July 28, 2025 • 32 mins
In episode 22, Zach and Pat dive into the latest real estate trends by examining why homes are staying on the market longer than before. Drawing insights from a trending Newsweek article, they discuss how shifting buyer behavior and current market conditions—like higher mortgage rates and affordability challenges—are impacting sellers and buyers alike. Discover practical seller strategies to help your property stand out, and learn where buyers can find new opportunities in today’s changing landscape. Plus, don’t miss our listener Q&A segment, where we answer your top real estate questions!
As we build toward Episode 25 and the next season of The Rent-ish Pod, make sure to follow and subscribe so you never miss the latest real estate trends, tips, and insights. Got a question you want answered on air? Email us at questions@therentishpod.com.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
UNKNOWN (00:00):
you
SPEAKER_01 (00:02):
Hey, everybody.
Typically, I'd start thisepisode off with a lot of
energy, but you may have clickedon this episode wondering, why
has the logo changed?
Why is the title called SupermanReview?
The answer, The Rentish is dead.
We've killed it.
This is now a podcast dedicatedto movie and television reviews.
Welcome.
My name is Zach.
This is my
SPEAKER_02 (00:23):
co-host.
SPEAKER_01 (00:23):
Are you on with that?
No, we're not.
What's going on, everybody?
Welcome to The Rentish Podcast.
I'm Zach, and I'm here with myco-host, Patrick.
What up?
We're your hosts for thispodcast.
about rental properties andhosted by two guys that work in
the real estate industry andsort of know what they're
talking about.
But
SPEAKER_02 (00:39):
mostly do not.
SPEAKER_01 (00:40):
Mostly we do not.
I like that.
You separated, you took thecontraction and you, what's it
called when you deceptive?
You contract.
Decontracted it.
I don't know.
That sounds like very official.
Yeah.
Decontracted,
SPEAKER_02 (00:56):
that word.
We're all formal here.
We're on the Rentish podcast.
Exactly.
I feel like we're rebranding.
No contractions.
SPEAKER_01 (01:02):
No contract.
I'm not using any contractionsthroughout the episode.
(01:32):
at TheRentishPod.
Email questions atTheRentishPod.com.
If you want to ask us anythingabout buildings or movies or
movies filmed inside buildingsor Superman, sure, ask us
questions about that.
You can check out some of ourpast episodes by going to your
podcast platform of choice,hitting that subscribe button,
hitting that subscribe button,and hitting the notification
(01:54):
bell as well so that you'renotified of all new episodes
that come out.
We would greatly appreciate it.
Also, on your podcast platformof choice, if you could hit that
little five-star review thing Orslide the scale, the happy
smile, all the way to the right.
We would greatly appreciate thatas well.
Or leave us a comment if you'reenjoying the show.
Patrick, I think that's all theplugs I've got to do.
How's your day going?
SPEAKER_02 (02:13):
Yeah, so far so good.
So far so good?
Yeah.
I am seeing Superman latertoday.
I've
SPEAKER_01 (02:19):
seen it twice.
Yes.
So we're not a movie.
Unfortunately, the producerswouldn't let me kill the podcast
so that we could do a moviepodcast instead.
So instead, they're going to get30 seconds of Superman talk,
which is, I saw it twice.
this weekend it's excellent it'sreally fun I would say check out
our last episode probably or oneof the episodes that's come out
(02:39):
recently by the point that timethat you hear this episode we
did an interview with withAlyssa who's a historic
preservationist and we talked agreat deal about the Cincinnati
Museum Center and the UnionTerminal featured beautifully in
Superman I'm excited and let metell you what they're one of the
coolest moments that I'll neverforget in as long as I live in
(03:01):
seeing movies when It wasopening night at Superman,
seeing it at the AMC Newport onthe river in Cincinnati.
And the first shot where theUnion Terminal shows up, the
whole theater erupted in cheersand applause.
That's awesome.
And I had chills overtake myentire body.
And I was like, I'm happycrying.
(03:23):
I'm Superman.
And so, yeah, I mean, this moviejust, it struck a chord with me.
I'm a huge fan of the character.
But yeah, I think it's a lot offun.
Very hopeful and optimistic,fun.
modern take on the character,and I think people will enjoy
SPEAKER_02 (03:35):
it.
I'm passively sort of eager tosee it.
UNKNOWN (03:39):
Sure.
SPEAKER_01 (03:39):
Can't wait.
I'm bringing earplugs to the
SPEAKER_02 (03:43):
office.
I'll let you know what I think.
SPEAKER_01 (03:45):
Alright, Patrick.
I'm going to do a galaxy brainmove here.
I was telling the producer whathe was going to say about this.
I brewed a cup of coffee, andthen I made a cup with ice in
it, and I'm about to make icedcoffee.
That's crazy.
Yeah, it's going to be freakingnuts.
Why don't you take a moment?
We've never done this beforewhile I pour this coffee and
undoubtedly make a gigantic messin the studio.
SPEAKER_02 (04:06):
Make sure you hold it right over
SPEAKER_01 (04:08):
your laptop.
Right over the laptop, yeah.
Why don't you do a briefoverview of what listeners can
expect on this episode of TheRentish Pod?
Yeah.
So today...
Wow, you actually crushed that.
I nailed it,
SPEAKER_02 (04:21):
y'all.
Absolutely nailed it.
Cheers.
Nice, and you picked a goodamount, too.
I thought that was going tooverflow.
SPEAKER_01 (04:27):
12 ounces of...
motor fuel right to my brain
SPEAKER_02 (04:33):
but yeah so today on the rentish podcast we're gonna
go over uh some sort of articlethat i definitely read about why
why homes are sitting uh is kindof like the general gist of
things and we're gonna go oversome listener questions so i'm
excited to discuss this articlethat i'm such expertly
(04:53):
knowledgeable about
SPEAKER_01 (04:54):
okay well then let's dive in Why are homes sitting?
It sounds like the start of apunchline.
It's like, is your refrigeratorrunning?
Yeah.
Then you better catch it.
It's like, why is your housesitting?
Because I hired a babysitter.
Oh.
House sitting?
Babysitter?
Yeah.
Help me out here.
There's got to be a funnier jokewe can roll with on this one.
(05:15):
Why is your house sitting?
Why is your house sitting?
SPEAKER_02 (05:18):
It was tired of standing.
SPEAKER_01 (05:19):
It was tired of standing up?
SPEAKER_02 (05:21):
That's not very good either.
It's cute.
Yeah.
SPEAKER_01 (05:23):
Ooh, we're going to workshop these jokes on the
social media.
Comment A or B, which one youlike better.
Yeah, so why are homes sitting?
What it means for buyers?
What it means for sellers?
Based on the July 12th, 2025article by Julia Carbonaro.
It's a lovely sounding lastname.
It's a great pasta as well.
And this is from Newsweek.
(05:45):
Patrick, did you read theCarbonaro article?
Yeah,
SPEAKER_02 (05:47):
I did.
Yeah.
It was really good.
Yeah.
What was your
SPEAKER_01 (05:50):
favorite part?
SPEAKER_02 (05:51):
My favorite part was the part where...
They have a graph, though.
It's some sort of graph in thearticle here.
Okay, yeah.
It's like a bar graph.
I really liked that part.
SPEAKER_01 (06:00):
Are you a big bar graph guy or a big line graph
guy?
Where do you land?
I like the pie charts.
okay all right patrick well itturns out uh well okay so before
we get into it then tell me whatdo you think it means to be why
why why home sitting i have aconfession to make i didn't read
(06:23):
the article oh okay well then doyou want to guess what it's
about what
SPEAKER_02 (06:27):
why is your house sitting why is your house
sitting so my my just immediateguess is that that that means
your house isn't like selling isthat what that means it's just
kind of sitting on the market.
It's not...
Or it could also mean it's theprice of the house is not...
appreciating or it's like, likeit's not gaining value over
(06:49):
time.
My guess is it means one ofthose two things.
SPEAKER_01 (06:51):
Okay.
Those are two solid guesses.
Yeah.
Let's do a little bit ofdigging.
Shall we?
The U S housing market is in astrange spot right now.
Prices are still high, but homesare sitting longer and inventory
is rising yet.
Buyers are still holding backthe result, more unsold homes
than we've seen in years and amarket that's starting to shift.
So basically it was your firstthing, whereas houses are going
(07:12):
for sale and they're justchilling.
