Record-low interest rates & central bank stimulus resulting in a record decade for housing price gains leading up to 2021.
But then the Fed and many other central banks reversed policy. Interest rates have rocketed higher and the stimulus spigots have turned off. Mortgages are now more than twice as expensive than they were two years ago.
As home prices are now weakening nationwide — and globally, too — homeowners around the world are asking: if a correction is now in process, how bad will it get?
To help us better understand the key dynamics in play, Amy Nixon returns to the program. She appeared on this channel several months ago to warn of us the brewing trouble in the short-term rental market, which she coined the “AirBnBust” — a warning that quickly proved prophetic.
If we have time, I’ll ask her for an update on that unfolding correction, as well.
