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CurtisTeam SNMC - Lending a Hand - Episode 2: Robbie Nelson

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Manage episode 364023945 series 3478188
Content provided by Steve Curtis. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Curtis or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Join Steve Curtis and Robbie Nelson in their YouTube video as they answer pressing questions about the housing market. With their expertise in the industry, they provide valuable insights to shed light on current market conditions.

The first question addressed is whether the housing market will crash. Steve explains that unlike the circumstances leading to the 2008 recession, the market today is not fueled by bad transactions or loans to unqualified individuals. Inflation and economic policies, particularly the excessive printing of money during the COVID-19 pandemic, have contributed to the current situation. However, Steve believes that any potential market correction will be brief and intense, lasting around 18 to 24 months, rather than a prolonged recovery like in 2008.

The discussion then shifts to interest rates. Robbie explains that interest rates are influenced by factors such as the Consumer Price Index (CPI) and inflation. The Federal Reserve evaluates the CPI monthly and adjusts rates accordingly. They anticipate the July meeting of the Federal Reserve to have a significant impact on interest rates. If inflation remains high, the Fed may act aggressively, potentially leading to interest rates exceeding 7%.

The conversation further explores whether the Federal Reserve will consistently raise rates by 0.75% or even 1% at each meeting. Steve emphasizes that the Fed’s actions will depend on various factors and their response to market conditions. While they have expressed a general inclination to be aggressive until inflation reaches 2%, the future course will be determined by how the market evolves.

Additionally, Steve and Robbie discuss the significance of achieving a balance in the economy, with rates, unemployment, and appreciation ideally stabilized around 4%. They reflect on the years from 2010 to 2019 when the economy experienced stability with rates in the 4s. They express optimism that once the current challenges are overcome, the market will stabilize again, and interest rates will settle in the mid-fours range.

Overall, Steve and Robbie provide thoughtful insights into the housing market, interest rates, and future projections. Their analysis is based on their expertise and understanding of economic indicators, making their discussion valuable for viewers seeking clarity in uncertain times.

  continue reading

13 episoade

Artwork
iconDistribuie
 
Manage episode 364023945 series 3478188
Content provided by Steve Curtis. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Curtis or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Join Steve Curtis and Robbie Nelson in their YouTube video as they answer pressing questions about the housing market. With their expertise in the industry, they provide valuable insights to shed light on current market conditions.

The first question addressed is whether the housing market will crash. Steve explains that unlike the circumstances leading to the 2008 recession, the market today is not fueled by bad transactions or loans to unqualified individuals. Inflation and economic policies, particularly the excessive printing of money during the COVID-19 pandemic, have contributed to the current situation. However, Steve believes that any potential market correction will be brief and intense, lasting around 18 to 24 months, rather than a prolonged recovery like in 2008.

The discussion then shifts to interest rates. Robbie explains that interest rates are influenced by factors such as the Consumer Price Index (CPI) and inflation. The Federal Reserve evaluates the CPI monthly and adjusts rates accordingly. They anticipate the July meeting of the Federal Reserve to have a significant impact on interest rates. If inflation remains high, the Fed may act aggressively, potentially leading to interest rates exceeding 7%.

The conversation further explores whether the Federal Reserve will consistently raise rates by 0.75% or even 1% at each meeting. Steve emphasizes that the Fed’s actions will depend on various factors and their response to market conditions. While they have expressed a general inclination to be aggressive until inflation reaches 2%, the future course will be determined by how the market evolves.

Additionally, Steve and Robbie discuss the significance of achieving a balance in the economy, with rates, unemployment, and appreciation ideally stabilized around 4%. They reflect on the years from 2010 to 2019 when the economy experienced stability with rates in the 4s. They express optimism that once the current challenges are overcome, the market will stabilize again, and interest rates will settle in the mid-fours range.

Overall, Steve and Robbie provide thoughtful insights into the housing market, interest rates, and future projections. Their analysis is based on their expertise and understanding of economic indicators, making their discussion valuable for viewers seeking clarity in uncertain times.

  continue reading

13 episoade

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