices based on bedroom count, revealing significant appreciation in lower-priced properties. Jason welcomes Len Kiefer, Deputy Chief Economist at Freddie Mac, as they discuss the current state of the real estate market. Despite concerns about rising interest rates, Kiefer highlighted the resilience of the U.S. economy, emphasizing the stability of the housing market throughout 2023. While acknowledging a potential slowdown in consumer spending due to higher rates, Kiefer pointed out that the housing market has seen low transaction volumes and reduced refinance activity, impacting affordability. He also discussed the unique situation of homeowners with ultra-low mortgage rates, estimating the value of their locked-in rates at around $55,000 per borrower. Kiefer predicted a gradual thawing of the market as consumers adapt to the new interest rate environment. He also underscored the importance of considering broader economic factors and demographic trends in understanding the housing market’s dynamics. #RealEstate #HousingMarket #EconomicOutlook #Millennials #HousingMarket #RealEstate #EconomicAnalysis Key Takeaways: Jason’s editorial 1:28 Introducing Len Kiefer, Deputy Chief Economist at Freddie Mac 1:46 Chart: Household real estate value and mortgage debt as percent of GDP 4:43 FireYourManager.com 5:41 RocketHomes Chart: Median sold price by bedroom count   Len Kiefer interview 8:33 The view from 30,000 feet 11:24 Charts: Spike in mortgage rates made it very expensive for homeowners to move 13:25 Chart: Historically low rates in previous years means there is no Refi incentive given today’s rates 14:47 Chart: Homeowners locked into low mortgage rates are content to remain in their current homes 20:53 Market is starting to thaw 22:34 Chart: Due to savings from fixed mortgages, household spending may be less sensitive to financial conditions 27:30 Chart: Housing demand robust on favorable Age demographics of FTHBs 31:53 Chart: The U.S. faces a massive undersupply of housing 34:40 Chart: Strong demand from FTHBs and low supply led to a surge in entry-level home prices 38:32 Higher housing costs are contributing to more young adults living at home with their parents For more information visit https://www.freddiemac.com/research   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com