Housing Shock: Price Corrections & Why Mortgage Rates Won't Drop

🏠💸 Exploring the Latest Shifts in Real Estate and Mortgage Rates 💸🏠 This week's podcast episode dives deep into recent developments affecting the housing market and the outlook for mortgage rates. We’ll discuss the Census Bureau’s significant revision of the pandemic-era price spike for new single-family homes, the enduring high mortgage rates expected to remain above 7%, and Fed’s Kashkari's stance on waiting for more positive inflation data before considering rate cuts. 🔍

In This Episode: - Housing Price Revision: Analyze the implications of the Census Bureau revising away 25% of the reported price spike during the pandemic for new single-family houses. What does this mean for buyers and the overall market? - Stubbornly High Mortgage Rates: Delve into the reasons behind the prediction that mortgage rates will stay above 7% and how t ...