In the latest episode of the Onward podcast, host and Fundrise CEO Ben Miller sits down with John Burns, a renowned expert in the housing market, to unravel the complexities of today’s economic climate and housing trends. With his vast experience and unique insights, John sheds light on current factors influencing the housing market, providing a comprehensive analysis that is both timely and relevant. Whether you're a homeowner, investor, or simply interested in economic trends, this episode offers valuable perspectives on the current state of the housing market and what lies ahead.
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John begins the conversation by emphasizing that, despite the softening economy and shrinking inflation, uncertainty still looms large. John delves into his housing market predictions, drawing from the Burns Economic Leading Indicator and the Housing Cycle Risk Index to highlight potential risks while pointing out the strengths that juxtapose today’s market from the 2008 Great Financial Crisis. This sets the stage for an insightful discussion on supply and demand dynamics, regional market variations, and the impact of institutional investors on the market at large.
Ben and John discuss the significant role of immigration and technological advancements (a well-known favorite topic of Ben’s) in shaping the housing market. He discusses the burgeoning built-for-rent sector and the influence of remote work on housing demand, providing a forward-looking perspective on these emerging trends. By the end of the episode, listeners are equipped with a balanced view of the housing market, with an appreciation of both the risks and opportunities that lie ahead.
