1275: Fannie Mae's Chief Economist on Housing Market & Real Estate Dynamics

Jason Hartman is back and talks with Adam today to discuss Fannie Mae's Chief Economist Doug Duncan's latest comments about the housing market. Not surprisingly, the huge lack of inventory is making a substantial impact. Jason and Adam break down how big an impact it is, what's causing it, and if there's hope on the horizon.

Then Jason talks with Ingo Winzer, founder and president at Local Market Monitor, about how his company is able to analyze 300 local markets and what elements are important for investors to pay attention to when examining markets on their own.

Key Takeaways:

[6:29] The graying of America

[11:10] Getting into real estate might seem expensive now, but it also seemed expensive in the 70s, 80s, 90s, etc and it's turned out pretty good

[13:16] The labor shortage in construction since the Great Recession is going to make ramping up construction difficult

Ingo Winzer Interview:

[19:08] Rents behave differently from prices because rents tend to move with income

[25:12] What Ingo bases his price forecast on

[30:49] How do you factor in retired people and those in the gig economy when factoring in the job market

[35:05] You need to figure out where the concentration of renters are in your market before you invest

Website:

www.JasonHartman.com/Cruise

www.LocalMarketMonitor.com