Pivoting as the Housing Market Runs Out of Steam
Successful Pivots as the Housing Market Runs Out of Steam.
In this podcast, you’ll hear why new home sales and construction have “run out of steam,” at levels many deem to be too low. What’s different this time from prior cycles includes:
- Banks – Two banking regulation laws (Dodd-Frank and FIRREA) that have held mortgage lending and construction lending, respectively, in check
- Municipalities – Local regulations, which have significantly reduced market rate affordable housing in good locations
- New business models – An institutional class single-family rental industry whose company values already rival the largest home builders in the country, as well as the proven viability of supplemental rental income thanks to Airbnb
- Societal aspirations – A shift to living closer to work and a willingness to make compromises to do so
Looking for a private loan for new construction or real estate development in the Midwest (Colorado, Utah, Texas, Wyoming)? Contact Broadmark Real Estate Management today for a quote.