199: New Listings “Normalize,” Inflation Ticks Up, and Airbnb Bans Indoor Cameras

On The Market

BiggerPockets

News, Investing, Business, Education

4.8 • 820 Ratings

🗓️ 18 March 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Fed isn’t happy, but what’s new? After inflation numbers were released last week, showing higher-than-expected consumer price growth, our rate cut dreams could be slowly dwindling. Are we still on a timeline to see lower mortgage rates by summer, or is the US economy just too strong to prompt any help for prospective homebuyers? This story, and plenty more, are coming up in this week’s headlines show. Ever get that feeling that someone is watching you? Airbnb recently announced a new policy that banned indoor surveillance cameras in hosts’ properties. This is a shock for almost every Airbnb guest and most hosts, too, as it seems we all incorrectly assumed that security cameras were only allowed on the OUTSIDE of a property. But this episode isn’t just about short-term rentals. We have some good news for housing inventory, as new listings finally saw a bump, helping add some homes to the already supply-strained market we’re facing. We’ll also talk about new unemployment numbers that are trending in a direction the Fed wants to see but may not be enough to convince them of a rate cut. All that, and more, in this episode. In This Episode We Cover: A housing supply update and the “surge” of new listings that hit the market New jobs numbers and whether rising unemployment is something we should worry about Why the Fed may become even more hesitant to cut rates in 2024 New inflation and CPI (Consumer Price Index) numbers (and what they mean) Airbnb’s newest “no indoor camera” policy and what this means for anyone hosting a short-term rental The naked man in James’ newest investment property (will he EVER get out?) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Kathy's BiggerPockets Profile Kathy's Instagram BiggerPockets' Instagram Headlines from Today’s Episode: New Listings Job Growth and Unemployment CPI and Inflation Airbnb Cameras BiggerNews: Why Mortgage Rates AREN’T Falling Check out more resources from this show on https://www.biggerpockets.com/blog/on-the-market-199 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, everyone, welcome to On the Market. Today, we're going to be doing one of our
0:11.4	tried and true formats talking about some of the most recent and important headlines
0:16.3	for the real estate investing community. And to do that, we have James Dainard, Henry Washington,
0:22.7	and Kathy Fecky joining me today. Thank you all for being here. Happy to be here. And Henry,
0:28.6	I think you're, you're in Kathy's guesthouse right now. Is that right? Yes, it pays to have
0:34.4	wealthy friends. We thought we'd bring the Santa Ana so that he could enjoy an eight-hour earthquake kind of feeling all night.
0:43.3	It has been pretty intensive.
0:45.4	For those of you who don't know, Kathy lives up on a big hill, and the California Santa Ana winds are blowing through, and it sounds like the world is in basically for all night.
0:56.0	Well, I'm very jealous that you all are hanging out and are in the same area and
1:01.5	hope you guys have fun.
1:02.7	Henry, you're going to a big charity event, right?
1:04.8	Yeah, going to a party tonight and get to see some more cool friends and do some fun
1:10.1	stuff.
1:10.4	And, you know, it's like I said, it's good to have wealthy friends.
1:14.6	You get to do fun things.
1:15.9	Nice, nice.
1:17.1	Well, in today's show, we have some great headlines and stories to talk to you about.
1:20.8	We'll be covering some big changes in some of the fundamental dynamics in the housing market.
1:25.9	We'll talk about recent economic data dropping,
1:28.4	like job growth and inflation, and we'll be covering Airbnb's news about their policy update on
1:36.3	security cameras.
1:47.6	All right, well, let's just jump right into this.
	...

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