Global Events Shaping the Housing Market | 1-Minute Market Update w/ Martin Perdomo
What's causing the peculiar dynamics of the current US housing market? Is it the falling demand or shrinking listings? And how does the conflict between Israel and Hamas fit into this puzzle? In this episode, we dissect the paradoxical state of the US housing market, examining the latest Redfin data revealing a puzzling contraction in both demand and listings. We discuss how homeowners, enjoying low mortgage rates, are resisting the shift to higher rates, creating a peculiar market scenario.
The plot thickens as we shift focus to the repercussions of the Israel-Hamas conflict on energy prices and the looming threat of inflation. Discover how the war could disrupt oil supplies, leading to rising energy costs, and how this connects back to the US inflation. The Federal Reserve's role in managing these pressures, the potential impact of these events on interest rates, and the housing market are all crucial elements of this complex discussion. We're in the midst of interesting, unpredictable times, and we're here to help you make sense of it all. Join us for a deep dive into a fascinating exploration of how global events can impact local real estate markets.
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