Is the housing market actually in trouble? All the clickbait articles and doomsayers would have you believe so, but the facts are very different.
Neal walks us through the facts and data surrounding our economy right now and looks at historical trends to predict that by mid to late 2023, we will probably be looking at much better interest rates than we’re seeing currently. People may not realize that in the global economy, the U.S. is still one of the cheapest real estate markets, relative to individual salaries, and Neal explains that we’re actually lucky that we have a Fed that can help correct our markets when they begin to spiral out of control.
Fed rates: look at nine past recessions to see how the market corrects
Freight costs: watch container costs from China to predict global demand
S. economy: we are the strongest in the world, other countries are much worse off than we are currently
Clickbait: ignore the noise and alarmist articles you see on social media, look for the data and facts
Unemployment and housing demand: demand will return to normal, but prices will remain high
Retail and Travel: performing/demand is better than ever
Europe’s housing market: the majority of properties are owned by investors
Looking at historical data: the 2007/08 bubble is the only anomaly of the last 100 years!
liquidity: get yours in line now while it’s cheap
- The U.S. real estate market: compared to India, China, Europe, it’s the cheapest in the world relative to individual salaries