Yeah.
Jay chilling signs out front ofthe No one's looking at it.
No one's calling.
No one's doing whatever.
It's just sitting there.
SPEAKER_02 (07:19):
And this is like a recent, because I know like a
couple of years ago, it was justkind of like you put the house
on the market,
SPEAKER_01 (07:23):
flies off.
You picked up within the hour.
Yeah, right.
Yeah.
So yeah, I think that a lot ofit's due to the shifting in the
market.
And that's what we're going tokind of talk about here.
So there's a few talking pointsfrom the article.
Again, this is the Newsweekarticle.
Sorry, Julia Carbonaro.
Don't want to mispronounce yourname, even though it's giving me
an idea of what to cook fordinner.
The first talking point,inventory is surging nationwide.
(07:46):
As of June 2025, unsold homeswere up 20% compared to last
year.
Wow.
Yeah.
Okay.
20%, which is a high numberconsidering how many people are
not actively trying to buy rightnow.
Or like the market, the amountof people that are just like,
oh, the market's tooprohibitive.
I can't get in.
I don't want to buy a houseright now.
SPEAKER_02 (08:05):
Right.
20%.
So that's interesting.
Here, I'll let you continuebecause I've got some questions.
Yeah.
Give me them.
Oh, Chanel.
SPEAKER_01 (08:13):
No, give me them.
What's your question?
SPEAKER_02 (08:14):
Okay.
So the houses aren't sellingwhich would lead me to believe
that because it's been like theseller's market the past couple
years yeah it does this mean isthis like the start of the
market kind of flipping back tolike a buyer's market like
prices are going to become alittle bit more reasonable with
more uh possible yeah it'spossible okay
SPEAKER_01 (08:33):
it's possible yeah i mean well at a certain point
it's just like anything like ifyou have too much of something
not enough people are buyingwhat do you got to do yeah you
got to lower the price you gotto lower the price you got to
make it more enticing yep uhtotal housing inventory jumped
28 So yeah, I mean, inventory,there's a lot of houses and it's
(08:59):
not being snatched up asquickly.
So then what happens?
Well, here's the weird part.
Prices are still creeping upeven with fewer buyers.
In fact, the median list pricein June,$440,950, which is up
0.2% year over year.
So it's a small increase, butit's still an increase.
And even 0.2% when a$400,000house is in question, it's still
(09:23):
a fair bit of money.
Median sale price hit a record$399,000, which was up a whole
1% year over year.
So 20.7% of listings had pricecuts, the most for any June
since 2016.
Okay, wow.
Yeah.
So that's
SPEAKER_02 (09:41):
good for buyers.
That is good for buyers.
It sounds
SPEAKER_01 (09:44):
like.
But the prices are still goingup.
Yes,
SPEAKER_02 (09:47):
but they're not accelerating as much, right?
SPEAKER_01 (09:49):
They're not accelerating as much and there's
a higher percentage of pricecuts.
Yeah.
So there might be that kind oflike– and this would be cool to
get like an expert's opinionhere, but like– Maybe they're
fishing to see what the highestprice they can get would be and
then trimming it back down tosee where they'll meet in the
middle.
SPEAKER_02 (10:05):
I also wonder because I know there was like
there was a point where it'slike somebody would list their
their house and then there waskind of like an auction like
I'll pay this much over and thensomebody else you know so I
wonder if there's like peoplejust kind of got not greedy but
just like oh let's you knowlet's see how since the market's
so bad right now let me see howmuch I can get on this house
that's not actually worth howmuch I'm listing it.
SPEAKER_01 (10:25):
Well that was like the joke like not even too long
ago like right after I feel likeright as the pandemic was
starting to cool down, thehousing market was absolutely
nutter butters.
And it was like, people would belike, let's put$500,000 on this
1,000 square foot house and seewhat happens.
It's like, people would buy it.
So it's like, I think that,yeah, there is a fair bit amount
of fishing to see how crazy canwe get still.
(10:47):
We want to see if there is theperson that's still willing to
pay a premium or a luxury pricefor something that's worth a lot
less.
Yeah, got it.
And that's kind of evening outnow, it sounds like.
Seems like it.
So it's a tale of two markets,south and west.
More inventory, longer time onthe market, and softening
prices.
And then there's the northeastand midwest, which is still
tight supply and high prices.
(11:08):
Even within cities, trends varyby neighborhood and price point.
So I think basically that to besummarized is that it's going to
be different everywhere.
One part of the country is notgoing to have the same level of
price cut as another.
You're going to have to look forall these sort of details.
Sounds exhausting buying ahouse, doesn't it?
It does.
It really does.
Producer Musse is shaking hishead.
Or nodding his head.
SPEAKER_00 (11:29):
Yeah, it's tough.
I mean, it's like, I think it'slike similar to dating.
Like, it's like something isgood here and then you're like,
I don't know about this.
Or it's kind of like.
Buying your car is like, oh, Ilike this car, but it's too
much.
I like the dating
SPEAKER_01 (11:45):
analogy.
It's like dating.
Sometimes you swipe right,
SPEAKER_00 (11:51):
sometimes you swipe left.
You've got to make sure you havesomeone that's a good realtor if
you're using one.
Sometimes you get stood up at anApplebee's.
SPEAKER_01 (12:01):
Oh, has that happened to you?
No.
That sounded so real that I waslike, I wonder if Patrick's ever
been stood up at an Applebee's.
You ever been stood up before?
I asked her to come watch anAkira Kurosawa movie, and she
said no.
SPEAKER_02 (12:18):
Not stood up, but, like, canceled last.
I've never been waiting and not,you know, but, like, canceled
last second.
That has happened multipletimes.
So you weren't left alone in anApplebee's getting your dollar
eaters.
No, but there was a point whereme and this one girl in college,
we were supposed to watch IlPastore or something, some
Italian movie from the 60s thatI had just bought on Blu-ray and
(12:40):
was so excited to watch.
But she was like in a film classand she had expressed interest
in watching it.
And then after like two weeks ofher canceling, I'm like, yo, I'm
just gonna watch this.
SPEAKER_01 (12:52):
So to summarize, make sure that you're finding
the right house.
It's a lot like dating.
All right, mortgage rates arehigh, surprisingly, but not as
high as last year.
So a couple more stats here.
The daily average 30-year fixedmortgage as of July 9th is
(13:13):
6.77%, which is down from 7.01%in 2024.
So not a huge shift, but whenyou're talking mortgage
percentages, it's all important.
I feel like every decimal addsup in the long run.
The weekly average is about6.67%.
median monthly payment is about$2,708, which is the lowest
(13:36):
since early March.
So mortgages, high, but not thathigh, or at least incrementally
a little bit lower than theywere before.
Okay.
I mean, that's something.
That is something.
That's kind of this wholearticle is like, you know, the
faintest whisper of maybe goodnews turning back around to the
buyers, but it's also just kindof like every stat from this
(13:57):
article.
It's a fascinating piece.
Again, go check out the article.
It's on Newsweek, but it's alsolike, so it's a little bit down.
What does that mean?
Will it hold?
Will it keep going?
No one really knows.
That's kind of this whole thing,you know?
SPEAKER_00 (14:13):
Yeah, I would summarize it like a standstill
because prices are refusing tochange and buyers are
retreating.
Yeah,
SPEAKER_01 (14:24):
but the The cut prices or what the price drops,
price cuts, those are suddenlygetting a bump up too.
So, you know, maybe thatcorrects itself eventually.
It's just like we don't know.
We're just kind of like lookingat the base data on the page and
kind of like guessing what'sgoing to happen.
You know, who knows?
But Patrick, a couple questions.
Is now a good time to buy?
SPEAKER_02 (14:43):
I guess that depends on various situations like where
you are and what your current
SPEAKER_01 (14:49):
financial situation is.
SPEAKER_03 (14:51):
That's
SPEAKER_01 (14:52):
true.
I feel like that's a point wetalk about every single week
where it's just kind of like, isit the right time to get into
it?
Probably.
I mean, if history shows, it'skind of like the market
continues to go up and up and upand up.
And it's like it has these minorincremental dips and dives.
But that$200,000 house that youcould afford right now may not
be that price forever.
If you can buy now, I
SPEAKER_02 (15:11):
think there's no better time.
You
SPEAKER_01 (15:13):
never know.
