Ferenc shares several interesting recent client meetings. Many listeners will gain valuable financial insights. 
     1. An annual review with a client who received 20% return with their index annuity this past year.
     2.A review with a client that invested in index annuities and high cash value policies in 2007, then guaranteed lifetime income later. Very interesting story through the Great Recession..
     3. Planning meeting that potentially doubled income for retirement.

US household debt has hit new records. It has doubled in the past 20 years. This will likely lead to a weak economy, possibly a recession. 

Average rent has declined in markets that are overbuilt. Some markets have dropped 20%. The Brookings Institute estimates there are 300,000 fewer people in the US than the previous year.This was the first time in 50 years that more immigrants left America than entered it. Brookings projects about 1,000,000 will leave in 2026. Rents will likely continue to decline.

Housing buyer demand has hit the lowest level on record. In 2005, the median income was $46,000 and the median house price was $184,000. In 2026, the median income is $59,000 while the median house price is $450,000. In 20 years, income increased 20% and house prices increased 150%.

Homebuilders continue to build new homes. The number of unsold completed new homes have hit the highest level since 2011. Building permits hit a five month high. Despite increased inventory, homebuilders are continuing to build. Home prices are likely to continue to decline.

Realtor.com states one of the following needs to occur for homebuyer demand to return:

   1. Mortgage rates fall to 2.65%.
   2. Household incomes rise 56% to a median of $132,171.
   3. Median home prices drop 35% to a median of $273,000.