Where is Housing Headed?
While some agents out there are having their best year yet, everyone in today's housing market has taken note of the market stagnation caused by the one-two punch of interest rates and decades of under-produced inventory. Politics and litigation are poised to make broad changes. Meanwhile states, like here in Washington State, are legislating new housing flexibility that will change the local landscape forever. Agents are right to ask, "How do I steer my business toward success?"
2024 will be a pivotal year for the housing industry. Do you have the information you need to take advantage of tomorrow's opportunities?
Robust housing unit goals, mortgage interest rates, energy code compliance, extreme lack of housing inventory, all-encompassing state housing bills, a struggling commercial real estate sector, an uncertain economy, and more have all left their marks on the housing sector this past year. What can we expect for 2024?
I have already been digging headfirst into the data, cutting through the hype, and doing the research needed to provide YOU with the full story. With over THREE decades of experience in this industry, I have learned there is always more to the story. Numbers from one organization are not enough; knowing how the numbers work together - from housing starts, government spending, interest rates, jobs data, inflation, and even the cost of lumber - and crunching those numbers in a meaningful way provide clues as to what we can expect in the market in the coming years.
Don't worry - I'll do the number crunching for you! That's why today I am announcing the 2024 State of the Market:
In fact, these are just some of the questions that I look forward to answering at my 2024 State of the Market:
- Where are mortgage interest rates headed?
- Will interest rate changes affect inventory and demand from buyers?
- How can we as a state build the housing needed to accommodate our growing population and provide housing at all income levels?
- How will HB 1337 and HB 1110 shape our real estate market in the years to come?
- What opportunities lie ahead for real estate brokers, builders, and developers?
- What can landlords expect in terms of tenant-friendly policies moving forward?
- What second home and short-term rental opportunity markets do I have my eye on?
This year's State of the Market will be completely online, allowing you to tune in from anywhere. Yes! Even on a beach in Costa Rica or in a ski chalet in the Swiss Alps - as long as you have internet, you can take part!
3.0 Washington State Clock Hours will be available for real estate brokers. In keeping with online clock hour class tradition, there will be interactive polls and participation requirements for attendees wanting clock hours.
I hope to see you at State of the Market!