SPEAKER_02 (15:13):
know I'm not ready to buy now but
SPEAKER_01 (15:15):
yeah you know do you do a lot of thinking do a lot of
soul searching make sure thatyour financials are in the right
area and then like you know gotto find the right fit it's like
dating just like me say so arewe headed for a price crash
because we're all we're all very
SPEAKER_02 (15:30):
well attuned to the market and yeah I feel like if I
had an answer to that you know Iwouldn't be sitting in this
podcast where I'm learning aboutreal estate you'd be
SPEAKER_01 (15:39):
a lead character in the big short yeah right uh
Yeah.
I mean, not necessarily, I thinkis basically the answer.
There's pressure on prices, buta lot of sellers are choosing to
wait it out instead of justright out slashing prices.
So I think that home sittingagain, like to go back to the
very, like the title of thearticle is that like, I feel
like we may see this for a whilelonger is like, I don't want to
(16:02):
give up and sell the house andtake less than what I could get
for it.
People are just holding ontothese properties, letting that
for sale sign, get a little bitdusty on the front yard as they
wait for someone to come alongand buy the property.
So you never know, but it couldput pressure on more prices
going down.
But yeah, what will the momentumlast?
It kind of just depends onmortgage rates, job stability,
(16:24):
whether sellers stay patient orcome back with better deals.
I mean, like we were in a veryeconomic, economically
fascinating time to say theleast right now in the US.
So it's like, who knows whatit's going to look like.
But yeah, I mean, for sellers,though, the biggest shift since
last year is probably just thathomes are just sitting longer
and buyers have more options sothat's kind of one thing to
(16:46):
consider if you're a seller isthat like if your house is just
sitting out there so are dozensand hundreds of others where
people are going to have theiridea to be able to like more of
like a garden to pick and choosefrom as opposed to just like
this is the only option it maybe$50,000 more than I want to
spend but it's the only optionif it works for me right now
because I'm buying so I'm goingto have to buy it yeah I feel
(17:07):
like that was the vibe a fewyears ago right now it's like
there's more options I feel likeI casually look at do you ever
look at Zillow and just look atthe houses for sale just every
now and then just to kind oflike gander.
It's like there's tons.
I feel like there's a lot morethan there were four years ago.
Yeah, I agree.
I don't know.
But should sellers list now orwait?
If you need to sell, I would saybe prepared to negotiate.
(17:29):
But if you don't negotiate,you're not alone.
Many are pulling listings towait for stronger conditions.
So I don't know.
Let's say hypothetically,Patrick, you owned a property.
Would you sell it, right?
SPEAKER_02 (17:38):
No, I personally would.
Unless I had to, right?
But like, yeah, I don't thinklike now is like the moment I
would sell because I'd want toget a renter, get that passive
income, let that property justappreciate.
Get
SPEAKER_01 (17:50):
that passive income.
SPEAKER_02 (17:53):
Yeah, I mean, me personally.
But again, if I...
You had to move or something.
It was my residence.
Yeah.
We should do this as a topic.
What would
SPEAKER_01 (18:00):
you name your property management company?
If you had to open up a propertymanagement company, what would
you call it?
I have no idea.
Thanks for putting me on thespot.
What do you think?
Property management company.
You got to name it.
SPEAKER_00 (18:10):
M&M.
Maggie and Moussa.
Oh.
Is that your actual propertymanagement name?
M&M Property.
You should make it that.
We should.
Yeah.
We only have one unit, so wedon't really need to...
SPEAKER_01 (18:23):
I would call my property management company Rent
With Us I Dare You Incorporated.
And what about you, Patrick?
SPEAKER_02 (18:32):
Patrick's Pretty Properties.
Triple P.
SPEAKER_01 (18:36):
All right, let's get out of this article.
So yeah, sitting houses,something to keep in mind as the
market continues to shift.
Again, if you're a buyer, ifyou're a seller...
listening to, you know, findinggood resources about the market,
the current trends, doing yourown research, making sure that
you're prepared financially forboth sides of the coin.
If you're selling your property,you gotta make sure that you're
(18:58):
ready to have all that stuffdeal with, like with, you know,
the cost of selling a property,the making sure, like all of the
steps that need, the timemanagement, the time that goes
into selling a property.
If you're a buyer, you need tomake sure that you're well
equipped to like make sure thatyou can pay everything.
It's a whole complicated thing,but you need to make sure that
you're, you know, Watching themarket, making sure that it's a
right time for you as anindividual.
(19:19):
Right.
Because it is not going to bethe same for everybody.
That's it with the news.
Thanks, Zach.
You're welcome.
I'm going to take a sip of myiced coffee now.
Yeah.
Q&As.
I think it's time to take a lookinto the listener questions.
Yeah.
So do you want to open up themailbag, Pat?
(19:41):
Let's do
SPEAKER_02 (19:42):
it.
Or do you want to go first?
Yeah, I can go first.
Yeah.
So today we've got Tasha R.
from Charlotte, North Carolina.
Tasha R.
is wondering, if I don't have20% for a down payment, should I
still try to buy right now?
Actually, I feel like we learnedthe answer to this a couple
weeks ago, right?
SPEAKER_01 (20:01):
Yeah, when we had, was it John on the podcast?
He was kind of teaching us aboutsome of those first-time buyers
loans that you can get for thosedown payments.
Like the FHA.
Yeah, and not being toointimidated by a high down
payment amount.
Yeah.
A lot of people don't have thatamount of money.
And so it's like there's a lotof these loan programs that you
(20:22):
can go through to make that alittle less of a burden on you.
So I say if you don't have 20%for a down payment, you should
still buy if it's right for you.
Obviously, don't put yourself incrippling debt if you don't have
that money and you're trying todo it.
But it's like there are ways–there are smart ways to use the
system in place to help coversome of those costs.
SPEAKER_02 (20:44):
Yeah, well said.
And a note here from– one of ourproducers is you will likely
need to pay mortgage insuranceif you go lower than 20%.
So that's something to keep inmind.
I don't know what all thatentails, but that's definitely
something
SPEAKER_01 (20:58):
to
SPEAKER_02 (20:59):
think about.
SPEAKER_01 (21:00):
Yeah.
Do you know what mortgageinsurance is, Moussey?
It's
SPEAKER_00 (21:03):
PMI.
So it's essentially they want tomake sure that the mortgage
wants to make sure that you willpay every month, essentially.
And so there's like an insurancethat you're paying into.
SPEAKER_01 (21:17):
So it's like you're paying for overdraft protection
basically on a mortgage.
Yeah.
That's interesting.
I didn't know that that existed.
Yeah.
Learn something new every daywith The Rentish.
Like and subscribe.
I'll go next.
Miguel D.
from Albuquerque, New Mexico.
(21:43):
Choking on my ice coffee.
Miguel D.
from Albuquerque, New Mexicowrites, what's the deal with
people pulling their homes offthe market?
Is that common?
Sorry for the Seinfeldimpersonation, Miguel.
Yeah, what's the deal, Patrick?
What's the deal with peoplepulling homes off the market?
What's the problem?
SPEAKER_02 (22:01):
Yeah, so that's happening more now.
And we briefly touched upon thisin the article, right?
But some sellers don't want todrop their price, right?
in the way that prices have beendropping, especially recently.
So they delist and are waitingfor a better seller's market, I
guess, better
SPEAKER_01 (22:21):
conditions for themselves.
See, this is a fascinating thingbecause it's like, I almost
wonder, it's like, okay, so I'mtalking through this in my brain
as I'm saying it, but it's like,I don't see what the point would
be in delisting if you justleave it and just wait, but then
it's like that might causetrepidation from buyers because
they see this place that's beenon the market for however many
days and hasn't sold.
(22:42):
So it's like I kind of get that,but is that the only reason?
Can you think of any otherreason why you would just delist
a property?
SPEAKER_02 (22:48):
You decided that you wanted to sell, and then the
next day you're like, well,never mind.
SPEAKER_01 (22:54):
Dude, change your mind.
I'm going to sell my house.
Never mind.
I'm going to keep it.
Yeah, no.
I don't know if that's legit.
SPEAKER_02 (23:02):
I don't...
Yeah, I'm not 100% sure whatanother...
Like, what do you think?
SPEAKER_01 (23:06):
I don't know.
