The Clark Howard Podcast 06.23.25 Housing Market Update / New Considerations for A Vehicle Purchase
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Jun 23, 2025 The podcast uncovers the evolving housing market, highlighting shortages and dramatic price shifts, particularly in cities like Austin. Listeners learn essential strategies for first-time buyers amid affordability challenges. The discussion also dives into the auto market, detailing the impact of tariffs on vehicle prices and the rise of SUVs. Practical tips are shared for navigating both housing and vehicle purchases, including the best payment methods and crucial financial insights for prospective buyers.
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Frozen Housing Market and Price Capitulation
- The housing market is frozen in many parts of the U.S. due to sellers expecting prices from a recent buying frenzy.
- Buyers face high mortgage rates and prices, making renting cheaper and slowing market activity until price capitulation occurs.
Save Roth IRA First for Home
- Prioritize building your Roth IRA savings early before aggressively saving for a home down payment.
- Consider flexible mortgage options like 80-10 or FHA loans when you're ready to buy to reduce down payment requirements.
Assess Condo Special Assessment Options
- When hit with a large condo special assessment, compare the cost of staying plus loan payments against renting a similar place.
- Evaluate if you can afford higher monthly payments; selling might provide financial breathing room.