E35: Future of Real Estate Ownership, Interest Rates Steady, Inflation, Tariffs, FHFA, Fannie, Freddie, Appraiser Gap, Low Inventory in Northeast

In episode 35, Mark and Jeff can't help but ask the question, "Are the top 1% of the wealthiest Americans coming for your home?" Not really, but did you know their wealth is equal to the approximate value of all residential real estate in the United States? The Fed is holding rates steady, but still has two rate cuts penciled in this year. What do you think about Chair Powell bringing back the "T" word, describing possible transitory inflation due to tariffs? Additionally, the newly appointed Federal Housing Finance Agency (FHFA) director isn't wasting any time rearranging the boards of Fannie Mae and Freddie Mac - appointing himself as chairman of both boards, and he wants your input on the future of Fannie and Freddie. What could that mean? Why are over 60% of appraisers less than five years or more than 20 years in the profession? Why the gap? Finally, Jeff and Mark discuss how the northeast markets currently have lower inventory levels than back in 2017.