Home Depot Sends BIG WARNING About Housing Market | 1387

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 18 November 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we dive deep into the startling revelations from Home Depot's latest earnings report, which paints a concerning picture for the housing market. With rising interest rates and growing economic uncertainty, the once-booming home improvement sector is seeing a noticeable slowdown. Homeowners are scaling back on large-scale renovations, which could lead to stagnation or even a decline in property values, particularly in the high-end market. But what does this mean for homeowners, investors, and the broader real estate landscape? We break down the key factors at play—how the tightening of credit, increasing borrowing costs, and shifting consumer behavior are reshaping the market. Are we headed for a housing downturn, or is this a temporary adjustment? And more importantly, how can you stay ahead of the curve? In this episode, we provide four actionable strategies to help you navigate these turbulent times and profit from the changing market dynamics. From making smart, low-cost updates that boost property value without breaking the bank, to exploring creative financing options that can keep you competitive, we’ve got you covered. We’ll also discuss rental opportunities in a market where homeownership may be slipping out of reach for many, and how to spot underperforming properties that are ripe for investment. The housing market may be in flux, but with the right approach, you can not only survive but thrive. Tune in for expert insights and practical tips to help you make informed decisions and stay adaptable in this ever-evolving real estate environment. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:06.0	It's time for the epic real estate investing show.
0:09.0	We'll be your guides as we navigate the housing market,
0:12.0	the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:18.0	If you're looking for some one-on-one help, meet us at
0:21.6	rei-aise.com. Let's go. Let's go. Let's go. Let's go. Let's go. Home Depot's latest earnings
0:29.2	report just dropped a bombshell about today's housing market. So if you're a homeowner, an investor,
0:34.0	or even thinking about buying, you need to know what's happening behind the scenes
0:37.9	before it's too late. Here's the truth. Despite Home Depot raising its fiscal outlook after a strong
0:42.9	third quarter, their earnings reveal a chilling trend in the housing market. Big ticket renovation
0:47.5	projects are plummeting, and this decline could spell trouble for homeowners and investors
0:52.3	alike. The reason? Higher interest rates,
0:54.8	inflation, and economic uncertainty are forcing homeowners to cut back on improvements. They're
0:59.8	still investing in necessary maintenance and upgrades, especially the seasonal ones, but extensive
1:04.3	remodeling projects are not happening. And here's the big problem that the report pointed out.
1:09.1	When homes stop getting updated, their value
1:12.0	stagnates or worse, starts to drop. Now, that doesn't happen overnight, but it's a trend where
1:16.8	history shows that it could lead to the decline of overall neighborhood values. And here's how
1:21.6	it happens. A decline in renovations triggers a ripple effect, fewer buyers willing to pay premium prices, a growing price gap between
1:29.0	old and new homes. This is the reality Home Depot's numbers are warning us about. Granted,
1:34.1	Home Depot's perspective could be a biased one, but they're not totally wrong. Whether their
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