Episode 252 | 💥 Housing Market Update: Prices Falling 📉 in 26 of 28 Major Cities
Consumers might have to wait two to three years for their perceptions of inflation to normalize, as highlighted by Fed’s Daly, leaving many still wincing at higher prices. Meanwhile, falling home prices are causing significant distress, particularly in ten states where mortgage balances now exceed property values.
➡️ Episode 252 of The Higher Standard podcast dives into the alarming drop in US mortgage applications, which saw a 17% decrease—the largest since April 2020—along with potential benefits for homeowners in certain cities as interest rates tumble. The discussion also covers the anxiety surrounding credit card debt among Americans and JPMorgan’s new strategy to attract affluent clients with enticing branch experiences. Wrapping up, Chris, Saied and Haroon tackle why so many companies are firing Gen-Z employees, emphasizing a disconnect between workplace expectations and work ethic in today’s job market.
💬 Share your experiences and thoughts in the comments below.
✅ And don’t forget to subscribe! ➡️ / @higherstandardpodcast
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🔗 Referenced Show Links:
MarketWatch
Here’s when prices might ease, per Fed’s Daly
https://www.marketwatch.com/story/her...
Business Insider
Homeowners hit hard as values fall in 10 states
https://www.businessinsider.com/state...
X / Kobeissi Letter
US mortgage apps drop 17%, biggest since Apr 2020
https://x.com/kobeissiletter/status/1...
Apple News
22 cities benefit as interest rates fall
https://apple.news/A9S6_ZDTPQ9GeF6wqS...
Wolf Street
Sept update: Prices fall in 26 of 28 metros
https://wolfstreet.com/2024/10/15/the...
The Street
Americans worried about credit card debt
https://www.thestreet.com/video/ameri...
Yahoo Finance
JPMorgan woos rich clients with 'signature bites'
https://finance.yahoo.com/news/signat...
Inc.
Why companies are firing Gen-Z workers
https://www.inc.com/sydney-sladovnik/...
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⏰ Chapters:
00:00:00 Intro
00:04:29 Inflation and Wage Growth Analysis
00:09:00 Home Values Declining and Underwater Mortgages
00:16:13 Mortgage Application Declines and Rate Impact
00:20:07 Housing Affordability Crisis and Federal Reserve Policies
00:35:00 JPMorgan’s Strategy to Attract Wealthy Clients
00:45:30 Forecast on Mortgage Rates and Affordability
00:55:00 Challenges with Gen-Z in the Workplace
01:00:00 Outro
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Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.
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