That was the only one I couldthink of is that, like, you
don't want to have that, like,the Zillow Scarlet A, whereas
it's, like, 100 days on themarket.
Like, you see those propertieson Zillow and I'm always, like–
And people are
SPEAKER_02 (23:17):
wondering what's wrong with
SPEAKER_01 (23:18):
them.
What's wrong with you.
Yeah.
Yeah.
It's, like, I don't– some ofthose I don't even look at
because I'm just, like, thishouse has been on the market for
100 days.
SPEAKER_02 (23:24):
Yeah.
SPEAKER_01 (23:24):
So it's, like– but besides that, I can't really
think of it because it's, like,if you just let a house sit,
eventually someone is going toput in the price that you want,
right?
SPEAKER_02 (23:32):
Yeah.
SPEAKER_01 (23:32):
Yeah.
SPEAKER_02 (23:34):
I mean, that makes sense.
That makes sense to me.
I mean, I
SPEAKER_01 (23:37):
might need to jot that question down for like a
future professional.
Um, if we have a, like aproperty management expert, like
one of our friends come in andtalk with us on another episode,
we'll have to ask him aboutthat.
That's a good question.
Okay.
Jenny
SPEAKER_02 (23:50):
L from Des Moines, Iowa asks, do you think Gen Z
will ever actually be able tobuy homes?
UNKNOWN (23:56):
Um,
SPEAKER_02 (23:56):
I
SPEAKER_01 (23:56):
don't know Gen Z.
Great question.
So before the pot, I was like,do we have a Gen Z person we can
bring in for this question?
And then I realized, I was like,oh, my co-host is a Gen Z-er.
Yeah, I mean, it's definitelylooking
SPEAKER_02 (24:10):
tougher.
It's looking rough.
It's definitely looking rougherthan probably for other, you
know, older generations.
SPEAKER_01 (24:19):
I feel like it's just a funny punchline.
It's like, will Gen Z ever beable to actually buy a home?
It's like, yeah.
I think we will.
Not all of them.
Not all of them.
The same way that not there willbe a percentage of my generation
that goes through their entirelifetime without buying a house.
That's just kind of the realityof the world that we live in.
Right.
We got what?
Six billion people on Earth.
(24:40):
How many people on this plane?
Eight billion.
Eight billion.
Yeah.
More than that.
There ain't eight billionhouses.
Not last time I counted.
SPEAKER_02 (24:49):
So I really do think I plan on buying a house, you
know, hopefully within the nextfive to seven years is my plan
as a Gen
SPEAKER_01 (24:59):
2.
Why are you laughing at that?
What was that chuckle for?
Producer chuckled at five toseven years.
Do you think that's anunrealistic...
SPEAKER_00 (25:06):
I thought he was going to say in a couple years.
Three to seven years.
Two to seven
SPEAKER_02 (25:12):
years.
Realistically, five years.
I think that's a totallyreasonable time frame for
someone his age.
By the time I'm 30, I was kindof...
No, that's
SPEAKER_00 (25:23):
great.
SPEAKER_02 (25:23):
Yeah, I think I obviously like it's, you know,
and you hear about how likeexpensive house or how
inexpensive houses were likewhen my parents bought a house.
It's just like, oh, that wouldbe nice.
But but yeah, I mean, I thinkit's I think it's well within
the realm of possibilities.
And I think like, for example,learning about like an FHA loan,
(25:44):
you know, like even if I am in asituation where I can't afford a
larger down payment, it's justlike, yeah, there's there's
there are ways to get to buy ahouse that I can utilize.
I'm learning more about as we'vedone this podcast, which I think
is like the whole point.
Building that knowledge base.
SPEAKER_01 (26:03):
Also, you could just go to the casino and win the
house money in one night.
That's a good point.
It's like, oh, I'm
SPEAKER_02 (26:09):
halfway there.
Let me put my life savings on
SPEAKER_01 (26:11):
red.
Put it all on red.
No.
All right.
Next up, Andre W.
from Oakland, California writesin and says, why do people say
buying a home is a hedge againstinflation Do you know what that
means?
So, I'm
SPEAKER_02 (26:26):
guessing is it a way...
I know the term hedge your bets.
SPEAKER_01 (26:31):
Yeah, that's what I was thinking too.
SPEAKER_02 (26:32):
Hedge against inflation.
I'm wondering if that means kindof beat inflation or go with
inflation.
Is that kind of what that means?
SPEAKER_01 (26:39):
I think so, yeah.
Rent tends to rise withinflation, but a fixed mortgage
stays the same.
So locking in a monthly paymentnow helps you avoid future
increases in housing costs.
So it's like that's kind of likehonestly– so buying a house for
me, I'm probably looking in thenext year.
But– A huge driving factor inthat for me is that I'm sick of
(27:01):
rent increases.
It's like, when is it gonna beunsustainable that rents are
just continuously rising?
It's like, rent's going up$50this year.
Rent's going up$100 this year.
It's like, okay, so at whatpoint am I paying$4,000 a month
for this place that I wasrenting for$1,500 not that long
(27:23):
ago?
So it's like, I, you know,having that fixed rate and
knowing exactly what it's goingto be and guaranteeing that's
not going to change, I thinkthat that's a huge driving
factor in making sure thatfuture budgeting is accounted
for because it's like jobs come,jobs go, opportunities come and
go.
It's like you don't know whereyou're going to be at in life,
(27:44):
but it's like having a fixedprice of what you're paying to
live is kind of important.
SPEAKER_02 (27:49):
Yeah, makes sense.
Yeah,
SPEAKER_01 (27:51):
I just think it's crazy.
Like rent, the fact that it's so– It's so volatile.
The rent can just go up at anytime.
It's crazy.
I don't know.
But yeah, that would be mybiggest thing.
SPEAKER_00 (28:01):
My thing is it would be interesting to see because
when I was speaking to myin-laws, they bought this nice
home in Westchester in the 90sfor like$100,000 or like$95,000.
And now it's sold for like$500,000.
But then I'm thinking like,okay, were they getting paid– Is
(28:25):
it equal to now?
It's not.
No, it's not.
SPEAKER_01 (28:28):
No, it's not.
SPEAKER_00 (28:29):
People
SPEAKER_01 (28:30):
were making more, not adjusted for inflation, but
making more money and thingscosted less.
Now things cost more and peopleare making the same money, if
not less.
That's just insane.
That's how you get depression.
SPEAKER_02 (28:45):
Everything's gotten more expensive except basically
salaries haven't increased atthe same rate as everything
else.
SPEAKER_00 (28:53):
I think then that's why that Gen Z question is legit
because I think a lot of peopleare worried about even just like
the basic stuff that they don'teven have time to think about
buying a house.
You know what I mean?
SPEAKER_02 (29:05):
No, I think it's definitely legit.
I think that like Gen Z as awhole won't be able to buy a
home.
I think that that's just not,that's like a little bit.
Oh yeah, that's too blanketed.
Yeah, it's too blanketed.
But yeah, I mean, I think Gen Zprobably, I mean, you know, just
as we've seen inflation go andstuff the past 10 years even,
like it's definitely, you know,tougher, I think than it would
(29:25):
have been 20 years ago.
SPEAKER_00 (29:27):
And I think the, quote unquote, American dream
has changed for generations.
So, yeah, I would like to seethe stats on that.
Like every generation who's beenrenting more versus who's been
buying homes.
Yeah, that would be interesting.
SPEAKER_01 (29:43):
It would be.
Maybe it's something we shouldtalk about on a future episode
of the Rentish Podcast becausethis one is ending.
Thank you for listening toanother episode of the Rentish
Pod.
Yeah, thanks for getting throughthis one.
It was a whole lot of fun.
Patrick, I feel like we learneda little bit, laughed a little
bit.
Check with your experts, asalways.
We just got to put that at theend of every episode.
(30:04):
Follow the show a bunch ofdifferent ways.
You can go to The Rentish Pod onsocials if you want to follow us
on Insta and stuff, or you cango to Spotify, Apple Podcasts,
wherever you get your podcasts,and you can download the show.
Like us.
Give us a follow.
Give us the notification thingif you want to be alerted when
new episodes go live.
And give us a rating.
(30:26):
Take your finger, put it on thestar, go all the way to the
right as far as it goes.
10, 5, 20, wherever you getthere.
And rate the show.
Give us a comment.
And yeah, send us an email.
