Eric Basmajian, economist and founder of EPB Research, discusses the rate at which the economy is slowing, the outlook for U.S. housing market, and the long-run real income outlook. Watch Eric's last interview with me: https://youtu.be/dmxDyKaB83M?si=5r1MlB1e0ZwBKUxt Housing supply at more than 16-year high: https://www.reuters.com/markets/us/us-new-home-sales-slump-six-month-low-may-2024-06-26/#:~:text=WASHINGTON%2C%20June%2026%20(Reuters),housing%20market%20recovery%20was%20faltering. *This video was recorded on July 2, 2024 Subscribe to TDLR newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34s Listen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-report FOLLOW ERIC BASMAJIAN: EPB Research: https://epbresearch.com/ Twitter (@EPBResearch): https://twitter.com/EPBResearch YouTube channel: https://www.youtube.com/@EPBResearch FOLLOW DAVID LIN: Twitter (@davidlin_TV): https://twitter.com/davidlin_TV TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/ For business inquiries, reach me at david@thedavidlinreport.com 0:00 - Intro 1:00 - Labor market overview 3:43 - Economic growth 12:54 - Housing supply 17:07 - New listings 20:48 - Home price outlook 22:17 - Lumber price 25:23 - Small business sector 27:20 - Investment implications 31:34 - Long-run income *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. #economy #investing #realestate