What Do Dipping Sales Projections For Home Builders & Rising Interest Rates Mean For #DealHunters 🤔📉🏠

Foreclosure Deals Coach Podcast

Back like we never left and ready to serve up even more real estate and foreclosure news! Today, we take a look at the opposite end of the homebuying spectrum as it relates to our search for the best deals as we discuss homebuilders and the market for newly-built homes. We have seen home prices steadily rise over the past 3 years and new builds prices have followed suit. However, due to "lumber shortages," COVID-19, and lack of contractor resources, what it costs to build a home has seen a significant jump as well. With homebuyers gradually coming to grips with rampant market appreciation and the prevalence of 2% interest rates, most didn't bat an eye when they noticed the rising costs of homebuilding being tacked onto the sales price of their brand new home. Consumers buying power had been buoyed by low these low-interest rates, and if that allowed them to qualify for a home that would normally be out of their budget, then so be it. However as the Fed forecasts 6 MORE RATE INCREASES over 2022, will homebuyers start to sober up after years of being drunk on unsustainable financial flexibility? Additionally, how will home builders react to consumers' decrease in buying power as they look to continue their development projects? Sounds like an interesting conundrum, but as #DealHunters we know that chaos brings with it opportunities to get stupid rich 🤑 Listen up as Donny and Jonathan break down the implications of rising mortgage rates and waning home builder optimism.
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
RentReporters
Here's a link to the article Donny discussed in today's episode:
Homebuilders' Sales Expectations Drop Dramatically, As Mortgage Rates Soar

Want to get started?
Join the Foreclosure Deals Coach Insiders group on Facebook to begin your career in real estate investing. for even more information on foreclosure and real estate investing!

🚀 Master Foreclosure Investment with Donny
Learn the secrets with the "5 F’s of Foreclosure Investment System". Dive deep into properties, transform them into profits, and shape your financial future, all for just $49.
👉 Enroll Now
💡 Unlock Your Foreclosure Potential with Donny
Ready to secure a minimum profit of $25,000 on your first deal? Donny's "Do it with you" coaching model guides you step-by-step. Turn potential into profit.
👉 Schedule Your Call Now
🔥 Join the Foreclosure Experts
Step into our dedicated community. Gain expert insights, strategies, and connect with like-minded investors.
👉 Facebook Group
🌐 The Ultimate Foreclosure Hub
Equip yourself with the best-in-class resources, strategies, and updates from the foreclosure world. Your investment journey, elevated.
👉 Official Website
🤝 Network with Donny Coram, The Foreclosure Deals Coach
Forge connections, share your journey, or simply drop a hello!
👉 LinkedIn
👉 Instagram
Note: Some links may be affiliate. Your support keeps us creating quality content.