Home Prices Are FALLING, Mortgage Rates Are RISING
Summary
The Money Guy Show discusses the current buyer's market, noting that new home prices have dropped below existing home prices due to high inventory and 7% mortgage rates. The hosts advise sellers to price realistically and buyers to use the slower market for thorough due diligence without rushing. They also answer listener questions on valuing homes at cost for net worth, prioritizing employer-matched retirement plans over taxable brokerage accounts, and the role of deductibles in emergency funds.
Topics discussed
Sponsor: LinkedIn Hiring Pro
Housing Market Overview: Rates Up, Prices Down
New vs. Existing Home Price Trends
Inventory Catching Up with Post-Pandemic Demand
Buyer's Market and Historical Distortions
Mortgage Rates Near 7% and Affordability Crisis
Rising Age of First-Time Home Buyers
Real Estate Recovery Speed and Anchoring
Local Market Variations and Upgrade Opportunities
Advice for Buyers: Due Diligence and Tools
Financial Mutant Survey and Community Update
Q&A: Choosing a Home for Lifestyle vs. Investment
Q&A: Valuing Your Home in Net Worth
Q&A: Roth IRA, Employer Match, and Brokerage Accounts
Sponsor: Gatorade
Q&A: Deductibles and Emergency Funds
Peanut Butter and Uncrustables Banter
Community Milestones and Member Stories
Naming the Banana PB Sandwich
Q&A: Prioritizing Low-Interest Debt vs. Family
Q&A: Investing for a Down Payment
Q&A: When to Loosen Up Spending
Tumbler Giveaway and Merchandise Discussion
Closing Remarks and Disclaimer
Sponsor: Notre Dame MBA
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