Zillow Senior Economist: You DON’T Want Low Mortgage Rates

Episode #150

Everyone wants low mortgage rates again, but getting there might be one of the most economically treacherous roads many have ever faced. The sacrifice needed to get interest rates down would be substantial and lead to severe effects throughout the economy and all of our lives. After you hear today’s interview with Senior Economist at Zillow, Orphe Divounguy, you’ll know exactly what we mean.

Orphe’s team tracks anything and everything to do with the housing market. From home prices to migration, mortgage rates, new construction, and more, their finger is closer to the housing market pulse than most. But, if you want an episode where we talk about home prices coming back down and rates finally falling, this isn’t it. Orphe brings on the housing market facts and forecasts a future many of us didn't think possible just a few months ago.

We’ll go over home price predictions, what could cause rates to finally fall, underrated affordable markets, recession risk, and how to get started investing in real estate during such a tough market.

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Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb:
https://www.biggerpockets.com/blog/fannie-mae-expects-a-recession-is-there-opportunity-for-investors?utm_source=youtube&utm_medium=description&utm_campaign=none
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Rate-Locked Homeowners Nearly Twice as Likely to Not Consider Selling:
https://www.zillow.com/research/rate-lock-selling-32907/
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Connect with Orphe:
LinkedIn: https://www.linkedin.com/in/theecondoc/
Research: https://www.zillow.com/research/
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Show notes at: https://www.biggerpockets.com/blog/on-the-market-150?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

03:11 Zillow's Mortgage Rate Prediction

10:38 2024 Recession Risk

14:38 Home Prices Will Rise

21:48 Will Rents Fall?

22:47 Which Markets Have Supply?

25:45 The Most Affordable Market

28:30 How to Get In the Investing Game

33:53 The Next "Crash"

37:22 Connect with Orphe!

38:18 Build Your Investing Team!