Big economic news dropped last week: labor data, inflation rates, and huge jobs revisions. All of these are already impacting the housing market, but could new numbers cause an even greater shift that could affect your mortgage rate, your rents, and your next deal?
Rental property owners, agents, sellers, and buyers: this news affects what you’re doing right now. New labor data beat the odds, with a surprising amount of hirings. But, with many of those hirings concentrated in a few specific fields, investors in markets with this line of work will need to watch carefully. And it wasn’t all good news—the largest jobs number revision in over a decade happened last week. The number of overreported jobs? It changes the picture entirely.
A strong labor market could mean stagnant mortgage rates, but inflation data might just come in to save the day. With lower inflation readings, could the Fed get the confidence to cut once again?
Finally, we’ll talk about exactly which types of homes will sell and which will stagnate on the market. One type of property is flying off the proverbial shelf, so if you can build, renovate, or rent it, you could be in luck. For the rest of investors, Dave has some cautious words of wisdom that could save you if this economic trend continues.
In This Episode We Cover
Off by nearly 1,000,000 jobs: Inside the largest jobs number revision in over a decade
New inflation rate readings and whether we’re trending in the right direction
More moves for mortgage rates? Positive data that could tip them a bit lower
The one type of housing that has high demand, even as consumer sentiment stays low
Why you either feel phenomenal or terrible about the U.S. economy
And So Much More!
Links from the Show
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On the Market 372 - New Recession Indicator Shows Americans Worse Off Than We Thought
BiggerPockets Real Estate - 1229 - Scott Trench’s $1,000,000 Bet on Real Estate (Update)
Grab the Book on "Recession-Proof Real Estate Investing"
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