Jul 22, 2016
PLUS: Updates on some past stories Whether we blame supply and demand or just a change in the goals of buyers, the starter home seems to be making an exit. Construction has not been filling the "Starter Home" need for a long time. Prices have been pushing buyers into waiting longer and longer to purchase a home. All of this has conspired to make buyers adapt - and they have. When buyers are looking to buy a home now, they are simply skipping the idea of the starter home. They are making purchases with the idea of staying in the home for a decade at least - more than double the usual turnover for homes over the past 60 years! I cannot find anyone discussing how this is going to effect the market, but rest assured, this kind of change is going to fundamentally disrupt how things work in the real estate world. Nobody is calibrated to a new business model where buyers and sellers only tend to be active every 10 years. So, lets talk about how buyers, sellers and investors need to be ready for this new dynamic in the real estate market. Also, the show is now available on iHeartRadio! If you you are a fan of iHeart - make sure to check it out! Just do a search on "real estate realities" and the show should come right up! Please help the show by filling out the audience demographic survey. Also, to take part in this weeks poll or check out links to the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com #lending #starterhome #realestate #buyingcycle #buyers #sellers #investors #mortgage