Questions at TheRentishPod.comjust like Andre, Jenny, Miguel,
and Tasha did.
Thank you guys for being loyallisteners and thank you for
writing into the show.
(30:46):
If you want to hear what, youknow, just ask us any question.
Move movies television uh iguess properties management and
some real estate in some respectyou can ask your questions there
too but thanks for listeningi've been zach that's been
patrick and we'll see you nexttime
you
SPEAKER_01 (00:02):
Hey, everybody.
Typically, I'd start thisepisode off with a lot of
energy, but you may have clickedon this episode wondering, why
has the logo changed?
Why is the title called SupermanReview?
The answer, The Rentish is dead.
We've killed it.
This is now a podcast dedicatedto movie and television reviews.
Welcome.
My name is Zach.
This is my
SPEAKER_02 (00:23):
co-host.
SPEAKER_01 (00:23):
Are you on with that?
No, we're not.
What's going on, everybody?
Welcome to The Rentish Podcast.
I'm Zach, and I'm here with myco-host, Patrick.
What up?
We're your hosts for thispodcast.
about rental properties andhosted by two guys that work in
the real estate industry andsort of know what they're
talking about.
But
SPEAKER_02 (00:39):
mostly do not.
SPEAKER_01 (00:40):
Mostly we do not.
I like that.
You separated, you took thecontraction and you, what's it
called when you deceptive?
You contract.
Decontracted it.
I don't know.
That sounds like very official.
Yeah.
Decontracted,
SPEAKER_02 (00:56):
that word.
We're all formal here.
We're on the Rentish podcast.
Exactly.
I feel like we're rebranding.
No contractions.
SPEAKER_01 (01:02):
No contract.
I'm not using any contractionsthroughout the episode.
(01:32):
at TheRentishPod.
Email questions atTheRentishPod.com.
If you want to ask us anythingabout buildings or movies or
movies filmed inside buildingsor Superman, sure, ask us
questions about that.
You can check out some of ourpast episodes by going to your
podcast platform of choice,hitting that subscribe button,
hitting that subscribe button,and hitting the notification
(01:54):
bell as well so that you'renotified of all new episodes
that come out.
We would greatly appreciate it.
Also, on your podcast platformof choice, if you could hit that
little five-star review thing Orslide the scale, the happy
smile, all the way to the right.
We would greatly appreciate thatas well.
Or leave us a comment if you'reenjoying the show.
Patrick, I think that's all theplugs I've got to do.
How's your day going?
SPEAKER_02 (02:13):
Yeah, so far so good.
So far so good?
Yeah.
I am seeing Superman latertoday.
I've
SPEAKER_01 (02:19):
seen it twice.
Yes.
So we're not a movie.
Unfortunately, the producerswouldn't let me kill the podcast
so that we could do a moviepodcast instead.
So instead, they're going to get30 seconds of Superman talk,
which is, I saw it twice.
this weekend it's excellent it'sreally fun I would say check out
our last episode probably or oneof the episodes that's come out
(02:39):
recently by the point that timethat you hear this episode we
did an interview with withAlyssa who's a historic
preservationist and we talked agreat deal about the Cincinnati
Museum Center and the UnionTerminal featured beautifully in
Superman I'm excited and let metell you what they're one of the
coolest moments that I'll neverforget in as long as I live in
(03:01):
seeing movies when It wasopening night at Superman,
seeing it at the AMC Newport onthe river in Cincinnati.
And the first shot where theUnion Terminal shows up, the
whole theater erupted in cheersand applause.
That's awesome.
And I had chills overtake myentire body.
And I was like, I'm happycrying.
(03:23):
I'm Superman.
And so, yeah, I mean, this moviejust, it struck a chord with me.
I'm a huge fan of the character.
But yeah, I think it's a lot offun.
Very hopeful and optimistic,fun.
modern take on the character,and I think people will enjoy
SPEAKER_02 (03:35):
it.
I'm passively sort of eager tosee it.
UNKNOWN (03:39):
Sure.
SPEAKER_01 (03:39):
Can't wait.
I'm bringing earplugs to the
SPEAKER_02 (03:43):
office.
I'll let you know what I think.
SPEAKER_01 (03:45):
Alright, Patrick.
I'm going to do a galaxy brainmove here.
I was telling the producer whathe was going to say about this.
I brewed a cup of coffee, andthen I made a cup with ice in
it, and I'm about to make icedcoffee.
That's crazy.
Yeah, it's going to be freakingnuts.
Why don't you take a moment?
We've never done this beforewhile I pour this coffee and
undoubtedly make a gigantic messin the studio.
SPEAKER_02 (04:06):
Make sure you hold it right over
SPEAKER_01 (04:08):
your laptop.
Right over the laptop, yeah.
Why don't you do a briefoverview of what listeners can
expect on this episode of TheRentish Pod?
Yeah.
So today...
Wow, you actually crushed that.
I nailed it,
SPEAKER_02 (04:21):
y'all.
Absolutely nailed it.
Cheers.
Nice, and you picked a goodamount, too.
I thought that was going tooverflow.
SPEAKER_01 (04:27):
12 ounces of...
motor fuel right to my brain
SPEAKER_02 (04:33):
but yeah so today on the rentish podcast we're gonna
go over uh some sort of articlethat i definitely read about why
why homes are sitting uh is kindof like the general gist of
things and we're gonna go oversome listener questions so i'm
excited to discuss this articlethat i'm such expertly
(04:53):
knowledgeable about
SPEAKER_01 (04:54):
okay well then let's dive in Why are homes sitting?
It sounds like the start of apunchline.
It's like, is your refrigeratorrunning?
Yeah.
Then you better catch it.
It's like, why is your housesitting?
Because I hired a babysitter.
Oh.
House sitting?
Babysitter?
Yeah.
Help me out here.
There's got to be a funnier jokewe can roll with on this one.
(05:15):
Why is your house sitting?
Why is your house sitting?
SPEAKER_02 (05:18):
It was tired of standing.
SPEAKER_01 (05:19):
It was tired of standing up?
SPEAKER_02 (05:21):
That's not very good either.
It's cute.
Yeah.
SPEAKER_01 (05:23):
Ooh, we're going to workshop these jokes on the
social media.
Comment A or B, which one youlike better.
Yeah, so why are homes sitting?
What it means for buyers?
What it means for sellers?
Based on the July 12th, 2025article by Julia Carbonaro.
It's a lovely sounding lastname.
It's a great pasta as well.
And this is from Newsweek.
(05:45):
Patrick, did you read theCarbonaro article?
Yeah,
SPEAKER_02 (05:47):
I did.
Yeah.
It was really good.
Yeah.
What was your
SPEAKER_01 (05:50):
favorite part?
SPEAKER_02 (05:51):
My favorite part was the part where...
They have a graph, though.
It's some sort of graph in thearticle here.
Okay, yeah.
It's like a bar graph.
I really liked that part.
SPEAKER_01 (06:00):
Are you a big bar graph guy or a big line graph
guy?
Where do you land?
I like the pie charts.
okay all right patrick well itturns out uh well okay so before
we get into it then tell me whatdo you think it means to be why
why why home sitting i have aconfession to make i didn't read
(06:23):
the article oh okay well then doyou want to guess what it's
about what
SPEAKER_02 (06:27):
why is your house sitting why is your house
sitting so my my just immediateguess is that that that means
your house isn't like selling isthat what that means it's just
kind of sitting on the market.
It's not...
Or it could also mean it's theprice of the house is not...
appreciating or it's like, likeit's not gaining value over
(06:49):
time.
My guess is it means one ofthose two things.
SPEAKER_01 (06:51):
Okay.
Those are two solid guesses.
Yeah.
Let's do a little bit ofdigging.
Shall we?
The U S housing market is in astrange spot right now.
Prices are still high, but homesare sitting longer and inventory
is rising yet.
Buyers are still holding backthe result, more unsold homes
than we've seen in years and amarket that's starting to shift.
So basically it was your firstthing, whereas houses are going
(07:12):
for sale and they're justchilling.
Yeah.
Jay chilling signs out front ofthe No one's looking at it.
No one's calling.
No one's doing whatever.
It's just sitting there.
SPEAKER_02 (07:19):
And this is like a recent, because I know like a
couple of years ago, it was justkind of like you put the house
on the market,
SPEAKER_01 (07:23):
flies off.
