On this week's episode Avery had the pleasure of chatting with Rick Sharga, CEO and founder of the C.J. Patrick Company. Rick explained that the current market dynamics are driven by a significant number of young adults reaching the prime age for first-time home buying, coupled with a shortage of available homes. They also touched on the potential for relief in the market. Rick is optimistic that by the end of 2025, we might see mortgage rates drop to around 6%, with home prices stabilizing and wage growth continuing. They also explored how media reports influence consumer behavior more than actual market conditions.
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For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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