The Fed’s Plan “Backfired,” Now They’re Scrambling w/Logan Mohtashami

The Fed is putting us all in danger. With high rates, low inflation, a strong job market, and millions of Americans wishing they could buy a home (but can't), we're in a strange position. Buying a home is still unaffordable even with rising wages, but the Fed won't drop rates BECAUSE of rising wages and such strong job numbers. We're in a housing market stalemate, and all of this could have been avoided if the Fed stopped counting on old data to save them.
You might think that these are wild claims, but thankfully, we've got the housing market expert of housing market experts on the show, Logan Mohtashami, to make his case. Logan's team at HousingWire tracks housing market data like no one else can. They have the most up-to-date metrics and the best forecasts in the industry and were right about this housing market, and the last one, the one before that, and…you get the point. It goes without saying Logan is the singular voice to trust when it comes to housing and the economy.
Logan says the Fed is "playing with fire" by keeping mortgage rates as high as they are. They want to break the labor market, but with every number pointing to a return to normal, why should they? Logan gives his thoughts on why the Fed isn't dropping rates, the huge housing market mistake they're making, the metrics that could point to a disastrous labor market, and the harsh reality for first-time homebuyers.
In This Episode We Cover:
A normalizing job market and what could cause it to finally break 
The Fed's massive mistake that is putting the housing market in danger
Why the Fed won't lower mortgage rates yet and what they're waiting for 
The devastating state of housing demand and why it shouldn't be like this in 2024
How lower-income households are getting hit the hardest, EVEN in an expanding economy 
Bond market effects and why yields are staying so high 
And So Much More!
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On The Market
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The Crash Predictors Are Wrong, Here’s Why
Here’s What Will Cause Mortgage Rates to Finally Fall
Is The Fed Moving Fast Enough to Save Us From a Recession?
The “HousingWire” Housing Market Tracker
Connect with Logan
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Logan's Instagram: @logan_mohtashami
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Logan's X/Twitter: @LoganMohtashami

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