Let's Talk Housing Episode 18: Is Texas The Answer?

This exciting episode entails current market news and updates, Texas and Florida in recent years, zoning laws, Boomers, the Fed, and much more.
Have questions? We're all ears! Share them in the comments or drop us an email at [e-mail] for answers in upcoming episodes.
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Time Stamps:
00:00 Introduction
03:39 Current Market Update
04:40 Recent Economic Releases
09:40 Should We Turn To Florida/Texas?
11:28 Will Rent Prices Continue To Decrease?
13:45 Zoning Laws
15:32 Presidential Administration's 10 Step Plan
18:40 Answer For Boomer's To Move?
20:34 What Should The Silver Tsunami Really Be Called?
23:08 9 Million Boomers Selling Their Homes?
24:45 Frozen Spring Market
26:44 More Bank Failures?
28:56 What To Expect At The Next Fed Meeting
30:50 Goldman Sachs Believes Commercial Is Bottoming
31:56 Conclusion

[@aristotlekumpis7095]

I do consulting for an investment company. And they build new SFR's and multi family in both Texas and Florida. Rents are flat there, but the demand is still very high. I also see rents here in OC pretty flat but very competitive. Many of the would be buyers are looking rent a home now in the area where they want to buy in the future.

[@ReportsOnHousing]

That is a very good point. The data definitely supports what you are describing.

[@yume816]

Would you recommend buying in Sarasota Florida if you only plan to live there 5yrs? In other words, is 5yrs enough time to break even in this market?

[@ReportsOnHousing]

That is a great question that NOBODY can answer. Housing goes up in the long run. The issue is that it can vacillate up and down in the short run. Our projections are that mortgage rates will fall during the second half of this year and range between 6%-6.5%. Values will increase at a faster rate when that occurs. Yet, talking beyond this year is more difficult, because so much can happen. In approaching the purchase of a home, if you move in and stay for 7+ years, only the Great Depression and Great Recession took longer to move higher for those that purchased at the top. The current housing stock is at the strongest, healthiest point ever. The risk of a giant drop like those two instances is very small. For most markets, purchasing now and at least breaking even in 5-years is a safe bet. With that being said, all markets are local, and we do not have Sarasota statistics. I would rely on a local economic expert for specific markets.

[@JohnDaniel-oe4rq]

What about Texas?

[@ReportsOnHousing]

We talked about Texas and Florida. Do you have any additional questions, please elaborate.