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Be Wealthy & Smart

Home Prices Hit Another High

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 24 June 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Discover why home prices hit another high.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters!

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Transcript

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0:00.0

Be wealthy and smart, episode 1367.

0:03.3

I'm gonna live no rich life.

0:07.3

It's like.

0:08.3

If y'all know what I mean, put your hands up and declare with me

0:14.2

Yeah, I'm full of time I'm gonna live a good life I'm gonna live the good life

0:21.6

A beautiful and glorious night live a good life, a beautiful

0:23.7

a glorious life.

0:25.0

Step into a world of wealth and financial freedom without budgets, boredom, or bosses,

0:31.6

on Be Wealth wealthy and smart.

0:34.5

And now here's your host, Linda P. Jones.

0:38.6

Welcome to be wealthy and smart.

0:40.1

I'm Linda P. Jones, America's wealth mentor. Empowering Women and Men Worldwide to Financial Freedom.

0:45.2

On today's show, we're going to talk about home prices hitting another all-time high.

0:50.3

Now the news looks very negative out there even the way the media presents this record

0:54.8

beating information appeared negative. But the reality is home prices hit another high in

1:00.4

May. The median price of an existing home sold in May was 419,300, a record high price and up 5.8% year

1:09.2

over year. The gain was the strongest since October of 2022 and prices gained in all regions.

1:17.0

Now in spite of the prices being higher there were fewer sales so the media recorded it as sales stall but the reality is we

1:26.1

just don't have a lot of homes listed and so of course the number of homes

1:30.5

selling is lower but the price is higher.

1:34.0

Now, even though inventory is historically lower,

1:38.0

the inventory of homes did increase in May, up 6.7% month to month, and 18.5% higher than May last year.

...

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