The Fed Is Trying To Kill The Housing Market | How NOT To Lose Money
The FED just delivered the highest rate hike in 28 years - and they're not going to stop until this Housing Market and Inflation comes back down to earth. Jerome Powell, the chairman of the Federal Reserve, has already promised more rate hikes in July which could be another interest rate hike of 75 BASIS POINTS.
Inflation has taken consumer prices up 8.6% from a year ago. This is reflected not only in gas prices and groceries but also for rent and travel costs as well.
The Housing Market doesn't show any signs of being in a bubble, however, as inventory still remains very low and buyer demand is still high. Properties are starting to sit on the market a little longer, and we are experiencing price reductions, but price reductions are not always an indicator of a Housing Crash. Reason being it's very likely Sellers overshot their initial asking price as a last ditch effort to sell at the perceived peak of the market.
In this video we take a look at whether you should BUY, WAIT or SELL in this market and how YOUR specific situation should dictate that, not market sentiment.
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Eddie Fallah
DRE 01969011
Compass Realty
0:00 Introduction
0:35 Interest Rates
1:30 Equity Rich USA
2:53 Low Supply
3:11 Inflation
4:04 Long Term Game
4:52 2008 Crash
6:28 Opportunity
8:47 Rising Rents
10:00 What Should YOU Do?