Today’s podcast covers recent news on Student Loan Debt forgiveness and Federal Reserve Chairman Powell’s recent statement at Jackson Hole. As someone who wants to see more balance in the housing market which means total inventory is getting back to 2019 levels nationally, I do feel for the Federal Reserve since they’re already put housing into a recession. Yet, we aren’t at 2019 inventory levels.
My recent clip on CNBC on this subject matter:
https://www.youtube.com/watch?v=D8r5ui0Yc9s&t=85s
National Inventory is rising, but as we can see below, we are far from the standard 2-2.5 million active listings we see historically, as we are at 1,310,000. The new frustrating data line is that new listing data is falling faster this year than in the past two years.
NAR: Total Inventory Data 1,310,000
The goal is to reach a range of 1.52 – 1.93 million. 1.93 million means the Savagely Unhealthy Title leaves the housing market.
From Redfin: https://www.redfin.com/news/housing-market-update-sellers-retreat-new-listings-drop/?
Podcast Interview:
https://www.housingwire.com/podcast/logan-mohtashami-on-student-loan-forgiveness-fed-rate-hikes/
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP50 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
In 2019 I wrote about Student Loan Debt and broke down the actual data so that anyone could understand who was under stress and who wasn’t.
https://www.housingwire.com/articles/student-loan-debt-the-housing-market-and-a-plan-that-could-get-us-out-of-this-mess/
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, financial writer, and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else