Navigating Current Real Estate Figures, Trends and Generational Shifts

The Brad Weisman Show

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Pete Heim is back w/ Brad!! Ever wonder how the real estate market has evolved over the decades? Worry no more, because we're unraveling the intricacies of the current real estate trends with our regular guest and industry expert, Pete Heim. We're looking at figures that haven't been seen in over half a century: an astounding 68.7% of homeowners with mortgages have a minimum of 50% equity. Foreclosure rates are at an all-time low of 186,000, a steep decline from the 2010 peak of 1.7 million.
But there’s more! We’re examining the profound influence of home ownership on net worth, featuring the intriguing generational differences between renters and homeowners. Generation Z is shattering norms by immediately buying homes after leaving their parents' nest, unlike their predecessors who typically opted to rent first. It's an eye-opening discussion about the importance of financial acumen in home buying and how the rise in home ownership has impacted net worth over time. So, gear up for an episode packed with valuable insights to help you navigate the current real estate landscape! #GenZ #Millennials #bradweisman #peteheim #foreclosures

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Welcome to The Brad Weisman Show (formerly known as Real Estate and YOU), where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife #realestateandyou

Credits - The music for my podcast was written and performed by Jeff Miller.

Chapter

1. Real Estate Market Trends and Statistics (00:00:00)

2. Impact of Net Worth on Renters (00:10:37)