Local Real Estate Market Data Report - Altos Research

Jason Hartman and Mike Simonsen from Altos Research discuss toxic low interest rates and their dysfunctional effect on the overall economy. Will these low rates lead to a further housing shortage? They also take a deep dive into local housing market data from Ocala and Jacksonville, Florida, and look at home price reductions, days on market and supply vs demand data using the Altos Market Action Index.

Check out part one of this interview here: https://www.youtube.com/watch?v=ljDVU...

0:00 Introduction
0:42 Institutional investors in the real estate market
2:16 Cheap rates are getting cheaper
3:31 New inventory = new construction
5:31 California Proposition 13 and property taxes
7:02 How high can the lack of housing inventory push prices?
8:31 Millennials are in their peak earning and buying years
9:57 Percentage of homes on the market taking a price reduction
13:35 Go to Altosresearch.com to see local market reports
17:03 "Days on market" peak frenzy 2021 data
19:13 Local market data for Ocala, Florida using the Market Action Index which looks at supply vs demand
22:46 Altos Research data covers every market in the country in price range segments
26:13 Market data for Jacksonville, Florida

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