Ep. 170 - The $17 Trillion Reason Why 2024’s Housing Market is NOTHING like 2008

In this episode, Quinton looks at the current state of the US housing market, focusing on the astounding $17 trillion in home equity held by American households. Despite media headlines predicting a housing crash reminiscent of 2008, the significant equity positions of homeowners today make a repeat of the 2008 crisis unlikely. Quinton examines the impact of the Federal Reserve's tightening policies on home prices and inventory, discusses the frustrations faced by current homebuyers, and predicts a potential shift in the market over the next six months. 

[00:00 - 01:23] - Introduction

[01:24 - 03:43] - Headlines and Fed's Pause

[03:44 - 05:47] - Record High Equity

[05:48 - 08:15] - Angry Buyers, Housing Supply

[08:16 - 10:20] - Fed's Policy, Elections

[10:21 - 11:56] - Job Reports' Importance

[11:57 - 15:04] - Economic Predictions

[15:05 - 18:03] - Closing Segment

Key Quote:
"Until you get more supply, the prices aren't going to come down" - Quinton Harris

Article Mentioned:
https://apple.news/Aw0KI5dV-QoK3T5qjq_cE9w

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