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Description

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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