Housing volume cycle vs. price cycle. For a housing downturn to occur, you have to have low inventory and stressed sellers. But with inventory and mortgage rates so low, Jason asks "Where is the distressed homeowner?" "Where is this so called 'crash?'"

Join Jason and Eric Basmajian of EPBMacroResearch.com for the second part of their conversation as they look at the nuances of the "housing market," discussing why he believes a housing crash is not on the horizon-yet, the market cycles happening in the cyclical markets like San Francisco, Los Angeles, New York, Chicago etc. its challenges and where it might be headed.

Key Takeaway:

0:47 Who’s driving the NAHB/Wells Fargo US Market Housing Index?

1:37 Residential Building Employees

2:31 Housing construction woes

4:37 Supply of US single-family homes

7:07 The Fed’s poison pill

8:53 Protecting the asset

9:32 Housing is the business cycle by Edward E. Leamer: Volume vs Price Cycle

11:02 Financial debt + household debt to GDP

12:07 The current volume cycle: less inventory

13:35 Price cycle is more vulnerable in the new construction market

14:55 Volume cycle in the large institutional home buyers

16:49 The monetary and fiscal policy response

18:15 Sell to get the rate of inflation down

18:51 Exploiting the last cheap labor market: Africa

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Join Jason today as he welcomes Eric Basmajian of EPB Macro Research to the show as they do a deep dive into the housing market. Jason also suggests that as investors we should REFRAME our mind in terms of the housing industry especially as we continue to see very low inventory.

Eric is an economic cycle analyst providing research on long-term and short-term trends in growth and inflation. With a degree in economics and experience at a quantitative hedge fund, Eric has developed a unique secular and cyclical framework to forecast major economic inflection points and the resulting impact on asset prices.

Watch the videoon YouTube HERE.

Key Takeaways:

Jason's editorial

0:47 The Right Frame

3:44 Reframing the housing market debate

5:32 It's all about investing for YEILD

7:38 5 Cities where at least half of millennials can't afford to rent a 1-bedroom

9:54 Rent- the second frame

10:26 Jason's 2 value drivers- scarcity and utility

Eric Basmajian interview

15:07 The new Paul Volcker?

16:25 Reframing the housing debate

18:26 The important thing is yield- not prices

19:13 Evaluating the volume cycle versus the price cycle

21:24 Inventory woes- there's nothing to sell! Disparities in the regional market

23:14 Real estate market as an indicator of the broader economy

26:00 Interest Rate Composite (Inverted)

28:03 MBA Purchase Index

30:12 US New Single Family Houses Sold

31:29 Months Supply: New Single Family Homes

32:25 NAHB/Wells Fargo US Housing Market Index

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Jason talks with Carla Cross from Seattle.  Carla is a real estate coach and author of: Up and Running in 30 days: A Proven Plan for Financial Success in Real Estate, On Track to Success in 30 days: Energize Your Real Estate Career To Become A Top Producer and Real Estate Agent’s Business Planning Guide. [...]

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/

Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron

Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com