The Fed isn’t happy, but what’s new? After inflation numbers were released last week, showing higher-than-expected consumer price growth, our rate cut dreams could be slowly dwindling. Are we still on a timeline to see lower mortgage rates by summer, or is the US economy just too strong to prompt any help for prospective homebuyers? This story, and plenty more, are coming up in this week’s headlines show.
Ever get that feeling that someone is watching you? Airbnb recently announced a new policy that banned indoor surveillance cameras in hosts’ properties. This is a shock for almost every Airbnb guest and most hosts, too, as it seems we all incorrectly assumed that security cameras were only allowed on the OUTSIDE of a property.
But this episode isn’t just about short-term rentals. We have some good news for housing inventory, as new listings finally saw a bump, helping add some homes to the already supply-strained market we’re facing. We’ll also talk about new unemployment numbers that are trending in a direction the Fed wants to see but may not be enough to convince them of a rate cut. All that, and more, in this episode.
In This Episode We Cover:
A housing supply update and the “surge” of new listings that hit the market
New jobs numbers and whether rising unemployment is something we should worry about
Why the Fed may become even more hesitant to cut rates in 2024
New inflation and CPI (Consumer Price Index) numbers (and what they mean)
Airbnb’s newest “no indoor camera” policy and what this means for anyone hosting a short-term rental
The naked man in James’ newest investment property (will he EVER get out?)
And So Much More!
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Headlines from Today’s Episode:
New Listings
Job Growth and Unemployment
CPI and Inflation
Airbnb Cameras
BiggerNews: Why Mortgage Rates AREN’T Falling
Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-199
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