In this episode, we explore the surprising new data on home prices, which have continued to rise despite expectations of a market downturn. We discuss the latest Case-Shiller report showing record highs, analyze the weekly inventory numbers from Altus Research, and delve into the Fed's stance on interest rates. Additionally, we touch on consumer confidence, economic trends, and the curious concept of a "vibe session." Tune in to get a comprehensive overview of the current real estate market and economic landscape.
\n[00:00] - Introduction to the episode and overview of topics including home prices and Altus Research.\n[00:27] - Case-Shiller report reveals record-high home prices in April, with a 6.3% national increase.\n[01:30] - Analysis of weekly inventory numbers and trends from Altus Research.\n[02:28] - Discussion on the rise of price cuts and the slowing growth of inventory.\n[03:14] - Impact of older listings expiring and being taken off the market.\n[04:25] - Fed President Michelle Bowman's remarks on potential interest rate hikes.\n[05:33] - Earnings reports: Carnival Cruise Lines' record performance and Airbus cutting its 2024 guidance.\n[07:17] - Explanation of the "vibe session" concept and its implications for consumer sentiment.\n[08:41] - Consumer concerns about inflation and the average credit card rate reaching 21%.\n[09:31] - Consumer confidence data and insights from Bank of America on real estate transactions.
\nThank you for joining us in this episode. If you enjoyed the insights shared, please rate, follow, share, and review our podcast. Stay tuned for more updates and expert analyses on the real estate market and broader economic trends.
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