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Wealthion - Be Financially Resilient
Is The Housing Market Going to Crash?
May 2, 2024
Join real estate expert Loreen Gilbert and host James Connor as they discuss the current state of the housing market, predictions for fixed 30-year mortgage rates, and the impact of remote work on real estate. Loreen shares valuable insights on GDP numbers, interest rates, and advice for Gen Z and millennials looking to purchase a home. Don't miss out on her strategic advice for navigating the complexities of the economy to protect and grow your wealth!
24:49
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Quick takeaways
- Lower-end homes experiencing quick sales due to higher demand, while higher-end homes face longer market times.
- Tech companies investing heavily in AI to enhance market share and revenue growth, positioning AI as a key industry factor.
Deep dives
Current State of the US Housing Market
The US housing market is experiencing varied impacts from higher interest rates. Home prices have been affected differently depending on the price range, with lower-end homes seeing quick sales and higher-end homes facing longer market times. Despite interest rate challenges, home builders continue construction due to ongoing housing needs, indicating a strong market demand, especially from first-time homebuyers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode