Nick McLean, Reside Platform co-founder, interviews Lance Lambert, co-founder of ResiClub, a U.S. housing market media company. They discuss the interplay between low inventory and deteriorating eligibility, stabilizing prices. Lance explores "the Churn" in mortgage rates affecting the housing market, reasons for individuals having 100% equity, the rise in average age of homeowners, and the impact of Covid on short-term rentals. They delve into the "Tale of Two Markets," addressing supply issues, millennial involvement, and the evolving affordability landscape.
Video Contents:
00:00 Introduction
02:00 Lance Breaks Down the Current U.S. Market
06:16 What is “Churn”?
10:20 The Reason Most People Today Don’t Have A Mortgage
14:54 The Effect of AirbNb’s and Influx of New Landlords
24:02 The Tale of Two Markets & Millennials in this Market
31:40 The Wrong Information About Housing Market
36:10 Zoning Restrictions Impact on Supply
