The Clark Howard Podcast 12.23.24 2025 Home Price Projections / The Average 401(k) Balance
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Dec 23, 2024 The hosts delve into predictions for home prices in 2025, discussing how factors like mortgage rates and income will impact affordability. They explore secure payment options, particularly focusing on virtual card numbers and rental car toll management. The conversation shifts to the sobering statistics of average 401(k) balances, emphasizing the need for better retirement planning. Personal anecdotes highlight credit building strategies for teenagers and essential safety tips for homeowners with pools.
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2025 Home Price Predictions
- Clark Howard predicts home prices will stall in 2025-26, becoming more affordable relative to rising incomes.
- Mortgage rates may decline if the budget deficit shrinks, further improving affordability.
Virtual Credit Card Security
- Use virtual credit card numbers for online purchases.
- These enhance security by generating one-time use authorization numbers.
Portable Toll Readers for Rentals
- Use a portable toll reader like UNI for rental cars to avoid fees.
- Register and deregister the rental car's plate number before and after use.