You picked up within the hour.
Yeah, right.
Yeah.
So yeah, I think that a lot ofit's due to the shifting in the
market.
And that's what we're going tokind of talk about here.
So there's a few talking pointsfrom the article.
Again, this is the Newsweekarticle.
Sorry, Julia Carbonaro.
Don't want to mispronounce yourname, even though it's giving me
an idea of what to cook fordinner.
The first talking point,inventory is surging nationwide.
(07:46):
As of June 2025, unsold homeswere up 20% compared to last
year.
Wow.
Yeah.
Okay.
20%, which is a high numberconsidering how many people are
not actively trying to buy rightnow.
Or like the market, the amountof people that are just like,
oh, the market's tooprohibitive.
I can't get in.
I don't want to buy a houseright now.
SPEAKER_02 (08:05):
Right.
20%.
So that's interesting.
Here, I'll let you continuebecause I've got some questions.
Yeah.
Give me them.
Oh, Chanel.
SPEAKER_01 (08:13):
No, give me them.
What's your question?
SPEAKER_02 (08:14):
Okay.
So the houses aren't sellingwhich would lead me to believe
that because it's been like theseller's market the past couple
years yeah it does this mean isthis like the start of the
market kind of flipping back tolike a buyer's market like
prices are going to become alittle bit more reasonable with
more uh possible yeah it'spossible okay
SPEAKER_01 (08:33):
it's possible yeah i mean well at a certain point
it's just like anything like ifyou have too much of something
not enough people are buyingwhat do you got to do yeah you
got to lower the price you gotto lower the price you got to
make it more enticing yep uhtotal housing inventory jumped
28 So yeah, I mean, inventory,there's a lot of houses and it's
(08:59):
not being snatched up asquickly.
So then what happens?
Well, here's the weird part.
Prices are still creeping upeven with fewer buyers.
In fact, the median list pricein June,$440,950, which is up
0.2% year over year.
So it's a small increase, butit's still an increase.
And even 0.2% when a$400,000house is in question, it's still
(09:23):
a fair bit of money.
Median sale price hit a record$399,000, which was up a whole
1% year over year.
So 20.7% of listings had pricecuts, the most for any June
since 2016.
Okay, wow.
Yeah.
So that's
SPEAKER_02 (09:41):
good for buyers.
That is good for buyers.
It sounds
SPEAKER_01 (09:44):
like.
But the prices are still goingup.
Yes,
SPEAKER_02 (09:47):
but they're not accelerating as much, right?
SPEAKER_01 (09:49):
They're not accelerating as much and there's
a higher percentage of pricecuts.
Yeah.
So there might be that kind oflike– and this would be cool to
get like an expert's opinionhere, but like– Maybe they're
fishing to see what the highestprice they can get would be and
then trimming it back down tosee where they'll meet in the
middle.
SPEAKER_02 (10:05):
I also wonder because I know there was like
there was a point where it'slike somebody would list their
their house and then there waskind of like an auction like
I'll pay this much over and thensomebody else you know so I
wonder if there's like peoplejust kind of got not greedy but
just like oh let's you knowlet's see how since the market's
so bad right now let me see howmuch I can get on this house
that's not actually worth howmuch I'm listing it.
SPEAKER_01 (10:25):
Well that was like the joke like not even too long
ago like right after I feel likeright as the pandemic was
starting to cool down, thehousing market was absolutely
nutter butters.
And it was like, people would belike, let's put$500,000 on this
1,000 square foot house and seewhat happens.
It's like, people would buy it.
So it's like, I think that,yeah, there is a fair bit amount
of fishing to see how crazy canwe get still.
(10:47):
We want to see if there is theperson that's still willing to
pay a premium or a luxury pricefor something that's worth a lot
less.
Yeah, got it.
And that's kind of evening outnow, it sounds like.
Seems like it.
So it's a tale of two markets,south and west.
More inventory, longer time onthe market, and softening
prices.
And then there's the northeastand midwest, which is still
tight supply and high prices.
(11:08):
Even within cities, trends varyby neighborhood and price point.
So I think basically that to besummarized is that it's going to
be different everywhere.
One part of the country is notgoing to have the same level of
price cut as another.
You're going to have to look forall these sort of details.
Sounds exhausting buying ahouse, doesn't it?
It does.
It really does.
Producer Musse is shaking hishead.
Or nodding his head.
SPEAKER_00 (11:29):
Yeah, it's tough.
I mean, it's like, I think it'slike similar to dating.
Like, it's like something isgood here and then you're like,
I don't know about this.
Or it's kind of like.
Buying your car is like, oh, Ilike this car, but it's too
much.
I like the dating
SPEAKER_01 (11:45):
analogy.
It's like dating.
Sometimes you swipe right,
SPEAKER_00 (11:51):
sometimes you swipe left.
You've got to make sure you havesomeone that's a good realtor if
you're using one.
Sometimes you get stood up at anApplebee's.
SPEAKER_01 (12:01):
Oh, has that happened to you?
No.
That sounded so real that I waslike, I wonder if Patrick's ever
been stood up at an Applebee's.
You ever been stood up before?
I asked her to come watch anAkira Kurosawa movie, and she
said no.
SPEAKER_02 (12:18):
Not stood up, but, like, canceled last.
I've never been waiting and not,you know, but, like, canceled
last second.
That has happened multipletimes.
So you weren't left alone in anApplebee's getting your dollar
eaters.
No, but there was a point whereme and this one girl in college,
we were supposed to watch IlPastore or something, some
Italian movie from the 60s thatI had just bought on Blu-ray and
(12:40):
was so excited to watch.
But she was like in a film classand she had expressed interest
in watching it.
And then after like two weeks ofher canceling, I'm like, yo, I'm
just gonna watch this.
SPEAKER_01 (12:52):
So to summarize, make sure that you're finding
the right house.
It's a lot like dating.
All right, mortgage rates arehigh, surprisingly, but not as
high as last year.
So a couple more stats here.
The daily average 30-year fixedmortgage as of July 9th is
(13:13):
6.77%, which is down from 7.01%in 2024.
So not a huge shift, but whenyou're talking mortgage
percentages, it's all important.
I feel like every decimal addsup in the long run.
The weekly average is about6.67%.
median monthly payment is about$2,708, which is the lowest
(13:36):
since early March.
So mortgages, high, but not thathigh, or at least incrementally
a little bit lower than theywere before.
Okay.
I mean, that's something.
That is something.
That's kind of this wholearticle is like, you know, the
faintest whisper of maybe goodnews turning back around to the
buyers, but it's also just kindof like every stat from this
(13:57):
article.
It's a fascinating piece.
Again, go check out the article.
It's on Newsweek, but it's alsolike, so it's a little bit down.
What does that mean?
Will it hold?
Will it keep going?
No one really knows.
That's kind of this whole thing,you know?
SPEAKER_00 (14:13):
Yeah, I would summarize it like a standstill
because prices are refusing tochange and buyers are
retreating.
Yeah,
SPEAKER_01 (14:24):
but the The cut prices or what the price drops,
price cuts, those are suddenlygetting a bump up too.
So, you know, maybe thatcorrects itself eventually.
It's just like we don't know.
We're just kind of like lookingat the base data on the page and
kind of like guessing what'sgoing to happen.
You know, who knows?
But Patrick, a couple questions.
Is now a good time to buy?
SPEAKER_02 (14:43):
I guess that depends on various situations like where
you are and what your current
SPEAKER_01 (14:49):
financial situation is.
SPEAKER_03 (14:51):
That's
SPEAKER_01 (14:52):
true.
I feel like that's a point wetalk about every single week
where it's just kind of like, isit the right time to get into
it?
Probably.
I mean, if history shows, it'skind of like the market
continues to go up and up and upand up.
And it's like it has these minorincremental dips and dives.
But that$200,000 house that youcould afford right now may not
be that price forever.
If you can buy now, I
SPEAKER_02 (15:11):
think there's no better time.
You
SPEAKER_01 (15:13):
never know.
SPEAKER_02 (15:13):
know I'm not ready to buy now but
SPEAKER_01 (15:15):
yeah you know do you do a lot of thinking do a lot of
soul searching make sure thatyour financials are in the right
area and then like you know gotto find the right fit it's like
dating just like me say so arewe headed for a price crash
because we're all we're all very
SPEAKER_02 (15:30):
well attuned to the market and yeah I feel like if I
had an answer to that you know Iwouldn't be sitting in this
podcast where I'm learning aboutreal estate you'd be
SPEAKER_01 (15:39):
a lead character in the big short yeah right uh
Yeah.
