124: The Fed Just Got One More Reason to Hike Mortgage Rates

Jul 21, 2023

39:01

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Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy.

Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining.

Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup!

In This Episode We Cover

Short-term rental stagnation and why hosts are seeing income dwindle

Whether or not a massive vacation home sell-off could come to the housing market

Mortgage rate hikes, new job numbers, and why the Fed is furious again

PeerStreet’s recent bankruptcy and what this means for crowdfunding investors

The half-truth of home prices “falling” and why some markets are still seeing bidding wars

And So Much More!

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