Home Prices Do The Unthinkable!

In this episode, we explore the surprising new data on home prices, which have continued to rise despite expectations of a market downturn. We discuss the latest Case-Shiller report showing record highs, analyze the weekly inventory numbers from Altus Research, and delve into the Fed's stance on interest rates. Additionally, we touch on consumer confidence, economic trends, and the curious concept of a "vibe session." Tune in to get a comprehensive overview of the current real estate market and economic landscape. [00:00] - Introduction to the episode and overview of topics including home prices and Altus Research. [00:27] - Case-Shiller report reveals record-high home prices in April, with a 6.3% national increase. [01:30] - Analysis of weekly inventory numbers and trends from Altus Research. [02:28] - Discussion on the rise of price cuts and the slowing growth of inventory. [03:14] - Impact of older listings expiring and being taken off the market. [04:25] - Fed President Michelle Bowman's remarks on potential interest rate hikes. [05:33] - Earnings reports: Carnival Cruise Lines' record performance and Airbus cutting its 2024 guidance. [07:17] - Explanation of the "vibe session" concept and its implications for consumer sentiment. [08:41] - Consumer concerns about inflation and the average credit card rate reaching 21%. [09:31] - Consumer confidence data and insights from Bank of America on real estate transactions. Altus Research: For weekly real estate inventory updates. Case-Shiller Home Price Index: S&P Dow Jones Indices TransUnion Report on Consumer Concerns: TransUnion Bank of America Real Estate Analysis: Download the 54-year spreadsheet from One Rental at a Time. Thank you for joining us in this episode. If you enjoyed the insights shared, please rate, follow, share, and review our podcast. Stay tuned for more updates and expert analyses on the real estate market and broader economic trends. 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm Dion from Dion Talk is Narrator!!! NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie!