If you are a business owner or a real estate professional who is unsure how certain aspects of the economy will impact you, you could likely benefit from Dr. Bill Conerly’s straight forward, to-the-point discussion with October Research Chief Knowledge Officer Mary Schuster on our Keys to Real Estate podcast.
Listen as she picks his brain about the impact the rollercoaster economy is having on the housing market, touching on key factors such as GDP, interest rates and, of course, tariffs in the first of a two-part discussion with the founder of Conerly Consulting.
“I'm not really here to criticize the Federal Reserve, but let me take a moment and say, I don't think they had a clue what the long-term effects of such low mortgage rates would be,” Conerly said. “They just pushed money into mortgages and we will be for years paying the price in reduced mobility. There will be people who won’t take jobs in another city and people who won’t leave their little, tiny house because they’ve got a 3 percent mortgage.”
Rather than merely speculating about the Fed’s plans regarding rate cuts, Dr. Conerly dives into the logic underpinning those decisions so anyone watching can have a clearer idea of how the folks in charge of monetary policy view the current state of affairs.
Listen along and gain a bit more certainty about these uncertain times here.