Housing Market will Become a Bloodbath in 2025

Jun 4, 2024

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In this episode, we sit down with Melody Wright to discuss the alarming prediction that the housing market could become a "bloodbath" in 2025. Melody, an expert with over 20 years of experience in mortgages, shares her insights on rising delinquencies, potential market drops, and the economic factors contributing to this outlook. We also explore current market trends, interest rate impacts, and what buyers and sellers can expect in the near future. Tune in for a comprehensive discussion on the housing market’s future and strategic advice for navigating these turbulent times.

[00:00:00] Introduction to Melody Wright and her prediction of a housing market "bloodbath" in 2025.
[00:01:02] Discussion on delinquencies: 30, 60, 90-day trends and comparisons to 2006 levels.
[00:01:54] Defining a "bloodbath": Potential double-digit market drops and historical context.
[00:03:16] The end of the spring selling season and its impact on current market behaviors.
[00:03:46] Interest rates above 7%: Decline in mortgage demand and the magic number that unlocks demand.
[00:05:23] Larry Summers' prediction: A potential rate increase and its implications for the market.
[00:07:05] Announcing the addition of a ten-week bootcamp to the One Rental at a Time school community.
[00:09:37] Rising jobless claims in 21 states and their potential impact on the housing market.
[00:10:00] Consumer delinquencies and their significance according to Fed President Austan Goolsbee.
[00:12:42] Analysis of recent earnings reports and their reflection on consumer spending habits.

Thank you for tuning into this critical episode. Don't miss the full discussion with Melody Wright tonight at 6 PM Pacific. If you found this episode valuable, please rate, follow, share, and leave a review. Your feedback helps us continue to provide insightful content. For more detailed discussions and to join our growing community, visit the One Rental at a Time school. See you next time!

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