Is a hot housing market here to stay? EasyKnock’s Jarred Kessler explains
In today’s Daily Download episode, EasyKnock CEO Jarred Kessler joins the HousingWire Digital Team to discuss hot housing market trends in the U.S., how he thinks a second stimulus bill will impact Americans, and what may be ahead in 2021.
In this episode, Kessler also explains why he does not anticipate trends like mortgage rates rising in the upcoming year. According to him, given a struggling economy, coupled with a delayed stimulus bill which projects another four million jobs estimated to be lost, the trend may not reverse anytime soon.
Later in the episode, Kessler discusses The Commerce Department’s recent home sales data and his thoughts on the housing market’s lack of inventory.
“I do believe there’s a low supply, but I think that drop is not as much of a result of the supply in the market,” Kessler said. “It’s more that you just had better months prior.”
Kessler said while the housing market is on fire, he does not think the two dynamics of low-interest rates and low supply are necessarily sustainable.
“A lot of people in this country, their biggest assets are in their home, and they’re going to look to have to find ways to monetize that because they’re going to have no choices,” Kessler said. “So those two movies, of a good housing market and a very struggling economy are going to converge, and I think people need to pay close attention to that.”
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
HousingWire articles covered in this episode: