National Association of Home Builders CEO Jim Tobin discussed his 2024 projections of real estate, homebuilders, and mortgage rates. Tobin joined Yahoo Finance Live on January 18, 2024.
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🤣🤣🤣🤣🤣🤣 wrong 😂😂😂😂😂😂😂
….explain.
The expansion phase of the housing market cycle has been long overdue and is part of the reason why we’ve seen these historically high valuations. Yes building a lot is necessary and will help somewhat with affordability at least longer term. But the overall affordability problem isn’t going anywhere for many many people.
Really? There are a ton of investors who bought to rent and are way under water right now. They can’t get renters to pay the cost of the huge mortgages they took out.