The Feds Just POPPED The Real Estate Market | LISTEN CLOSELY
Channel: Hayden Schreier
Date: 31/10/2022

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THE MARKET IS CRIPPLING:
Mortgage rates are officially over 7%, mortgage demand dropped to a 25 year low, home sales plummeted over 50%. So the question that both you and I are thinking, is how much worse is this going to get before it gets better and when will things actually start to get better for the real estate market?

THE FEDS ARE TO BLAME:
What we do know with certainty, is that the feds have another 2 meetings this year, 1 in the beginning of November and one in the middle of December. Now theres a really big chance we will see another rate hike at each of those meetings. Most likely because inflation is kicking our behinds. Last month Inflation jumped by 8.2% versus a year earlier, hotter than expected though a slight decline from August. Which is just okay, but the problem however is “Core” inflation, which strips out food and energy costs, jumped to its highest level since 1982. That’s the real problem. Its been almost 9 months since the feds first raised rates and inflation is still going up. 

FLORIDA REAL ESTATE IS CRASHING:
Pending home sales to plunge 58% year over year in the Cape Coral during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian. That’s nearly twice the nationwide decline of 32%. Pending sales also slumped in Naples by 52% and North Port  by 51%. And don’t think the east coast of had it any better. Pending sales fell 47% in Miami, 46% in Jacksonville and 43% in West Palm Beach. They were down more than 40% in Deltona, Tampa and even Orlando.

WHAT YOU CAN DO:
Now all in all I do believe were headed in the right direction. When the feds raise rates we don’t see an immediate reaction. It does take a few months to really get the effect. And I am a strong believer that the rate hikes in November and December have already been factored into the stock market. What I mean by that is I don’t think it will cause a major drop in the market. Weve either already hit the bottom or were maybe 5% away. Regardless this is a great opportunity to take advantage of whats on sale. Typically the stock market recovers before the economy does too. So theres a good chance will be in the green moving forward for the next few years


Legal Disclaimer: I am not a financial advisor nor is any content in this video presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.