Ep. 19 - An Inflation Reality Check: The Newest Readings and What They Mean w/ Alex Stewart
As we ramp up to the end of 2022, some new economic readings have come in that tell an interesting story! In this episode, we dive right into the outcomes of the Fed’s meeting on the 13th and Jerome Powell's announcements. Alex and I also discuss the implications of the latest CPI readings, market sentiment on the Fed’s message, and how the housing market is still a valuable player.
All this and more in today’s episode, so jump in and get some actionable data and some much-needed reality checks.
[00:01 - 04:20] Inflation dropped a bomb on unprepared generations; now it’s time to accept it and adjust our financial strategies
[04:21 - 12:08] Implications of the latest CPI readings: higher than ever credit card debt, temporary relief strategies, and pain at the pump
[12:09 - 19:29] Jerome Powell: “A hawkish message taken as dovish.” Is the market in denial?
[19:30 - 28:20] Real Estate’s Top Ten Hottest Markets: Opportunities in the mortgage market are rising if people are willing to take advantage of it
Ad-free, early market analysis and information
[28:21 - 30:28] People waiting for home prices to decrease will lose out. Our advice? A lower rate equals a better deal
[30:29 - 36:54] 25 million people are primed to become first-time home buyers—trying to time the market will invite a frenzy
Quotes:
“It’s not that inflation is going away as much as inflation is not happening at such a high pace.” - Alex Stewart
"If we put a bunch of money in the economy, but nobody spends it, then prices aren’t going to really move. But when everybody is spending that money, it's too many dollars chasing too few goods [which] causes prices to go up." - Alex Stewart
“You’re always going to win with a lower rate than you are with a lower price.” - Alex Stewart
Resources Mentioned:
Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.
Ever ask yourself, “How’s the market?” With us, you’ll never have to again! Visit https://www.themarketdistillery.com/ and gain accurate and digestible insights that will help you serve your clients and expand your real estate.
Be sure to Subscribe, Share, and Leave a Review to let us know you want to keep the content coming.
