Melody Wright, author of M3 Melody Substack, returns to the show for an in-person episode to discuss her outlook for housing and why we could see a price correction of 38%.
This episode is brought to you by VanEck.
Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia
Links:
YouTube; https://www.youtube.com/@m3_melody
X: https://x.com/m3_melody
Substack: https://m3melody.substack.com/
Timestamps
0:00 - Introduction: Melody Wright joins the show
00:44 - Housing market frozen for three years - lowest sales since 1995
2:12 - Institutions are net selling and preparing for what's coming
3:16 - The middle class squeezed out of housing market
4:11 - Debunking the "structural housing shortage" myth
6:12 - Regional housing story: What Zillow data reveals
8:03 - Who's running for the exits first: Institutions vs Mom & Pop
9:17 - Home prices going negative for first time in 2+ years
10:20 - 38% correction coming - when housing becomes affordable again
11:56 - Why Fed rate cuts won't help housing
14:04 - The China parallel: Over-building and empty inventory
16:48 - Demographics: The silver tsunami and vacant homes
18:15 - Timeline: When foreclosures will materially increase
21:04 - FHA program shutdown and masking delinquencies
23:48 - Why this crisis is worse than 2008 for millennials
24:50 - What Melody changed her mind on about housing
26:04 - The #1 thing people are getting wrong about housing
27:48 - National Association of REALTORS responds to Melody
28:52 - What keeps Melody up at night
30:00 - What a healthy housing market looks like
31:45 - Final advice: Say no to debt slavery and wait
