In many markets, home prices are through the roof.

In 2020, just two years ago, the average price of an American home was about 375,000. Today? $500,000. And with rates rising, affordability is becoming a real issue. So here's the question: Do we buy now before prices go even higher? Or do we wait and see if prices and mortgage rates drop? Today, we're going to try to answer that question.

Stacy Johnson, CPA, financial journalist Miranda Marquit and novice investor Aaron Freeman to talk about what’s going on with housing and whether now is the time to buy.

Our special guest this week is Mindy Jensen from real estate website and podcast, Bigger Pockets.

Links:
Robert Shiller: Should You Buy a Home in the US?
CoreLogic: How likely is it that home prices will decline in your market?
The end of booming home prices is almost here, national mortgage bankers group says
Pricey Coastal Markets Show First Signs of Housing Slowdown
The housing market enters uncharted waters
The Sky-High Pandemic Housing Market Finds Gravity Does Exist
Are we headed for a housing market crash?
Even though prices are heading higher, it doesn't necessarily mean we're headed for a bubble
Check out the housing starts data Mindy mentioned to get an idea of how much room we still have
We've also got an article on housing markets most likely to fall

Retire on your own terms with help from this course

The Only Retirement Guide You'll Ever Need gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a customized retirement plan around the things that matter to you — without the fees you can expect from financial firms and advisers.

You'll get expert, personalized advice. You'll have access to the latest tools. You'll have ongoing support. And when you've completed the course, you'll be ready to approach your retirement with confidence and with peace of mind.

It's time to plan the best years of your life. Let's get started.

In many markets, home prices are through the roof.
In 2020, just two years ago, the average price of an American home was about 375,000. Today? $500,000. And with rates rising, affordability is becoming a real issue. So here's the question: Do we buy now before prices go even higher? Or do we wait and see if prices and mortgage rates drop? Today, we're going to try to answer that question.
<a href="https://www.moneytalksnews.com/author/stacy/" data-stringify-link="https://www.moneytalksnews.com/author/stacy/" data-sk="tooltip_parent" data-remove-tab-index="true">Stacy Johnson, CPA,&nbsp;</a>financial journalist&nbsp;<a href="https://www.moneytalksnews.com/author/mirandamarquit/" data-stringify-link="https://www.moneytalksnews.com/author/mirandamarquit/" data-sk="tooltip_parent" data-remove-tab-index="true">Miranda Marquit</a>&nbsp;and novice investor&nbsp;<a href="https://www.moneytalksnews.com/author/aaronfreeman/" data-stringify-link="https://www.moneytalksnews.com/author/aaronfreeman/" data-sk="tooltip_parent" data-remove-tab-index="true">Aaron Freeman</a>&nbsp;to talk about what&rsquo;s going on with housing and whether now is the time to buy.
Our special guest this week is <a href="https://www.biggerpockets.com/">Mindy Jensen</a> from real estate website and podcast, <a href="https://www.biggerpockets.com/">Bigger Pockets</a>.
Links:
<ul>
<li>Robert Shiller: <a href="https://www.project-syndicate.org/commentary/us-housing-market-long-term-price-outlook-by-robert-j-shiller-2021-10">Should You Buy a Home in the US?</a></li>
<li>CoreLogic:<a href="https://fortune.com/2022/04/27/how-likely-home-prices-decline-in-every-major-housing-market-corelogic/"> How likely is it that home prices will decline in your market?</a></li>
<li><a href="https://fortune.com/2022/03/25/end-of-booming-home-prices-almost-here-national-mortgage-bankers-group/">The end of booming home prices is almost here, national mortgage bankers group says</a></li>
<li><a href="https://www.redfin.com/news/pricey-coastal-metros-california-housing-market-cooldown/">Pricey Coastal Markets Show First Signs of Housing Slowdown</a></li>
<li><a href="https://fortune.com/2022/03/22/housing-market-uncharted-waters-fed-interest-rate-hike-mortgage/">The housing market enters uncharted waters</a></li>
<li><a href="https://www.nytimes.com/2022/04/16/business/economy/housing-market-interest-rates-prices.html">The Sky-High Pandemic Housing Market Finds Gravity Does Exist</a></li>
<li><a href="https://www.forbes.com/advisor/mortgages/will-housing-market-crash/">Are we headed for a housing market crash?</a></li>
<li><a href="https://www.cnbc.com/2022/03/31/opinion-housing-prices-are-still-surging-but-a-bubble-doesnt-seem-likely.html">Even though prices are heading higher, it doesn't necessarily mean we're headed for a bubble</a></li>
<li>Check out the <a href="https://fred.stlouisfed.org/series/HOUST">housing starts data Mindy mentioned</a> to get an idea of how much room we still have</li>
<li>We've also got <a href="https://www.moneytalksnews.com/slideshows/the-housing-markets-most-likely-to-fall/">an article on housing markets most likely to fall</a></li>
</ul>
Retire on your own terms with help from this course
<a href="https://www.moneytalksnews.com/workers/personalizer/b/go/?e=b107ccf39f8d48d59bce7f52e23b2745-9WbB5&amp;r=0.414416&amp;d=https%3A%2F%2Funb.moneytalksnews.com%2Fretirement-guide%2F%3Futm_source%3Dwebsite%26utm_medium%3Dcallout%26utm_campaign%3Dretirement-course-ad-9">The Only Retirement Guide You'll Ever Need</a>&nbsp;gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a customized retirement plan around the things that matter to you &mdash; without the fees you can expect from financial firms and advisers.
You'll get expert, personalized advice. You'll have access to the latest tools. You'll have ongoing support. And when you've completed the course, you'll be ready to approach your retirement with confidence and with peace of mind.
It's time to plan the best years of your life.&nbsp;<a href="https://www.moneytalksnews.com/workers/personalizer/b/go/?e=b107ccf39f8d48d59bce7f52e23b2745-9WbB5&amp;r=0.414416&amp;d=https%3A%2F%2Funb.moneytalksnews.com%2Fretirement-guide%2F%3Futm_source%3Dwebsite%26utm_medium%3Dcallout%26utm_campaign%3Dretirement-course-ad-9">Let's get started</a>.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

Is the Housing Bubble About to Burst?

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/4f257c30-a60e-43ef-b098-ae94011898e8/transcript

Transcript

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