More Mortgage Rate Hikes and Airbnb's Massive (So-Called) Sell-Off

Episode #124

Thought we were done with mortgage rate hikes? Not so fast. The Fed always has time to get mad about something else and push interest rates even higher. This time, a surprise job report makes the Fed furious and could lead to a much more difficult housing market for investors and homebuyers. But this news isn’t all we’ve got on this episode. We’re touching on some of the biggest stories across the housing market, summing them up, and sharing them with you so you can bob and weave with the ever-changing economy.

Want to invest in real estate with just a thousand bucks? If so, you’re NOT in luck because one prominent real estate crowdfunding platform has just gone bankrupt. But don’t worry; it’s not all doom and gloom. The new jobs report is painting a stellar economic picture but could lead to you having a more expensive loan. And for those that own short-term rentals, one housing market forecaster is predicting a mass sell-off due to Airbnb host income declining.

Finally, we’ll talk about home prices, whether they’re actually falling or not, and how home buyers are STILL bidding even during some of the lowest affordability we’ve ever seen. Keep your pulse on the property market; tune into this week’s real estate roundup!

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News Stories from This Episode:
Airbnb Income: https://www.reventure.app/blog/airbnb-owners-are-being-forced-to-sell
Home Prices: https://www.realtor.com/news/trends/as-home-prices-fall-a-whole-new-problem-has-just-reared-its-head/
PeerStreet Goes Bankrupt: https://therealdeal.com/national/2023/06/29/crowdfunding-platform-peer-street-files-for-bankruptcy/
Rate Hikes and Jobs: https://www.reuters.com/markets/rates-bonds/us-rate-futures-lift-chances-november-hike-after-overall-upbeat-data-2023-07-06/
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Show notes at:



00:00 Intro

01:51 News Quiz

06:27 Will Airbnb Income Crash?

15:00 PeerStreet Goes Bankrupt

21:31 Jobs Make a Massive Jump

28:15 Home Prices Are...Falling?