Home buying regrets, Interest rate hikes, and the Coming recession
The bull run is coming to an end!
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What’s Graham up, it’s guys you here😅.
Finally, it has happened! The Federal Reserve has approved a 0.25% rate hike for the first time since Dec ’18. They have also indicated an aggressive path going forward with rate hikes coming at each of the remaining six meetings in 2022. This would have far-reaching implications on everything from mortgage rates to the stock market. Before we jump into this week’s recap, let’s all press F to pay our respects to what gave us the greatest bull run we had in recent years.
The Coming Recession
I think its time we deep-dive into a topic that I am sure we have all considered given the current market conditions → An upcoming recession.
Just in the last few weeks, the Yield curve has begun to flatten as an early recession warning, inflation is now at a 40-year high, buying conditions are the worst they have been since the 1970s and Goldman Sachs has increased the risk of a U.S recession to 35% in lieu of the rising energy prices.
With all this, I think it’s time we discuss what’s going on, its potential impact on the economy and your portfolio, and how you can be best prepared for it!
Interest Rate Hikes
As we discussed in the beginning, after teasing about it for more than a year, the Fed has finally announced its first rate hike in a long time. This is going to have a ripple effect throughout home prices, stock values, savings accounts, credit cards, etc...
I think this move could start a whole new trajectory that many investors have never seen. So, I feel it’s very important to analyze how this is going to impact us - so that we know exactly what to expect! In this video, I will be covering how and when the new changes are going into effect, how your investments will be affected by the rate hikes, and finally what we can do to make money (or at least not lose any) from this situation.
Why You'll Regret Buying A Home In 2022
75% of Recent Home Buyers Have Regrets - Zillow
This was one of the most shocking reports I have read all year. I expected the people who finally closed a house during one of the most competitive housing markets to be happy. But as the survey revealed, 75% of recent home buyers regret their purchase with 50% concerned about home affordability and 40% wishing that they had just held off and waited a little longer.
The more research I did, the more I began to understand why this happened. So, as someone who has been in the real estate industry full time since 2008, and has personally bought 8 properties with zero regrets, let’s talk about what’s going on and how to make sure you don’t make the same mistakes as well.
So that’s it for my Sunday round-up. For the new folks here, in this newsletter I give a quick recap of whatever you may have missed over the week on Sunday, and on Wednesday, I will be doing a deep-dive article on one of these topics.
See you next week with another bunch of exciting videos!
And force of habit - Smash that like button to help others find this newsletter. :)
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