Bill McBride, a housing market expert and author of the influential blog Calculated Risk, discusses the future of the housing market. He predicts 'seven years of purgatory' due to high mortgage rates, which are expected to stay above 6%. Bill emphasizes the importance of inventory over sales numbers for understanding market dynamics. He explores demographic shifts, the impact of rising wages, and the ongoing affordability crisis. Additionally, he shares insights on the housing landscape as we approach 2025 and the potential outcomes for home prices.

Bill McBride, creator of Calculated Risk, shares his two decades of experience dissecting economic data. He discusses the critical indicators investors should focus on, like non-farm payrolls and GDP, versus misleading sentiment data. The conversation also delves into how rent impacts inflation metrics and monetary policy, providing insights on real estate trends amid fluctuating inventory levels. McBride's expertise helps clarify what truly matters in economic analysis, aiding listeners in making informed investment decisions.

Bill McBride, an economic analyst with 20 years of experience, discusses the importance of key economic indicators like non-farm payrolls, GDP, and housing sales in predicting economic trends. He also explores the impact of rents on inflation measurement, the real estate market, and essential economic indicators for investors such as the unemployment rate and inflation figures.