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Housing Crash Imminent? and 18 Life Lessons
Description
"How long are you going to wait until you demand the best from yourself?" -Epictetus
I share 18 lessons with my 18-year-old self.
#2 is: Don't fear being different. That's your advantage.
#4 is: No one cares about your college grades.
#14 is: Finding the truth is more important than being right.
#17 is: What does life want from you?
National median home prices eased from June to July—from $414K to $404K.
Homebuilders are in a recession.
However, available housing supply is still low and demand is high.
Almost every human is forgotten in four generations.
Is a housing price crash imminent? You get a clear "yes" or "no" answer.
The NAR says that today's first-time homebuyer is: 33 years old (oldest ever), $86,500 household income, $252K median purchase price, 7% down payment, and 37% carry student debt. Average size is 1,640 sf.
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Show Notes:
Median sale price eases:
https://www.wsj.com/articles/existing-home-sales-prices-housing-market-july-2022-11660774574
Median US house price historic chart:
https://fred.stlouisfed.org/series/MSPUS
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Today's episode transcript:
Welcome to GRE! I'm your host, Keith Weinhold. Learn 18 profound life lessons I've learned that I wish I could shar