The Fed raised rates by another 75 basis points in September, bringing the overnight lending rate to a range of 3 to 3.25%. That’s the highest it's been since 2008. In this episode, you’ll hear how the impact these rates hikes are having on the economy and the housing market from John Burns of John Burns Real Estate consulting.

John has offices all over the country advising its research subscribers and consulting clients on changes in housing supply, demand, and affordability, as well as consumer, building products and design trends. His firm has developed a number of proprietary tools, including risk and valuation indices, something called the DesignLens™ and the New Home Trends Institute. The firm even trademarked the term surban™ after the release of a best-selling book on demographics called “Big Shifts Ahead: Demographic Clarity for Businesses.”

John has a Bachelors in Economics from Stanford University and an MBA from UCLA, and works in his Irvine, California office. He has served on numerous industry boards and more than 750,000 people follow him on LinkedIn. Another 23,000 people subscribe to his free weekly emails.

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Thanks for listening. I’m Kathy Fettke and this is The Real Wealth Show.