Avoid these home-buying mistakes even when the world's gone crazy.

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, taxes.

You've got financial questions, he's got financial answers.

It's Brian Preston, the money guy.

Brian, I'm excited about this show because I do think what you just said is so true.

It seems like with the nature of housing, with the nature of homes, what's going on right now in this moment,

it seems like the entire world has lost its mind.

Well, but I always hesitate because I feel like so much in media in general and even in financial

media, we focus on what are the negative things, but nobody ever gives you, hey, how do you

actually navigate this? Yes, I know it's difficult. I know it's hard. Yes, this is new paradigm type

stuff or at least stuff we haven't seen in 40 years, but very few people say, okay, here's the

way through. That's what I wanted to focus on. How do we share what's going on, but also share

what you can do to protect yourself and even navigate during these unique times?

Let's start with the current state. What have we seen or what are we seeing right now as of this

recording? What you can see is since the year 2000, home prices have been on a steady incline.

They've been increasing through time for the most part, but really since 2020, from the 2020

COVID downturn until now, home prices have gone up 33%. It is a huge run in a very short amount of

time. Of course, this is the meeting home price according to the Federal Reserve. We've seen a

drastic increase in the cost of homes. If I didn't know better, I would think this is a data

error. I mean, seriously, when you look at this, when you see such an outlier event, you think

this is a data error, but that's only one part of this. So the rapid third appreciation in such a

short period of time, but bow, it's even worse. Interest rates have completely flipped on home buyers.

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