347: Market Dynamics: Inventory, Interest Rates, and Buyer Behavior with Sean O'Toole of Property Radar
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Description
Jason and Sean O'Toole of PropertyRadar.com discuss the current state of the real estate market, focusing on inventory trends, the impact of high interest rates, and the value of real estate over price. They also explore the potential for price drops, the influence of technological advancements on prices, and the challenges of rising housing costs. Lastly, they examine the activities of wholesalers in the real estate market and the ongoing issue of foreclosures, with Sean providing insights on his company's data tracking system and the shift in the market due to a scarcity of available properties. They also discuss the impact of housing inventory levels and credit card debt, noting the importance of adjusting these figures for population growth. O'Toole highlights California's housing crisis, where strict building regulations and NIMBYism hinder affordable housing development. He points out that while modern homes are sturdier, the costs have skyrocketed, making new affordable housing virtually "illegal." O'Toole also explains the shift in the real estate market, where wholesalers are increasingly selling properties directly to consumers rather than investors due to inventory shortages, affecting traditional investment strategies. https://www.propertyradar.com/   #RealEstate #HousingMarket #InventoryCrisis #HomePrices #AffordableHousing #HousingShortage #BuildingCodes #CaliforniaHousing #ForeclosureCrisis #RealEstateInvestment #HomeConstruction #HousingPolicy #MarketTrends #RealEstateTips #InvestmentProperties     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  
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