{"id":3988,"date":"2023-03-13T06:14:11","date_gmt":"2023-03-13T06:14:11","guid":{"rendered":"https:\/\/frankbuysphilly.com\/heres-what-will-cause-mortgage-rates-to-finally-fall\/"},"modified":"2023-03-13T06:14:11","modified_gmt":"2023-03-13T06:14:11","slug":"heres-what-will-cause-mortgage-rates-to-finally-fall","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/heres-what-will-cause-mortgage-rates-to-finally-fall\/","title":{"rendered":"Here\u2019s What Will Cause Mortgage Rates to Finally Fall"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<h2 class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/h2>\n<p><\/button><\/p>\n<\/section>\n<p><strong>The <\/strong><a href=\"https:\/\/www.biggerpockets.com\/blog\/on-the-market-82\" target=\"_blank\" rel=\"noopener\"><strong>housing market<\/strong><\/a><strong> is stuck in a standoff<\/strong>. On one side, you have<strong> buyers, repeatedly beaten with high home prices<\/strong>, higher mortgage rates, and almost non-existent affordability. On the other, you have the <strong>sellers<\/strong>, who are <strong>sitting on low-interest-rate mortgages<\/strong>, unwilling to take a price lower than they want, waiting for rates to come back down, so the bidding wars begin all over again. This standoff has caused the housing market to come to a halt, with <strong>inventory at unbelievably low levels<\/strong> and no one willing to buy or sell.<\/p>\n<p>But <strong>weren\u2019t we supposed to be past this?<\/strong> When rates dropped earlier this year, the housing market looked like it was on a fast track to a real estate revival. But now, homebuyers, sellers, and investors don\u2019t know where to turn. And that\u2019s precisely why we brought on HousingWire Lead Analyst <a href=\"https:\/\/www.biggerpockets.com\/blog\/on-the-market-14\" target=\"_blank\" rel=\"noopener\"><strong>Logan Mohtashami<\/strong><\/a>, the one person who knows the real estate market better than the rest. Last time we had Logan on, he<strong> debunked the claim of a 2008-style housing crash repeat<\/strong>, and now, he\u2019s on to forecast when the housing market could finally reach a healthy point again.<\/p>\n<p>Logan knows <strong>why homeowners aren\u2019t selling, why buyers aren\u2019t bidding<\/strong>, and<strong> when mortgage rates will come back down<\/strong>. With some simple stats and data, Logan lays out almost exactly what would have to happen for us to enter a normal housing market and gives a rough timeline of <strong>when we can expect these changes to take place<\/strong>. And if you\u2019re still on the \u201cit\u2019s gonna crash!\u201d bandwagon, we\u2019d suggest sticking around for Logan\u2019s full explanation, as it may completely reverse what you thought was conceivable.<\/p>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/on-the-market\/id1615086704\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to listen on Apple Podcasts.<\/a><\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC6396279733\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Read the Transcript Here<\/h2>\n<h2>Watch the Podcast Here<\/h2>\n<p><div class='avia-iframe-wrap'><iframe loading=\"lazy\" title=\"The Buyer-Seller Standoff Holding the Housing Market Hostage\" width=\"1500\" height=\"844\" src=\"https:\/\/www.youtube.com\/embed\/w6pArQYn9S8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<p><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">?<\/span><\/iframe><\/p>\n<h2>In This Episode We Cover<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/mortgage-rate-outlook-2023\" target=\"_blank\" rel=\"noopener\"><strong>Mortgage rate forecasts<\/strong><\/a> and what has to \u201cbreak\u201d for rates to come back down<\/li>\n<li>Foreclosures, distressed sellers, and <strong>why there isn\u2019t more inventory on the market\u00a0<\/strong><\/li>\n<li><strong>Homebuyers vs. sellers<\/strong> and why neither of these two will make moves until the other does<\/li>\n<li><strong>2008 vs. 2023 <\/strong>and why a Great Recession repeat is a lot less likely than you think<\/li>\n<li><strong>What could cause <\/strong><a href=\"https:\/\/www.biggerpockets.com\/blog\/housing-market-affordability-has-crossed-a-concerning-threshold-in-the-u-s\" target=\"_blank\" rel=\"noopener\"><strong>affordability<\/strong><\/a><strong> to rise<\/strong> and help homebuyers get into properties<\/li>\n<li>Rent growth declines and <strong>why rents are starting to stall<\/strong> even as homebuying becomes challenging<\/li>\n<li><strong>The <\/strong><a href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-721\" target=\"_blank\" rel=\"noopener\"><strong>commercial real estate \u201ccrash\u201d<\/strong><\/a> and which sector is most primed for price cuts<\/li>\n<li>And <strong>So<\/strong> Much More!<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<h2>Connect with Logan:<\/h2>\n<p><i data-stringify-type=\"italic\">Interested in learning more about today\u2019s sponsors or becoming a BiggerPockets partner yourself? Check out our <\/i><i data-stringify-type=\"italic\"><a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/www.biggerpockets.com\/blog\/sponsors\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.biggerpockets.com\/blog\/sponsors\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">sponsor page<\/a><\/i><i data-stringify-type=\"italic\">!<\/i><\/p>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/on-the-market-86\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article The housing market is stuck in a standoff. On one side, you have buyers, repeatedly beaten with high home prices, higher mortgage rates, and almost non-existent affordability. On the other, you have the sellers, who are sitting on low-interest-rate mortgages, unwilling to take a price lower than they want, waiting for rates [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3990,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,1],"tags":[],"_links":{"self":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/3988"}],"collection":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/comments?post=3988"}],"version-history":[{"count":0,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/3988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media\/3990"}],"wp:attachment":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media?parent=3988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/categories?post=3988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/tags?post=3988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}