“I think this is going to be one of the first industries to recover.” – David Stevens
In the present climate, there’s a lot of misinformation and uncertainty in the marketplace. In this episode, Brian interviews David Stevens, Chief Executive Officer at Mountain Lake Consulting, Inc., and former CEO and President of the Mortgage Bankers Association (MBA), to get clarity on current economic issues. Topics discussed include the tightening of minimum requirements for mortgage qualification, when banks and other financial institutions will begin to readjust their credit parameters back and advice for both buyers and sellers in today’s market.
YOU WILL LEARN:
- Why this crisis is so different than the last recession.
- Why the real estate industry will recover quickly.
- Why Millennials are at the core of a rebound.
MENTIONED IN THIS EPISODE:
INSPIRATIONAL QUOTES FROM THIS EPISODE:
“Governors across the country are going to start having us go back to work sometime in June at the latest, May in some states. And all this downward trend is going to stop in its tracks. We’re going to see an immediate pop back. It won’t be back to where it was. But we’re going to see immediate pop back.” – David Stevens
“This nation, we have great demographics for housing. We’re going to have record low interest rates when we come out of this.” – David Stevens
“If there are any house price downturns during this period, it’s going to be very minor. And that’s because the US didn’t have the inventory.” – David Stevens
“I think both listing and purchase buyers are going to see some sort of immediate response because pent-up demand is occurring, and the only overlay that will cause resistance there will be the unemployment factor.” – David Stevens
“The bottom line is, all economics is supply and demand. And we still have a limited supply and high demand.” – Brian Buffini
“Homeownership is a wealth creator for this country and for Americans.” – David Stevens
“Worry the most when things are best.” – David Stevens
“I’m just looking at what economists are giving me. And I think, you know, we’re going to have a great housing market ahead.” – David Stevens