High Rates and Low Inventory: Patrick Stone's Updated Outlook on the Market

Inflation persists impacting mortgage interest rates, and inventory is still scarce. But WFG Chairman and Founder Patrick Stone believes in the builders and an improving interest rate environment as we move through the year. In this episode, he delivers an upbeat forecast, but cautions there are several wildcards that could impact the economy and the real estate market conditions.

The real estate market is a media favorite for sensational headlines and clickbait. So it's no surprise the Missouri real estate verdict in the Sitzer/Burnett buyer broker commission lawsuit moved the needle. The outcome will no doubt change the way real estate agents conduct business, but to what extent? And how can the real estate industry come together to find consumer-friendly solutions moving forward? In this episode, WFG Chairman & Founder Patrick Stone offers perspective, insight and possible paths forward.

In a challenging time, its easy to be lured into social media posts, dire predictions and gossip about the economy and the real estate market. We are experiencing an unprecedented period, and while the circumstances may be different this time, its nothing new for our industry. In this download, WFG Chairman & Founder Patrick Stone calms concerns about market conditions and offers advice looking forward.

Expectations of lower mortgage interest rates this fall are no longer in the forecast and it appears Q4 of 2023 and at least the first half of 2024 will continue to be challenging for real estate professionals. So what should you be doing now to prepare for the next cycle? And when will the market bounce back? In this download, WFG Chairman & Founder Patrick Stone offers his advice for the here & now, and a forecast for the future.

In spite of dire predictions last year of another real estate market crash, home prices remain stable, competition is fierce is some markets, and consumers are adjusting to higher mortgage interest rates. WFG Chairman & Founder Patrick Stone remains one of the few voices of reason in the real estate industry, and correctly forecast the market we're in now. In this episode, he sets the record straight on today's sensational headlines, and offers advice to industry professionals. 

Headlines suggest a strong job market and slowing inflation. But WFG Founder & Chairman Patrick Stone always investigates what's beyond the headlines. Armed with that data and 48 years experience in the real estate industry, he sees things differently that most prognosticators. In this episode, Stone reveals what he's watching, and why the housing market could bounce back sooner, and stronger than most expect.

The spring real estate season has arrived but there hasn't been much change in market conditions. Mortgage rates are still higher than most consumers would like, housing inventory remains low, and until we see a significant uptick in construction these market conditions will hold. How long until things get moving again? What concerns are there in the meantime? In this episode, WFG Chairman & Founder Patrick Stone offers insight and direction.

Predictions of doom & gloom in the real estate market are beginning to brighten- and spring is still over a month away! What's driving this solid start? And why does WFG Chairman & Founder Patrick Stone feel so optimistic as we move through the year? In this download, he shares his reasons for optimism, along with key insight on The Fed, interest rates and why homeownership is more important now than ever.

There's no question the first half of this year will likely be the toughest real estate market ever. While the Great Recession was brutal, the industry was busy with foreclosures and short sales. This time, there are few transactions as the market is paralyzed due to higher rates, low inventory, and a significant lack of affordability. In spite of that, WFG Founder & Executive Chairman Patrick Stone explains why he's optimistic that things will turn around in the second half of this year. 

No one expects 2023 to be a good year in the real estate industry. So if you haven't already made the tough decisions, now is the time. In this episode, WFG Founder & Executive Chairman Patrick Stone offers a blunt assessment of the market and advice on how to manage through it. He also offers an optimistic outlook for the latter half of next year- with an asterisk.