We’ve got great news for investors, agents, lenders, and first-time homebuyers: housing inventory is about to rise…big time. After years of limited inventory, with homebuyers fighting tooth and nail to get into just about any home, the tide is finally turning. Rick Sharga from CJ Patrick Company brings new data and insight to the show, sharing why we could return to pre-pandemic housing inventory levels by the end of 2025.
Why is that good news for so many of us? Because home prices could slow, if not drop, in some markets as buyers get a better selection of houses to choose from. Those “locked-in” owners with rock-bottom interest rates have waited long enough to sell, and 2025 could be the time they put their homes on the market. But if a new wave of inventory hits the housing market, are we at risk of a home price correction or a crash?
Rick shares what the data shows and why investors are so pessimistic about the current housing market, even with the inventory forecasts looking so good. Will foreclosures rise again as consumer debt hits an all-time high? Could more off-market deals be in the pipeline in 2025? We’re asking Rick and getting answers to all those questions in today’s show.
Dave:
The economic picture is right now pretty annoyingly, still not clear. We don’t even know if interest rates are gonna keep climbing or if they’ll finally start to stabilize. We don’t know if inflation’s going to fade or flare up once again. And with so many moving parts, we don’t know which real estate markets will emerge as true winners or losers in the next couple of years. So today we’re gonna tackle these questions head on because every shift in the economy directly impacts you as an investor, and we want you to know what’s going on as quickly as it happens.
Hey everyone, it’s Dave. Welcome to On the Market. Today I’m sitting down with special guest who’s a repeat favorite here on the show. It’s Rick Sharga. Rick is the founder of CJ…