HOME PRICES TO FALL!!! Redfin CEO

Published: June 20, 2024, 5:02 p.m.

In this episode of "One Rental at a Time," we delve into the latest economic indicators and predictions about the housing market. We discuss key updates from the Federal Reserve, including the dot plot and unemployment claims, and provide a detailed analysis of the recent PPI and CPI reports. Highlighting insights from Redfin's CEO, we explore the anticipated decline in home prices and what it means for potential buyers and investors. Tune in to understand the dynamics at play and how you can leverage this information in your real estate strategy.

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[00:00] - Introduction and overview of Fed Day dot plot, PPI, and unemployment claims.\n[00:27] - Insight from Nick Timiraos of the Wall Street Journal on the Fed's potential late actions.\n[01:07] - Discussing the Fed's PTSD from past inflation calls and expected aggressive cuts.\n[02:24] - Breaking down the PPI report: headline and core figures better than expected.\n[04:11] - Analysis of weekly unemployment claims and its implications on the Fed's projections.\n[05:08] - Mortgage rates drop below 7% and the potential impact on the housing market.\n[06:10] - Understanding the Fed's dot plot and economic projections.\n[09:11] - Critical evaluation of the Fed's unemployment and GDP forecasts.\n[11:09] - Exploring "super core" inflation and its significance.\n[12:56] - Jerome Powell's remarks on job data accuracy and economic outlook.\n[15:11] - Redfin CEO predicts a 1% drop in home prices due to increased selling pressure.

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Thank you for tuning into today's episode of "One Rental at a Time." If you enjoyed the discussion, please subscribe on Apple Podcasts, Spotify, or your favorite platform, and leave us a review. Share this podcast with friends and family who might benefit from these real estate investing insights. Follow us on social media for more updates and exclusive content. Keep taking action, and remember, it's all about doing the work. Happy investing!

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