Molly Wood , JCAL , Redfin CEO Glenn Kolman and Divvey CEO Adena Hefets share what’s happenning in the USA real estate market !
Interest rates rising, housing unaffordable, , growth doubled since 2020!!!
Divvy - rent owner company - great way to purchase a property with the support of a capital base . Individual rents a property - buyer picks a home - part of rent to purchase - pays more to own 10pc over 3 years and then takes a mortgage
gets people into property faster
Redfin Online realestate - charges 1pc - using technology to sell a property
- Raising interest - massive impact - debt to income ratio - you can buy less home !! Banks only lend a percentage of what you earn !!
- Demand falling off a Cliff - currently down 30pc demand - inventory building up !
- Tail of many cities - hitting various regions differently
- IBuyers , institutions , builder mark properties down weekly
- People can’t buy - need to rent
- Most rental mom and pop. Not institutional - won’t sell in a hurry
- 15pc to 20pc increase for new tennants
- Land lost cost of capital increasing to cover higher costs
- Lower vacancy
In Australia - openning up for international students , building costs increasing, limited supply , government support , Airbnb back - will this put a cap on property prices
What does this mean for property prices over next 5 years ?
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