I get to interview some of the smartest people in our industry for the Housing News podcast. I closed out Season 5 by interviewing Patrick Burns, CEO and co-founder of proptech company Spruce, about what's happening in title. We've seen a ton of M&A activity over the last year in that area, and lots of innovation, too.
"Going through a wave of innovation as we've seen in the real estate industry broadly, that's always going to be associated with an uptick in M&A as larger companies look to add to their solutions. I think that's good and I think that's healthy — I think that will make for a healthier ecosystem." (FYI, in addition to the great insight Patrick offers, listening to his Irish accent is a treat.)
Next week I'm kicking off Season 6 with Ed Pinto, director of the American Enterprise Institutes' Housing Center, to talk about first-time homebuyer tax credits and the inventory shortage. According to AEI's data, housing inventory today is the lowest it's ever been — ever. Keep a lookout for that on Monday.
Supply really is the big story right now. There are no easy answers and even the hard answers are going to take awhile to make a difference. In the meantime, lumber prices and the cost of regulatory compliance are still constraints on homebuilding. We're hosting a webinar on housing inventory next Friday, May 14, with Lead Analyst Logan Mohstashami and Haus Chief Economist Ralph McLaughlin. More details coming Monday!
In this episode, Steve Murray, RealTrends advisor and industry stalwart, examines what could cause the roaring housing market to slow down, discusses the new $15,000 tax credit and analyzes the audience for the aggressive, low-cost brokerage model.
Fannie Mae's Home Purchase Sentiment Index decreased by 2.7 points to 79 in April 2021 after four of the survey's six components decreased month over month.
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