Rates are stuck, debt is exploding, and the dream of homeownership feels more like a financial fairytale. From $120K Bitcoin to $350K starter homes, this episode unpacks the chaos behind today’s real estate market with a punch of humor and a dose of hard truth. If you're a Realtor or mortgage pro trying to keep up, this is the episode that breaks it all down.

📌 Episode Overview

In this episode, Mike Mills — North Texas mortgage expert and host of The Texas Real Estate and Finance Podcast — delivers an unfiltered look at the state of housing in mid-2025. With mortgage rates stuck in the sixes, inventory creeping back to pre-pandemic levels, and affordability fading fast, Mike breaks down what’s really keeping buyers out of the market — and it’s not just the interest rates.

Here's what you'll hear:

The true cost of a $400K home in 2025 (and how it's changed since 2019)
Why price, not just rates, is killing affordability
How ballooning U.S. debt and Treasury yields are driving mortgage trends
A data-packed breakdown of the Texas housing market (Dallas, Austin, San Antonio)
Why fewer first-time buyers and lower birth rates could spell demographic doom
Plus, a wild tour through crypto highs, job market shifts, and the week's most absurd headlines in the “Mike’s Mind” segment

Whether you're advising buyers, managing listings, or just trying to make sense of this market — this episode will give you the insight (and sarcasm) you need to stay one step ahead.

🔑 Key Takeaways

🏡 Housing Isn’t Just Expensive — It’s Unreachable

Even with rates dipping slightly, most buyers are still priced out due to skyrocketing home prices, high insurance, and tax costs.

📉 Mortgage Rates Are Not the Root Problem

Rates get the spotlight, but the real villain is U.S. debt pushing up Treasury yields, making long-term rates stubbornly high.

📊 2025 Looks More Like 2019 — Kinda

While inventory and days on market resemble pre-pandemic levels, prices are still 46% higher — leaving affordability stuck in limbo.

👨‍💻 AI Agents Can Be Your Next Assistant

This week’s AI Tip breaks down how autonomous AI agents can manage your follow-ups, schedule showings, and make your CRM actually useful — no coding required.

😬 The Demographic Time Bomb Is Real

With fewer first-time buyers and record-high renter rates, long-term housing demand is shifting in ways that could reshape the industry.

🧰 Resources Mentioned

🎧 Podcast Website

https://www.thetexasrealestateandfinancepodcast.com

📲 Mike’s Linktree

https://linktr.ee/mikemillsmortgage

📉 Mortgage Rate Index – Mortgage News Daily

https://www.mortgagenewsdaily.com/mortgage-rates

🔁 Automation Platforms:

Zapier – https://zapier.com
Make.com – https://www.make.com

🧠 AI Agent Builders:

ChatGPT – https://chat.openai.com
AgentGPT – https://agentgpt.reworkd.ai
Lindy – https://www.lindy.ai
Replit Ghostwriter – https://replit.com/site/ghostwriter

👨‍💻 Freelance Help:

Fiverr – https://www.fiverr.com
Upwork – https://www.upwork.com

Enjoying the podcast? Subscribe, leave a review, and share it with a fellow real estate pro who needs a reality check (and maybe a laugh). Every like, comment, and share helps us keep delivering the real talk and real data that helps Realtors and lenders thrive — even in a market this unpredictable.

The Housing Crisis Explained: Debt, Prices & Why Affordability Is Fading

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