NEW ZILLOW Housing Forecast is 20- Worse Than Redfin!

In this episode, we explore the latest housing market forecasts from Zillow and Redfin, with Zillow's forecast being 20% worse than Redfin's. We also discuss Neel Kashkari's comments on potential rate cuts and their implications for the housing market. Additionally, I share insights from Russell Brunson’s thought-provoking question about personal and professional success over the next three years. We touch on key economic indicators and highlight upcoming events in the One Rental at a Time community.

[00:00:00] - Introduction and East Coast Experience

• Sharing my experience on the East Coast and the early start to the day.

[00:00:20] - Fed’s Potential Rate Cuts and Economic Outlook

• Neel Kashkari’s comments on possible rate cuts in December and the importance of upcoming unemployment claims data.

[00:02:00] - Zillow vs. Redfin Housing Forecasts

• Analyzing Zillow’s forecast, which predicts a 1.2% decline in home prices, 20% worse than Redfin’s 1% decline prediction.

[00:04:26] - Impact of Mortgage Rates and Fed Policy

• Discussing the potential effects of mortgage rate changes and Fed policies on the housing market.

[00:05:14] - Thought-Provoking Quote from Russell Brunson

• Reflecting on Russell Brunson’s question about what needs to happen personally and professionally in three years to feel happy with your progress.

[00:07:02] - Historical Home Return Analysis

• Reviewing Reggie Club’s analysis on the average five-year return on US homes since 1975 and the amplified returns with leverage.

[00:08:05] - Housing as a Key Election Issue

• Considering the impact of housing affordability on the upcoming elections and whether millennials and Gen Z will turn out to vote.

[00:09:32] - Empire State Manufacturing Survey

• Examining the latest data from the New York Fed’s Empire State Manufacturing Survey and its implications for the economy.

[00:10:28] - Community Updates: Sessions with Dion and Lumberjack Landlord

• Announcing upcoming sessions with Dion and the Lumberjack Landlord in the One Rental at a Time school community.

[00:11:56] - Call for Accountability Group Leaders

• Encouraging school members to start accountability groups and network within the community.

• One Rental at a Time Community - Join the community for support, networking, and access to expert sessions.
• Contact Information for Dion and Lumberjack Landlord - Available within the One Rental at a Time school community.

If you enjoyed this episode, please rate, follow, share, and review the podcast. Your support helps us bring more insightful content to you every week. Reflect on what you need to achieve personally and professionally in the next three years and take action today. Join the One Rental at a Time community to connect with like-minded individuals and stay motivated. Have an amazing day!

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