Ep #69- Problems with Single-Family Housing & Rental Market + Crypto Market Uneasy About Fed Meeting

Welcome to the French Workbench Podcast and the Las Vegas Experience with Dan French. There’s a problem with the U.S. single-family housing market. “U.S. housing supply is dwindling once again as homes continue to fly off the market at record prices,” said Jeremy Sicklick, CEO of real estate data analytics firm HouseCanary. “For homebuyers, across the country we expect the shortage of homes for sale to extend well into 2022.” In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. “Selling out: America’s local landlords. Moving in: Big investors,” reads a Reuter’s headline from this July. “A $60 billion housing grab by Wall Street,” trumpets an October New York Times magazine story. Last month, Zillow said it was winding down its iBuying division, and courting corporate investors to buy its 18,000 homes remaining in inventory. Meanwhile, Redfin released a report with the headline: “Investors bought a record 18% of U.S. homes that sold in the third quarter.” But despite these headlines and recent developments, big investors and Wall Street play a small role in the U.S. single-family home market. Please comment if you have any questions, and hit that like and Subscribe button for more! _______________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Esmeralda Licea (702) 762-1888 745