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Category

😹
Fun
Transcript
00:00We are knee-deep in the spring housing market. According to this Redfin report,
00:03monthly housing costs have hit an all-time high amid economic uncertainty.
00:07Now, the spring housing market is supposed to be the hottest time of year along with the summer
00:12market, but this year we are seeing a significant pullback from buyers, not just because mortgage
00:17rates are high, but because there is an underlying uncertainty about how much equity a buyer would
00:23lose within the next one to two years based on today's market conditions. Now, you might not
00:29think that the housing market is going to crash. Personally, I don't really think so either,
00:33but for the average onlooker, they're seeing stocks go up and down and around. They're seeing the bond
00:37markets look really shaky, and so for them, they are saying to themselves, I might as well keep my
00:42money on the sidelines for now and wait all of this out before I buy a home because at the end of the
00:48day, no one wants to lose a ton of equity and be underwater on their mortgage. And if you're
00:52interested in more economic news, all you have to do is go listen to the BiggerPockets Daily Show
00:55where you can hear me go over all the big headlines and my own takes because I am there
01:00every single day, Monday through Saturday.
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