Jason Hartman talks with in house economist Thomas about a lot of things that happened to the housing market and the economy in general during 2018. They also look at some trends that will continue into 2019 and some new trends that could be rising in the new year.
To round out the show, Adam has this month’s Mortgage Update, discussing the Fed’s recent decision to raise rates, what rates investors can get for their loans today, and what the Fed’s strategy might be moving forward.
[3:14] Has the rise of Airbnb impacted the high end rental market?
[6:07] Thomas’ assessment of 2018
[10:16] $5 trillion of wealth has evaporated but Thomas doesn’t think it’s enough to trigger a recession
[13:44] The 3 presidents who presided over the most rate hikes
[15:40] One sentence to remember about 2018.
[18:04] What should we expect from the Fed in 2019?
[22:50] The credit spread between junk bonds and investment grade bonds are still in a healthy area
[24:45] January Mortgage Update with Adam
[29:30] Activity in MBS suggests mortgage rates may improve
[32:15] The Fed has rapidly raised rates so that they can taper rates if they slow the economy down too much