When is something true? Excuses for Mortgage application drop? Listing photos?

Good Evening! Had a great if not brief show tonight. Here are some of the topics we covered.

When do you know if something you read or see is true? It would seem that there should be some weight given to defining what words are intended. What I mean by this is that people are taking what used to be common words and changing the definition without telling people. Many examples exist, but I used “affordable housing” as my example. One thinks affordable housing means houses available that are affordable. But it’s not. It’s a grift for certain groups, both government sponsored and private institutions. A favored developer for example.

We looked at an article that talked about what we might see in photos of listings in 2023. I didn’t agree for the most part.

Housing affordability is an issue. This definition (mine) would be houses that are affordable.

Finally, we see an article with an observation that maybe the main reason mortgage applications are down are not because of home buyer rate watchers, but that there simply just isn’t enough inventory to spur more buying to justify more buyers entering the marketplace.

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Mortgage Rates came in at 6.16 percent on a 30 year fixed today.

When is something true?
https://twitter.com/RVAwonk/status/1643709192958623745

https://twitter.com/mtracey/status/1643719672854982656

https://twitter.com/bennyjohnson/status/1643448943911526402

On the Twitter

Housing Bubble Disrespecter
https://twitter.com/NipseyHoussle/status/1643713084005990402

Darth Powell
https://twitter.com/GRomePow/status/1643775628066578432

Valorie M. Brown
https://twitter.com/valeriebrownre/status/1643669724604280832

Unusual Whales
https://twitter.com/unusual_whales/status/1643566399216926721

Real Estate News and Commentary

Listing Photo Trends?
https://www.apartmenttherapy.com/trends-in-real-estate-listing-photos-37240132

65 Million Americans Cannot afford to buy a 250k home?
https://eyeonhousing.org/2023/04/affordability-pyramid-shows-64-8-million-households-cannot-buy-a-250000-home/

Lack of listings affecting mortgage demand?
https://www.cnbc.com/2023/04/05/lack-of-home-listings-is-taking-a-toll-on-mortgage-demand.html

Sign of housing prices going lower?
https://www.realtor.com/news/trends/surprising-sign-home-prices-could-plunge-this-summer/

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