The Housing Market Has A BIG Problem

The Higher Standard

Chris takes the helm for episode 249 of The Higher Standard podcast, delivering an insightful solo deep dive into the economic landscape. The episode kicks off by addressing the Federal Reserve's unexpected 50 basis point rate cut and its implications for the U.S. economy, drawing parallels to previous cuts in 2001 and 2007 that preceded recessions.

➡️ With a focus on the housing market, Chris unpacks the complexities of mortgage rates, home prices, and why current market conditions make rental property investments less profitable. He also delves into the intricacies of bond market reactions, providing listeners with a comprehensive understanding of the current financial climate and what it may mean for the future.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

US consumers believe the economy is in a recession (The Kobeissi Letter)

The US consumer confidence index declined (The Kobeissi Letter)

Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation (CNBC)

JPMorgan CEO Jamie Dimon says he remains skeptical (Bloomberg Economics via X)

U.S. Home prices are up…. A lot. (Lance Lambert)

The median US mortgage payment fell 2.7% YOY (The Kobeissi Letter)

If you could magically conjure up 1.5 million housing units (Lance Lambert)

Buying a rental property in America is no longer profitable (Nick Gerli)

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