I mean, not necessarily, I thinkis basically the answer.
There's pressure on prices, buta lot of sellers are choosing to
wait it out instead of justright out slashing prices.
So I think that home sittingagain, like to go back to the
very, like the title of thearticle is that like, I feel
like we may see this for a whilelonger is like, I don't want to
(16:02):
give up and sell the house andtake less than what I could get
for it.
People are just holding ontothese properties, letting that
for sale sign, get a little bitdusty on the front yard as they
wait for someone to come alongand buy the property.
So you never know, but it couldput pressure on more prices
going down.
But yeah, what will the momentumlast?
It kind of just depends onmortgage rates, job stability,
(16:24):
whether sellers stay patient orcome back with better deals.
I mean, like we were in a veryeconomic, economically
fascinating time to say theleast right now in the US.
So it's like, who knows whatit's going to look like.
But yeah, I mean, for sellers,though, the biggest shift since
last year is probably just thathomes are just sitting longer
and buyers have more options sothat's kind of one thing to
(16:46):
consider if you're a seller isthat like if your house is just
sitting out there so are dozensand hundreds of others where
people are going to have theiridea to be able to like more of
like a garden to pick and choosefrom as opposed to just like
this is the only option it maybe$50,000 more than I want to
spend but it's the only optionif it works for me right now
because I'm buying so I'm goingto have to buy it yeah I feel
(17:07):
like that was the vibe a fewyears ago right now it's like
there's more options I feel likeI casually look at do you ever
look at Zillow and just look atthe houses for sale just every
now and then just to kind oflike gander.
It's like there's tons.
I feel like there's a lot morethan there were four years ago.
Yeah, I agree.
I don't know.
But should sellers list now orwait?
If you need to sell, I would saybe prepared to negotiate.
(17:29):
But if you don't negotiate,you're not alone.
Many are pulling listings towait for stronger conditions.
So I don't know.
Let's say hypothetically,Patrick, you owned a property.
Would you sell it, right?
SPEAKER_02 (17:38):
No, I personally would.
Unless I had to, right?
But like, yeah, I don't thinklike now is like the moment I
would sell because I'd want toget a renter, get that passive
income, let that property justappreciate.
Get
SPEAKER_01 (17:50):
that passive income.
SPEAKER_02 (17:53):
Yeah, I mean, me personally.
But again, if I...
You had to move or something.
It was my residence.
Yeah.
We should do this as a topic.
What would
SPEAKER_01 (18:00):
you name your property management company?
If you had to open up a propertymanagement company, what would
you call it?
I have no idea.
Thanks for putting me on thespot.
What do you think?
Property management company.
You got to name it.
SPEAKER_00 (18:10):
M&M.
Maggie and Moussa.
Oh.
Is that your actual propertymanagement name?
M&M Property.
You should make it that.
We should.
Yeah.
We only have one unit, so wedon't really need to...
SPEAKER_01 (18:23):
I would call my property management company Rent
With Us I Dare You Incorporated.
And what about you, Patrick?
SPEAKER_02 (18:32):
Patrick's Pretty Properties.
Triple P.
SPEAKER_01 (18:36):
All right, let's get out of this article.
So yeah, sitting houses,something to keep in mind as the
market continues to shift.
Again, if you're a buyer, ifyou're a seller...
listening to, you know, findinggood resources about the market,
the current trends, doing yourown research, making sure that
you're prepared financially forboth sides of the coin.
If you're selling your property,you gotta make sure that you're
(18:58):
ready to have all that stuffdeal with, like with, you know,
the cost of selling a property,the making sure, like all of the
steps that need, the timemanagement, the time that goes
into selling a property.
If you're a buyer, you need tomake sure that you're well
equipped to like make sure thatyou can pay everything.
It's a whole complicated thing,but you need to make sure that
you're, you know, Watching themarket, making sure that it's a
right time for you as anindividual.
(19:19):
Right.
Because it is not going to bethe same for everybody.
That's it with the news.
Thanks, Zach.
You're welcome.
I'm going to take a sip of myiced coffee now.
Yeah.
Q&As.
I think it's time to take a lookinto the listener questions.
Yeah.
So do you want to open up themailbag, Pat?
(19:41):
Let's do
SPEAKER_02 (19:42):
it.
Or do you want to go first?
Yeah, I can go first.
Yeah.
So today we've got Tasha R.
from Charlotte, North Carolina.
Tasha R.
is wondering, if I don't have20% for a down payment, should I
still try to buy right now?
Actually, I feel like we learnedthe answer to this a couple
weeks ago, right?
SPEAKER_01 (20:01):
Yeah, when we had, was it John on the podcast?
He was kind of teaching us aboutsome of those first-time buyers
loans that you can get for thosedown payments.
Like the FHA.
Yeah, and not being toointimidated by a high down
payment amount.
Yeah.
A lot of people don't have thatamount of money.
And so it's like there's a lotof these loan programs that you
(20:22):
can go through to make that alittle less of a burden on you.
So I say if you don't have 20%for a down payment, you should
still buy if it's right for you.
Obviously, don't put yourself incrippling debt if you don't have
that money and you're trying todo it.
But it's like there are ways–there are smart ways to use the
system in place to help coversome of those costs.
SPEAKER_02 (20:44):
Yeah, well said.
And a note here from– one of ourproducers is you will likely
need to pay mortgage insuranceif you go lower than 20%.
So that's something to keep inmind.
I don't know what all thatentails, but that's definitely
something
SPEAKER_01 (20:58):
to
SPEAKER_02 (20:59):
think about.
SPEAKER_01 (21:00):
Yeah.
Do you know what mortgageinsurance is, Moussey?
It's
SPEAKER_00 (21:03):
PMI.
So it's essentially they want tomake sure that the mortgage
wants to make sure that you willpay every month, essentially.
And so there's like an insurancethat you're paying into.
SPEAKER_01 (21:17):
So it's like you're paying for overdraft protection
basically on a mortgage.
Yeah.
That's interesting.
I didn't know that that existed.
Yeah.
Learn something new every daywith The Rentish.
Like and subscribe.
I'll go next.
Miguel D.
from Albuquerque, New Mexico.
(21:43):
Choking on my ice coffee.
Miguel D.
from Albuquerque, New Mexicowrites, what's the deal with
people pulling their homes offthe market?
Is that common?
Sorry for the Seinfeldimpersonation, Miguel.
Yeah, what's the deal, Patrick?
What's the deal with peoplepulling homes off the market?
What's the problem?
SPEAKER_02 (22:01):
Yeah, so that's happening more now.
And we briefly touched upon thisin the article, right?
But some sellers don't want todrop their price, right?
in the way that prices have beendropping, especially recently.
So they delist and are waitingfor a better seller's market, I
guess, better
SPEAKER_01 (22:21):
conditions for themselves.
See, this is a fascinating thingbecause it's like, I almost
wonder, it's like, okay, so I'mtalking through this in my brain
as I'm saying it, but it's like,I don't see what the point would
be in delisting if you justleave it and just wait, but then
it's like that might causetrepidation from buyers because
they see this place that's beenon the market for however many
days and hasn't sold.
(22:42):
So it's like I kind of get that,but is that the only reason?
Can you think of any otherreason why you would just delist
a property?
SPEAKER_02 (22:48):
You decided that you wanted to sell, and then the
next day you're like, well,never mind.
SPEAKER_01 (22:54):
Dude, change your mind.
I'm going to sell my house.
Never mind.
I'm going to keep it.
Yeah, no.
I don't know if that's legit.
SPEAKER_02 (23:02):
I don't...
Yeah, I'm not 100% sure whatanother...
Like, what do you think?
SPEAKER_01 (23:06):
I don't know.
That was the only one I couldthink of is that, like, you
don't want to have that, like,the Zillow Scarlet A, whereas
it's, like, 100 days on themarket.
Like, you see those propertieson Zillow and I'm always, like–
And people are
SPEAKER_02 (23:17):
wondering what's wrong with
SPEAKER_01 (23:18):
them.
What's wrong with you.
Yeah.
Yeah.
