1831: Dr. Lawrence Yun, National Association of Realtors, NAR, Rising Mortgage Rates & FOMO Part 1

Creating Wealth Real Estate Investing with Jason Hartman

Today Jason talks about the housing market, the potential bubble and the income ratio versus house prices! See how the US housing market is much better compared to other countries!

Furthermore, Jason Hartman explores the latest housing market data with returning guest Dr. Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors®. The Federal Reserve has raised the interest rate only one time this year, yet we see how fast the mortgage rates are rising. However, if one looks at the past history, you can see that at times when the Fed aggressively raised interest rates, the mortgage rate barely budged. So is it possible that most of the mortgage rate increases this year may have already occurred? Will any further jacking up of the interest rate by the Fed necessarily have any meaningful impact on mortgage rates? According to Dr. Yun, the wildcard here is inflation and whether or not it continues to rise due to unforeseen events currently happening around the world.

Lawrence Yun is Chief Economist and oversees the Research group at the NATIONAL ASSOCIATION OF REALTORS®. He supervises and is responsible for a wide range of research activity for the association including NAR’s Existing Home Sales statistics, Affordability Index, and Home Buyers and Sellers Profile Report. He regularly provides commentary on real estate market trends for its 1.4 million REALTORS®. Dr. Yun received his undergraduate degree from Purdue University and earned his Ph.D. from the University of Maryland at College Park.

Key Takeaways:

Jason's editorial

1:38 Introducing Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors

2:24 And the winners of this week's raffle giveaway are... listed below!

3:16 Is there a housing bubble? An extremely hot market and a decline in standard of living

7:30 Home builders, buyers and interest rates

11:38 Clueless, clickbait and Facebook fact checkers

13:30 Quote of the day

16:24 Housing affordability is getting worse

18:16 Please write your review and comment on our YouTube channel! And join The Collective Mastermind and the WHOLESALE mentoring program in Jacksonville, Florida. To join just go to JasonHartman.com/wholesale

Lawrence Yun Interview

19:45 Welcome returning guest Lawrence Yun,

20:19 How long can this red hot housing market continue?

21:38 What does this mean for first time home buyers?

24:38 The cost burden has increased because of the home prices, but not in terms of the mortgage rate

27:04 What are the current housing inventory levels?

30:28 MLS - contingent and pending sales

31:35 Defining a balanced market

33:42 Will the market cool off with these higher rates?

35:00 Further interest rate hikes by the Fed may not have any meaningful impact on the mortgage rate

38:18 You can now buy a $1M home with an FHA loan in some areas

41:26 Ken McElroy invites you to join The Collective Mastermind

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