Housing Market will Become a Bloodbath in 2025

In this episode, we sit down with Melody Wright to discuss the alarming prediction that the housing market could become a "bloodbath" in 2025. Melody, an expert with over 20 years of experience in mortgages, shares her insights on rising delinquencies, potential market drops, and the economic factors contributing to this outlook. We also explore current market trends, interest rate impacts, and what buyers and sellers can expect in the near future. Tune in for a comprehensive discussion on the housing market’s future and strategic advice for navigating these turbulent times. [00:00:00] Introduction to Melody Wright and her prediction of a housing market "bloodbath" in 2025. [00:01:02] Discussion on delinquencies: 30, 60, 90-day trends and comparisons to 2006 levels. [00:01:54] Defining a "bloodbath": Potential double-digit market drops and historical context. [00:03:16] The end of the spring selling season and its impact on current market behaviors. [00:03:46] Interest rates above 7%: Decline in mortgage demand and the magic number that unlocks demand. [00:05:23] Larry Summers' prediction: A potential rate increase and its implications for the market. [00:07:05] Announcing the addition of a ten-week bootcamp to the One Rental at a Time school community. [00:09:37] Rising jobless claims in 21 states and their potential impact on the housing market. [00:10:00] Consumer delinquencies and their significance according to Fed President Austan Goolsbee. [00:12:42] Analysis of recent earnings reports and their reflection on consumer spending habits. One Rental at a Time Beth Traversal Group Wall Street Journal Article by Nick Timiraos Piper Sandler’s Nancy Lazar Report Join the One Rental at a Time School Community Thank you for tuning into this critical episode. Don't miss the full discussion with Melody Wright tonight at 6 PM Pacific. If you found this episode valuable, please rate, follow, share, and leave a review. Your feedback helps us continue to provide insightful content. For more detailed discussions and to join our growing community, visit the One Rental at a Time school. See you next time! 📖 BUY One Rental at a Time https://amzn.to/3jt3JFx 📣 Audible Version Here https://amzn.to/3jtLDTQ OR 🏆 Buy 15 Conversations with Real Estate Millionaires https://amzn.to/3JwEsVm 📸 INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/ 📬 (MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works This is a VERY private group that is only available to my students of "How to Get Started One Rental at a Time" In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join! JOIN HERE: https://bit.ly/3tEQhRm TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution! 💎 How to Get Started One Rental at a Time: This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals. JOIN HERE: https://bit.ly/3uDrkHq 💸 Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending. JOIN HERE: https://bit.ly/3wbN9yr 📲 MENTORING OPTION: I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request. JOIN HERE: https://bit.ly/3hivsc5 ✍️ FREE COURSE: I put together a Free Course so people can get to know me a little more and have fun getting started with no cost. JOIN HERE: https://bit.ly/3hdMbgK 📣AUDIOBOOK: https://amzn.to/3jtLDTQ PLEASE LEAVE 5 Stars! *** Tag me on IG with a book selfie!