Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!
Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?
If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!
Dave:
Do presidential elections historically affect the housing market? Why on earth are mortgage rates still going up? And what are some of the best companies where you can grow your career? That and more on today’s show. Hey everyone, it’s Dave. Welcome to On the Market. This is one of our patented headline show where we bring you the latest headlines in real estate and in business so you can help keep up with the market and make smart investing decisions. And of course, to sprinkle on our own hot takes to help you separate what’s actually going to help you with your investing career from stuff that’s just hype. Usually I sift through the news and bring four headlines to talk about, but instead I have assigned to my esteemed panelist a topic or ask them to bring their own topic. So we have Kathy Fettke, James Dainard, and…