The Housing Market Is Going Wild...

"incomes would have to jump 55% to make buying a home affordable"

"either incomes could rise drastically number two we could see more inventory of homes available for sale or number three is that mortgage rates could fall"

"homeowners don't really want to sell their homes and the reason why is because if you bought a home in the last number of years well chances are you have a mortgage under 5%"

"new home construction starts in the United States and you can see that new home construction peaked around April 2022 and since then we've been seeing this downward trajectory of new home construction starts"

"the Federal Reserve Bank has been saying more recently that you should expect interest rates to stay higher for longer than originally expected"

"no housing market stays in one place forever period"

"out of the last 14 times the Federal Reserve Bank has increased interest rates done a rate hiking cycle 11 out of those 14 times resulted in a recession"

"about 40 million Americans had to start repaying the student loans again starting last October or this October and so now when you have 40 million Americans paying student loans on top of the higher rent cost on top of the higher housing cost on top of the higher grocery cost on top of the higher gas cost on top of the higher car cost on top of the higher everything costs there's a cost to that"

"there's about $790 billion doar worth of corporate debt that will readjust in 2024 and just over a trillion dollars of corporate debt that will readjust in 2025"

"more than a trillion dollars with the commercial real estate debt that is coming due in the coming years as well"

"if you start to see more layoffs if you start to see more pain in the account economy and you see less buyers out there and that could also create more sellers then that could also mean that there's less people who are able to sell their homes on the open market because home prices could potentially fall"