It's, like, I don't– some ofthose I don't even look at
because I'm just, like, thishouse has been on the market for
100 days.
SPEAKER_02 (23:24):
Yeah.
SPEAKER_01 (23:24):
So it's, like– but besides that, I can't really
think of it because it's, like,if you just let a house sit,
eventually someone is going toput in the price that you want,
right?
SPEAKER_02 (23:32):
Yeah.
SPEAKER_01 (23:32):
Yeah.
SPEAKER_02 (23:34):
I mean, that makes sense.
That makes sense to me.
I mean, I
SPEAKER_01 (23:37):
might need to jot that question down for like a
future professional.
Um, if we have a, like aproperty management expert, like
one of our friends come in andtalk with us on another episode,
we'll have to ask him aboutthat.
That's a good question.
Okay.
Jenny
SPEAKER_02 (23:50):
L from Des Moines, Iowa asks, do you think Gen Z
will ever actually be able tobuy homes?
UNKNOWN (23:56):
Um,
SPEAKER_02 (23:56):
I
SPEAKER_01 (23:56):
don't know Gen Z.
Great question.
So before the pot, I was like,do we have a Gen Z person we can
bring in for this question?
And then I realized, I was like,oh, my co-host is a Gen Z-er.
Yeah, I mean, it's definitelylooking
SPEAKER_02 (24:10):
tougher.
It's looking rough.
It's definitely looking rougherthan probably for other, you
know, older generations.
SPEAKER_01 (24:19):
I feel like it's just a funny punchline.
It's like, will Gen Z ever beable to actually buy a home?
It's like, yeah.
I think we will.
Not all of them.
Not all of them.
The same way that not there willbe a percentage of my generation
that goes through their entirelifetime without buying a house.
That's just kind of the realityof the world that we live in.
Right.
We got what?
Six billion people on Earth.
(24:40):
How many people on this plane?
Eight billion.
Eight billion.
Yeah.
More than that.
There ain't eight billionhouses.
Not last time I counted.
SPEAKER_02 (24:49):
So I really do think I plan on buying a house, you
know, hopefully within the nextfive to seven years is my plan
as a Gen
SPEAKER_01 (24:59):
2.
Why are you laughing at that?
What was that chuckle for?
Producer chuckled at five toseven years.
Do you think that's anunrealistic...
SPEAKER_00 (25:06):
I thought he was going to say in a couple years.
Three to seven years.
Two to seven
SPEAKER_02 (25:12):
years.
Realistically, five years.
I think that's a totallyreasonable time frame for
someone his age.
By the time I'm 30, I was kindof...
No, that's
SPEAKER_00 (25:23):
great.
SPEAKER_02 (25:23):
Yeah, I think I obviously like it's, you know,
and you hear about how likeexpensive house or how
inexpensive houses were likewhen my parents bought a house.
It's just like, oh, that wouldbe nice.
But but yeah, I mean, I thinkit's I think it's well within
the realm of possibilities.
And I think like, for example,learning about like an FHA loan,
(25:44):
you know, like even if I am in asituation where I can't afford a
larger down payment, it's justlike, yeah, there's there's
there are ways to get to buy ahouse that I can utilize.
I'm learning more about as we'vedone this podcast, which I think
is like the whole point.
Building that knowledge base.
SPEAKER_01 (26:03):
Also, you could just go to the casino and win the
house money in one night.
That's a good point.
It's like, oh, I'm
SPEAKER_02 (26:09):
halfway there.
Let me put my life savings on
SPEAKER_01 (26:11):
red.
Put it all on red.
No.
All right.
Next up, Andre W.
from Oakland, California writesin and says, why do people say
buying a home is a hedge againstinflation Do you know what that
means?
So, I'm
SPEAKER_02 (26:26):
guessing is it a way...
I know the term hedge your bets.
SPEAKER_01 (26:31):
Yeah, that's what I was thinking too.
SPEAKER_02 (26:32):
Hedge against inflation.
I'm wondering if that means kindof beat inflation or go with
inflation.
Is that kind of what that means?
SPEAKER_01 (26:39):
I think so, yeah.
Rent tends to rise withinflation, but a fixed mortgage
stays the same.
So locking in a monthly paymentnow helps you avoid future
increases in housing costs.
So it's like that's kind of likehonestly– so buying a house for
me, I'm probably looking in thenext year.
But– A huge driving factor inthat for me is that I'm sick of
(27:01):
rent increases.
It's like, when is it gonna beunsustainable that rents are
just continuously rising?
It's like, rent's going up$50this year.
Rent's going up$100 this year.
It's like, okay, so at whatpoint am I paying$4,000 a month
for this place that I wasrenting for$1,500 not that long
(27:23):
ago?
So it's like, I, you know,having that fixed rate and
knowing exactly what it's goingto be and guaranteeing that's
not going to change, I thinkthat that's a huge driving
factor in making sure thatfuture budgeting is accounted
for because it's like jobs come,jobs go, opportunities come and
go.
It's like you don't know whereyou're going to be at in life,
(27:44):
but it's like having a fixedprice of what you're paying to
live is kind of important.
SPEAKER_02 (27:49):
Yeah, makes sense.
Yeah,
SPEAKER_01 (27:51):
I just think it's crazy.
Like rent, the fact that it's so– It's so volatile.
The rent can just go up at anytime.
It's crazy.
I don't know.
But yeah, that would be mybiggest thing.
SPEAKER_00 (28:01):
My thing is it would be interesting to see because
when I was speaking to myin-laws, they bought this nice
home in Westchester in the 90sfor like$100,000 or like$95,000.
And now it's sold for like$500,000.
But then I'm thinking like,okay, were they getting paid– Is
(28:25):
it equal to now?
It's not.
No, it's not.
SPEAKER_01 (28:28):
No, it's not.
SPEAKER_00 (28:29):
People
SPEAKER_01 (28:30):
were making more, not adjusted for inflation, but
making more money and thingscosted less.
Now things cost more and peopleare making the same money, if
not less.
That's just insane.
That's how you get depression.
SPEAKER_02 (28:45):
Everything's gotten more expensive except basically
salaries haven't increased atthe same rate as everything
else.
SPEAKER_00 (28:53):
I think then that's why that Gen Z question is legit
because I think a lot of peopleare worried about even just like
the basic stuff that they don'teven have time to think about
buying a house.
You know what I mean?
SPEAKER_02 (29:05):
No, I think it's definitely legit.
I think that like Gen Z as awhole won't be able to buy a
home.
I think that that's just not,that's like a little bit.
Oh yeah, that's too blanketed.
Yeah, it's too blanketed.
But yeah, I mean, I think Gen Zprobably, I mean, you know, just
as we've seen inflation go andstuff the past 10 years even,
like it's definitely, you know,tougher, I think than it would
(29:25):
have been 20 years ago.
SPEAKER_00 (29:27):
And I think the, quote unquote, American dream
has changed for generations.
So, yeah, I would like to seethe stats on that.
Like every generation who's beenrenting more versus who's been
buying homes.
Yeah, that would be interesting.
SPEAKER_01 (29:43):
It would be.
Maybe it's something we shouldtalk about on a future episode
of the Rentish Podcast becausethis one is ending.
Thank you for listening toanother episode of the Rentish
Pod.
Yeah, thanks for getting throughthis one.
It was a whole lot of fun.
Patrick, I feel like we learneda little bit, laughed a little
bit.
Check with your experts, asalways.
We just got to put that at theend of every episode.
(30:04):
Follow the show a bunch ofdifferent ways.
You can go to The Rentish Pod onsocials if you want to follow us
on Insta and stuff, or you cango to Spotify, Apple Podcasts,
wherever you get your podcasts,and you can download the show.
Like us.
Give us a follow.
Give us the notification thingif you want to be alerted when
new episodes go live.
And give us a rating.
(30:26):
Take your finger, put it on thestar, go all the way to the
right as far as it goes.
10, 5, 20, wherever you getthere.
And rate the show.
Give us a comment.
And yeah, send us an email.
Questions at TheRentishPod.comjust like Andre, Jenny, Miguel,
and Tasha did.
Thank you guys for being loyallisteners and thank you for
writing into the show.
(30:46):
If you want to hear what, youknow, just ask us any question.
Move movies television uh iguess properties management and
some real estate in some respectyou can ask your questions there
too but thanks for listeningi've been zach that's been
patrick and we'll see you nexttime
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