U.S. Housing in 2024

Ben and Brent wrap up 2024 with a conversation on the state of the housing market.  Prices of single family homes continue to edge higher, being up 6% year over year.  This is on top of a record increase in median single family home prices over the past decade which now totals 102% according to Freddie Mac.     While unaffordability infects already strained budgets, forcing some households to quarantine in low rate mortgages or rents, we continue to see enough demand on low inventories push prices higher.  Homes are still selling quickly and people are moving despite 7% mortgage rates.  The same irresistible natural force that drives birds to their nesting habitats recently drove Brent and his family from the inner 275 loop to the suburbs of Northern Cincy.  Ben is in the midst of buying a home and about to list his family’s West Chester home of 11 years in search of status and garage space.     Are they making mistakes abandoning their sub 3% mortgage rates in pursuit of quality of life improvements?  Or are they moving with the natural flow of the market incentives as part of the “great capitulation”?     Listen in to find out the answers to these questions and much more!     ______   About your Hosts   Ben Jones Managing Director, National Wealth Management Group www.nwmgadvisors.com  Sign up for Ben’s newsletter at www.karastick.com  Follow him on X @thekaratstick https://www.linkedin.com/in/ben-nwmg/   Brent Gargano, CFPⓇ Founder & Advisor, Infinite Wealth Planning  www.infinitewealthplanning.com linkedin.com/in/brent-gargano-cfp®-2067b573 Learn more about Brent and follow his newsletter --> https://infinitewealthplanning.net/about-us/#founder   ______   Sources:   Lending Tree, Mortgage Statistics: 2025 https://www.lendingtree.com/home/mortgage/u-s-mortgage-market-statistics/   Redfin, 12/12/2024 Homebuyer Press Release https://investors.redfin.com/news-events/press-releases/detail/1233/redfin-reports-homebuying-demand-sitting-near-highest-level   Redfin, 2025 Predictions https://investors.redfin.com/news-events/press-releases/detail/1228/redfins-2025-predictions-pent-up-demand-will-lead-to   ______   Editor   Trevor Gargano Financial Advisor Marketer [email protected] https://www.linkedin.com/in/trevor-gargano-72727b67/   ______   Follow our socials to support the podcast; see extra clips and announcements!   Instagram: https://www.instagram.com/moneyalchemistpod/ X: https://twitter.com/moneyalchpod  Facebook: https://www.facebook.com/profile.php?id=61556458987483   ______   Disclosure:    The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial. Brent Gargano is solely an investment advisor representative of National Wealth Management Group, LLC, and not affiliated with LPL Financial. Any opinions or views expressed by Brent Gargano are his own and are not those of LPL Financial