Staggering Low Housing Inventory in Suburban Real Estate Markets in 2020 (Creating Wealth 1457)

The low housing inventory in suburban markets means it is difficult for real estate investors to find rental properties to buy. Adam joins Jason on episode 1457 of The Creating Wealth Show to discuss the recent numbers on housing supply in suburban markets.
0:00 Introduction
2:00 Visit: PandemicInvesting.com
4:45 Adam shares some figures from Redfin on home search changes due to the coronavirus pandemic.
7:00 The suburbs rule. That perfect place fits on top of the normal distribution curve.
12:35 The bread and butter $100k homes are getting harder to find.
13:45 The year over year home supply down dramatically.
18:45 Jason breaks down a chart showing quarterly mortgage originations by type (purchase money loans, refinance loans).
20:40 The refinance business is through the roof.
23:35 The lesson from a history of manias: become your own best advisor.
26:25 The economy’s service sector, 2000-2017, is more than 77% of the entire GDP.
31:35 Looking at the GMP, Gross Metropolitan Product, of certain areas to watch the transfer of wealth out of places like NYC.

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