The housing market has been a wild ride since COVID hit, with remote work driving people inland for cheaper homes, though rising interest rates are making it tougher to afford. Surprisingly, despite talk of a housing bubble, foreclosures remain low, suggesting people aren't panicking just yet, despite increasing credit card debt. It's a mixed bag out there, but that's the market for you – always keeping us guessing!
Today we discuss:
- Market expectations of rate cuts not materializing as previously predicted
- Market prediction metrics and data gathering from betting sites
- Concerns about economic slowdown despite higher inflation rates
- Potential impact of economic conditions on labor market and consumer spending
- Caution against hyperinflation fears, emphasizing gradual economic changes
- Overview of housing market trends, including regional shifts and affordability challenges
- Analysis of housing inventory levels and their implications for market dynamics
- Comparison of home price changes across different regions and time periods
- Examination of foreclosure rates as indicators of financial stress in the housing market
For more information, visit the show notes at https://moneytreepodcast.com/the-housing-market-603)
Today's Panelists:
Kirk Chisholm | Innovative Wealth) Douglas Heagren | ProCollege Planners)
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