04.29.21 Will the housing market crash? / HELP WANTED: A dramatically improved job market.

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Business, Investing

4.6 • 5.2K Ratings

🗓️ 29 April 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The housing shortage has pushed home prices to an all time peak. Clark speaks to fears of a real estate market crash and explains how the market is likely to play out. PLUS, a key rule for home buyers today. / Uber and Lyft are good economic indicators of the employment market and there’s a labor shortage in many different categories to explore. Some employers are desperate to hire. This will be a great summer for teen employment. Ask Clark topics include: How to Find a Good Moving Company / uShip | Shipping Made Easy / Certified Professional - The Travel Institute / Payment Apps / 401(a) Plan Definition \\ Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Busy making budget plans for the business year ahead, we've got you covered.
0:05.4	Switch to three business and choose from the latest handsets with unlimited data in our winter sale.
0:10.6	Plus, our business price promise means if you find a cheaper deal from one of our biggest competitors, we guarantee you to beat it.
0:18.1	Search three business or visit us in store.
0:21.1	Business price promise means we'll beat it directly.
0:24.4	Quote you've been given my e-vote for 0.02 for business plans by at least £1 per month, terms apply such three business price promise.
0:36.0	It's my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower you, so you make better financial decisions in your life.
0:45.2	In today's episode, home prices seem incredibly high in many areas of the country.
0:51.7	We headed for a crash. I'll let you know what I think.
0:55.9	Then after your questions, I'm talking about the job market.
0:59.8	Some employers are absolutely getting desperate to hire you right now.
1:07.6	So there's a new report out that says that in a lot of major markets in the United States, homes are overpriced at least 10%.
1:20.6	People hear this and they get really worried that they're going to end up in a position where you buy now and you're going to end up upside down in that home.
1:37.5	Fitch, which is, they're a buying rating agency among other things.
1:44.5	And they say that typically around the country, homes are overpriced 6% with a number of major metro areas 10% or more.
1:54.2	The home prices, all right, Christa, you're in the soundproof booth.
1:59.9	Okay.
2:01.2	You haven't seen any of these numbers.
2:04.5	How much are home prices up in the last eight years?
2:09.3	In eight years.
2:10.8	What percent have home prices? Normal year home prices would go up about one and a half percent, which over eight years would be 12% increase in value.
2:20.2	Oh, I would think like 30%.
	...

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