22 min
The Screeching Halt of the Housing Market Lagniappe
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- Business
Back in the studio, the Stokes Brothers catch up after the Mardi Gras break. They examine why bad economic news is good news for the market and vice versa, and why the real estate market across the country has come to an abrupt halt.
Key Takeaways
[00:22] - Good news is bad news for the market and bad news is good news
[05:28] - Is now the right time to lock in long-term bonds?
[08:09] - A deep dive into the current real estate market
[16:38] - Tales from the slopes during Mardi Gras break
Quotes
[01:25] - “Interest rates are moving around like crazy at this point, and that's just the market trying to figure out where this is ultimately going to land with the Federal Reserve. I'm still in the camp that we're going to see continued declines in inflation.” - Doug Stokes
[12:40] - “My sort of base case is that there's just not going to be a whole lot of activity in housing, and either we're going to have sort of a sideways market in housing until rents sort of catch up, or maybe we have a decline in interest rates, which decreases that affordability gap. But as it currently stands, there's just a massive gap between what you can afford in rent versus the comparable house to buy. So no houses are affordable at this point.” - Doug Stokes
Links
Truflation
Scott Grannis - Calafia Beach Pundit
Goldman Sachs: 99% of borrowers have a mortgage rate lower than the current market rate
Nick Timiraos - U.S. home prices fell 5.4% at an annualized rate over the Jul-Dec period
Bill McBride - Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY
Cullen Roche - Has Housing Bottomed
Connect with our hosts
Doug Stokes
Greg Stokes
Stokes Family Office
Subscribe and stay in touch
Apple Podcasts
Spotify
Google Podcasts
lagniappe.stokesfamilyoffice.com
Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.
Back in the studio, the Stokes Brothers catch up after the Mardi Gras break. They examine why bad economic news is good news for the market and vice versa, and why the real estate market across the country has come to an abrupt halt.
Key Takeaways
[00:22] - Good news is bad news for the market and bad news is good news
[05:28] - Is now the right time to lock in long-term bonds?
[08:09] - A deep dive into the current real estate market
[16:38] - Tales from the slopes during Mardi Gras break
Quotes
[01:25] - “Interest rates are moving around like crazy at this point, and that's just the market trying to figure out where this is ultimately going to land with the Federal Reserve. I'm still in the camp that we're going to see continued declines in inflation.” - Doug Stokes
[12:40] - “My sort of base case is that there's just not going to be a whole lot of activity in housing, and either we're going to have sort of a sideways market in housing until rents sort of catch up, or maybe we have a decline in interest rates, which decreases that affordability gap. But as it currently stands, there's just a massive gap between what you can afford in rent versus the comparable house to buy. So no houses are affordable at this point.” - Doug Stokes
Links
Truflation
Scott Grannis - Calafia Beach Pundit
Goldman Sachs: 99% of borrowers have a mortgage rate lower than the current market rate
Nick Timiraos - U.S. home prices fell 5.4% at an annualized rate over the Jul-Dec period
Bill McBride - Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY
Cullen Roche - Has Housing Bottomed
Connect with our hosts
Doug Stokes
Greg Stokes
Stokes Family Office
Subscribe and stay in touch
Apple Podcasts
Spotify
Google Podcasts
lagniappe.stokesfamilyoffice.com
Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.
22 min